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IoTex (IOTX) Jan-15
Tweets by iotex_io
IoTeX's mission is to be a privacy-centric blockchain managing the entire information lifecycle of an
Internet of Things (IOT) network
, including data collection, transport, storage, and utilization.
IoTeX uses a
consensus mechanism to deliver "higher scalability with instant finality, without sacrificing decentralization or security".
IoTeX distinguishes itself with three
main functionalities and service offerings
Layer 2 chain as a service
: as layer 2 chains share the same pool of delegate resources, it becomes straightforward to create a subchain as, for example, an EC2 instance on AWS Cloud.
Edge trusted computing:
it will enable the “sharing economy for trust computing and unlock many interesting trust and privacy-centric dApps".
with other blockchains, as well as layer-2 IoTeX chains, is supported.
IOTX is the native asset of the IoTeX network
. Respective use-cases include: (1) decentralized governance, (2) gas fees, and (3) staking for Layer-2 chains.
Tranchess (CHESS) Jan-15
Reserve Rights (RSR) Jan-15