IoTeX - A Decentralized Network for Internet of Things
Hello great people of blockchain, here I am again with a perfect idea, an excellent project and very promising platform which is called The IoTeX!!!
Technology is very useful for everyone, especially in the world of economy. The concept of economics has advanced rapidly now penetrated into the digital world. Even for a payment can be done with a digital currency we call cryptocurrencies. The growing cryptocurreny can be utilized for the benefit of everyone who is involved in it. The cryptocurrency market has been getting a lot of attention lately. In the last five years the market has increased by over five thousand percent and investors are currently trading more than nine hundred different type of digital currencies.
But something like groving as fast as the blockchain. A new term, you might heart before the IoT mean Internet of Things. This IoT term means, every object that might come into your mind is somehow accessed to the internet and communicating with other devices. Or we can put "smart" words behind every object. Products developed under the concept of "Internet of Things" usually work with mobile devices and tablets. With blockchain IoT thing is gonna be huge! So Let's check the IoTeX project and see what is gonna happen with blockchain.
What is IoTeX Project?
Directly connecting all IoT nodes to the one single blockchain is a dream that can not become true. Besides the fact that different IoT applications require fundamentally different feature sets of a blockchain, hosting every IoT node on one
blockchain makes it grow fast in size and computation and eventually become too heavyweight for many IoT devices. Instead, a separation of duties make sure each blockchain interacts with other blockchains when needed.
Long story short, IoTeX is the next generation of the IoT-oriented blockchain platform with vast scalability, privacy, isolatability, and developability for incubating new IoT applications and ecosystems. Connecting the physical world, block by block.
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Despite its rapid evolution, IoT is still far from reaching mass adoption and lacks “killer applications” that would draw new users to the ecosystem due to issues such as low scalability, high operating cost, privacy concerns and lack of functional values.
IoTeX is tackling this problem by introducing token economy into IoT spaces as we strongly believe that crypto incentives as well as the community effort are the two key forces to propel innovations in IoT space. In short, IoTeX is the next generation IoT-oriented blockchain platform with strong scalability, privacy, isolatability and developability for incubating new IoT applications and ecosystems.
What are IoTeX’s competitive advantages?
At a high level, IoTeX's competitive advantage stems from four main innovations: 1. Blockchain-in-blockchain architecture which ensures privacy and prevents IoT information leakage; 2. Built-in privacy based on lightweight cryptography; 3. Real-time consensus with instant finality, which improves the throughput of the network, reduces transactional costs, and enables efficient cross-chain communication; and 4. Subchain-as-a-service (SAAS) to facilitate fast prototyping and production of new IoT applications and ecosystems.
What is the development plan?
The Platform have released their first Testnet preview, StoneVan, on April 20, 2018. Their next code release will be Testnet Alpha in late June, which will include the first implementation of our full Roll-DPoS consensus scheme with voting support. IoTeX’s long-term plan focuses on building IoTeX subchains, software development toolkits (SDK), and developer tools, as well as collaborating with IoT companies / developers to build DApps utilizing the IoTeX platform.
Total Token Supply (fixed): 10,000,000,000 IOTX
Private Sale (closed): 25,000 ETH
Token Price: 1 IOTX = 0.0000125 ETH (20% bonus for private sale investors, lock-up period: 12 months)
So my friends, here we are again with a question, invest or get pissed in the future for not invested? I have told what I have to tell, believe me this ICO gonna be huge. Go join the system right now and make profit very soon.
Thanks for reading. Until we meet again!
AS ALWAYS, GOOD LUCK!!!
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