BitCrystals BCY to IOTA MIOTA Exchange

Crypto Pair Details: BCY to MIOTA

BitCrystals BCY

BitCrystals are Counterparty assets which acts as game currency for EverdreamSoft’s upcoming mobile game Spells of Genesis (SoG) and trading card game Moonga. BitCrystals come about because the game creators believe that players should be able to keep their game assets outside the control of game developers' databases and like a normal economy, allow for free trade of the virtual goods. There was a crowdsale of the BitCrystals token where 70% of the 100 million total tokens were made available for purchase. The remaining 30% were given to early supporters and contributors. All unsold BitCrystals were burned on October 2015. A total of 974.13 BTC was raised during the crowdsale.

IOTA MIOTA

IOTA is a distributed ledger for the Internet of Things. The first ledger with microtransactions without fees as well as secure data transfer. Quantum proof. IOTA is a ground breaking new open-source distributed ledger that does not use a blockchain. Its innovative new quantum-proof protocol, known as the Tangle, gives rise to unique new features like zero fees, infinite scalability, fast transactions, secure data transfer and many others. IOTA is initially focused on serving as the backbone of the Internet-of-Things (IoT). IOTA is a cryptocurrency that has no transaction fees and requires no miners in order to process transactions. It does, however, require some computational power to submit a transaction, making it perfect for machines to use as a currency and distributed communication protocol for the Internet of Things “IoT”. The main purpose of IOTA is to solve some of the major problems with Blockchain technology, the main one being that the bigger the Blockchain (such as Bitcoin), the slower, more expensive, and also more restricting it is to actually transfer funds. Another issue with the Blockchain is size, as more and more Blocks are added, the longer the Blockchain gets, and therefore the less amount of computers are able to mine it. Right now BTC is over 150GB long, and so is ETH. If this size increased tenfold, very few computers would be able to mine it at all. Making them relatively centralized (the top 2 Bitcoin mining pools own about 56% of hashing power).

SOURCE: COINGECKO

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