Internet of Things Virtual Currency: Benefits and Challenges


How to use virtual currency in the Internet of Things?

2023-06-01 17:45

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The Internet of Things (IoT) virtual currency refers to a type of digital currency that can be used within the IoT ecosystem as a means of exchange for goods or services. This type of currency is held in digital wallets and can be transferred between devices or users with the use of IoT technology such as radio-frequency identification (RFID), blockchain, or machine-to-machine (M2M) communication. The purpose of IoT virtual currencies is to enable more efficient and secure transactions within the IoT environment, as well as provide an additional revenue stream for IoT service providers. Examples of IoT virtual currencies include IOTA, Atonomi, and Waltonchain.

Release time 2023 06 01

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