Cryptocurrencies, since their inception, have always been constructed through blockchain technology, but Agora Financial has created a new cryptocurrency named IOTA that does not use the blockchain at all. With a successful 2015 ICO, IOTA has gone from its humble beginnings to being valued at more than $10 billion, altogether. A spread of media outlets have covered the coin, and while its growth has been phenomenal, most people are really interested in the technology that is driving this new coin. Instead of using blockchain technology, IOTA is driven by tangle, which is a blockless ledger that many think might be quicker than blockchain.
Agora Financial has set up IOTA so that it charges no transaction fees no matter how large the size of the transaction, and one of the ways this is possible is due to the fact that the coin doesn’t verify its transactions by using miners. Instead, a user who is ready to do a transaction will validate two transactions from before, and the user before them will do the same. Verifying a transaction doesn’t take as much work, and users, themselves, virtually become the miners with IOTA. The creators of IOTA realized that the blockchain could be an expensive way of doing transactions and realized that it would be much easier to allow every user to be a part of the verification process versus a small amount of miners; especially if any currency wants to continue being decentralized.
Agora Financial has expressed the fact that IOTA can be used just like any other cryptocurrency and is made to be used through devices that are connected. A decentralized ledger keeps the information safe and without transaction fees people are even more interested. The internet of things is a the international network where devices, such as, appliances, automobiles, and anything else are connected, which enables them to be accessed remotely. IOTA allows users to swap data between these kinds of devices and also enables this information to be purchased or sold. As time moves forward and the internet of things becomes the norm, these kinds of transactions will become crucial and more
The 2015 23rd edition of the Sertoes Rally had a cross-country course that passed through the Brazilian states of Goias, Mato Grosso do Sul, Sao Paulo, and Parana. Right before its commencement, the rally’s social concerns arm, SAS Brasil, held a charity dinner. During this dinner, the Bull Sertoes Rally Team gave for the first time. However, they have officially stated that this was only the first of a planned continual charitable giving ben of the team throughout the future. The funds raised at the SAS dinner were used to for the purchased and installation of water filters and delivery of medicines to the needy cities through which the race was to pass that year.
One of SAS’ primary goals is to bring needed resources to people groups who don’t have access to them. The four-day project that followed the dinner brought these needed resources to over 2,000 people. While the water filters and medicines were the main focus of the project, during this time SAS also provided dental care, educational lectures, cinema, sports competitions, and the construction of cisterns for water collection. The Bull Sertoes Team was founded and is headed by the race car star brothers, Michel and Rodrigo Terpins.
During the 2015 rally, Rodrigo Terpins partnered with Fabrocio Bianchini while Michel teamed with Fabio Pedroso. The Bull Sertoes team is sponsored by 100% Events, Xarla, Bull Sertões, Motul, and Ohlins. The course this year was 3,300 km long. The Support Park that year was set up at the Autodromo Internacional de Goiânia. Prior to the race, the individual teams modified their cars to make them more powerful and competitive. These modifications included the installation of brand new, top-of-the-line V8 engines.
Michel first started racing at the rally in 2002 in the motorcycle category. Shortly afterward, however, his veteran driver brother, Rodrigo, started training him in race car driving and soon started partnering with him in races. The Sertoes Rally is the largest and most popular annual off-road event in Brazil. The Sertoes contains several different stages of racing, the first two stages of which count toward the individual racing team’s standing in the Brazilian Cross Country Rally Championship. For more info you can checkout terra.com