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Silkos and IOTAby@SilkosSLK
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1,833 reads

Silkos and IOTA

by SilkosOctober 5th, 2017
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Silkos is discussing to implement the tangle technology of IOTA into their blockchain business development Technology. A Online encrypted marketplace.
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Silkos is discussing to implement the tangle technology of IOTA into their blockchain business development Technology. A Online encrypted marketplace.

Since the start of the past years we can’t avoid digitalising everything we did analogue. And since last year we can’t avoid digital currencies, so that’s why we want to combine it. With our new and simple technology you can easily pay with your crypto currencies. It will on demand switch to fiat or stay in it’s value for the seller or buyer. That makes it easily adaptable in the online market and can profit both sides.

Silkos is trying to find possibilities to implement more then the blockchain as we know it. They want to take it next level and starting with offline payments and introduce the tangle technology into the marketplace. That would mean that you can buy services and goods with for example you IOTA tokens. In the platform there will be a possibility to switch to the IOTA node tangle network and make your purchase from that network.

Silkos is the decentralised version of Ebay and Amazon. They are already working since 2015 on a platform to connect buyers/suppliers within the crypto currency community.

Unlike bitcoin, ethereum, and litecoin, IOTA transactions are extremely fast and take only several minutes, at most, to verify. Unlike all other crypto currencies, IOTA has absolutely zero fees. This means that IOTA is usable for day-to-day use. No fees means you can also send micro transactions easily. So that means people pay small parts of products or services to share it with others.