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Iotex (IOTX)

$ 0.017580000000000000

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Description

What is IoTeX (IOTX) Cryptocurrency? IoTeX (IOTX) is a blockchain-powered cryptocurrency created to serve the decentralized Internet of Things (IoT) ecosystem. The IOTX native token is used in various technology-driven applications, as well as on the IoTeX blockchain platform. Founded in 2017, IoTeX is the creation of Raullen Chai, Xinxi Wang, and Qevan Guo who, along with an active developer community have been working diligently to create an open-source and decentralized network for IoT’s interconnected devices. Who Founded IoTeX (IOTX)? IoTeX was co-founded by Raullen Chai, Xinxi Wang, and Qevan Guo. Raullen Chai is the Co-founder and Chief Scientist of the project, Xinxi Wang serves as the Co-founder and Chief Architect, while Qevan Guo is the Co-founder and Chief Executive Officer. What Makes IoTeX (IOTX) Unique? The IoTeX network leverages innovative technologies such as a unique consensus algorithm, privacy-preserving framework, smart contracts, and decentralized identity graph which are optimized for the IoT-ecosystem. This makes the platform incredibly efficient and secure. Further, the IOTX native token serves as the basic unit of economic transactions within the network and provides incentives to those who power the network with computing power. Where is IoTeX (IOTX) Used? IoTeX (IOTX) is used across the IoT-ecosystem for many tasks such as data storage, physical authentication, device identity authentication, and settling transactions. The IOTX token is also used to facilitate transactions between merchants, consumers, and other service providers in the IoT-ecosystem. Where to Buy/Sell IoTeX (IOTX) IoTeX (IOTX) is available for purchase on a number of leading cryptocurrency exchanges such as Binance, Huobi, and OKEx. The currency can also be purchased with fiat currency or with popular cryptocurrencies like Bitcoin and Ethereum. Conclusion In conclusion, IoTeX (IOTX) is a blockchain-powered cryptocurrency that is designed to make it easier and more secure to run connected devices in the Internet of Things (IoT) ecosystem. The IOTX native token serves as the basis of economic transactions within the platform, while it is also used to secure and facilitate the execution of tasks on the network. The currency is available to purchase through a number of leading cryptocurrency exchanges, making it accessible to those who wish to make use of the many benefits the platform offers.