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IOTA competitor Nodle Network, which has five million active nodes, is moving from Stellar to its own blockchain.
Nodle Network, an IOTA (MIOTA) competitor, is in the process of migrating from Stellar (XLM) to its own blockchain network with the release of the Arcadia testnet.
Nodle is a decentralized network provider that specializes in detecting and connecting the internet of things (IoT). It currently connects over five million active nodes with over 92 million detected devices.Â
While Stellar has been able to handle Nodleâs heavy traffic of 1.3 million daily transactions to date, the company believes it needs to deploy its own blockchain to accommodate some of the advanced features envisioned in its whitepaper.
Nodleâs blockchain architect, Eliott Teissonniere believes that interoperability is the key to the future success of its Arcadia blockchain. It is being built on the Parity Substrate framework and employs modular design with an eye on becoming Polkadotâs parachain. Parachains are specialized blockchains that make up the Polkadot network.
Nodle Cash â betting on the future
Nodle Network participants earn Nodle Cash. Unfortunately, the cryptocurrency is not listed on exchanges and doesnât have any monetary value as yet. Teissonniere told Cointelegraph:Â
âIt's a bet on the future. And essentially, they're going to be able to use it in a few weeks to interact. We are working on giving users a way to use it. For example, we will soon launch a customer interface where they will be able to set up webhooks to connect their own devices.â
Nodle co-founder and CEO, Micha Benoliel explained they wanted to âbuild enough demand and have the ecosystem sufficiently mature before we list it.â
He also noted that the company has been able to achieve âpresence on almost 20 million monthly smartphonesâ by offering app developers Nodle Cash as compensation.
Nodle Vs. IOTA
Benoliel believes that Nodle is a âgreat alternativeâ to IOTA and that his companyâs strengths are its concrete use cases and interoperability. Although Teissonniere is reluctant to name the exact date for the release of the mainnet, he expects deployment in approximately six months.
IOTA still recovering from a major hack may present Nodle with an opportunity to carve out a nice chunk of the IoT blockchain market.
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