What is IoTeX (IOTX) Coin
Starting as an open-source project in 2017, IoTeX has built a decentralized platform whose aim is to empower the open economics for machines — an open ecosystem where people and machines can interact with guaranteed trust, free will, and under properly designed economic incentives.
With a global team of over 40 research scientists and engineers, IoTeX has built their EVM-compatible blockchain from scratch using the innovative Roll-DPoS consensus and launched in 2019 April, which has been running by 100+ delegates worldwide and has processed more than 10 million transactions already. On top of the IoTeX blockchain, the team has built the essential blocks of infrastructures to connect with Ethereum, BSC, and Heco blockchains such as ioPay wallet and ioTube bridge, which serve ten thousands of users. IoTeX helps EVM-based DApps scale without concerning expensive gas fees!
Besides, middleware such as Decentralized Identity, Confidential Computing, and Secure Hardware has been built on top of IoTeX blockchain to enable self-sovereign devices such as Ucam real-world oracle such as Pebble. The former has been deployed to 3000+ households and still proliferates. In contrast, the latter has been launched to 300+ developers initially and enables innovative Dapps that connect the physical world with the crypto world, such as real-world NFTs, weather derivatives, and machine learning-as-mining.
- IoTeX’s mission is to be a privacy-centric blockchain managing the entire information lifecycle of an Internet of Things (IOT) network, including data collection, transport, storage, and utilization.
- IoTeX uses a Roll-Delegated-Proof-of-Stake (“Roll-DPoS”) consensus mechanism to deliver “higher scalability with instant finality, without sacrificing decentralization or security”.
- IoTeX distinguishes itself with three main functionalities and service offerings:
- Layer 2 chain as a service: as layer 2 chains share the same pool of delegate resources, it becomes straightforward to create a subchain as, for example, an EC2 instance on AWS Cloud.
- Edge trusted computing: it will enable the “sharing economy for trust computing and unlock many interesting trust and privacy-centric dApps”.
- Cross-network interoperability with other blockchains, as well as layer-2 IoTeX chains, is supported.
- IOTX is the native asset of the IoTeX network. Respective use-cases include: (1) decentralized governance, (2) gas fees, and (3) staking for Layer-2 chains.
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How Much is a IoTeX (IOTX) Coin
IoTeX (IOTX) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.
IoTeX (IOTX) Coin Review
You can learn more about IoTeX (IOTX) coin reviews and information on cryptocurrencies by visiting their official page available in the following.
Website https://iotex.io/ Whitepaper http://files.iotex.io/publications/IoTeX_Whitepaper_1.5_EN.pdf Github https://github.com/iotexproject Medium https://medium.com/@iotex Documentation https://docs.iotex.io/ Telegram https://t.me/IoTeXGroup Discord https://iotex.io/devdiscord Youtube https://www.youtube.com/channel/UCdj3xY3LCktuamvuFusWOZw