Iotex To Participate In Ieee Internet Of Things Initiative World Forum On October 27th

IoTeX is set to host the inaugural international workshop on decentralized physical infrastructure networks (DePIN) on October 27th. This event is part of the IEEE Internet of Things Initiative World forum. IoTeX is an open-source blockchain platform designed for the Internet of Things (IoT) with a focus on scalability, privacy, isolation, and the ability to develop decentralized applications and IoT ecosystems. 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,” with the main network responsible for network management and security, and internal blockchains 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 network governance.