What Makes IoTeX So Special?
IoTeX is a decentralised machine economics backbone that serves machines ranging from smart home devices to self-driving cars. To that aim, IoTeX has developed and deployed a fast, high-performance, and EVM-compatible blockchain that offers scalability and flexibility for a wide range of applications. Middlewares and Dapps are also constructed on top of the blockchain to enable self-sovereign devices and real-world oracles.
IOTX is the native coin that governs the underlying blockchain protocol as well as serving as the network's gas. Burndrop is a unique cost-effective concept that causes IOTX to deflate as the number of devices controlled by IoTeX grows.
How is the Internet of Things (IoTeX) Network Protected?
IoTeX has a number of procedures in place to protect users' and transactions' privacy. Ring signatures and the trustworthy payment code, which hides the transaction receiver's address, are two examples.
Delegated proof-of-stake works by allowing stakeholders to vote for the network's block producers. The number of block producers is pre-determined, and once elected, they are in charge of adding new blocks to the blockchain.
They are rewarded for doing so, which they can then share to the stakeholders who voted for them, encouraging block producers to keep working and stakeholders to keep voting for block producers.
IoTeX is now trading at 5.76 INR, with a 24-hour trading volume of 1,538,873,164 INR. In the last 24 hours, IoTeX has gained 1.97 percent. With a live market cap of 54,947,011,475 INR, the current CoinMarketCap ranking is #96. There are 9,540,779,324 IOTX coins in circulation, with a maximum supply of 10,000,000,000 IOTX coins.