An internet-of-things (IoT) startup founded in 2013 is adding tokens to its business model with the backing of two of crypto’s best-known funders.
Helium announced Wednesday a $15 million Series C co-led by Union Square Ventures and Multicoin Capital. Investors will acquire equity in Helium as well as a share of the tokens that will accrue to the company over the next several years as they are minted, after its bespoke blockchain goes live, according to a spokesperson.
Mic Bowman is a principal engineer at Intel and a member of CoinDesk’s advisory board.
The following article originally appeared in Consensus Magazine, distributed exclusively to attendees of CoinDesk’s Consensus 2019 event.
Japanese startup Nayuta is releasing an in-progress lightning implementation with a compelling new focus: the internet of things (IoT).
As revealed exclusively to CoinDesk, Nayuta is publishing the first lightning implementation geared specifically toward IoT, or networks of connected devices that feed data to one another. The idea behind Nayuta’s release is that it connects to bitcoin’s live network (as opposed to a test one), allowing transactions of real BTC.
To date, Nayuta’s release represents the fourth lightning implementation to officially launch on bitcoin’s mainnet so far, following software pushes from startups Acinq, Blockstream, and Lightning Labs.
Date of Review: 18/11/17
Name: IOTA (MIOTA)
Number of coins: 2,779,530,283,277,761
Current capitalization: $ 2,217,862,260
Start date: 21/10/15
Current price: 0.8 $ / 0.0001 BTC
Current block height: no
Creator: David Sonstebo, Sergey Ivancheglo, Dominik Schiener, Dr.Sc. Serguei Popov.
History: After the creation of the product, beta tests were held for several months. Simultaneously, direct auctions of crypto currency (pre-sale) were conducted within 11 months. In 2017, Iota created a 10 million fund to support its own projects in the ecosystem. Then we entered into a bitfinex stock exchange. At the moment, the crypto-currency is in the top 10 by its capitalization. Some sources say that the tangle technology that underlies IOTA is being developed since 2011 as an alternative to conventional blockchain.
Tech conglomerate Cisco Systems has proposed a blockchain system to track Internet of Things (IoT) devices.
In an application released by the U.S. Patent and Trademark Office on Thursday, the technology giant outlined a blockchain platform that can identify different connected devices, monitor their activity and evaluate how trustworthy the device is when connected to a network.