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 agile nodes with over 92 million detected devices.

While Stellar has been able to handle Nodle's heavy traffic of 1.3 million daily transactions to date, the visitor believes information technology needs to deploy its own blockchain to accommodate some of the avant-garde features envisioned in its whitepaper.

Nodle's blockchain builder, Eliott Teissonniere believes that interoperability is the key to the futurity success of its Arcadia blockchain. It is being built on the Parity Substrate framework and employs modular blueprint with an eye on becoming Polkadot'southward parachain. Parachains are specialized blockchains that brand up the Polkadot network.

Nodle Cash — betting on the hereafter

Nodle Network participants earn Nodle Cash. Unfortunately, the cryptocurrency is not listed on exchanges and doesn't accept any monetary value as yet. Teissonniere told Cointelegraph:

"Information technology'due south a bet on the futurity. And essentially, they're going to be able to use it in a few weeks to interact. We are working on giving users a mode to use it. For instance, nosotros will soon launch a customer interface where they volition be able to set up webhooks to connect their ain devices."

Nodle co-founder and CEO, Micha Benoliel explained they wanted to "build enough need and have the ecosystem sufficiently mature before we listing it."

He also noted that the visitor has been able to reach "presence on well-nigh 20 million monthly smartphones" by offering app developers Nodle Greenbacks as compensation.

Nodle Vs. IOTA

Benoliel believes that Nodle is a "great alternative" to IOTA and that his company's 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 6 months.

IOTA notwithstanding recovering from a major hack may nowadays Nodle with an opportunity to carve out a overnice chunk of the IoT blockchain market.