What Is Exxor?
Exxor is a latest entrant in the areas of cryptocurrency. It is targeted to enable M2M interactions that are growing in the Internet of Things industry. The boom that came by with the success of bitcoin and its rising valuation has led to several software experts realizing the potential of this industry. Exxor has been formed to secure digital transactions in M2M domain.
This cryptocurrency is in the nascent stage and is set to launch its Initial Coin Offering. The technology that it uses to record transactions would also be distinct from blockchain.
Unlike the popular technology which records transactions for other cryptocurrencies like Bitcoin, Direct Acyclic Graphs or DAG is the technology that is being launched for Exxor. One of the key benefits of this technology is that it would not have any fees charged on the micro transactions, offline transactions as well as provide high scalability of the same. With DAG behind Exxor every transaction is saved as a distinct block and it gets verified by two previous transactions that are randomly chosen.
The company that is behind Exxor is newly registered and a UK venture. It is called Exonic Ltd with a registered company number that validates its existence.
The IoT Industry
The machine to machine interactions that are rising in this industry bring about several possibilities as well as challenges. It basically refers to transactions that happen and information flow that takes place between machines without human intervention. Several advancements in technology, systems and applications are making it possible. It also opens up the scope of using a cryptocurrency like Exxor that would be backed by an efficient means of recording the transactions which is DAG.
What It Means For Enterprises?
IoT combined with cognitive computing would pave the way for businesses to gain valuable insights, develop new business models on which they can conduct operations and transactions with vendors and customers. As more and more companies explore the IoT platform, it would bring the viability of Exxor more in the fore front.
The Exxor ICO
Like other cryptocurrencies this company has also started its ICO launch. The pre ICO launch is alive right now. For those who wish to participate, they can log on and register for their account on the website. For those who wish to know more about the cryptocurrency and how the concept of the same was conceived, there is a white paper published on it. This is available for download and research by anyone who is interested. One can find out more details about this cryptocurrency and what advantages it brings to the market.
More details are required about the management team and about the company to provide a more reliable image of the cryptocurrency. As it is an evolving concept and one that relies totally on the reliability of the team behind it, there is conviction required about the commitment of the management team and details about how the cryptocurrency would be taken forward in the forthcoming months.
As there are more possibilities and opportunities emerging in the cryptocurrency market, Exxor simply needs to establish itself as a cryptocurrency that has a chance to create a niche for itself. The DAG technology that backs this cryptocurrency is a novel concept and would surely interest many. There are several unique factors about Exxor, such as being used for M2M transactions and the way the transactions would be recorded in IoT sphere. Its ICO would be a worthwhile investment to consider for all interested.