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IoTeX Fundamental Analysis
IoTeX is an innovative privacy-conscious blockchain with a vision to power the Internet of Things (IoT). IoT is a name for the system that encompasses all existing smart devices that can connect to the internet. The concept behind IoTeX – creating the Internet of Trusted Things – builds on the idea of the IoT. The IOTX platform combines blockchain with confidential computing and decentralized identifiers to create an entirely unique network where humans, devices, and businesses can safely interact. IoTeX plans to build a system that will make autonomous device coordination a reality. IoT requirements make using a single blockchain inefficient. This is why IoTeX will utilize sidechains for each specific function, making transactions and computation more efficient. Different smart devices have varyingly different needs. The new project will address these needs separately through simpler lightweight sidechains. All blockchains will be rooted in the main chain and will be able to run alongside each other while being interoperable. All in all, IoTeX is a promising and ambitious project that may have a never-before-seen impact on businesses and private consumers: the system boasts a forward-thinking agenda and progressive technology; integrating at-home smart devices will allow users to create their own private subchains; the project has a credible team and a host of notable investment partners; implementing sidechains that will engage with the needs of different devices will maximize the efficiency of the blockchain; IoTeX will implement security measures to ensure the complete privacy of users and their transactions.
IoTeX Live Price Chart
IoTeX Technical Analysis
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