But that really is just the starting point in a massive new technological rollout that has been planned on reviving IOTA back.IOTA is an open source ledger that works in a distributed manner.

The technology has also created its coin designed for the Internet of Things (IOT) and works on a Proof of Work basis.Things did not sail very well for IOTA in the past, and the last 1.5 years have been spent in an attempt to improve their presence in the crypto space.

This included, Chrysalis update that marked a new dawn for IOTA.

However, coming to the features of the new wallet, it has no third party involvement, and it has been rewritten, and thoroughly audited.IOTA wanted to be quantum-proof, in this attempt they have used a special cryptography.

Other decisions include, the use ternary, rather than binary encoding of data.

As, according to CEO Schiener, the consideration of the future was that ternary is a better and efficient way to encode data.

Polkadot- IntroductionPolkadot is the magnum opus of Dr. Gavin Wood, the founder of Ethereum and creator of Solidity (the programming language used by Ethereum).It enjoys two main competitive advantages over other similar platforms.

Just like Ethereum and Cardano, Polkadot also allows the creation of Smart Contracts.Although Smart contracts serve great importance, there is no denying the fact that there already exists a lot of highly effective Smart contract platforms which are comparatively better than Polkadot.Therefore, the more important advantage for Polkadot is the other one.

Interoperability- The paramount of PolkadotThe limitation displayed in the current-gen Blockchain system is that there exist too many.

These blockchains operate in isolation with complete independence from each other, and as of yet, there is no way of having them communicate and transact with each other in an efficient manner.What Polkadot is working towards is bridging this gap by providing interoperability between all Blockchain networks.

It will allow any and all Blockchain to be able to communicate and transact with each other in a trustless way under the mutual grounds of Polkadot itself.

$DOT- The Polkadot native tokenDOT is the digital token used in the Polkadot network and it has 3 main uses: Governance, Staking, and Bonding.Governance: All DOT token holders are given the right to vote over important decisions regarding Polkadot.