The Google team has achieved another milestone in quantum computing! The new quantum chip Willow completed the computation that would take today's strongest supercomputer 10^25 years in less than 5 minutes. Blockchain has entered the era of quantum computing, where its security is of utmost importance. Recently, Dr. Xinxin Fan, the R&D Director of IoTeX, co-authored a paper titled "Enabling a Smooth Migration Towards Post-Quantum Security for Ethereum," which won the Best Paper Award at the 2024 International Blockchain Conference (ICBC 2024). The paper proposes a hash-based zero-knowledge technology as the most user-friendly method to make the Ethereum network and other similar cryptographic systems quantum secure. This solution will first be applied to the Ethereum and IoTeX blockchain networks. Dr. Xinxin Fan's paper won the Best Paper Award at ICBC 2024.
$IOTX We are pleased to launch ioID - the world's most advanced on-chain identity solution for smart devices. ioID $BTC $ETH In 2024, we tested ioID with over 10 DePIN projects (including GEODNET, Network3, Nubila, WatchX, and Envirobloq) to understand the real needs of DePIN applications and further standardize our product, making ioID a universal identity solution across the entire DePIN field. To meet the needs of different industries and built on different blockchains, ioID is designed as a unified, fully chain-compatible identity solution, featuring verifiability, programmability, composability, user sovereignty, and tamper-resistance. Through various application options (such as hardware, firmware, software), any DePIN project can bring verifiability and demand to its network through ioID.
Recently, Dr. Xinxin Fan, the R&D Director of IoTeX, co-authored a paper titled 'Enabling a Smooth Migration Towards Post-Quantum Security for Ethereum,' which won the Best Paper Award at the 2024 International Blockchain Conference (ICBC 2024). The paper proposes that hash-based zero-knowledge technology is the most user-friendly method to make the Ethereum network and other similar cryptographic systems quantum secure, with this solution first applied to the Ethereum and IoTeX blockchain networks. Dr. Xinxin Fan's paper won the Best Paper Award at ICBC 2024.
Concerns about the threat of 'quantum attacks' have long existed, as the power-based encryption industry faces the risk of fundamental disruption due to the exponential computational power advantage of quantum computing. Research indicates that currently widely used cryptographic algorithms (such as RSA, DSA, ECDSA) may become insecure in the face of quantum computing, and the development of quantum computing could render these algorithms ineffective in the future. Although the realization of quantum computing is not expected in the short term, the field of cryptography has been preparing to defend against quantum attacks, but we cannot ignore the rapid pace of quantum computing development. According to IDC (International Data Corporation) forecasts, global spending on quantum computing technology (including hardware, software, and as-a-service solutions) is expected to grow from $1.1 billion in 2022 to $7.6 billion by 2027, with a five-year compound annual growth rate (2022-2027) of 48.1%. Some media have pointed out that 'the industry growth rate of quantum computing may only be second to that of blockchain.'
$BTC , as the world's first modular depin infrastructure chain, the transaction volume on IoTeX L1 is skyrocketing. ✈️ A storm is about to sweep across the globe, and another revolution is coming. For those who love data, @Dune has the details. https://dune.com/iotex_devrel/iotex-blockchain
$BTC 🚀 Our research director @cryptoxfan just gave an interview to @Cointelegraph, revealing our groundbreaking work in quantum-resistant cryptography to protect @ethereum (cc @VitalikButerin) and IoTeX L1 (cc @Raullen)! 🔐💡 This is how we are preparing blockchain technology for the future - staying ahead! 💪
$BTC According to @MessariCrypto, IoTeX, located in Silicon Valley, is the world's third-largest DePIN ecosystem, with over 50 projects and more than 2,000 developers. Many projects are issuing tokens on IoTeX L1⚡ or utilizing its DePIN infrastructure modules, such as ioID🆔, @W3bstream_com🔒, and @DePINscan 📇. IoTeX is at the forefront of the DePIN sector, driving the integration of deep technology and cryptocurrency. Let's explore three of the fastest-growing areas in this thriving ecosystem: DePIN, deep tech memes, and DeFi 🧵
Today we took a historic step towards verifiable DePIN. Introducing ioID: the world's most advanced DePIN on-chain identity system that converts physical devices into on-chain assets. Explore ioID in our release blog and the topics below. 🧵
$SOL Congratulations to IoTeX research director @cryptoxfan for winning the Best Paper Award at ICBC 2024. This paper "Enabling a Smooth Transition to Post-Quantum Security for @Ethereum" highlights Xinxin's outstanding talent in the #DeSci field. Salute to the entire research team $BTC $ETH
$BTC Joint incentive activity worth 10 million US dollars! ! @iotex_io, @iotex_cn The super ecological season has begun, with OKX and Gate wallet, more than 20 DePIN projects, 10 DeFi protocols participating together, and the total reward pool is as high as 10 million US dollars! Earn BB points You can get BB points by interacting daily, participate in DeFi and DePIN activities, accumulate points every day, and quickly accumulate IOTX rewards! Earn IOTX: During the event, through low-cost interactions, transactions and staking IOTX, the annualized return can reach more than 100%! How to maximize returns Beginner players: Earn BB points for free and easily earn IOTX rewards every month! Advanced players: Get high returns through trading, holding and staking! OKX users get an additional 20% points bonus! DePIN project TGE blessing Many DePIN projects are about to TGE. Seize the opportunity. In addition to event rewards, you may also get excess returns! Event entrance: https://goat.iotex.io/referral?ref=bino18l6FB7SrzLXXfA8vwnqNbKKfEa2f5 Details and strategies: https://community.iotex.io/t/iotex-get-goated-season-2/12691#IoTeX#DePIN $ETH $SOL
$BTC IoTeX on-chain DEX high-yield mining is now open, making it easy to earn passive income! https://mimo.exchange/farm) iZUMi mining pool Annualized rate of return: up to 900% Daily income: about 2.5% Participation threshold: also only 100 USDT Mining entrance: [Join iZUMi mining pool now](https://izumi.finance/farm/iZi/dynamic……) Simple operation, friendly to novices! Use Orbiter Finance to cross-chain USDC from Arbitrum to IoTeX with one click. It is safe and convenient, without tedious operations. Cross-chain entrance: [Orbiter cross-chain tool](um&dest=IoTeX&token=USDC…) Why choose IoTeX on-chain mining? Safe and reliable: escorted by the old public chain, the on-chain environment is stable and transparent High yield: Mimo and iZUMi mining pools have returns far exceeding the industry average Novice-friendly: from cross-chain to mining, the whole process is friendly and the operation is smooth Seize the opportunity, join the IoTeX ecosystem, and start your high-yield mining journey!#IoTeX#DeFi #iZUMi#挖矿 #跨
gm ☕️#Messarireleased the#iotex2024 Q3 report, and talked about the major progress. 👇 1️⃣ The ecosystem has 61#DePINprojects, making it the third largest DePIN ecosystem. 2️⃣#ioIDhas registered 7,000+, and has destroyed $IOTX tokens worth $130,000 3️⃣ Daily active addresses 📈13%, transaction volume 📈8%, gas fee income 📈1261% 4️⃣#w3bstreamoccupies 20% of the market share in the entire DePIN field, and plans to launch the mainnet in Q1 2025$BTC $IOTX
$IOTX With the launch of W3bstream, the world's first zero-knowledge decentralized off-chain computing infrastructure designed for smart devices and real-world data, IoTeX has become a leading provider of decentralized physical infrastructure network (DePIN) technology, building an open platform for the full-scenario AI data stack, enabling machines, humans, enterprises, and dApps to interact with each other in a trustful and private manner, promoting innovation in various vertical fields of AI and DePIN.
With the support of more than 60 research scientists and engineers around the world, IoTeX connects billions of smart devices, machines, and sensors through its high-performance EVM Layer 1, off-chain computing middleware, and open hardware platform, providing seamless integration and interaction for dApps in the real and digital worlds, and promoting the development of the real world towards a decentralized open ecosystem.
$FIL $IOTX $IOTX Cross-domain combination: Weather-related DePIN projects provide meteorological data that can predict weather conditions, thereby affecting the energy prices of renewable energy DePIN projects, which in turn determines the number of electric vehicles dispatched by ride-hailing DePIN projects, ultimately promoting smart city DePIN projects to provide more parking resources to support the expansion of the ride-hailing network. Cross-regional combination: DePIN projects deploying hotspot network connections in South America can offer network roaming services to travelers from other markets such as Africa and Southeast Asia, enabling DePIN projects originally limited to a certain region to serve global users. Resource combination: DePIN projects providing digital resources such as data storage and GPU computing can aggregate resource supply with other resource providers, forming a larger supply side to attract more market demand. This is similar to the DEX aggregator in DeFi, which offers users a better trading experience by aggregating the liquidity of multiple DEXs.
$IOTX Cross-domain combination: Weather-related DePIN projects provide meteorological data that can predict weather conditions, thereby affecting the energy prices of renewable energy DePIN projects, which in turn decides the number of electric vehicles scheduled by ride-hailing DePIN projects, ultimately promoting smart city DePIN projects to offer more parking resources to support the expansion of the ride-hailing network.
Cross-regional combination: A hotspot network connection DePIN project deployed in South America can provide network roaming services to travelers from other markets such as Africa and Southeast Asia, allowing a DePIN project originally limited to a specific region to serve global users.
Resource combination: DePIN projects that provide digital resources such as data storage and GPU computing can aggregate resource supplies with other resource providers, forming a larger supply side to attract more market demand. This is similar to the DEX aggregator in DeFi, which provides users with a better trading experience by aggregating liquidity from multiple DEXs.
$IOTX DePINscan: As the best browser in the DePIN field, DePINscan has launched a number of new features, including a token launch calendar, a direct link to hardware purchases, and a more detailed DePIN project and L1 blockchain profile page. So far, DePINscan has tracked more than 250 DePIN projects and 18 million devices worldwide, and its real-time data has been cited many times by well-known media such as CoinDesk, research institutions such as Messari, and DePIN field research reports of top venture capital institutions.
$IOTX According to Messari's latest DePIN report, IoTeX has now become the third largest DePIN ecosystem after Ethereum and Solana, with more than 50 DePIN projects and more than 200 Web3 projects (including DeFi, GameFi, NFT, etc.) built on IoTeX. Most of these DePIN projects plan to TGE on the IoTeX L1 network, and many projects have also begun to use DePIN infrastructure modules (DIMs) in the IoTeX 2.0 infrastructure stack, such as ioID and W3bstream.
Compared with the number of DePIN projects, what is more impressive is the diversity and development potential of these IoTeX ecosystem projects. For example, the AI+DePIN project Network3 successfully completed a $5.5 million seed round and sold thousands of nodes; the weather oracle project Nubila completed a $2.5 million seed round and started device pre-sales; the AI+DePIN project Inferix started GPU node sales; Wayru released WiFi mining equipment, and PowerPod launched RWA NFT, etc. These projects demonstrate the strong vitality and broad prospects of the IoTeX ecological network.