Tag: IoTeX

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IoTeX is a privacy-preserving open-source blockchain and Internet of Things (IoT) network. The decentralized IoTeX ecosystem consists of a network of smart devices connected via the internet. The multi-utility IOTX token (or IOTX coin) is an essential part of the IoTeX platform, serving functions such as transaction fees, device registration, and protocol governance via the novel Roll-DPoS consensus mechanism. Furthermore, IoTeX is at the forefront of the MachineFi movement. MachineFi is the term that describes the coming together of blockchain and IoT technologies to build decentralized data economies. Moreover, IoTeX aims to build a decentralized network for IoT while providing an equitable and profitable platform for data providers and device owners. 

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