yo yo yo what is up everyone it's your boy krypter back added with another
review today's review is going to be at an ICO called IO Tex I'm going to
summarize what I oh text is about gonna do the pros the cons give it a rating
and in between that we're actually going to go through the white paper so let's
start so IO tags right here here's the website I'll touch that I oh it says
connecting the physical world block-by-block so it is an Internet of
Things type of deal we're talking about you know iota ish kind of scale so let's
take a look at it decentralized network for Internet of
Things that's what their main objective is here so let's see powered by privacy
centric blockchain and it's just gonna summarize a little bit of what I ot is
is saying despite its rapid evolution IOT is still far from reaching mass
adoption and lacks killer applications that will draw new users to the
ecosystem due to issues of what is it low scale ability high operating cost
privacy concerns and lack of functional value IO Tex is tackling this problem by
introducing token economy into IOT so I'm not going to read the whole thing
but that's what the summary of Iowa tax is this short summary all right
the website looks great you know very clean the green you know highlights here
black or dark gray background it looks awesome
anyways let's see IO tax innovations so here are the innovations of Io Texan
when it comes to the Internet of Things so fast consensus they're actually
telling us or Raveena's as our DP OS support millions of nodes with instance
finality and no latency environment-friendly designed for IOT
another built in privacy preserving techniques maximize privacy with
innovative crypto schemes like lightweight stuff address and cuz
constant size ring signature autonomous device coordination decentralized
autonomous organization of IOT code is law for the robot world blockchain and
black chains like plasma pull States after route chain to further boost
privacy scalability and interoperability and a very innovative cross chain
transmitted to transfer us just springg of value and data so we look at the i/o
text architecture here is the route chain these are the sub chains so the
essentially the route chain is going to be it's going to be public chain anybody
can access it so and the sub chains will just be here
just dab down the sides and then there's another sub chain here you know just
showing you a whole host of things that would be able to do you know smart
contract here these are the things that are supposed to be done I mean I'm not
too sure what I was supposed to be doing at this point right now I don't think we
have to tech to actually fully utilize IOT but still endless is a very good
idea alright so constant size ring structure
ring range proof using bulletproof cross chain transfer of value and data blah
blah blah blah ok here's the idea okay so here's the use cases the use cases so
we use them in autonomous cars
autonomous cars here's Bob someone a car for riding autonomous vehicles sub chain
is here and then the cars will be anchored and the date then data will be
logged and here's a route chain and after boot chain we have checking a bit
on vehicles software negotiation and purchase power schedule for car
maintenance know that stuff so cars supposed to be autonomous sharing
economy sharing economy such as uber you know Airbnb TaskRabbit
you know all these middlemen things that could actually be bypassed so
nice little chart if you get a chance please go to the website and check it
out and guys please know this this is not a financial advice no one on YouTube
can give you financial advice when it comes to I I cos i ce o--'s are very
very risky so you are taking a risk by getting a you know participating in i co
you can lose money and there's just no guarantee so that's why research is very
key read the white paper please read the freakin white paper smart homes just a
host of things that can be done with io tax even IOT in general so what do we
have we have a Yoda we have iot chain that's some similar
products and you know that's an actual little summary I did so Iowa Tech's
essentially want to become a privacy centric scalable backbone of IOT that's
a very very very ambitious project so instead of trying to connect all IOT
nodes like IOT iota and I was IOT chain are doing they wanna consumer chain they
aim to separate duties and does interacting with different groups of
nodes so they actually are aiming to really dedicate you know duties and
tasks on different nodes so they don't want to do it all on one node I mean
that would be the dream to do it all on one node but that is currently
impossible because of you know scalability just be too congested if you
can't really do anything I'm watching so the IOT world is currently comprised of
heterogeneous nausea both of which are weaker and stronger in terms of
computational power so okay since both weaker and this is actually
straight from their white paper since both weaker and stronger nodes can
essentially do the same task Iowa tax only aim to use the weakness because
they could actually preserve computational output that means saving a
lot of money on power you know any power consumption is gonna be a huge issue
before the blockchain and the best way will be to just be efficient you know
just like when cars come at first you know they were very they're gas guzzlers
and all of a sudden they initially they kept scaling scaling scaling and
improving the tech behind it and making more gas efficient so it's going to be
the same thing like the project that is going to be that's essentially going to
actually be the project to you know have the lowest cost of running it you know
with all the black paint project is going to essentially be the one that
survives in the future you know Bitcoin is very very expensive to run they
concern I've been taking day they consume a lot of power I think it was
sometime last time I read about a Bitcoin they said they consumed about
what Ireland or Northern Ireland or one of them consumes in a year so we just
fucking nuts here's another diagram of the structure
here's the route chain again you got the little sub chains on the side you know
Tanima scars smart homes and all this crap is on there so before I go into the
pros and cons I want to go back and talk about the white paper definitely alright
so white paper
so here is the introduction of IOT guys please read white paper I highly
recommend it and any project if you're gonna invest money in it
you're taking a risk don't ever ever ever listen to what youtubers or other
online gurus are telling you you have to go and do your own research so please
make sure you do that that's one way you're not gonna play yourself
alright so Internet of Things scalability problems lack of privacy
this is just talking about the problems right now obviously scalability is one
problem lack of privacy you know and it was the third problem your lack of
functional values most existing IOT solutions lack meaningful value creation
as in that's just right now but blockchain solves a problem here's
ingredients of blockchain not a lecture on blockchain benefits and challenges of
blockchain and IOT all right so yeah the by night fall Thomas transparency
ability is yes yes yes yes let's go no silver bullet
blushing exists okay so it's a this mission above IOT is a universe of
heterogeneous systems and devices with different purposes and capabilities it's
impossible to find a silver bullet blockchain solution that suits most
scenarios so for so yeah they're pretty much saying
there's no silver bullet so that's why they all have to work on getting the
best one on so yeah related work we have iota we have a chain and then H tags I
don't know what H stack is honestly it's saying that is there's another recently
proposed black chain for IOT in Korea which is part of a tonday so as I'll be
interested to find out one yeah be interesting to look at what every one of
more more information becomes available no far h stack I don't know if it's
talking about high cool there's one that's behind con but I don't think
that's the one you're talking about there's another Korean uh black chain
infrastructure is coming yard so here is di o Tech's design and architecture
overview so we have the separation of duties that we talked about earlier
Occam's razor which is each block chain has different user janilla and
applications and should be designed and optimized towards different directions
for example a blocking that is dedicated to relaying transcription between as sub
chains does not need to have a turning complete contract running on it another
block chain that connects device in the same okay
don't the fuck that means all cars racers everybody like a texture texture
architecture so yes another image
so yeah as you can see the the white paper is very technical it's pretty much
telling you what they're trying to achieve I'm pretty sure most of you will
not really read through and go through every freaking mathematical calculation
but it'll be it still be beneficial to look at and just know that that's
actually a legitimate project so I'm trying to find out if there's actually
and
it's actually very interesting delegation for the steak
so they're kind of comparing you know
all their blockchains to other current existing was dedicated proof of stake
like yes like a OS and liske DPOs this is a practical by nightfall tolerance
was proposed by Castro and bla bla so the plan to use pbft for the underlying
voting algorithm of our DPOs consensus mechanism other cryptocurrencies using
pbft include stellar lumens and z0z lack of yield actually just came out recently
so very good project that actually was done about 15 of 20 extra I see ok it's
more technical stuff alright so here's what we are actually interested in no
token on the IO text network the native digital cryptography secure talkers of
the eye attacks network is a major component of the ecosystem so here's
another fact our test will be my Nobel for 50 years with the Wars of the mining
reducing over time based on linear gradient reduction module part of the
network because in the absence of our tax this is the coin there would be no
carbon unit exchange to pay for those costs thus rendering the unsustainable
yes no shit Sherlock a particular is it not refundable cannot be exchanged for
cash or is to cover the value in any other virtual printer okay
you know doesn't just talk about to use my homes management okay so we're not
interested in this let's just go back to the website and look I'm actually trying
to see if there's an MVP let's see and then we're gonna talk about the team
before after this let's see here's the roadmap kickoff research on lightweight
privacy-preserving techniques for black chain white paper writing that was in
August of 2017 design a prototype of key components okay here we are
2018 April of 2018 is when the test net preview launch and the lightweight
crypto preview launch test net bait all that stone color enjoy so that I've
forgot to disclose this earlier guys but there's no dates we don't have any dates
right now for when the tokus are gonna be on sale you know what kind of sales
going to be for as far as IC o---- go so still really early in the game so that's
why I like bringing these things early to you guys I want you guys to have time
to look into the project study it and decide if it's this is for you or not
you know I'm gonna give it a rating at the end but that's just very subjective
I'm literally giving you a rating based on my research and what my preferences
when it comes to our you know IC o---- projects and this is an infrastructure
projects are always interested and please guys you know discuss further I
wouldn't hear what you guys have to say about this if you agree with me or not
if blockchain infrastructures are the best things to investor right now so
please like comment subscribe or even share alright okay alright one thing
before we go let's look at the telegram actually I've looked at a telegram group
it's pretty hyper nothing there's about 55,000 people on it as of this video
recording alright let's talk about the team
so Robin chai so here's one of the weird thing I couldn't find these guys on
LinkedIn so we're just gonna go off of what this is on their website all right
co-founder Robin chai or chief China started from like butchering your name
buddy okay he's a PhD a research scientist in cryptography at the
University of Waterloo head of crypto R&D at uber there's a head of okay so
there's crypto R&D at uber okay security engineer at Google eight plus years
experience in cryptography and blockchain wow that's very impressive
security engineer at Google and as a co-founder PhD machine learning computer
vision at National University of Singapore engineering managing research
scientist at Facebook ok growth hackers startup investor Wow he got some really
good looking teams I hear LED 40 plus investments and innovations security
capable director there's no company experienced on their senior engineer a
Bosch research 14 years of research and industry experience and information
security in crypto publications all right very impressive the team is very
impressive guys right Dustin Z yes I wish I PhD another PhD at USC 12 years
of expertise in distributed system content protection hardware video
acceleration and temp and senior software engineer at Microsoft
specialize many teams are just looking really good really really good yeah so
the team's background is Facebook Google Buber Intel Bosch
you know most went to University of Waterloo that's probably where they met
this is Stanford University graduated USC so I mean it's looking really good
and as far as their advisor school here advisors
let's see it was reported in Canada top scientists and cryptography and
lightweight cryptography ad hoc network and radiofrequency security all right
let's see founding okay so this guy's definitely superstar here
Jack Lee if they just have part of ACM Capital Fox and Technology Group Wow
co-founder executive director of Change finance founding partners these guys are
superstars as far as advising go they get the full
mark and here are some of their investors so hold the stuff they got
draper dragons or Tim Drake with company Wow very impressive very impressive guys
this is a very impressive team like I mean for a an ambitious project like
this you know when you're trying to literally build something like this
especially an IOT project you'd need a very good team and I feel like this team
coupled with the help of the advisors I don't think they'll do great alright so
let's go back to the pros so like I said earlier I'm just gonna highlight this
fantastic team okay comparable to iota cuz they're some of
the products in our chain and there's a lot of hype which is always gonna be
good you know especially early on in the game
right now before they even they've even announced any token metrics or anything
for that matter cons since this early we're gonna have
to dock that so no token metrics data as of now no minimum valuable product or
test net as of now alright alright and you ready right now I'm just gonna go
into the ratings and actually give you a rating all right you see just closed it
all right let's make this official so I will give this a 4.0 out of 5 okay it
would have gotten a lot higher mark if they had some sort of a demo but since
they don't have a demo I had to deduct a little bit of points
but I know that they're gonna release the demo according to their roadmap the
demo was supposed to come out before the the talk itself so if the talkin cell of
the you know prototype goes up before toca sells then this would not make it a
whitepaper project but as of now this is definitely a whitepaper project so it's
a 4.0 ice please check it out and let me know what you think comment below and
let me know what you think because I'm very interested to hear what you guys
say I'm always I'm always reading your comments you know I always like the
interaction we've been getting and then it's a very strong team and I would love
to hear your your take on this so and that note guys please subscribe like and
comment below and if you have any other oh by the way let me do a little
shameless plugging please follow my Twitter account I'm posting regularly
when a video is up or when I'm about to post a video are usually you know engage
in like interactive tweets just to see what the community wants and I also have
an Instagram page all that is gonna be below in the description so make sure to
check that out but uh I always guys crypt or out peace
For more infomation >> Nextbit Robin Cloud Smartphone Review - Duration: 2:10. 
For more infomation >> Maybelline Age Rewind Concealer(Review)|Misha Khan - Duration: 3:50. 
For more infomation >> NGULEK SAMBEL DI KFC #KOLABORAHITS REVIEW GOKIL KFC SALTED EGG #RADITYADIKA - Duration: 1:00. 
For more infomation >> #35 - AOSOM Bike Trailer Review | Biking With Panda - Duration: 3:13. 
For more infomation >> DOJ review expected to criticize Andrew McCabe - Duration: 1:18. 
Không có nhận xét nào:
Đăng nhận xét