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What Is Iotex (IOTX) Coin Review? Guide About Iotex

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What Is Iotex (IOTX)

Starting as an open-source project in 2017, Iotex has built a decentralized platform whose aim is to empower the open economics for machines — an open ecosystem where people and machines can interact with guaranteed trust, free will, and under properly designed economic incentives.

With a global team of over 40 research scientists and engineers, IoTeX Coin has built their EVM-compatible blockchain from scratch using the innovative Roll-DPoS consensus and launched in 2019 April, which has been running by 100+ delegates worldwide and has processed more than 10 million transactions already. On top of the blockchain, the team has built the essential blocks of infrastructures to connect with Ethereum, BSC, and Heco blockchains such as ioPay wallet and ioTube bridge which serve ten thousands of users. helps EVM-based DApps scale without concerning expensive gas fees!

Besides, middleware such as Decentralized Identity, Confidential Computing, and Secure Hardware has been built on top of IoTeX blockchain to enable self-sovereign devices such as Ucam real-world oracle such as Pebble. The former has been deployed to 3000+ households and still proliferates. In contrast, the latter has been launched to 300+ developers initially and enables innovative Dapps that connect the physical world with the crypto world, such as real-world NFTs, weather derivatives, and machine learning-as-mining.

Important Points Table Of Iotex

BasicPoints
Coin NameIotex
Short Name IOTX
Max Supply10,000,000,000
ExplorerClick Here To View
ChatClick Here To Chat
WebsiteClick Here To Visit

How to Buy the IoTeX Coin & Trade On Exchange?

First Step

Buying IoTeX Is Very Easy Task . Just Find Exchange Where IoTeX Available & Buy Through Your Credit & Other Altcoin .

Second Step

Once You Purchased IoTeX . Now It Is Time To Store Your Killdoge Or Start Trading On Exchange.

Who Are the Founders of IoTeX?

The founders of IoTeX Coin are Raullen Chai, Qevan Guo, Xinxin Fan, and Jing Sun. Besides being the co-founder of company, Raullen Chai is also an advisor at BootUP Ventures and is a member of the Industrial Distributed Ledger Task Group at Industrial Internet Consortium. He used to work as lead of crypto R&D and engineering security at Uber.

Qevan Guo is also a co-founder of Hyperconnect Lab. He used to be a research scientist and engineering manager at Facebook.

Before co-founding IoTeX Cryptocurrency, Xinxin Fan was a senior research engineer at Bosch Research and Technology Center, North America. He has also worked as a research associate and project manager at the University of Waterloo.

Jing Sun also works as a managing partner at Sparkland Capital. She is an LP investor at Polychain Capital and an angel investor at Rippling.

What Makes IoTeX Unique?

IoTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles. To this end, has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real-world oracles into reality.

This is the native coin that governs the underlying blockchain protocol while being used as the gas for the blockchain protocol. Burndrop (http://burndrop.iotex.io/) is a unique economical design that leads to deflation of while the number of devices orchestrated by increases.

A Launchpad for Blockchain Ideas and Projects

The IoTeX Cryptocurrency platform hosts an ever-growing ecosystem of projects and products that have been developed by members of the community.

Decentralized

It has 100 delegators and is fully decentralized.

Device Ready

IoTeX Coin is the first blockchain platform to connect real-world data to Dapps.

Ultra fast

Each transaction is practically instantaneous and only costs a fraction of a cent

Secure & Tested

IoTeX Cryptocurrency boasts one of the best cryptographic security systems in the blockchain space.

IoTeX Blockchain Already Powers Real Devices

The blockchain already powers real devices, including award-winning blockchain-powered cameras from Consumer Electronic Show (CES) and the pebble geo device, perfect for supply chain optimization in any industry.

How Is the IoTeX Network Secured?

It has several mechanisms that ensure the privacy of users and transactions. Some of these are ring signatures and the reliable payment code that hides the transaction receiver’s address.

Delegated proof-of-stake works by having stakeholders vote for the block producers on the network. The number of block producers is set and once they are elected, they are responsible for adding new blocks to the blockchain.

For doing it, they receive rewards that they can distribute to the stakeholders who voted for them, incentivizing block producers to continue working and stakeholders to continue voting for block producers.

Where Can You Buy IoTeX (IOTX)?

IoTeX can be bought and sold on many exchanges, including:

  • Binance
  • Huobi Global
  • HBTC
  • Xtheta Global
  • VCC Exchange
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