This was shared via LunarCRUSH Twitter handle a couple of hours ago. This is an indication that daily development does not cease within the IOTA ecosystem. LunarCRUSH shared this, “IOTA social volume just crossed a 3-month high on 416 posts in the last 24 hours.”
— LunarCRUSH (@LunarCRUSH) January 28, 2020
IOTA-based digital Payment System Siemens Receives Two New Patents
About two weeks ago, data from Iotaarchive revealed that the number of patent apps that referenced the IOTA technology has distinctly increased to 111 patent applications. All these came from 44 companies at the ending of the just-concluded year.
Recently, an approved patent belonging to Siemens and backed by the IOTA token went public. The IOTA token is basically used to complement the system that protects application processes in order to prevent brute force attacks.
This patent mentioned above is the 13th reference for IOTA by Siemens. The 14th and 15th patents were approved by the European Patent Office a couple of days ago.
The two patents were filed in April 2018. However, these were not allowed to be opened to the public notice due to the rule guiding patent application that says applications must remain secret for 18 months from the day it was filed.
IOTA (MIOTA) Price Surges By 17% in the Market
The last 24 hours have been great for IOTA native token MIOTA, the 20th largest digital currency by market capitalization. Presently, MIOTA is the best performer among the top 20 cryptocurrencies in the market.
Image Credit: CoinMarketCap
However, the market is getting generally favorable for virtually all the top digital tokens. At the time of filing this report, MIOTA is trading at $0.294276, with a relatively 17% price upsurge based on 24 hours estimation.