IoTW is a cryptocurrency that stands for Internet of Things World. It is specifically designed for the Internet of Things (IoT) industry. IoTW aims to create a decentralized ecosystem where IoT devices can communicate and transact with each other autonomously using their own native cryptocurrency.
The purpose of IoTW is to enable micro-mining on IoT devices, where these devices can autonomously generate cryptocurrency tokens through the Proof of Assignment (PoA) consensus algorithm. This approach allows IoTW to use minimal computing power and resources, making it suitable for resource-constrained IoT devices.
IoTW aims to solve various challenges associated with the IoT industry, such as lack of standardization, scalability, security, and high costs. By integrating blockchain technology and cryptocurrency, IoTW aims to provide a secure and scalable ecosystem for IoT devices to interact and transact.
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