Google deal with Chainlink {LINK} proceeds as IOTA {MIOTA} teams up with STMicroelectronics

By July 25, 2019 Altcoins
Click here to view original web page at ourbitcoinnews.com

Chainlink is ranked at #16 according to the latest data obtained from coinmarketcap. The price of LINK ascended by 4.54% in the span of the past 24-hours. The total market cap of Chainlink is $866.615 million. The trading volume recorded is $80.927 million. The circulating supply houses 350,000,000 LINK tokens for now.

IOTA comes right after Chainlink on the table. The total market cap of MIOTA is approximately $861 million, which shows how closes these two altcoins are for now. The price of MIOTA stands at $0.309722, after a jump rate of 7.30% was noted. The trading volume recorded is $14.709 million. The supply has 2,779,530,283 MIOTA tokens in play.

Both these tokens are non-mineable. The decentralized oracle service [Chainlink] has a partnership with Google, which was revealed during the previous month. I believe that this played a crucial role for LINK shooting up through the ranks and landing among the top 20.

In a blog post by Google, they report “how a specific smart contract platform (Ethereum) can interoperate with our enterprise cloud data warehouse (BigQuery) via oracle middleware (Chainlink).”

The post states in order to get data from BigQuery, a dApp requests the Chainlink oracle contract and payment for the parameterized request is included [Example: gas prices during a specific period]. One or more Chainlink nodes who are to check for such calls will execute the operation [just 1 node will be responsible].

In order to speed up adoption for Internet of Things (IoT), IOTA partnered up with STMicroelectronics. As a result of this, IOTA Tangle will be implemented into ST’s STM32Cube software for the STM32 32-bit MCU ecosystem, the X-CUBE-IOTA1.

You can watch the video posted by the IOTA Foundation on YouTube detailing the latest deal:

These two are battling it out in the market, with IOTA looking to overtake its competitor. This remains to be seen, as the volatility present may shift at any instant.

Leave a Reply