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Major VR Gaming Platform Reveals Details of Its Partnership with IOTA

Mon, 01/21/2019 - 17:32
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Alex Dovbnya
Paracosm explains why IOTA became its number one choice out of all other projects on the markets
Major VR Gaming Platform Reveals Details of Its Partnership with IOTA
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Paracosm is a VR game and game development platform that was presented during DevGAMM, the biggest conference of industry professionals in Eastern Europe. In a recent blog post, the Minsk-based startup explains why and exactly how they are going to the use the IOTA technology.

Public IOTA Launches Alpha Version of Tangle Universe

An unlimited number of transactions  

Despite the fact that there is a slew of gaming cryptocurrencies, Paracosm chose IOTA and the Tangle in order to disrupt the VR sector. First, they emphasize the project’s scalability. In theory, IOTA will be able to handle an unlimited number of transactions per second once the Tangle is complete. Creating cross-reality games also requires IoT (Internet of Things) solutions, and it’s worth mentioning that IOTA is not an ordinary cryptocurrency – it’s a new ecosystem of IoT.

Decentralization is the key

As an open-source project, Paracosm Platform is an open-source platform that avoids centralized governing bodies, so IOTA seems like a perfect match. Just like many other Blockchain 3.0 projects, IOTA is only decentralized in theory when coordinators, who are currently working to prevent a 34 percent attack, will be removed.

Quantum-proof Tangle

Speaking of the future perspective, the startup also states that IOTA is currently the only system that could survive the rise of quantum computing, which is generally seen as an existential threat to Blockchain. IOTA is particularly known for its Quantum-proof Tangle, which one of its main competitive advantages that allows it to stand out among Bitcoin, Ethereum and other Blockchains.

A win-win situation

Meanwhile, the partnership is also hugely beneficial for IOTA given that it represents a major use case. On top of that, Paracosm is the first client to utilize final IOTA protocol.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with 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, can be contacted at