Buy IoTeX (IOTX)
What is IoTeX?
IoTeX is a decentralised platform specifically designed for Internet of Things (IoT) applications. It aims to provide privacy, scalability, and secure device interactions through its specialised blockchain architecture. The platform facilitates secure, verifiable, and scalable interactions between physical devices and digital applications, ensuring the privacy and integrity of all transactions on the network.
How does IoTeX work?
IoTeX operates on a unique blockchain architecture that incorporates both a root chain and sub-chains. The root chain manages the network's overall operations while the sub-chains support specific applications with customized environments. The platform uses a Roll-DPoS (Randomized Delegated Proof-of-Stake) consensus mechanism to enhance security and decentralisation. Additionally, IoTeX utilises edge computing to improve bandwidth and response times, supporting real-time data processing, essential for IoT applications. IoTeX's integration with the Ethereum Virtual Machine (EVM) allows seamless development of smart contracts.
What are the potential use cases for IoTeX?
IoTeX offers extensive potential use cases across various industries including:
- Smart Homes: With devices like Ucam, ensuring privacy in home surveillance.
- Supply Chain Management: Real-time tracking and monitoring of goods.
- Industrial IoT: Process automation and equipment monitoring in manufacturing.
- Healthcare: Secure data management for patient records and medical devices.
- Transportation: Solutions for vehicle tracking and freight monitoring. Additional applications include smart grid systems, inventory management, and autonomous vehicles.
What is the history of IoTeX?
IoTeX was founded in 2017 by Raullen Chai, Qevan Guo, Jing Sun, and Xinxin Fan. In its early development, IoTeX focused on creating a Layer 1 POS-based EVM public chain, successfully launching its mainnet in April 2019. This period also saw the introduction of notable IoT products like Ucam and Pebble Tracker. IoTeX has since undergone significant updates, including the EVM upgrade in the 2023 v1.12.0 hardfork, promoting its reputation as a central player in the IoT blockchain space through continuous technological advancements and strategic partnerships.
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Frequently Asked Questions (FAQs)
What is the current price of IoTeX (IOTX)?
The IoTeX price is $0.0593587 AUD, representing a -1.1% from the day prior.
Where is the best place to buy IoTeX (IOTX) in Australia?
The best place to buy IoTeX (IOTX) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell IoTeX (IOTX) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of IoTeX (IOTX)?
The trading volume of IoTeX (IOTX) is $52.3M AUD in the last 24hrs, representing a -1.1% from the day prior.
How can I buy IoTeX (IOTX)?
IoTeX (IOTX) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of IoTeX (IOTX)?
The current market cap of IoTeX (IOTX) is $554.1M AUD.
Can I convert IoTeX (IOTX) to cash?
Yes - With Coinstash you can convert your IoTeX (IOTX) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many IoTeX (IOTX) are there?
The current circulating supply of IoTeX (IOTX) is 9.4B.
Is Coinstash a safe place to buy IoTeX (IOTX) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling IoTeX (IOTX) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.