IoTeX utilizes a decentralized network for the Internet of Things (IoT).
IoTeX utilizes a decentralized network for the Internet of Things (IoT). It is based on privacy-centric, auto-scalable and extensible blockchain. The highly experienced team behind IoTeX is dedicated to create the next generation IoT blockbuster platform by introducing token economy for the IoT spaces. The native token powering the platform is IOTX is a standard ERC20 type. The developers of IoTeX opt for combining crypto incentives and community efforts so that crowdsourcing industries and community talents can unite to push the frontier of blockchain 3.0 for the development of IoT. The IoTeX innovations can be systemized into four main categories:
- the blockchain-in-blockchain architecture boosts privacy, scalability, and developability for the IoT DApps and ecosystem
- the built-in confidentiality preserving techniques are based on simplified crypto schemes
- the Real-time fast consensus (RDPoS) with instant finality and low latency reduces transactional costs
- the autonomous device coordination for the masses proposes rapid growth of IoT applications and ecosystems.