• Recent speculation suggests that the rise in Canto price is due to a spike in the volume of Note, a quasi-stablecoin associated with Canto and pegged to USDT/USDC.
• Members in the Canto discord community were quick to suggest that Note is safe due to being 100% collateralized.
• Canto provides users with a Free Public Infrastructure, a zero-fee DEX for liquidity providers, a Canto lending market, and Note, completing the decentralized trifecta of offerings by Canto.

Recent speculation has suggested that the rise in Canto price could be attributed to a spike in the volume of Note, the quasi-stablecoin issued by Canto and pegged to USDT/USDC. This has caused some investors to raise concerns about the health of the asset and whether it may be susceptible to the same issues as the TerraUSD/UST algorithmic stablecoin, which collapsed in 2022 after its peg fell short resulting in a run on nearly $45 billion worth of assets.

However, members in the Canto discord community have been quick to downplay these fears and suggest that Note is safe due to being 100% collateralized. This is a stark contrast to TerraUSD/UST, which was not backed by any form of collateral.

Canto is a permissionless Layer-1 (L1) blockchain running on the Ethereum Virtual Machine, which provides Tendermint consensus secured by validator nodes with EVM executions via Cosmos SDK. Its business model is centered on what is known as Free Public Infrastructure, which it likens to free parking on a city street, with the Canto DEX being a zero-fee DEX for liquidity providers. This is supplemented by the Canto lending market (CLM), which provides users funds pooled through its lending compound v2 fork.

Finally, Note completes the decentralized trifecta of offerings by Canto, described as a „full collateralized, algorithmic stablecoin.“ This allows users to take out loans and collateralize their assets with the stablecoin, providing them with a degree of safety and assurance that their assets are secure.

In conclusion, despite some investors raising concerns about the health of Note, members in the Canto discord community have been quick to suggest that it is safe due to being 100% collateralized, and Canto’s trifecta of offerings provides users with a variety of services that are secure and reliable.

• The machine economy is an industrial IoT digital transformation frontier that could contribute up to $15 trillion to the global economy by 2030 according to a PwC report.
• A joint article by IoTeX and Siemens explores why IoT and distributed ledger technology (DLT) will enable machine economy growth and unlock new opportunities for IoT manufacturers and end-users.
• The study defines the machine economy as a network of smart, connected, and economically independent devices and machines acting as autonomous market participants, executing economic transactions and other activities with little to no human intervention.

The machine economy is an emerging industrial IoT digital transformation frontier that could bring tremendous economic benefits to the global economy. According to a PwC report, the machine economy could contribute up to $15 trillion to the global economy by 2030. To better understand how the machine economy will unlock new opportunities for IoT manufacturers and end-users, a joint article by IoTeX and Siemens was published to explore the role of IoT and distributed ledger technology (DLT) in enabling machine economy growth.

The article defines the machine economy as a network of smart, connected, and economically independent devices and machines acting as autonomous market participants, executing economic transactions and other activities with little to no human intervention. This definition illustrates the disruptive business models the machine economy brings to the table, such as new ways to optimize existing processes, generate new revenue streams, and create new business opportunities. The study also highlights some implementation examples and the potential of the machine economy to revolutionize the way businesses operate.

In terms of the practical application of the machine economy, the article explains that IoT and DLT can enable the secure and seamless exchange of data, assets, and value at scale. IoT devices, such as sensors and cameras, can collect data that is then stored in a distributed ledger and used to facilitate machine-to-machine transactions. This data can be used to optimize existing processes and identify new opportunities, allowing businesses to make better decisions, increase efficiency, and reduce costs.

Furthermore, the article explains that leveraging blockchain technology, the machine economy can enable secure and trustless payments, smart contracts, and the creation of new digital assets and tokens. This would enable the development of new business models, such as decentralized applications and marketplaces where users can exchange goods and services.

In conclusion, the machine economy is an industrial IoT digital transformation frontier that could have an immense economic impact on the global economy. By leveraging the power of IoT and DLT, the machine economy can open up new opportunities for business, such as the optimization of existing processes, the generation of new revenue streams, and the development of new business models. Through the secure and trustless exchange of data, assets, and value, the machine economy has the potential to revolutionize the way businesses operate and bring tremendous economic benefits to the global economy.