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IOTA Asks Users for Ideas of Spontaneous Innovations to Support Best of Them

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  • Yuri Molchan
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    IOTA spreads the word encouraging its community to share ideas on the IOTA protocol development for climate change and support sound innovation from its members

IOTA will choose three best innovative ideas from the community to develop in the future
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IOTA is encouraging its community members to come up with ideas on further IOTA development and its participation in climate action to build the future of the environment together.

IOTA’s participation in Climate KIC 

A while ago, IOTA announced its participation in the event to do with climate change – Climate KIC. The team plans to break the traditional model of short-term decisions harming the distant future of the environment and asks for ideas from its community to present a different concept – how the IOTA protocol can help preserve and improve the environment in the future – that is about consumption, goods production and other related topics.

IOTA’s blog post says:

“We aim to do this together with innovative thinkers from within the IOTA community.”

“We want to invite you to get concretely involved in designing experiments that have the power to shift entire consumption, production, or investment systems toward more forward-looking decisions and actions.”

IOTA seeks innovative ideas

IOTA wants to collaborate with active community members, listen to their innovative ideas and support them.

“In service of this vision, we want to support spontaneous innovations from our community that create the future by simply building it.”

“We want to get a better feel for the ideas and sentiments in the community and explore how IOTA can become the backbone of a sustainable, long-term society.”

The blog article sums up that IOTA wants to find innovative solutions that would help to save planet’s ecosystems and improve human livelihoods.

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IOTA’s questionnaire

IOTA has created a small list of questions and is expecting the community to answer them, as well as offer their innovative ideas.

The IOTA team will consider and evaluate all the proposals and will choose three best. Their authors will get invited to a workshop set up by IOTA in Berlin in early December.

There the creators of the ideas and the IOTA team will work on them to see how they can be developed and applied in the real world.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Fees Could Exceed $100 in 2020: Blockchain Capital

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  • Alex Dovbnya
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    Bitcoin could hit a new all-time high with network fees exceeding $100 in 2020, according to Blockchain Capital

Bitcoin Fees Could Exceed $100 in 2020: Blockchain Capital
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Blockchain Capital's Spencer Bogart has recently published a list of 2020 predictions for cryptocurrency predictions. The most remarkable one concerns Bitcoin fees that are expected to surpass $100 next year due to the growing demand for transactions.

Back in December 2017, during the heyday of crypto, the average Bitcoin transaction fee increased to $55. As of Dec. 12, 2018, it is just at $0.52, BitInfoCharts data shows.    

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Bitcoin blast past a new all-time high 

According to Blockchain Capital, Bitcoin is set to experience another price rally in 2020 that could push its price above the current all-time high of $20,000. However, it is very unlikely to touch reach $1 mln (sorry, John McAfee).  

The crypto community expects the BTC price to skyrocket because of the upcoming halvening after the enormous returns of the previous two events. This time around, the reward for each mined coins will be decreased to just 6.25 coins. 

As reported by U.Today, the famous stock-to-flow model, which measures the coin's value by determining its scarcity, would be invalidated if Bitcoin didn't surge past the $100,000 mark before December 2021. 

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Privacy coins get delisted 

In the meantime, Blockchain Capital suggests that 2020 is going to be a tough year for stablecoins. Major exchanges could be forced to delist the likes of Monero (XMR), Zcash (ZEC), and other anonymous cryptocurrencies due to growing regulatory pressure. 

The writing is already on the wall. ZEC, which recently reached a new all-time low, was delisted from Coinbase UK back in August. In October, OKEx Korea moved to delist all major privacy coins but later decided to review its decision.     

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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