IoTeX could take the place of IOTA as the only full-features Blockchain for IoT

[StarkTony]

I do not know how many of those interested in the intersection of the blockchain with the Internet of Things have actually noticed the IoTeX project (www.iotex.io). While the only noteworthy project in the sector still remains IOTA, it is undeniable that it'is still far from being a network that can be used in production due to the highly unknown technologies it is based on and all the hard work the IOTA team has to go through before they come to a stable and features-full product suitable for real-world use.

On the other side, the IoTeX team, made up of over 10 scientists researchers, plus numerous engineers from giants such as Google, Facebook, Uber, Bosch, etc., has not only designed the perfect blockchain to act as the infrastructure for the future IoT, but they are promptly releasing excelent and working code, following a though roadmap that will lead to the Mainnet Alpha already by the end of 2018 (mainnet preview expected by the end of October, and Testnet Beta by end of this month).

The IoTeX blockchain is designed to be operational right from day one, and is the only one to provide unlimited scalability (through subchains and crosschain communication), high transactions volume that grows together with the blockchain, instant transactions, total privacy (covering sender, recipient and transaction amount), proprietary lightweight encryption algorithms optimized for running on embedded devices, smart contracts, and much more.

In line with what the Team anticipated in June, just a few weeks befor the beta test release (expected by end of August), the team's strategic partnerships publication has just started: a few days ago the first strategic partnership was announced (https:/[Suspicious link removed]/41nllyjnrR) with Lineable (https://www.lineable.net/), a Korean company that works together with the local giant SK Telecom and with the Korean police, for the production of at least 1,000,000 devices tracing the health of Alzheimer's patients, that will use the IoTeX blockchain for communication and data transfer!

Once the mainnet has been released, IoTeX will in fact be the only blockchain which is actually working for IoT devices, and which provides all the fundamental features required by the Internet of things: massive scalability, high transaction volume, instant transactions, total privacy, smart contracts and low power devices support.

I highly suggest anyone to look into this project!

Web site:
www.iotex.io
Official Telegram Group
www.t.me/IoTeXGroup

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[zimne]

By the way, they just announced a new strategig partnership!

https://t.me/iotexchannel/366

[CryptoAlphaStar]

I think Streamr DATA coin is much better than both IOTA and IoTeX. These guys have been working silently for years, they have a working platform that is proven to work and not just some vaporware. They are not very aggresive with marketing, though and going under the radar, I think.

[ImHash]

I think Streamr DATA coin is much better than both IOTA and IoTeX. These guys have been working silently for years, they have a working platform that is proven to work and not just some vaporware. They are not very aggresive with marketing, though and going under the radar, I think.

I have heard the same story from other developers, They all claim that their sh*tcoin is better than others just like bitcoin cash shills believe that their sh*tcoin is better than bitcoin How many sh*tcoins do we have with the same claims? If you can't mine a coin then it's better to not invest because they have the coins and sell them to you to get rich.

[Fragbait]

Yeah, just post the whitepapers here and they'll be ripped to shreds.

[chokomenia]

I don't really know much about IOTA but i know more about IoTex because i have invested in the project and I think the future of the project is really good, they might be the future IoT powered devices. But we can't conclude yet, the future will tell which one will be the better one.

[zimne]

I think Streamr DATA coin is much better than both IOTA and IoTeX. These guys have been working silently for years, they have a working platform that is proven to work and not just some vaporware. They are not very aggresive with marketing, though and going under the radar, I think.

From what I know, Streamr DATA is a very solid and long time developed project, but it's focused on a specific application (data streaming), while IoTeX aims to become the infrastructure of the IoT i.e. if you are a IoT device manufacturer, you can start your own subchain off the IoTeX network and immediately get a blockchain for your own devices which is tailored for your devices. Indeed you can decide wether your subchain requires full privacy or not, if it requires its own token or not, and still your devices will be able to interact almost instantly with any other device located into any other subchain thanks to an advanced cross-chain communication capability.

Thanks to their DKSAP-IoT innovation (and many more to come) IoTeX can run caomplicated cryptography to achieve full privacy even on low-powered devices. Very soon it will be very easy for any manufacturer (wheter it is about personal IoT devices, autonomous cars, or home appliances manufacturer) to release its own IoT full fledged blockchain very easily. It's expected thousands of subchains to be started in the beginning by small IoT manufacturers, all of them able to communicate each other very quickcly (see the IoTeX own Roll-DPoS consensus, which allows for instant finality of transactions and massive scalability of the network), allowing for smart contracts, full privacy and much more.

The IoTeX blockchain is based off extremely solid technologies which have beed (and are being) innovated by one of the most knowledgable and reliable teams in the blockchain space, please have a look at the official website www.iotex.io!

I highly suggest you to join the official Telegram group for a while to get an idea of the top level team behind this project: https://t.me/IoTeXGroup

Here the link to the White paper: https://iotex.io/white-paper
Here the link to the Yellow paper: https://iotex.io/yellow-paper
Here the link to the DKSAP-IoT paper: https://iotex.io/dksap-iot
Here the link to the roadmap: https://imgur.com/4FnpoB8

[zimne]

Yeah, just post the whitepapers here and they'll be ripped to shreds.

Please check out my answer above. Have a look at this project carefully because this is something revolutionary. When I say "revolutionary" I mean the IoTeX innovations are industry-oriented thus absolutely solid and designed to be effective and working just immediately for any IoT manufacturer: no matter the device, no matter the application - IoTeX Blockchain is focused on IoT as a whole, and delivers all the required features (over all, massive scalability, instant finality and full privacy and smart contracts), in one single solution ready to be put at work tomorrow!

[Hilde X]

What I like about IoTeX is that they put much emphasis on privacy and security.

IOTA has its issues with that and had to recentralize due to this as far as I know.

[ezpzjv]

I hear a lot about IOTA and their amazing partnerships -- I don't follow them that closely so is there any partnership they have that they have actually developed deep use cases that are under way? It seems to me that they're extremely strong on their marketing forefront but I am not too sure their technology is following up and is able to have a substantial and functional network yet.

I read recently of IoTeX's partnership announcements and while the team isn't pushing their marketing as hard as IOTA is and IoTeX is only in their testnet phase, their technical features make them very promising to be the blockchain project that can be the ultimate infrastructure for IoT as a whole.

[StarkTony]

Yeah, just post the whitepapers here and they'll be ripped to shreds.

User zimne above posted the whitepaper and other papers links, I’ve read them (well, I could only understand 10% of the Yellow Paper and DKSAP-IoT Paper as they are all about mathematics and cryptography innovations, but the whitepaper which is still an academic paper itself can be read if you have intermediate  engineering/math education).

Let’s take the full-privacy algorithm which IoTeX provides (and improved over the Monero algorithms by making them lightweight and capable of running on low power devices): I think apart of (legal)e-commerce and few other applications, most IoT uses wil require full privacy. Think even to the basic E-Charger application of IOTA: how hard it would be for people who knows your car id on the Iota network (say the car manufacturer or your husband/wife) to track the places you have been to?

[kronos123]

Just discovered this small and precious pearl in a sea of ​​Shitcoin!
I do not know if it will be bigger than Iota but there are two factors to consider and keep in mind:
1) until now Iota does not have a wallet and working nodes, and maybe this is what penalizes so much
2) Iotex is now worth 1/100 of Iota ($ 13 million only) and has just started to make announcements about its partnerships, and is respecting the roadmap in a perfect way.

These announcements of its partnerships announced:

https://medium.com/iotex/iotex-lineable-partnership-expanding-the-reach-and-impact-of-wearables-with-blockchain-7ef1e253700d

https://medium.com/iotex/iotex-lianan-technology-partnership-formally-verifying-the-security-of-iotex-872f64dda523

https://medium.com/iotex/iotex-smarthab-smart-buildings-and-cities-powered-by-iotex-508921155e34

Finally, Iotex is one of the few Coins in the market to sponsor the Crypto 2018 event to be held in the USA, among the most important conferences in the sector
https://crypto.iacr.org/2018/

[MISS_nSTASSY]

I guess any coin that develop in IoT direction says that it will replace IOTA but even IOTA don't have any clear products for this industry right now.
I got some coins that I have earned during the airdrop campaign. Don't sell them, it is in the bottom now anyway. But I can't see IoTeX beat IOTA out of it's place when IOTA has such strong developer team. Maybe I am wrong, time will show

[StarkTony]

But I can't see IoTeX beat IOTA out of it's place when IOTA has such strong developer team. Maybe I am wrong, time will show

mmm.. I don't think this is a matter of one development team which is better than the other - though IoTeX can count on a team extremely well balanced among Research Scientists (so far 10+), top tier engineers from Google, Facebook, Uber, Intel, Bosch, and experienced ecosystem builders (check out the curriculum of Jing Sun, she led 40+ investments in blockchain, security, and IoT!).

Rather, I think it's a matter of design: IOTA may have a huge development team, but if they have to spend all of their energy in trying to overcome the IOTA limitations due to it's DAG design trying to adapt it to IoT, then all that "development power" is just wasted. IoTeX has a very clear design, where each and every aspect required by most IoT applications is taken into accound in advance using proven technologies and innovating those where it's required. Innovations happen thanks a very solid academic background of the Ph.Ds and Research scientists who are part of the team, through the common Academic Paper Publication and Scientific community review process.

I think this is a very solid and promising approach that, according to the roadmap, will give its results very soon. Indeed in August they just launched their partnerships program online and have partners with real-world applications ready to be developed ranging from health-tracking IoT devices to IoT-collected data marketplace, to Smart Home devices. All of them leveraging the unique IoTeX full privacy feature, smart contracts and Instant consensus.

Honestly guys, I think this is really going to revolutionize the IoT industry on next year.

[zimne]

I want to bring to your attention this important update from the IoTeX Team: due to the current market condition after a month of discussions with the team members and all of their private investors, the IoTeX team announced they will delay the token unlock schedule by 6 months. This will affect the team members tokens and private sale investors tokens. Therefore, the most part of the tokens expected to be unlocked in August and November 2018 (except for the Community rewards tokens), will be unlocked starting from February 2019.

Check out the official announcement here: https://goo.gl/Qw1P1M

If someone still had doubts about the IoTeX project, this is the definitive proof of how serious this team and project are. I've never heard of a team developing a blockchain deciding to delay their own tokens release, and even more never heard of a team so commited about their project and the community to be able to openly discuss this with their private investors and all together come to the conclusion of delaying their own tokens unlock event.

Also, professional and on time communication as usual, and as it's expected by a great team aiming to become the IoT blockchain leaders.

[makishart]

I have a question for you, Do you consider IOTA as a blockchain? A lot of experts have been saying the different thing regarding it. It can't even be called as a blockchain system. It's DAG system that use the centralized server as the base to validating the transaction

[icohunter1024]

 IoTeX was co-founded by Raullen Chai, Qevan Guo, and Jing Sun all of them have great experience and knowledge. IoTeX aims to create an IoT ecosystem that allows IoT devices – like smart devices – to interact with each other over consistent governing rules. The platform “connects the physical world block by block” with a digital currency called IOTX, which allows for seamless transactions over the IoTeX network.

[kronos123]

In a few hours the official launch of the Beta Testnet, called EPIK, completely open source.

https://iotex.io/

One more step forward and always precise and punctual in respect of the roadmap, in addition to the professionalism of the team that has postponed the release of their token, given the unfavorable moment of the market.

[IoTeX_io]

Thank you for your support! Our team is always working very hard in order to deliver tech developments on time and as per our roadmap. As you have mentioned, the Testnet Beta has been released and now you can find all additional information on it here:
Blog
Demo
Code

In a few hours the official launch of the Beta Testnet, called EPIK, completely open source.

https://iotex.io/

One more step forward and always precise and punctual in respect of the roadmap, in addition to the professionalism of the team that has postponed the release of their token, given the unfavorable moment of the market.

[kronos123]

Wonderful news for investors and for all those who believe in the IOTEX project: the only blockchian project that participates and sponsors the conference Cryptographic Hardware and Embedded Systems (CHES 2018), thanks to the head of IoTeX cryptography, Dr.Xinxin Fan!

https://medium.com/iotex/iotex-officially-sponsors-cryptographic-hardware-and-embedded-systems-ches-conference-fbe257880b19