$ 0.008 -4.00%

IoTeX Network (IOTX) Rank 218

Market Cap $76.37 M
Volume 24H 53766896 IOTX
Open 24H $0.008
Low/High $0.007 - $0.008
Compare to

Mkt.Cap $ 76.37 M Volume 24H 53.77 M IOTX
Market share 0.01% Total Supply 10 B IOTX
Proof type N/A Open $ 0.0080
Low $ 0.0074 High $ 0.0084
Date Price Volume

IoTeX Network · GitHub

IoT Snapshot

For the Mainnet Beta, Layer-2-chain-as-a-service will be provided, enabling developers and users to easily spin up an Layer 2 chain for specific use cases such as supply chain management. At the same time, the root chain will support cross-chain communication for all Layer 2 chains. In March 2019, the Project launched member.iotex.io, a dApp that runs on top of both IoTeX blockchain and Ethereum, as a pioneer for decentralized governance. The governance tasks (i.e. staking, voting, ranking) is running on Ethereum through smart contracts.

Token Transfers

IoTeX Network description

Past performance is not necessarily indicative of future results. Blockfolio Signal is a first-of-its-kind communications platform built exclusively for token teams to connect and engage with their communities. Over 400 token team CEOs and team leaders actively use the platform to provide relevant project updates directly to Blockfolio’s 5 million+ users. Cindicator announced the launch of Cindicator Capital, the first quantitative crypto fund powered by Hybrid Intelligence.

This works hand-in-hand with the IoTeX decentralized identity system, which works a lot like Google Authenticator, Pang says. The IOTX token is currently listed on 13 exchanges, according to CoinMarketCap. Core crypto trading pairs include IOTX/BTC, IOTX/USDT, and IOTX/ETH.

IoTeX is the auto-scalable and privacy-centric blockchain infrastructure for the Internet of Things (IoT). IoTeX is bringing autonomous device coordination to the masses by "connecting the physical world, block by block". Over the past two years, IoTeX has developed our state-of-the-art blockchain from scratch. The IoTeX Network is now running perfectly with 60+ global Delegates, but the work is not done yet! Our most innovative blockchain features are coming in the next six months.

IoTeX Network description

- Roll DPoS consensus, a proprietary consensus mechanism improving on delegated proof of stake (DPoS) with the support of sub-chain architectures and the ability to process large scale IoT dApps. Roll DPoS is also a more democratic approach to consensus as it is picking a new set of delegates each epoch. In this blog post, you can read all about IoTeX Delegates Program- application, voting and rewards. According to this data, the IoT industry is estimated to grow from $157 billion dollars in 2016 to $457 billion dollars in 2020 attaining a Compounded Annual Growth Rate (CAGR) of 28.5% each year.

IoTeX Network description

With this explosion in IoT comes the need for secure methods to automate processes as well as exchanging information in real-time. Find out how much 38 IoTeX Network is worth in about Nepalese rupees. Convert 38 IoTeX Network with Alpari's online currency converter.

IoTeX believes that through tokenization the network can run in a decentralized manner. Blockfolio is the leading network for mobile cryptocurrency portfolio tracking and management. Millions of people trust Blockfolio to stay connected to the pulse of the industry through market data, news, and direct updates from leaders of top crypto projects.

The initial price of the token was $0.0070 but rose to $0.067 by early June, coinciding with the token’s listing on Binance. The token price rose again later in June to $0.047 after the announcement of IoTex’s partnership with CertiK. According to recent data from Juniper Research, the number of connected Internet of Things (IoT) sensors and devices should exceed 50 billion by 2022.

IoTeX Network description

As you can see on Coinmarketcap when checking to historical data for Iotx, you notice an increase in marketcap from $ 10 million to $ 17 million, starting February 1st. Another 10% of IOTX will be released in two months and another 4%, three months after that. If you plan on investing in IOTX, or if you already have, the increase in token supply is something to take into consideration.

Secure Hardware

IoTeX Network description

The new IoTeX native token and existing IoTeX ERC20 token will co-exist for 3–6 months (until Gravity Chain launch in Q3/Q4 2019). Mainnet Alpha introduces the Root Chain, which is a robust foundation for future Layer 2 (L2) chains and dApps.

The Internet of Trusted Things will change the world; however, it takes a special kind of blockchain to bring this vision to reality. IoTeX is the only blockchain platform capable of powering the Internet of Trusted Things. From Day 1, we made upfront design decisions to tailor fit IoTeX to support data privacy, trusted computing, large-scale IoT, interoperability, and big data use cases. By serving as the infrastructure to unify all “things”, IoTeX will power the new decentralized economy.

  • The fund provides access to investment strategies based on Hybrid Intelligence data as well as quantitative research.
  • By serving as the infrastructure to unify all “things”, IoTeX will power the new decentralized economy.
  • As I see it, IoTeX is well on their way in creating a privacy-focused, scalable blockchain solution with a focus on a market (IoT) that has a lot of upwards potential.
  • In May 2018 the initial 11.5% of IOTX tokens were released with only a few percent of tokens being released since.

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IoTeX is building blockchain-ready secure hardware at the device (end), gateway (edge), and server (backend) levels to enable end-to-end trust in the IoTeX Network. Equipped with Trusted Execution Environment (TEE), IoTeX secure hardware is 100% tamper-proof and guarantees integrity and confidentiality of all data/code. This expands the IoTeX footprint of trust to the IoT end/edge and enables powerful privacy features.

Power Micro Controls America At Power Micro Controls we design End-to-End IoT solutions. Internet of Things gateways, wireless sensor boards, WiFi Gateways, Cellular Gateway. We also support NB-IOT and CAT-1M modules.We provide IoT Cloud connectiovity and mobile Apps. Each IoT DApp runs within one subchain and can communicate with other subchains via the rootchain. For example, a device loans out its computation/ storage/ connectivity capability in exchange for tokens or a device (like a RFID on the bike) can provide certain services in exchange for tokens.

IoTeX Network description

These are huge wins for Tezos that should help to increase awareness, adoption, and demand for their token. Staking increases the percentage of their outstanding token supply that is locked up and less likely to be traded. The staking reward system also helps crypto investors earn a form of dividend or income on their investment in Tezos while participating in network consensus and governance. The addition of staking support in the Ledger hardware wallet adds another way to stake Tezos while maintaining custody. The tokens will originally be ERC-20 tokens (IoTX) and will be switched to the native IoTeX token (IOX) which will be mineable for the next 50 years.

How to Purchase IoTX

IoTeX Network description

IoTeX has a number of strategic partnerhips and investors, including the Blockchain Foundation and blockchain industry service platform Jinse. In June it announced a partnership with CertiK, a leader in formal verification and security of smart contracts. Together the two companies will ensure their blockchain and smart contracts are completely secure. IoTeX is the scalable and private blockchain infrastructure for the Internet of Things (IoT) customized for IoT by leveraging a blockchain-in-blockchain architecture.

Backed by a global team of 30+ top research scientists and engineers, IoTeX combines blockchain, secure hardware, and data services innovations to empower intelligent IoT networks and machine economies. By serving as a decentralized trust fabric for IoT, IoTeX will empower the future decentralized economy by “connecting the physical world, block by block”. Founded as an open-source project in 2017, IoTeX is building the world’s leading privacy-centric blockchain platform for the Internet of Things (IoT). Their mission is to build a decentralized trust fabric for a new era of collaboration and data exchange among devices, applications and people. Backed by a global team of research scientists and top engineers, IoTeX combines blockchain, trusted hardware and edge computing to realize the full potential of IoT.

IoTeX Network description

As the manager of all L2 chains, the Root Chain utilizes Roll-DPoS consensus to guarantee security, reliability and transparency. The Root Chain provides P2P networking and consensus resources, which are leveraged by all L2 chains in the IoTeX Network. The Root Chain will allow developers to spin up custom L2 chains just as they would a new instance on Cloud! Cross-chain communication is also enabled by the Root Chain, which allows L2 chains to interoperate. A few concerns I have are the long term project viability, because of the current lack of a revenue stream and ongoing cryptocurrency bear market.

Below is the breakdown of IOTX's volume by its top trading pairs. IoTeX's mission is to drive end-to-end trust throughout the entire information life cycle in an IOT network, including data collection, transport, storage, and utilization. The IoTeX Network uses Roll-DPoS consensus, where Delegates are elected by token holders to run consensus on behalf of the entire network.

IoTeX Network description

Pang explains that staking and voting will take place on both the IoTeX and Ethereum blockchain for now, eventually migrating fully to the IoTeX mainnet once the transition is complete. six months ago, the IoTeX mainnet departed from the restrictions of living on Ethereum, spreading its wings as a native blockchain network, consisting of a series of interconnected chains and sub-chains. IoTeX is a network of many blockchains that are hierarchically arranged, where they run concurrently with one another while retaining interoperability. As the figure below illustrates, the root blockchain manages many independent blockchains, or subchains.

The Delegated Proof-of-Stake framework gives stakeholders authority to elect a number of network nodes as block producers. These representatives are then responsible for generating and adding blocks to the blockchain. This is a continuous process that incentivizes representatives to continue to produce blocks. The blockchain for IoT must be designed to minimize resources such as computations, storage and energy.

IoTeX sidechains (subchains) run in parallel with its mainchain (rootchain). The scalability allows for large enterprise-based decentralized application to be run on the IoTeX blockchain. Testnet results already shown a minimum reach of 1000 transactions per second (tps).

IoTeX launched their own ERC20 token that goes by the ticker IOTX. After their mainnet launch in the first quarter of 2019 they will swap the ERC20 IOTX for their own native IOTX tokens.

IoTeX Network description