The trading volume in the last 24 hours reached approximately 14,957,873 USD, up 22.40% compared to the previous day, indicating increased interest from investors.
However, in the past 7 days, the price of IOTX has decreased by 3.20%, reflecting the volatility of the cryptocurrency market.
Despite the increase in trading volume, the price of IOTX has still decreased over the past week, indicating volatility and risk in cryptocurrency investment.
Investors should closely monitor market factors and related information to make reasonable investment decisions.
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IoTeX (IOTX) is a decentralized blockchain platform established in 2017 with the goal of securely and efficiently connecting the Internet of Things (IoT) to the blockchain ecosystem. IoTeX was founded by a team of experienced experts in the fields of blockchain, cryptography, and IoT, including Raullen Chai, Qevan Guo, Xinxin Fan, and Jing Sun.
Goals and mission
IoTeX aims to build an environment where IoT devices can interact with each other through blockchain, ensuring transparency, privacy, and data security for users.
Notable technology
Custom blockchain: IoTeX uses a distinct blockchain architecture, including "subchains" to manage various IoT applications or devices.
Roll-DPoS (Delegated Proof of Stake) consensus mechanism: Increases transaction speed and reduces operational costs.
Security and privacy: IoTeX integrates advanced cryptographic technology such as ring signatures and hierarchical secret keys.
Token IOTX
IOTX is the native token of the platform, used for:
Transaction fee payments.
Rewards for validators participating in network security.
Unlocking and managing IoT devices on the IoTeX ecosystem.
Practical applications
IoTeX has developed many practical applications such as:
Ucam: Security camera using blockchain technology.
Pebble Tracker: IoT device tracking real-time data.
IoTeX aims to make blockchain an integral part of life, especially in the IoT sector, where connectivity and security play a crucial role.