Huobi Carnival: IoT Chain Announces All Ethereum DApps can now be Completely Moved to IoT Chain

in cryptocurrency •  3 months ago

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IoT Chain co-founder Lyu Xinhao delivered a keynote speech today at the Huobi Carnival event in South Korea in which he announced that all Ethereum DApps can now be completely moved to IoT Chain.

Xinhao shared the event’s stage with leading blockchain entrepreneurs including Bitmain founder Jihan Wu, FBG Capital Partner Richard Liu, LinkVC founder Jiapeng Lin, #Hashed CEO Simon Seojoon and GBIC Partner Sinhae Lee.

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The IoT Chain team provided a review of the project’s key developments and achievements over the past year, including the achievement of the basic blockchain structure of DAG, the PBFT consensus algorithm and that IoT Chain has been supported Ethereum Virtual Machine (EVM). The team believes this means that all Ethereum DApps can now be completely moved to IoT Chain.

The Huobi Carnival is a two-day interactive event, involving over 100 blockchain projects, blockchain entrepreneurs, and attended by the Chairman of South Korea’s Blockchain Committee, members of the National Assembly of the Republic of Korea and the general public. IoT Chain is joining more than 25 blockchain projects in hosting a project booth where attendees experience an interactive paradise for digital token users.

The Huobi Carnival continues until 3rd August 2018.

All technical details will be released on IoT Chain’s official Github soon. All are welcome to download the code and to take part in the technological exchange of ideas.


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The timing of this announcement is a good one, it puts IoTchain is a whole new level. Hopefully we will see new partnership.

I appreciate this project. I hope ITC will be booming up in the future. Good luck and keep on innovates.


yeah, they are truly working to make that possible and i feel they will succeed


I share same believe hard work pays.

Great news; so this means an Eth contract can work on IoT


this will push IoTChain to the limelight


I am honestly curious on how it this will work; I mean if the same smart contracts can run on IoTChain we will be looking at the erc20 contracts also running on iotchain!

He couldn't have picked a better place and time to make this announcement. It's a good one for all ITC project enthusiasts.


Yep, pretty brave statement and just in time. But I still cannot understand what exactly they mean saying this. Maybe they are telling about the bandwidth of ITC network or something else?

Fantastic work guys, hopefully we'll start to see some make the switch over.

MASSIVE announcement this puts IoT Chain on a whole new level!


Yes, the news just created a lot of attention, i love the creative aspect of this project, never knew they will be coming out with such concept


I wonder how much effort would be required in migrating a DApp from Ethereum to IoT Chain? I'm sure the positives of moving to a secure lite OS outweigh the level of work that's needed but it would be interesting to find out.

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Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
ITCIoT Chain0.334$6.58%-24.26%

They seem to be everywhere, which is good in the promotion of the project, it gets people talking about ITC and what they stand to correct in the IoT industry

I followed and up votes you. please followback @huanmv

Offering direct compatibility is pretty impressive that should make moving over from ethereum and taking advantage of the ITC mainchain more attractive to people with existing dapps

I think this is a great initiative. From a user's point of view, its definitely gonna help. Share these type of things. Appreciate your work.


Yep anything to help get the word out, it should bring in new blood, and we hopefully will see more investors and more collaborations brewed from an event like this

After realisation of ECIES algorithm support maybe many of them really will want to move to ITC network.

!cheetah ban
ID Deception


Okay, I have banned @iot-chain.