What is Internet of Things?
Let's find out Internet of Things meaning, definition in crypto, what is Internet of Things, and all other detailed facts.
The Internet of Things (IoT) is a massive global network of various devices, software, and sensors that are interconnected via the internet. A large variety of devices – from smartphones and computers to smart fridges and even some toys – can be connected to the internet and learn to interact with each other via data transfers, forming the IoT network.
Internet of Things is a growing research field in multiple aspects, from the development of new network-friendly devices to the analysis of the relationship between humans and technology. The network offers an immense amount of use cases in a number of industries, such as healthcare, manufacturing, transportation, and energy, among others.
According to some predictions, the number of IoT devices worldwide is expected to reach 75 billion by 2025, growing nearly four times from 20.4 billion in 2020.
A smart home device such as Alexa can connect to the internet to form personalized profiles of users, and collect data on shopping preferences that can be passed on to Amazon or third-party retail providers. It can also connect to smartphones or gaming consoles, thus increasing its data pool and building the network further.
Although the connection of IoT with the crypto industry is limited, maintained primarily via mining equipment and hardware wallets, some cryptocurrency projects have been developed with the functionality of the IoT in mind.
One of the largest IoT-adjacent projects is IOTA, an open-source distributed ledger that aims to create a blockchain supporting duty-free microtransactions and regular transactions, thus allowing IoT devices to share value alongside data.
What is a Crypto Meme?<\/p>\n<p>In essence, crypto memes are just like regular memes except they are specifically targeted at people interested in crypto. They’re usually presented as a funny static image, video, or gif. More often than not memes are used to mock people who try to get rich quickly without any research or think cryptocurrencies are a joke.<\/p>\n<p>Recently, they’ve gained a lot of popularity within the crypto community. At this point, it’s almost impossible to do any research on the crypto market without stumbling upon one of the crypto memes. <\/p>\n<p>Overall, they’re a great way for the crypto community to connect while also providing a way to gain new insights and perspectives on the crypto sector.<\/p>\n<p><strong>What is a Memecoin?<\/strong><\/p>\n<p>At its core, a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-memecoin/">memecoin is a cryptocurrency that’s based on internet memes. Currently, there are over 250 memecoins around the world. They usually are more volatile than other cryptocurrencies. <\/p>\n<p>When the first memecoins were introduced, the entire community viewed them as a joke. However, a lot of people outside of the community view cryptocurrencies as a whole as a joke.<\/p>\n<p>There have been many new investors who decided to invest in cryptocurrencies due to smaller barriers of entry, variety, and other factors. For the most part, a lot of these new investors have been fairly successful.<\/p>\n<p>Dogecoin was launched in 2013 as the first memecoin on the market. It’s based on the Shiba Inu internet meme. At the beginning of its existence, Dogecoin was endorsed by Elon Musk and experienced a large increase in popularity. Today, it still stands as one of the most successful memecoins to date.<\/p>\n<p>Besides, Dogecoin’s triumph has accelerated the success of other memecoin projects. This resulted in an increase in value as well as a global acceptance. <\/p>\n<p>There is a huge amount of internet memes that are eventually turned into a memecoin. A lot of them are specific to the cryptocurrency community such as the “laser eyes” meme which refers to bullish crypto enthusiasts. The laser eyes are red if the meme is about <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin and blue if it’s about <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-ethereum-eth/">Ethereum./n What are the differences between regular crypto coins and memecoins?<\/strong><\/p>\n<p>Cryptocurrencies such as Bitcoin hold real-world utility and practical uses thus making them actually purposeful.<\/p>\n<p>On the other hand, while memecoins can bring short-term gains, they are generally considered to be just for amusement.<\/p>","definition":"are pieces of content, whether it\u2019s an image, video, text, or sound, which are spread around the internet at a rapid pace.","status":"published","meta_title":"What are Internet Memes? Definition & Meaning | Crypto Wiki","meta_description":"Internet Memes meaning: Internet Memes - are pieces of content, whether it\u2019s an image, video, text, or sound, which are spread around the internet at a rapid pace.","meta_keywords":null}"
:model="{"id":428,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Internet_of_Things","level":"easy","author_id":1,"created_at":"2023-06-19T06:58:59.000000Z","updated_at":"2024-01-02T11:10:17.000000Z","slug":"what-is-internet-of-things","title":"What is Internet of Things?","section":"I","keyword":"Internet of Things","content":"<p>The <strong>Internet of Things (IoT)<\/strong> is a massive global network of various devices, software, and sensors that are interconnected via the internet. A large variety of devices – from smartphones and computers to smart fridges and even some toys – can be connected to the internet and <strong>learn to interact with each other<\/strong> via data transfers, forming the IoT network.<\/p>\n<p>Internet of Things is a growing research field in multiple aspects, from the development of new network-friendly devices to the analysis of the relationship between humans and technology. The network offers an <strong>immense amount of use cases<\/strong> in a number of industries, such as healthcare, manufacturing, transportation, and energy, among others.<\/p>\n<p>According to some predictions, the number of IoT devices worldwide is expected to reach 75 billion by 2025, growing nearly four times from 20.4 billion in 2020.<\/p>\n<p>A smart home device such as Alexa can connect to the internet to <strong>form personalized profiles of users<\/strong>, and collect data on shopping preferences that can be passed on to Amazon or third-party retail providers. It can also connect to smartphones or gaming consoles, thus increasing its data pool and building the network further.<\/p>\n<p>Although the connection of IoT with the crypto industry is limited, maintained primarily via <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-mining/">mining equipment and <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-hardware-wallet/">hardware wallets<\/strong><\/a>, some cryptocurrency projects have been developed with the functionality of the IoT in mind.<\/p>\n<p>One of the largest IoT-adjacent projects is <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-iota-miota/">IOTA, an open-source <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-distributed-ledger/">distributed ledger<\/strong><\/a> that aims to create a blockchain supporting duty-free <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-microtransaction/">microtransactions and regular transactions, thus allowing IoT devices to share value alongside data.<\/p>","definition":"a global network of devices and software that is interconnected via the internet and can exchange data in real time.","status":"published","meta_title":"What is Internet of Things? Definition & Meaning | Crypto Wiki","meta_description":"Internet of Things meaning: Internet of Things - a global network of devices and software that is interconnected via the internet and can exchange data in real time.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}"
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current-section="what-is-internet-of-things">