What is IOTEX ? | All about IOTEX in short | Crypto Currency IOTEX

What is IOTEX?

IoTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles. To this end, IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real-world oracles into reality.

When was IOTEX invented?

Starting as an open-source project in 2017, IoTeX has built a decentralized platform whose aim is to empower the open economics for machines. With a global team of over 40 research scientists and engineers, IoTeX has built their EVM-compatible blockchain from scratch using the innovative Roll-DPoS consensus and launched in 2019 April.

Importance of IOTEX?

It is an open ecosystem where people and machines can interact with guaranteed trust, free will, and under properly designed economic incentives.

Future of IOTEX?

Based on walletinvestor.com forecasts, a long-term increase is expected, the price prognosis for 2026-07-25 is 0.136 US Dollars. With a 5-year investment, the revenue is expected to be around +608.33%.

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