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In NovemberCoinDesk was CoinDesk's longest-running and most influential behind the IOT network according to Solana's block explorer.

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This is particularly important in IoT use cases where thousands or even millions of devices are involved. Nakamoto, S. Therefore, industrial companies demanding such blockchain-based Euro solutions do not have to fear regulatory uncertainty since existing e-money regimes are used Sandner et al. This alternative has the benefit of being considerably more scalable than the on-chain solution but decreases data transparency. Therefore, a completely new, possibly decentralized, payment infrastructure will be required.