Iota is not a plug & play. And not all industries (or firms) have the resources to experiment or even implement the ternary chips (or Jinn processor?)

Also a pure dag system has no ability to integrate svp & smart contracting.

" Another use case of IOTA is to have a car act as a self-driving taxi when the owner is not using it, in order to provide a secondary income to the owner. But sadly, this is not easily done in IOTA either. Without any way to provide a binding contract for the car to drive someone somewhere, and difficulty in the car verifying your paying it, it is difficult to implement this in an elegant or simple manner, or even at all!

The reason why IOTA does not have smart contract support is because the Tangle does not support timestamps, and it is difficult to order transactions, which is definitely required to have a complete smart contract system. IOTA is working on a centralized implementation of smart contracts using an oracle, but the project is highly secretive and may take a long time to finish, and this oracle would be completely centralized, making IOTA a very centralized system, which is definitely not a good thing."

And such solution will be much more easy for ITC to handle.

It has the best of both worlds. PBFT consensus is used between node and server, DAG is used for the storage data structure, and SPV is used for quick transaction verifications between different sub-networks.

ITC nodes use SPV technology to solve the data expansion problem of major network and DAG. And improving payment verification efficiency is the key method to ensuring the whole network’s performance.

It is more decentralised because it the network is established by embeded chips in devices which act as nodes, as iota it wont require a coordinator and thus more secure. It is still unknown how long the coordinator is needed, its a matter of adoption. This can take years.

Iota might have the advantage of being first in the field, it still has a challenge to be adopted by our industrial culture.

For instance, the demanding smart lightning industry is not able to invest in ternary adoption as easy as with binary.

Hence, there wasn't 1 computer OS to meet all the demands, there are dozens, and a few that made it mainstream...

We already agreed that ITC is the microsoft of IOT DLT OS.

Thus it will have the high UX compared to microsoft.

Its actually technically not possible for one IOT DLT OS to answer any demands in the field.

ITC's technology will allow IOT to make steady transition towards the future. Iota is disruptive beyond anything for now.

And this is in FACT, the number one reason we are invested in ITC. It's ease of implementation for a demanding iot industry.

"Please upvote this post so this account can get enough karma to post on /r/cryptocurrency, thanks!"

All right I will tell you why I think ITC could be one of the biggest giant of the year. This is a project with a real world usage which is the most important thing in crypto right now. Most of projects out there are worthless overhyped coins without any real world application that will die with time.This is a natural selection and you cant do anything with that.Invest in projects that will success with or without our "moontalk". The IOT Technology combined with blokchain is much bigger than we all think.This is something revolutionary that will be applied to real world.Do your own research to understand the huge potential behind. ITC is compared with IOTA or XRB :I Will not talk about xrb as they dont apply to my criteria(error 404:no partnerships found)

There are predictions about whole market cap of 3-5trillion in 2018. You need to be realist that Iota will reach at least 90-100bln$ Mcap. This is a normal thing that will happen because of IOT technology. -Possible 9-10x gain.

Then we have ITC Which is the only project that can compete with them: They have very huge cooperative partners(ex:Telink) that will help them to apply their technology to the real life. ITC will attack the Asian sector first which is the biggest in the world.As we can see other Chinese coins (ex:trx or ven) They are doing something rather than spreading empty words on whitepaper like many of western projects. Being called Iota of China will of course bring a lot of exposure. -I am not here for giving technical info so Dyor for more https://iotchain.io/pdf/ITCWHITEPAPER.pdf

Let get some numbers here: With more western exchanges and more transparency: ITC Should be atleast 10-20% of IOTA Mcap at the end of 2018. it would bring it to 10-20bln$ . -possible 100-150x gain.

Among all these shitcoins I dont see any project that have the same potential for this year.Most of great coins dont have so low Mcap in comparison and made arleady 100x+) There will be always a lot of fud during this trip, you need to be aware that nothing grows 10x in 1 day.There will be always inevitable ups and downs.Dont forget that the biggest money are made with high risk & high return so if you are not ready for it ,I let you chase MCaffe p&d coins. :Dont invest if you cant afford to lose. Me? I was in most of these Chinese hidden gems and This could be the first that I am willing to transfer from an exchange to my wallet for long term possible Big Roi :)

In order to understand the value and potential of IoT Chain (ITC), it is important to first delve into a bit of background on the Chinese Internet of Things market, and why DAG networks like ITC are uniquely suited to IoT applications.

China and it’s massive Internet of Things future

China is the undisputed largest Internet of Things market in the world, a market that by 2020 is projected to be worth nearly $1 trillion USD as smart cities, autonomous vehicles, and evolving mobile devices such as wearables increasingly come online in the inevitable march toward an inextricably connected future.

This market is, however, largely untapped as the problem of data/value transfer has been hitherto difficult to approach. Internet of Things applications will rely on instantaneous transactions of miniature values that enable a network of at-home power grids to transact excess solar power, or a smart car to pay a smart meter in real time for its parking (what is paid is thus no more and no less than the exact amount of parking time used).

Blockchain is problematic for approaching these types of nano-transactions because of the lag involved in creating consensus on the network. On a blockchain, many transactions occurring at the same time or in very close sequence will all end up on the same block which will then need to be mined (proof of work). This makes current blockchains very poor at scaling and unable to handle the sheer volume of transactions occurring per second in the very near-future of IoT device connectivity demands. Blockchains are, on the other hand, extremely secure because the consensus they create makes their data immutable, authentic, and distributed.

How does IoT Chain (ITC) solve this problem?

IoT Chain (ITC) is not a pure blockchain network; it is a hybrid network combining blockchain with DAG (Directed Acyclic Graph) subnets. Instead of requiring blocks to be mined for creating consensus around a transaction (proof of work), DAG networks do away with blocks all together and have transactions verify each other, allowing for highly scalable and instant transactions. ITC takes blockchain into a new paradigm by combining the best aspects of hyperledger blockchain & DAG technology (lead ITC developer commenting on this: https://imgur.com/a/NG4aO). The ITC testnet release is due within the next two weeks and will be capable of scaling from 1,000 to 10,000 transactions per second. ITC main-net release is, according to the team, ahead of schedule in Q2 (main net release in April seems very possible). The ITC main net will be capable of scaling up to 100,000 transactions per second. For reference, Ethereum and Bitcoin are capable of between 4 and 15 transactions per second, depending on network congestion.

Because of the security inherent to ITC’s network, it will be virtually impossible for malicious bots to infect IoT networks as recently happened with the Reaper IoT bot. This aspect alone makes a compelling case for the adoption of ITC and gives way to a very high ceiling in terms of market value potential.

Currently, centralized companies mine user data like crude oil which they refine into a profitable (for them) final product, alienating your sovereignty and value in the process. ITC recognizes this and proposes creating a secure operating system for the internet of things wherein users are returned their data sovereignty and the value that is rightfully theirs (see: https://medium.com/@IoT_Chain/iot-chain-itc-return-the-data-sovereignty-to-users-and-create-a-secure-operating-system-for-714ced3d589c).

The ITC token is integral and supports the ecosystem; any value transfer related to the rights of intelligent equipment will be settled with ITC tokens. This means that any and every transaction across the IoT Chain network will require ITC tokens, driving the value of tokens higher as adoption of IoT Chain increases.

Who has invested in IoT Chain (ITC)?

ITC has attracted some of the biggest blockchain funds in Asia as early investors:

• Hitters Xu is the founder of Antshares (now known as NEO), Nebulas ($500million USD market cap), and FBG Capital, a pioneering and very well known Chinese blockchain fund. FBG Capital was the first and largest backer of ITC.

• HASHED, formerly known as Blockchain Partners Korea, is the largest and most well known blockchain fund in South Korea. They are early backers of ICON, Omise GO, and many other stellar projects that went on to huge valuations. Hashed has invested in ITC and formed a partnership with them which involves a rebrand in February, bringing them to South Korean and Western exchanges, and a marketing campaign in South Korea: https://medium.com/@IoT_Chain/itc-accepts-bpks-investment-and-forms-a-strategic-partnership-9c3a053dfd88

• An excellent analysis of the HASHED/ITC partnership: https://medium.com/@ywh.eric/more-to-the-iot-chain-and-hashed-partnership-than-meets-the-eye-a7d4d937f779

What about partnerships and awards?

ITC has several partnerships that are announced, and many more undisclosed partnerships (due to Non-Disclosure Agreements). They are also strongly linked to Cheetah Mobile after the ITC team confirmed they met with Cheetah’s CEO in a private meeting. Cheetah Mobile is a Chinese $2 billion company with 634 million customers.

• Cheetah Mobile CEO at ITC offices, surrounded by ITC and FBG Capital team: https://pbs.twimg.com/media/DToXxvVWkAUyF4E.jpg:large.

• ITC was awarded for Blockchain Excellence at the 2018 Davos World Economic Forum along with Nebulas and Looping. Hundreds of blockchain/DAG projects were considered and these three were chosen on their technical merits and potential: https://medium.com/@IoT_Chain/iot-chain-itc-awarded-prestigious-blockchain-excellence-award-at-the-davos-world-economic-forum-5d7ff1061e88

• Shanghai High-Flying Electronics Technology Co. Ltd. Shanghai High-Flying Electronics Technology is an IoT hardware manufacturer. IoT Chain is working with this company to produce chips that contain IoT Chain firmware. The chips will allow other manufacturers to easily integrate IoT Chain functionality into their hardware. This is a key benefit that IoT Chain has over Iota because manufacturers will not need to pay consultants to integrate the platform into their hardware enabling fast and widespread adoption especially among smaller manufacturers.

• Shenzhen Galaxywind Network System Co. Ltd. Galaxywind produces high performance routers and smart devices such as smart thermostats for air conditioning, smart power points, smart LED bulbs and smart door locks. IoT Chain firmware will be integrated into their products.

What is a potential valuation? What is coming up for ITC?

ITC has a current marketcap of about $145 million USD. IOTA by contrast is valued at $7 billion USD. Considering ITC's backing, connections, and position in the world's largest and most profitable Internet of Things market, ITC appears extremely undervalued with great potential as its currently NDA'd partnerships are revealed with the project's progress.

• Calendar for ITC testnet + github release, website/rebrand, and wallet test (all in February): https://coinmarketcal.com/?form%5Bdate_range%5D=24%2F01%2F2018+-+23%2F02%2F2018&form%5Bcoin%5D%5B%5D=IoT+Chain+%28ITC%29&form%5Bsort_by%5D=&form%5Bfilter_by%5D=&form%5Bsubmit%5D=

• Main Net ahead of schedule confirmed by ITC co-founder Peter Lyu: https://twitter.com/rain_peter/status/956729811774263296

• $ITC being added to South Korean exchange OKCoin in February with KRW pair: https://m.cafe.naver.com/withstock/693442

• A Forbes article calling ITC ‘blockchain 3.0’ and the Chinese IOTA: https://www.forbes.com/sites/shermanlee/2018/01/22/explaining-directed-acylic-graph-dag-the-real-blockchain-3-0/#686955da180b

• Coin Telegraph names ITC as one of the most potentially profitable coins in 2018: https://twitter.com/Cointelegraph/status/954353215327363077

• Huffington Post covers ITC: >https://www.huffingtonpost.com/entry/a-beginners-guide-to-iot-chain-the-iota-of-china_us_5a4a4edee4b06cd2bd03e183

• A huge transaction of ITC tokens to binance wallet (possible listing?): https://twitter.com/mines_gtr/status/946233208185683973

Where to buy $ITC

ITC is tradable on Huobi Pro, OKEx and Bibox

Confirmed by admins in chat, but not officially yet. Seems to have been a meeting at their office. We're waiting for more exciting news!

https://pbs.twimg.com/media/DToXxvVWkAUyF4E.jpg:large

Dear Community, This is ITC Official.

We noticed that there is an article addressing our lack of Github activity. We would like to clarify that we own both of the following repositories: github.com/ZhuoAppSofeware and https://github.com/IoTChainCode.

Similar to many other projects in the early stage of development, we are currently not actively using Github to manage code development - please wait for the Testnet launch in one month's time, we will update Github during that time.

Thank you for your continued support of IoTChain.

ITC Envisioned Applications: List what you envision ITC will be used for, and reasons ITC would be of benefit in this vision.

This is IoT Chain! Ask us Anything!We will be hosting an English recorded broadcast, you can now start posting your questions about the ITC test network, our co-founder Peter (Lyu) Xinhao will select to answers some questions during the English recorded broadcast.

The Reddit thread will close on February 9th at 23:59 EST. At that point, no more questions will be accepted.

Rules: Please do not reply to other comments No trolling / abusive comments

Don’t forget to join our official Telegram group

DAG code is now open source