What Is IoTeX (IOTX)?
Starting as an open-source project in 2017, loTeX has built a decentralized platform whose aim is to empower the open economics for machines - an open ecosystem where people and machines can interact with guaranteed trust, free will, and under properly designed economic incentives.
With a global team of over 40 research scientists and engineers, loTeX has built their EVM- compatible blockchain from scratch using the innovative Roll-DPOS consensus and launched in 2019 April, which has been running by 100+ delegates worldwide and has processed more than 10 million transactions already.
On top of the loTeX blockchain, the team has built the essential blocks of infrastructures to connect with Ethereum, BSC, and Heco blockchains such as ioPay wallet (https://iopay-wallet.iotex.io/) and ioTube bridge (https: //tube.iotex.io/), which serve ten thousands of users. IoTeX helps EVM-based DApps scale without concerning expensive gas fees!
What Makes loTeX Unique?
loTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles. To this end, loTeX has built and launched a fast, high- performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications.
Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real- world oracles into reality. IOTX is the native coin that governs the underlying
blockchain protocol while being used as the gas for
the blockchain protocol. Burndrop
(http://burndrop.iotex.io/) is a unique economical design that leads to deflation of IOTX while the number of devices orchestrated by loTeX increases.
How Is the loTeX Network Secured?
loTeX has several mechanisms that ensure the privacy of users and transactions. Some of these are ring signatures and the reliable payment code that hides the transaction receiver's address.
Where Can You Buy loTeX (IOTX)?
loTeX (IOTX) can be bought and sold on many exchanges, including:
Binance
Huobi Global HBTC
Xtheta Global VCC Exchange