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Major VR Gaming Platform Reveals Details of Its Partnership with IOTA

  • Alex Morris
    📰 News

    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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Contents

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.

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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.
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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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Crypto Wonders: Binance Coin (BNB) Hits Its New ATH, Surpassing Its January 2018's Peak

  • Alex Morris
    📰 News

    Binance Coin is so far the second cryptocurrency (after EOS) that managed to rebound after January 2018's drawdown


Crypto Wonders: Binance Coin (BNB) Hits Its New ATH, Surpassing Its January 2018's Peak
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After surging by more than 14 percent over the last 24 hours, Binance Coin has managed to surpass its previous ATH that was recorded during the peak of the bull market in January 2018, according to the data provided by CoinMarketCap (CMC). The historic rally was triggered by numerous recent developments inside the exchange’s ecosystem.  

Binance Coin, CoinMarketCap
Binance Coin continues to register double-digit gains, image by CoinMarketCap

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BNB makes history

At the time of writing this article, the price of the BNB token is at $24.65, rising above its previous ATH of $24.46 that was recorded on Jan. 12. Hence, Binance Coin, the seventh largest cryptocurrency by market capitalization, becomes only the second asset to reach a new price peak after the crash of the speculation-driven bull market. EOS, which is sitting one spot above BNB on CMC, achieved a similar feat in May 2018.

‘Binance Coin is outpacing the overall crypto market. While Bitcoin is off 75% from its all-time-high, Binance Coin has recovered. There is fundamental growth and synergy taking place that is contributing to the rising price of Binance Coin,’ says BitBull Capital CEO Joe DiPasquale.

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Pumping other coins

On Apr. 18, Binance launched the mainnet of its custom Blockchain Binance Chain. The migration of BNB tokens from Ethereum to Binance Chain is scheduled to take place on Apr. 23. This is going to be the second largest token swap in history.

Binance, which is now completed with Ethereum, has already on-boarded some Blockchain projects, including Mithril (MITH) that experienced a 70 percent price pump after its launch on Binance Chain.

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