IoTeX IOTX#101

-8.22% (-$0.004, 24H)
  • Market Cap$472,764,715
  • Volume (24H)$60,838,141
  • Circulating Supply9,644,304,442
  • Max Supply10,000,000,000
  • High (24H)$0.057
  • Low (24H)$0.049
  • Change (1H)-1.2%
  • Change (7D)-18%
  • Change (1M)-1.5%
  • Change (1Y)1,585.19%

IoTeX (IOTX) is a project inspired to create a decentralised ecosystem known as the “Internet of Trusted Things”. A platform where humans, businesses, decentralised apps (dApps) and machines can interact with one another without fear of mistrust or insecurity. IoTeX aims to turbocharge the Internet of Things (IoT) sector, which will see the number of connected devices outnumber humans by ten-to-one in 2030. The long-term IoTeX vision is a world where individuals have total control of their data and devices, instead of organisations or institutions. IOTX tokens are capped at a maximum supply of 10 billion. Native IOTX tokens are required to power the IoTeX network, including the fuel for processing transactions and dApps on the IoTeX blockchain. The IoTeX project has four key objectives to overcome the issues surrounding mass adoption of IoT technology. It supports super-fast consensus with millions of nodes capable of approving transactions almost instantaneously. It uses lightweight ‘stealth addresses’ to preserve user privacy when making transactions and offers cross-chain compatibility for sharing data and value. This ambitious network is going head-to-head with IOTA to prove itself as the number-one solution for IoT applications.


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