This must be the most insane "Internet of Things" project ever. How did they come up with this nonsense?
This must be the most insane "Internet of Things" project ever. How did they come up with this nonsense?
An IOTA efficient IoT device would simply have a tiny JINN ASIC to perform the PoW necessary to attach a transaction to the tangle.
I will add that I did mis-speak in that sentence. The hardware is not necessarily required, but will make the PoW for IoT devices negligible in terms of both transaction attachment times and energy usage. The tangle is expected to be running smoothly without the coordinator before any adoption of JINN hardware takes place.
You would have probably said the same about bluetooth chips when they first came out.
Edit: Idea! Hipstercoin - Trinary cryptocurrency for tube amplifiers! Play your vinyl and mine for hipstercoins at the same time!