IOTA (MIOTA), Cardano (ADA), and TRON (TRX) continue to climb in a field of green in the crypto sphere today. What’s happening?
IOTA (MIOTA) is currently selling for $2.18, which puts the coin up 16.64% in the past 24 hours.
The IOTA Foundation has announced its participation in the creation of a new mobility industry consortium aimed at developing Distributed Ledger Technology (DLT) standards, pilot projects, and open source software tools. This new consortium is called the MOBI Alliance (MOBI stands for Mobility Open Blockchain Initiative).
— IOTA (@iotatoken) May 2, 2018
The MOBI Alliance, in addition to IOTA, is made up of leaders in the mobility and DLT industry, including Bosch, Groupe Renault, BMW, Ford, General Motors, and ZF.
Why DLT? DLT helps to improve driving safety and affordability, supports autonomous and electric vehicle development and infrastructure, emphasizes ride and car-share programs, and connects mobility participants in a peer-to-peer ecosystem.
IOTA’s role in the MOBI Alliance will revolve around finding ways to use blockchain and DLT to create a digital mobility ecosystem. This digital mobility ecosystem would help make transportation safer, more affordable, and more widely available. IOTA and the other members of the consortium will be working towards a digital environment in which businesses and consumers can securely record driving data, manage ride and car-share transactions, and store vehicle identity and usage information.
You can read more about the MOBI Alliance here.
Cardano (ADA) is currently selling for $0.372434, which puts the coin up 6.03% in the past 24 hours.
Charles Hoskinson released a video last week discussing some of Cardano’s developments and future plans. Included in those plans was the Zen Protocol event in Israel. Hoskinson later revealed that he was also in the country to submit medical papers on Ouroboros Praos, Cardano’s secure Proof-of-Stake (PoS) algorithm.
Ouroboros Praos was submitted to Eurocrypto, an International Association for Cryptologic Research (IACR) conference that peer reviews cryptographic papers. IACR holds a large archive, called e-print, for these papers. Excitingly, Ouroboros Praos has been accepted for the e-print – this is a huge step for Cardano.
https://t.co/w2dcZLzqL8 Ouroboros Genesis is on eprint finally. Read and enjoy
— Charles Hoskinson (@IOHK_Charles) May 1, 2018
TRON (TRX) is currently selling for $0.091311, which puts the coin up 3.14% in the past 24 hours.
What’s causing TRON to grow? Although there were rumors circulating earlier in the week of a potential join-up between TRON and Alibaba, these truly are nothing more than rumors and could be artificially spiking TRX’s price. Alibaba founder Jack Ma has previously stated that he has no interest in becoming involved with crypto.
What is confirmed is TRX being added to CoinTigerEX, a global crypto exchange.
— Justin Sun (@justinsuntron) May 2, 2018
TRX is set to go live on CoinTigerEX on May 4th – so, may the fourth be with you TRON holders, both current and potential.
Featured image: Fotoworkshop4You via Pixabay