IoTeX

Overview of IoTeX

  • IoTex has been in the news a bit over a year ago after it won the CES Innovation award for the Ucam due to the way it utilizes the blockchain technology to provide end-to-end encryption, so the communication between you and the server (to view the videos) cannot be intercepted and the blockchain-based authorization makes sure that only you can access the videos or the live stream.
  • IoTeX Blockchain creates a marketplace where 1)
    end users are welcome to sell their data in exchange for tokens or not
    and keep it private, 2) lend a fewthing they own like a car or excess
    electricity generated by home solar panels in the sharing economy and 3)
    easily develop their own applications and services for subchains.
  • IoTex says it will add its own voice command functionality in the future, but the company’s grand plan for the platform is to open it up to other device manufacturers and software developers, so eventually many of those cutting-edge smart home features may find their way into this blockchain-powered, end-to-end encrypted ecosystem.
  • IoTeX uses the blockchain to authorize your access to the videos and live footage by creating a unique 256-bit private key which you must not lose or share with untrusted third parties, otherwise, the security of your camera is compromised (of course, the key is authorized using end-to-end encrypted communication).
  • IoTeX started in 2017 as an open-source project, built completely from scratch (no forks) and is tailor fit to build the Internet of Trusted Things – an open ecosystem where all “things” — humans, machines, businesses, and DApps, can interact with trust and privacy.
  • IoTeXLab presented IoTeX “Internet of Trusted Things” technology at IOTHINGS Rome : the speech was focused on the current state of the IoT, how IoTeX technology can bring end-to-end encriptio to IoT devices and power the future “Internet of Trusted Things”.
  • IoTeX is developing several in-house innovations to push the frontier of blockchain 3.0, including a blockchain-in-blockchain architecture for heterogeneous computing, lightning fast Roll-DPoS consensus mechanism, and lightweight privacy-preserving techniques.
  • IoTeX’s model lets small player pool resources and
    choose specific delegates to move consensus activities away from
    resource-strapped nodes, which can be selected dynamically to achieve
    higher overall availability for the network.
  • IoTeX builds the next-gen decentralized platform for the Internet of Things(IoT), to give rights back to users on their data, to comply with global privacy regulations like GDPR and CCPA, and to build the new businesses on top of user-owned data.
  • IoTeX has joined the Amazon Web Services Partner Network (APN) as a Select Technology Partner and partnered with AWS China & High Cloud to optimize Cloud storage and backend services for Ucam in China.

    • Blockchain

    Through incentives built around digital tokens – either their own or IOX
    – distributed to users, developers on IoTeX blockchain don’t have to
    rely on selling customer data in order to make a profit beyond just the
    one-time purchase of a device that doesn’t cover the operating costs of
    running IoT at scale.IoTeX Blockchain creates a marketplace where 1)
    end users are welcome to sell their data in exchange for tokens or not
    and keep it private, 2) lend something they own like a car or excess
    electricity generated by home solar panels in the sharing economy and 3)
    easily develop their own applications and services for subchains.

    Mine

    Plus, a Bonus Reward of 450,000 IOTX will be shared by all delegates per epoch by the weighted amount of votes.The IoTeX will be rewarding Consensus Delegates 16 IoTX per block mined and extra 8 IOTX per block in the first year.This amount to 2,102,400 IOTX for every Consensus Delegate during the first year.

    Network

    “Our unique blockchain-in-blockchain architecture, available to
    developers in an SDK, creates a well-balanced distributed network that
    maximizes scalability, security and privacy in a cost-effective way,”
    said Raullen Chai co-founder of IoTeX.“We’ve solved for IoT’s technical
    pain points while creating value for developers that extends beyond just
    selling devices simultaneously giving users more control over their
    data, which is the most exciting part.”

    Support

    IoTex is a privacy focused IoT oriented blockchain.Metanyx are supporting the IoTeX ecosystem by running a full node on the IoTex network as a Delegate as well as helping community grow.

    Transactions

    IoTeX helps EVM-based DApps scale without concerning expensive gas fees!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 (https://iopay-wallet.iotex.io/) and ioTube bridge (https://tube.iotex.io/), which serve ten thousands of users.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.

    Are you currently using Iotex PSE Tablet, Extended Release 12 Hr?

    This survey is being conducted by the WebMD marketing sciences department.

    How do I buy IoTeX?

    It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including IoTeX.

    How Is the IoTeX Network Secured?

    IoTeX has several mechanisms that ensure the privacy of users and transactions.Some of these are ring signatures and the reliable payment code that hides the transaction receiver’s address.

    How Many IoTeX (IOTX) Coins Are There in Circulation?

    As of March 2021, IOTX has a circulating supply of 9,644,304,442 tokens and a maximum supply of 10,000,000,000 IOTX.

    IoT Mass Adoption?

    Launched in a private sale initial coin offering (ICO) in February 2018 that raised $14 million, IoTeX’s own IOTX token began life as Ethereum ERC-20 compatible but underwent a swap for a native token on the project’s mainnet earlier this year.

    What coins are similar to IoTeX?

    The following coins use the same hashing algorithm (ETH Token) as IoTeX: Chainlink, Solana, THETA, Binance USD, DREP, DREP [old], PancakeSwap, Aave, Maker, FTX Token, Huobi Token, Crypto.com Coin, Dai, Polygon and Chiliz.

    What do you think about the IoTeX today?

    Let us know by clicking the given button.

    What hashing algorithm does IoTeX use?

    IoTeX is a Roll-DPoS coin that uses the ETH Token algorithm.

    What Is IoTeX (IOTX)?

    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.

    What is IoTeX?

    Founded in 2017, IoTeX is an open-source, decentralized, high-performance blockchain project that is building the Internet of Trustful Things — an ecosystem where all things as such (humans, machines, businesses, dApps – can easily interact with privacy and trust.

    What is IoTeX?

    IoTeX Network is a decentralized platform of privacy-centric blockchain for various vendors to build dApps for IoT.IOTX is an ERC20 token that serves as the network 'fuel'.It is required to use certain designed functions on the IoTeX Network such as executing transactions and running the distributed applications on the IoTeX Network.

    What is the Reddit page for IoTeX?

    The official Reddit community (subreddit) for IoTeX is r/IoTex.

    What is the value of IoTeX?

    One IoTeX (IOTX) is currently worth $0.05 on major cryptocurrency exchanges.You can also exchange one IoTeX for 0.00000101 bitcoin(s) on major exchanges.The value (or market capitalization) of all available IoTeX in U.S.dollars is $524.39 million.

    What Makes IoTeX Unique?

    IoTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles.To this end, IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications.Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real-world oracles into reality.

    Where can I get IoTeX wallet?

    IoTeX produces its own wallet software that is available for download on its website, which allows you to store IoTeX on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

    Who Are the Founders of IoTeX?

    The founders of IoTeX are Raullen Chai, Qevan Guo, Xinxin Fan, and Jing Sun.

    History of IoTeX