IoTeX Will Participate in Digital Asset Summit in New York on March 18th-20th

IoTeX will participate in Digital Asset Summit in New York on March 18th-20th. Refer to the official tweet by IOTX:

IoTeX, a blockchain platform focusing on the Internet of Things (IoT), will be joining Digital Asset Summit in New York.

What IoTeX Is

As explained by the official website, IoTeX is an open-source blockchain platform designed from the ground up for the Internet of Things (IoT), with a strong emphasis on scalability, privacy, isolation, and the ability to develop decentralized applications and IoT ecosystems.

While existing IoT ecosystems today face significant technical challenges—including security issues, high maintenance costs, and scalability limitations—IoTeX is introducing a new blockchain architecture to support a large number of IoT devices.

At the heart of the IoTeX network lies the concept of ‘blockchain within a blockchain.’ The main network, or ‘root blockchain,’ handles network management and overall security, while internal blockchains, or ‘sub-blockchains,’ are assigned to manage various IoT devices and process transactions.

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

The platform also boasts a programming language, denoted as "SA" in the official documentation, designed for smart contracts on the IoTeX blockchain.

The structure of the programming language appears to be based on a variant of the C programming language, featuring familiar syntax and constructs.

The language integrates unique features for interacting with the Internet of Things (IoT) devices and handling the specific requirements of decentralized applications within the IoTeX ecosystem.

Where to Follow IoTeX

To learn more about the project, interested parties are invited to follow the official Twitter account, @IOTX.