Robonomics Network price is $8.70
As of the latest update, the price of Robonomics Network (XRT) has decreased to $ 8.70. The cryptocurrency has seen a change of -4.53% in the last 24 hours.
Robonomics Network, symbolized by XRT, is a decentralized platform designed to integrate robotics and Internet of Things (IoT) devices into the blockchain. The main goal of Robonomics Network is to enable autonomous robots and devices to interact with one another, execute transactions, and operate securely and independently within a peer-to-peer network.
Robonomics Network was developed by a team of software engineers, robotics experts, and IoT enthusiasts. The project's vision was to create a seamless interface between human economies and robotic automation systems. While more specific details about the founders or the team may be available on the official Robonomics website or project documentation, our focus here is to explore what Robonomics Network entails and its technological advances.
Robonomics Network uses blockchain technology to create a decentralized environment where robots and IoT devices can interact without the need for a centralized authority. The platform operates on the Ethereum blockchain, leveraging smart contracts to automate processes and ensure trustless interactions between autonomous agents.
The uniqueness of the Robonomics Network lies in its targeted approach to integrating IoT and robots into the blockchain infrastructure. Its strong focus on automation and cyber-physical systems offers a glimpse into a future where machines can operate economically and autonomously in the same ecosystems as humans do, with transactions recorded transparently on the blockchain.
Robonomics Network leverages the security mechanisms of the Ethereum blockchain. By utilizing Ethereum's robust smart contract infrastructure, it ensures that all transactions and interactions are secure, transparent, and immutable. Additionally, the use of cryptographic algorithms helps maintain the integrity and confidentiality of data exchanged on the platform.
As of the last update, the circulating supply of Robonomics Network (XRT) is 1.7M, contributing to the overall market capitalization standing at $ 14.9M. This puts Robonomics Network at a market cap rank of #1317.
Robonomics Network aims to serve as the backbone for the IoT and robotics industries, ensuring interoperability and seamless communication between machines and their human users. Its role is to automate tasks, execute contracts between devices autonomously, and manage the operations of robots without human intervention.
To keep your Robonomics Network (XRT) tokens safe, choose reliable wallets that support the Ethereum blockchain and XRT token. Always prioritize wallets that give you control over your private keys and practice safe storage methods such as hardware wallets for significant holdings or use multi-signature wallets for an additional layer of security.
You can buy Robonomics Network (XRT) on several cryptocurrency Kraken, Huobi, Hotbit. It's essential to use reputable exchanges and practice due diligence before any transaction to ensure the safety of your funds. Be mindful of the trading pairs available and choose ones that correspond to your funding currency or cryptocurrency of choice.
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