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Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => IOTA Forum => Topic started by: akhjob on September 23, 2018, 07:04:17 PM

Title: First IOTA Smart Contract powered by Qubic Lite - Will IOTA replace ETH?
Post by: akhjob on September 23, 2018, 07:04:17 PM

First IOTA Smart Contract powered by Qubic Lite enables instant TOQEN Micro-Payments via MicroHash Channels. MicroHash is the first smart contract on the Tangle and it is already live. It all happens on a 4th layer:

• 1st Layer: IOTA (data transmission, data integrity, data persistence)
• 2nd Layer: Qubic Lite (quorum consensus framework on top of IOTA)
• 3rd Layer: TOQEN (qApp on Qubic Lite; simulates a token blockchain)
• 4th Layer: MicroHash (smart contract on TOQEN protocol)

Source: https://medium.com/@micro_hash/first-iota-smart-contract-by-qubic-lite-enables-instant-toqen-transfers-via-microhash-channels-9043961fd503

What do you guys think? Will IOTA replace ETH?