✓Blockchain powered internet-of-things (IoT)
IoTeX set out to develop a “reimagined” Internet of Things, powered by a decentralized network where human-virtual interactions can involve information exchanges with security and openness. With the production of their robust mainnet launched in the first half of 2019, IoTeX’s mission is to maintain this “end-to-end” trust for the life-span of the information and data’s existence.
To accommodate the rapidly growing number of IoT devices in the world, IoTeX have built their platform to improve on the lingering issues of blockchains who have attempted to produce a similar creation. Through the integration of their Roll Delegated Proof-of-Stake consensus, Layer 2 Chain architecture and built in security techniques, IoTeX promises to deliver a protocol with fast transactions, interoperability with side chains and other blockchains all within a trusted, secure execution - built for global scaling.
IOTX which is the feature asset of the network serves to provide decentralized governance for token-holders and covering Gas fees throughout operation of the platform.
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