IoTeX to Participate in R3al World in Hong Kong on April 8th

IoTeX is continuing its world tour with the next stop in Hong Kong with the R3al World event on April 8th. The event is co-hosted by Foresight Ventures, FutureMoney Group, and Web3Labs.club.

Refer to the official tweet by IOTX:

IOTX Info

IoTeX (IOTX) is an open-source blockchain platform specifically designed for the Internet of Things (IoT) with a strong emphasis on scalability, privacy, isolation, and the ability to develop decentralized applications and IoT ecosystems.

IoTeX was created to address the technical challenges faced by existing IoT ecosystems, such as security issues, high maintenance costs, and scalability limitations. The project is developing a new blockchain architecture to support a large number of IoT devices.

At the core of IoTeX is the concept of "blockchain within a blockchain." The main network, or "root blockchain," is responsible for network management and security, while internal blockchains, or "sub-blockchains," are used to manage various IoT devices and process transactions.

The IoTeX network utilizes its native token, IOTX, for operations such as transaction fee payments and participation in network governance.