RE: Hdac ICO - Blockchain Backed by Hyundai - Internet of Things Niche
At the risk of a downvote I'm going to have to respectfully disagree with your comparison here. The entire unique value proposition of IOTA is that it has a tangle and not a block chain whereas this is blockchain based tech.
The tangle allows for free transactions (among other things) which in turn allows for a much greater network capacity at 0 cost. For any application where high frequency 0 cost transactions are needed this is in no way competitive with IOTA and that has always been IOTA's niche.
This project is a blockchain based technology targeting IoT applications, but from a technology standpoint it has much more in common with bitcoin than IOTA. I feel like any analysis of IOTA that doesn't mention the tangle is missing the core concept behind the currency.
Thank you for this post.
Being new to crypto investing I need to look into IOTA now, I didn't know it was about the IoT.
Thing is, having seen enough of the auto industry and some of that from the inside I have a lot of faith in Hdac, Hyundai have the best late to the party business model I have ever seen, it took them a while to build up speed but in the last 20 year's the have become a force to recon with. That will make Hdac a very interesting coin to follow IMO.
Yeah, I have a lot of faith in Hyundai too so definitely not saying this coin can't win out, just felt the author's comparison wasn't truly fair as IOTA is built on a pretty groundbreaking idea. IOTA also has some backing from CISCO/MSFT, and as of today a 3B market cap so it is definitely a real competitor to what Hdac is trying to do.
From an investment stand point I'd definitely research IOTA, its shot about about 35% today alone.
Nice, will do.
A fair comparison I must say!
I agree, tangle separates IOTA from HDAC and makes it unique and in my mind that increases it's potential!
droopy is precisely correct on the technical comparison between a blockchain and tangle orientation in the case of HDAC and IOTA. I will play devil's advocate for a moment however, as I do not believe these projects will necessarily develop based on the technological considerations alone.
At the end of the day, all of these crypto-projects are going to require a serious infrastructural investment with commensurate merchant support implementation. In other words, the protocols can be perfectly sound and utilitarian, but if there is no point-of-sale mechanism in play, then it's all theoretical. Hyundai has the capital at its disposal to close this practical implementation gap exponentially quicker than IOTA. It stands to reason that since they will stand to gain the most in this venture, they will be very motivated to throw their considerable industrial/commercial weight behind promoting (pressuring) merchants and vendors to accept their system.