IoTeX
Current price
$0.003455
−9.08%24h
LiveUpdated 29s ago
TodayIoTeX drops 9.1%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.46%
- 24 hours−9.08%
- 7 days−10.77%
- 30 days+11.31%
- 1 year−73.88%
IoTeX's move in context
Lagging the market today
−9.08% today against −3.26% for the market as a whole, a gap of 5.8 points. A gap this wide suggests something specific to IoTeX may be moving it, not just the market mood.
Trend has turned
−10.8% over 7 days and +11.3% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About IoTeX
Overview
IoTeX is a pioneering blockchain network designed specifically to enable secure connection and interaction among the Internet of Things (IoT) devices. Its core mission is to create a decentralized ecosystem that empowers users, devices, and machines to interact securely and privately, facilitating a new era of trust and transparency in the IoT landscape. IoTeX stands out due to its unique combination of blockchain technology and IoT, focusing on providing scalability, privacy, and efficiency. By utilizing innovative cryptographic techniques, IoTeX enables real-world applications while ensuring user sovereignty over personal data and device interactions.
Technical Features
IoTeX employs a Delegated Proof of Stake (DPoS) consensus mechanism, which not only enhances transaction throughput and scalability but also minimizes energy consumption compared to traditional Proof of Work models. The network architecture is designed with a modular approach, allowing for seamless integration of various components such as smart contracts and decentralized applications (DApps). Additionally, IoTeX boasts privacy-preserving features through its unique Roll-DPoS design, which ensures that validators do not have access to user transaction data. The network leverages advanced cryptographic algorithms and frameworks to achieve secure communication and data integrity among IoT devices.
Use Cases
IoTeX is versatile in its application across different sectors. A significant use case is its implementation in decentralized finance (DeFi), where developers can build financial solutions that cater specifically to smart devices. The IoTeX platform also supports the creation and management of Non-Fungible Tokens (NFTs), enabling digital ownership and provenance tracking for IoT devices and virtual assets. Furthermore, it facilitates cross-border payments and micropayments between devices, creating a seamless economic interaction without intermediaries. Smart contracts on IoTeX allow for automated and trustless execution of agreements, opening up possibilities for various business models and decentralized governance structures.
Development Background
Founded in 2017, IoTeX emerged from a vision shared by a group of blockchain enthusiasts and experts with backgrounds in computer science, data privacy, and IoT. The project was initiated by a team that includes former engineers from tech giants like Google, Uber, and Amazon, ensuring a robust technical foundation. Since its inception, IoTeX has garnered significant attention, culminating in key partnerships and collaborations with various organizations in both the blockchain and IoT domains. Notable milestones include the launch of its mainnet in 2020 and the introduction of various developer tools and resources to foster community contributions.
Community and Ecosystem
The IoTeX ecosystem thrives on an active community of developers, businesses, and users. The platform has fostered partnerships with numerous enterprises seeking to leverage blockchain technology for IoT solutions, including applications in supply chain management and healthcare. The IoTeX Foundation plays a pivotal role in community engagement, offering grants, developer programs, and hackathons to encourage innovation within the ecosystem. Various DApps and projects have already been built on the IoTeX platform, showcasing its capacity for diverse applications.
Future Potential
Looking ahead, IoTeX has ambitious plans that indicate a promising future. The team is continuously working on expanding the platform's capabilities with enhancements such as layer-2 scalability solutions and improved interoperability with other blockchain networks. The ongoing evolution of IoT technology and increasing demand for secure, decentralized interactions mean that IoTeX is positioned to capitalize on emerging trends. As smart devices proliferate and the need for privacy-preserving solutions grows, IoTeX is likely to play a crucial role in shaping the future landscape of the Internet of Things and decentralized solutions.
IoTeX market
- Position by market cap among the coins we track.
- #276
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $32.62M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.003442High $0.003851
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $0.2556
- Now 1% of itReached 13 Nov 2021 · Needs +7,298% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 9.44B IOTX
- 94% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 10B IOTX
- The most coins that can ever exist. Some coins have no limit.
IoTeX converter
1 IoTeX = $0.003455
