Facts about IoTeX
- 08
According to its 2022 whitepaper, IoTeX designed its W3bstream infrastructure to allow IoT devices to generate cryptographic proofs of real-world data without revealing sensitive information to the blockchain network.
- 07
Over 150 million real-world IoT devices have integrated with IoTeX's ecosystem, enabling direct blockchain connectivity for applications ranging from smart home systems to industrial sensors.
- 06
Antenna, a layer-2 scaling solution built on IoTeX, processes over 10,000 transactions per second while maintaining compatibility with the main chain through a sidechain architecture.
- 05
Launched in 2021, IoTeX's Ucam project created the first blockchain-connected smart camera that allows users to own and monetize their private video data through MachineFi protocols.
- 04
IoTeX's native token IOTX reached a market capitalization exceeding 500 million dollars during the 2021 bull market cycle, reflecting growing adoption of its IoT-focused blockchain ecosystem.
- 03
The IoTeX network uses delegated proof-of-stake consensus with 36 elected delegates who validate transactions and secure the blockchain since mainnet launch.
- 02
IoTeX's MachineFi framework enables IoT devices to monetize sensor data directly through blockchain, creating autonomous machine-to-machine economic transactions without intermediaries.
- 01
In 2018, IoTeX launched its mainnet with a focus on Internet of Things applications, targeting decentralized device-to-device communications at scale.