Proposal of an Economy of Things Architecture and an Approach Comparing Cryptocurrencies
In the present computational scenario, one can perceive the emergence of cryptocurrencies and the increased utilization of IoT devices, which are pushing to new challenges, opportunities, and behavior changes. It is still not known how these technologies will impact the current business and economic...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2021-05-01
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| Series: | Sensors |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1424-8220/21/9/3239 |
| _version_ | 1797535042870706176 |
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| author | Bruno Machado Agostinho Mario Antônio Ribeiro Dantas Alex Sandro Roschildt Pinto |
| author_facet | Bruno Machado Agostinho Mario Antônio Ribeiro Dantas Alex Sandro Roschildt Pinto |
| author_sort | Bruno Machado Agostinho |
| collection | DOAJ |
| description | In the present computational scenario, one can perceive the emergence of cryptocurrencies and the increased utilization of IoT devices, which are pushing to new challenges, opportunities, and behavior changes. It is still not known how these technologies will impact the current business and economic models. In this regard, this study proposes an economy of things architecture and an approach comparing several cryptocurrencies. Therefore, the proposed architecture aims to use these new opportunities to enable device-to-device (D2D) interaction based on this novel paradigm, called the Economy of Things (EoT). An experimental environment was conducted to compare characteristics of the cryptocurrencies Ripple, Iota, and Ethereum. The initial results show several interesting differences related to transaction costs, errors, speeds, and threads. |
| first_indexed | 2024-03-10T11:39:00Z |
| format | Article |
| id | doaj.art-e29deba30ea548caab29bc71bb94688c |
| institution | Directory Open Access Journal |
| issn | 1424-8220 |
| language | English |
| last_indexed | 2024-03-10T11:39:00Z |
| publishDate | 2021-05-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Sensors |
| spelling | doaj.art-e29deba30ea548caab29bc71bb94688c2023-11-21T18:40:58ZengMDPI AGSensors1424-82202021-05-01219323910.3390/s21093239Proposal of an Economy of Things Architecture and an Approach Comparing CryptocurrenciesBruno Machado Agostinho0Mario Antônio Ribeiro Dantas1Alex Sandro Roschildt Pinto2Computer Science Graduate Program, Federal University of Santa Catarina, Florianopolis 88040-900, BrazilComputer Science Graduate Program, Federal University of Juiz de Fora, Juiz de Fora 36036-900, BrazilComputer Science Graduate Program, Federal University of Santa Catarina, Florianopolis 88040-900, BrazilIn the present computational scenario, one can perceive the emergence of cryptocurrencies and the increased utilization of IoT devices, which are pushing to new challenges, opportunities, and behavior changes. It is still not known how these technologies will impact the current business and economic models. In this regard, this study proposes an economy of things architecture and an approach comparing several cryptocurrencies. Therefore, the proposed architecture aims to use these new opportunities to enable device-to-device (D2D) interaction based on this novel paradigm, called the Economy of Things (EoT). An experimental environment was conducted to compare characteristics of the cryptocurrencies Ripple, Iota, and Ethereum. The initial results show several interesting differences related to transaction costs, errors, speeds, and threads.https://www.mdpi.com/1424-8220/21/9/3239blockchaincryptocurrencyeconomy of thingsEthereumIotaRipple |
| spellingShingle | Bruno Machado Agostinho Mario Antônio Ribeiro Dantas Alex Sandro Roschildt Pinto Proposal of an Economy of Things Architecture and an Approach Comparing Cryptocurrencies Sensors blockchain cryptocurrency economy of things Ethereum Iota Ripple |
| title | Proposal of an Economy of Things Architecture and an Approach Comparing Cryptocurrencies |
| title_full | Proposal of an Economy of Things Architecture and an Approach Comparing Cryptocurrencies |
| title_fullStr | Proposal of an Economy of Things Architecture and an Approach Comparing Cryptocurrencies |
| title_full_unstemmed | Proposal of an Economy of Things Architecture and an Approach Comparing Cryptocurrencies |
| title_short | Proposal of an Economy of Things Architecture and an Approach Comparing Cryptocurrencies |
| title_sort | proposal of an economy of things architecture and an approach comparing cryptocurrencies |
| topic | blockchain cryptocurrency economy of things Ethereum Iota Ripple |
| url | https://www.mdpi.com/1424-8220/21/9/3239 |
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