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Difference between revisions of "IoTeX(IOTX)"
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=IoTeX (IOTX) = | |||
A Decentralized Network Focused on Web3 Machine Economy. | A Decentralized Network Focused on Web3 Machine Economy. | ||
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IOTX is the native token of the project. The current use cases for IOTX include: | IOTX is the native token of the project. The current use cases for IOTX include: | ||
* '''Transaction Fees''': Users spend IOTX to pay transaction fees, access Dapps, register devices, and interact with the network. | *'''Transaction Fees''': Users spend IOTX to pay transaction fees, access Dapps, register devices, and interact with the network. | ||
* '''Staking''': Users can stake IOTX to participate in network consensus and earn IOTX rewards in return. These rewards are collected from gas fees and re-distributed to network participants. | *'''Staking''': Users can stake IOTX to participate in network consensus and earn IOTX rewards in return. These rewards are collected from gas fees and re-distributed to network participants. | ||
* '''Governance''': By staking, IOTX holders can participate in network governance and have voting power. | *'''Governance''': By staking, IOTX holders can participate in network governance and have voting power. | ||
* '''Native dApp Development''': Developers can utilize IOTX to power their smart contracts, build dApps, and create new tokens on the IoTeX multi-chain platform. | *'''Native dApp Development''': Developers can utilize IOTX to power their smart contracts, build dApps, and create new tokens on the IoTeX multi-chain platform. | ||
The project consist of the following major components working in conjunction: | The project consist of the following major components working in conjunction: | ||
* [https://sagroups.ieee.org/2958/ '''Identity of Things''']: This enables machines to have a self-sovereign identity and own their data, currently being standardized via [https://sagroups.ieee.org/2958/ IEEE 'Identity of Things' Standard]. | *[https://sagroups.ieee.org/2958/ '''Identity of Things''']: This enables machines to have a self-sovereign identity and own their data, currently being standardized via [https://sagroups.ieee.org/2958/ IEEE 'Identity of Things' Standard]. | ||
* '''W3bstream''': A Layer 2 computational oracle that brings verifiable, real-world data from IoTeX-powered machines to smart contracts in a trusted manner. | *'''W3bstream''': A Layer 2 computational oracle that brings verifiable, real-world data from IoTeX-powered machines to smart contracts in a trusted manner. | ||
* [https://portal.machinefi.com '''MachineFi Portal''']: An open [https://portal.machinefi.com portal] where developers and users can register devices, visualize data, and interact with MachineFi dApps | *[https://portal.machinefi.com '''MachineFi Portal''']: An open [https://portal.machinefi.com portal] where developers and users can register devices, visualize data, and interact with MachineFi dApps | ||
* [https://iotube.org '''ioTube''']: A cross-chain bridge that facilitates two-way token swaps between IoTeX, Ethereum, BNB Chain, and other top L1s. | *[https://iotube.org '''ioTube''']: A cross-chain bridge that facilitates two-way token swaps between IoTeX, Ethereum, BNB Chain, and other top L1s. | ||
* [https://burndrop.iotex.io/ '''Burn-Drop''']: IOTX is deflationary, as IOTX is burned (permanently removed from circulation) and airdropped to users after every new device is registered to the IoTeX Network. | *[https://burndrop.iotex.io/ '''Burn-Drop''']: IOTX is deflationary, as IOTX is burned (permanently removed from circulation) and airdropped to users after every new device is registered to the IoTeX Network. | ||
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IoTeX recently launched its new multi-chain wallet. ioPay 2.0 is a decentralized mobile wallet providing an enhanced, user-friendly experience for novice and experienced Web3 users alike. It allows users to switch over 13,000 different digital assets across crypto accounts from IoTeX, BNB Chain, Ethereum and Polygon. It supports transfers and swapping of all the crypto assets and gives easy access to hundreds of dApps. | IoTeX recently launched its new multi-chain wallet. ioPay 2.0 is a decentralized mobile wallet providing an enhanced, user-friendly experience for novice and experienced Web3 users alike. It allows users to switch over 13,000 different digital assets across crypto accounts from IoTeX, BNB Chain, Ethereum and Polygon. It supports transfers and swapping of all the crypto assets and gives easy access to hundreds of dApps. | ||
== '''How does IoTeX work?'''== | =='''How does IoTeX work?'''== | ||
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IoTeX has partnered with enterprises and hardware manufacturers to develop the world's first blockchain-enabled devices and IoT systems. Some notable products and initiatives powered by IoTeX include: | IoTeX has partnered with enterprises and hardware manufacturers to develop the world's first blockchain-enabled devices and IoT systems. Some notable products and initiatives powered by IoTeX include: | ||
* '''[https://ucam.iotex.io/ Ucam]:''' A home security camera that utilizes decentralized identity to provide privacy and data ownership for users. | *'''[https://ucam.iotex.io/ Ucam]:''' A home security camera that utilizes decentralized identity to provide privacy and data ownership for users. | ||
* '''[https://www.crowdsupply.com/iotex/pebble-tracker Pebble Tracker]:''' A tamper-proof asset tracking device that streams verifiable GPS, climate, and motion data to dApps. Now listed on [https://www.mouser.com/ProductDetail/IoTeX/CS-PEBBLETRKR-01?qs=QNEnbhJQKvbLmZDQU5KhNg%3D%3D Mouser Electronics]. | *'''[https://www.crowdsupply.com/iotex/pebble-tracker Pebble Tracker]:''' A tamper-proof asset tracking device that streams verifiable GPS, climate, and motion data to dApps. Now listed on [https://www.mouser.com/ProductDetail/IoTeX/CS-PEBBLETRKR-01?qs=QNEnbhJQKvbLmZDQU5KhNg%3D%3D Mouser Electronics]. | ||
* '''Automotive and Supply Chain Pilots''': Working with [https://dlt.mobi/iotexdashboard/ MOBI], [https://cointelegraph.com/news/us-navy-to-pilot-blockchain-based-project-to-improve-medical-supply-lines US Navy], and [https://www.iiconsortium.org/test-drives/valuable-asset-tracking-test-drive.htm Industry IoT Consortium (IIC)] utilizing Pebble Tracker technology. | *'''Automotive and Supply Chain Pilots''': Working with [https://dlt.mobi/iotexdashboard/ MOBI], [https://cointelegraph.com/news/us-navy-to-pilot-blockchain-based-project-to-improve-medical-supply-lines US Navy], and [https://www.iiconsortium.org/test-drives/valuable-asset-tracking-test-drive.htm Industry IoT Consortium (IIC)] utilizing Pebble Tracker technology. | ||
* '''Blockchain Standards''': Developing within [https://sagroups.ieee.org/2958/ IEEE] and [https://www.coindesk.com/business/2020/06/29/facebook-iotex-r3-among-new-members-of-confidential-computing-consortium/ Confidential Computing Consortium (CCC)]. | *'''Blockchain Standards''': Developing within [https://sagroups.ieee.org/2958/ IEEE] and [https://www.coindesk.com/business/2020/06/29/facebook-iotex-r3-among-new-members-of-confidential-computing-consortium/ Confidential Computing Consortium (CCC)]. | ||