What is IoTeX?
It’s developing several in-house innovations that will push the frontier of blockchain 3.0. IoTeX is connecting the physical world block by block by bringing autonomous device coordination’s to the masses.
IoTeX was founded with the main goal of encouraging mass adoption in the industry of cryptocurrency. They believe that IoT lacks a certain killer app which would encourage an average person to adopt the IoT technology in their lives.
These two core functions: crypto incentives and community effort are propelling innovations in the IoT space. IoTeX wants to be able to create a next generation blockchain platform with privacy, developability and scalability for incubating IoT ecosystems.
Some advantages of this coin are due to the following innovations: blockchain architecture which secures the information, real-time consensus that reduces transactional costs and sub-chain as a service to ease fast prototyping.