Is iotex a private blockchain?

IoTeX likes to describe itself as the private “blockchain-within-a-blockchain” scalable solution to power tomorrow's IoT-based multi-billion dollar economy. Essentially, IoTeX is designed to connect the physical world of internet-connect devices with distributed ledger technology (DLT) and IoT. Q: Is iotex a private blockchain? A: Yes Knowledge provider:io1stuy4enys8h32uke9hrnfnynp57lyyku963nz9 KNOW TO EARN Read more…

Iotex consensus model

Delegated Proof-of-Stake (DPoS) is an efficient, decentralized, and flexible consensus framework available in the blockchain industry. However, applying DPoS to the decentralized Internet of Things (IoT) applications is quite challenging due to the nature of IoT systems such as large-scale deployments and huge amount of data. To address the unique Read more…

Iotex

IOTX is an Ethereum token that powers IoTeX, a platform that aims to connect IoT devices (such as cameras and sensors) and decentralized applications. IOTX can be used to pay for transactions, for staking and governance, and to register new devices on the IoTeX network Q: What is iotx A: Read more…