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The Internet of Things has rapidly evolved over the past few years, but lacks real world “killer applications”. Despite the massive potential of IoT, there are roadblocks ahead, such as lack of scalability, privacy concerns, and lack of functional values. IoTeX is solving these problems by building an auto-scalable and privacy-centric blockchain infrastructure, leveraging the blockchain-in-blockchain architecture for heterogeneous computing, fast and robust Roll-DPoS consensus scheme, and lightweight privacy preserving techniques. IoTeX's mission is “connecting the physical world, block by block.”

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IoTeX Rating Update

IoTeX is dedicated towards creating a decentralized IoT platform with scalability and privacy protection. The support of different IoT devices is able to be provided by a sub-chain approach and cross-chain mechanisms, and there is a built-in privacy protection mechanism. The project is expected to be officially launched in the first quarter of 2019 with a fully functional Alpha main network. The project has now implemented sub-chain functions, cross-chain communications, browsers, and a open-sourced IoTeX test network, allowing communities to conduct transactions and create DApps through it.
Coin Bureau

IoTeX (IOTX) | Rating: 8/10 | Outlook: Positive

IoTeX is developing a privacy centric blockchain that will connect numerous internet connected devices (IoT). They will do this with a protocol that provides flexibility and scalability through the use of side chains and proof-of-stake. The IoTeX ecosystem will include a number of different blockchains with a main root chain. It can then be thought of as a "blockchain-within-a-blockchain". There will be a number of other features that is to be included in the IoTeX protocol. There will be privacy through the use of ring signature technology. It will also allow for cross-blockchain communication through the use of "pegging" and block finality. IoTeX also uses a unique consensus mechanism called the Roll-DPoS. This consensus mechanism is able to address many of the flaws that are present with standard Delegated Proof of Stake (DPoS). The IoTeX team has an extensive background in cryptography, machine learning and cryptocurrencies. IoTeX has also been able to secure a number of partnerships in the blockchain ecosystem. The team is active in their GitHub repo and are working towards their roadmap. They are communicative with their community and have been awarded the Binance gold label status. The native token of the IoTeX protocol is the IOTX token. This is currently an ERC20 token but will be converted to a new utility token when IoTeX launches their mainnet in 2019. The team completed a private sale ICO in February of 2018 and were able to raise $14 million. Not long after the ICO, the IOTX tokens hit the exchanges. There was an initial rally in the prices after listing but the tokens have subsequently retraced with the rest of the crypto markets. Almost 90% of the volume of the tokens is done on one exchange (Binance). This means that liquidity could be a problem should volume slow down on one exchange. The tokens are more volatile than similar sized altcoins.

IoTeX | Rating: B | Outlook: Stable | Risk: Medium

IoTeX is committed to building a privacy-focused IoT (Internet of Things) decentralized network. IOTX is the project token, working as transaction fee for its ecosystem and part of a governance mechanism for its holders. The project secures privacy by hiding the sender’s address in their ring signature technology. The second version of the testnet Strive was released in late June, 2018. However, its self-built consensus algorithm Roll-DPoS remains to be tested.