IoTeX (IOTX) - the native cryptocurrency of the IoTeX blockchain network for the Internet of Things. The platform expands the possibilities of confidential data collection and information exchange, using decentralized applications, running on Trusted Execution Environment (TEE) standards.
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What is IoTeX (IOTX)?
Starting as an open source project in 2017, IoTeX has built a decentralized platform that aims to empower the open economy. It is an open ecosystem where people can interact with guaranteed trust, free will and with properly designed economic incentives. With a global team of over 40 research scientists and engineers, IoTeX built its EVM-compatible blockchain from the ground up, using the innovative Roll-DPoS consensus.
In addition to the IoTeX blockchain, the team has built the main infrastructure blocks to connect to the Ethereum, BSC and Heco blockchains, such as the ioPay wallet and the ioTube bridge. IoTeX helps you to scale EVM-based DApps without worrying about expensive gas fees. In addition, middleware such as decentralized identity, confidential computing and secure hardware has been built on top of the IoTeX blockchain to power many devices.
Project feature
IoTeX - a decentralized backbone for an economy that powers devices, ranging from smart home devices to autonomous vehicles.
Project advantages:
| Blockchain | IoTeX created and launched a fast, high performance and EVM compatible blockchain. It provides flexibility and scalability for various applications. |
| Devices | Middleware and Dapps are built on top of the blockchain to make devices and real oracles a reality. |
IOTX - the native coin that runs the underlying blockchain protocol, being used as the gas for the blockchain protocol. Burndrop is a unique, cost-effective design that causes IOTX to deflate while the number of devices, hosted by IoTeX increases.
Buying cryptocurrency
As of March 2021, IOTX has a circulating supply of 9 billion tokens and a maximum supply of 10 billion IOTX. IoTeX (IOTX) can be bought and sold on many exchanges, including:
- Binance;
- Huobi Global;
- HBTC;
- Xtheta Global;
- VCC Exchange.
The project has several mechanisms that ensure the privacy of users and transactions. Some of them are ring signatures and a secure payment code that hides the address of the recipient of the transaction.