IoTeX Market Overview
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About IoTeX
What Is IoTeX (IOTX)?
IoTeX is a decentralized platform launched in 2017, designed to power an open economy for machines. It enables trustless interactions between humans and machines through:
- EVM-Compatible Blockchain: Built from scratch using Roll-DPoS consensus (launched April 2019).
- Key Infrastructure: Includes ioPay Wallet and ioTube Bridge for cross-chain interoperability.
- Middleware Solutions: Decentralized Identity, Confidential Computing, and Secure Hardware support devices like Ucam (3,000+ deployments) and Pebble.
Unique Applications:
- Physical-world NFTs
- Weather-linked derivatives
- Machine-learning-as-mining
Founders
Content pending further research.
Unique Features
- Scalable EVM-based Dapps with low gas fees.
- Integration of real-world data with crypto ecosystems.
Circulating Supply
Data to be updated based on current metrics.
Network Security
Secured by Roll-DPoS consensus with 100+ global delegates, processing 10M+ transactions.
Where to Buy IOTX?
Available on major CEXs and DEXs.
FAQ
Q: What is IoTeX’s primary use case?
A: Enabling machine-to-machine and human-to-machine economies via blockchain and IoT integration.
Q: How does IoTeX reduce transaction costs?
A: Its Roll-DPoS consensus optimizes scalability, minimizing gas fees for EVM-compatible Dapps.
Q: Is IoTeX’s hardware open-source?
A: Yes, devices like Ucam use open firmware for transparency.
Q: Can I stake IOTX?
A: Yes, through its delegated proof-of-stake system.
Related Pages
- Blockchain Interoperability
- IoT Cryptocurrencies
Similar Tokens: (List to be curated based on market comparables.)