Making Money, or in other words, creating assets has become quite easy with the rising popularity of cryptocurrency but with a risky proportion. And now that you are in the right place now, you will get a step-by-step guide on how to start buying and trading cryptos.
So, Let’s deep dive in the world of cryptocurrency and get the answers to the most common questions – What Is Iotex Crypto
What is iotex cryptocurrency?
It is the only cryptocurrency in the relatively new industry and has a lot of interesting features that are bound to improve the sector through blockchain technology. IoTeX is the first cryptocurrency platform to cater to the needs of businesses in the growing IoT industry.
How does iotex protect the privacy of my data?
IoTeX has included several mechanisms to ensure the privacy of users and transactions is preserved. One way it does this is through the use of ring signatures. It adds to this with a relayable payment code to hide the address of the transaction receiver. Confidential Transaction with Public Veriﬁability. Image via IoTeX Whitepaper
What is the iotx token used for?
IOTX is an ERC20 token that serves as the network 'fuel'. It is required to use certain designed functions on the IoTeX Network such as executing transactions and running the distributed applications on the IoTeX Network.
What is the iotex mainnet?
Since April 2019, the IoTeX mainnet has been operating glitch-free and is managed decentralized by >60 Delegates, including Blockfolio, CoinGecko, and DraperDragon. It also has a global community of over 100,000 people from over 100 countries who are united by a common vision for the Internet of Trusted Things.