IOTA [MIOTA] released a research paper titled ”IOTA Feasibility and Perspectives for Enabling Vehicular Applications” on 29th August, which discusses the possibilities of using IOTA Tangle as an underlying feature to enhance privacy in vehicular applications.
The paper authored by Paulo C. Bartolomeu [DETI, IT], Emanuel Vieira [DETI], and Joaquim Ferreira [ESTGA, IT] speaks about the very interesting Automobile Industry. Over the recent years, the automotive industry has undergone a huge shapeshift from what it originally was. Lately, industries and businesses have started migrating to the ‘much-talked-about concept’, the “Internet of Things” [IoT] where all small and big things referred to as ‘smart things’ are connected through the Internet.
The concept of IoT has been significantly adopted by the automobile industry in the recent past. The adoption brought forward the idea of ‘Autonomous Vehicles’ [driverless/self-driving vehicles]. The transition has been very notable. The paper stated:
“Vehicles became autonomous and (wireless) communications have evolved to provide connectivity with quality of service and flexibility tailored to enable such applications.”
It further explained:
“The future of transport and mobility will surely be enabled by autonomous vehicles encompassing sensing capabilities that can cooperate with each other and share their sensing resources and perspective with the nearby infrastructures and neighboring vehicles.”
In the authors’ opinion, many challenges remain ahead in terms of key aspects like privacy, security, and anonymity. The authors briefly attempt to explain hackings of vehicular systems that have happened in the past. Citing an example from 2015, the authors stated:
“In 2015, Charlie Miller and Chris Valasek have demonstrated that they could take control over the Internet of a Jeep Cherokee’s entertainment system by meddling with the dashboard functions, steering, brakes, and transmission, all from a laptop that could be anywhere in the world.”
Furthermore, the emerging blockchain technology can propose as a new security solution that complements the existing ones. The authors stated:
“Over the last few years the blockchain technology has managed to attract immense attention due to its intrinsic properties such as trustless operation, immutability, transparency, easy verification, cryptographic security, auditability and independence of third parties.”
According to the research, an increasing number of applications are adopting blockchain technology. However, an increase in the use of blockchain technology has brought many concerns like the reliance on the private key, high computing power, latency, bias towards nodes. Here, the authors bring in IOTA’s Tangle as a solution.
The authors attempted to analyze IOTA’s feasibility through a globally set up analysis and then observe the result of the experiment.
The experiment used a basic test setup using two nodes [NodeA], hosted in Norway, and a private node [node B] hosted in a Virtual Private Server [VPS] in Germany. The latter was connected to the Tangle network using the CarrIOTA Nelson project. The authors aimed to identify key operational performance parameters. Parameters like latency and privacy were put to test.
The paper concluded that the IOTA Tangle exhibits smaller transaction delays than the existing public blockchain, making it an ideal candidate for vehicular applications. The authors also came to a second conclusion stating that it also supports enabling of privacy in vehicular communications with no or negligible latency overhead.
The use cases of the IoT based blockchain has spread its wings in the recent weeks. Earlier this month, the Japanese tech giant Fujitsu announced that they will be rolling out IOTA as their new protocol standard.
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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.
Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.
In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.
According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,
Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.
Cobra replied to the tweet stating,
“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”
Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,
“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”
Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,
“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”
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