[IoTeX L1] DePIN Blockchain
Last updated
Last updated
This documentation portal is currently undergoing updates to align with the IoTeX 2.0 Whitepaper release. Information provided here may be incomplete, or out-of-date. Please use this portal for preliminary reference only, and check out the official IoTeX 2.0 Whitepaper for updated information.
.2024 | IoTeX
The Blockchain Layer acts as the trust anchor of a DePIN application, managing participant identities, transactions, device data, and status, among other functions. It also handles crucial tasks such as verification of off-chain computations, orchestration of machine networks, distribution of token rewards to DePIN miners, and on-chain governance.
Inspired by Ethereum, the IoTeX blockchain pioneers innovative solutions to address challenges related to blockchain scalability, which is paramount in Decentralized Physical Infrastructure Networks. IoTeX makes it easy for Web3 developers to create trustworthy and decentralized applications that benefit from instant transactions with 1-block finality and a transaction fee of under $0.001.
Don't know what blockchain is?
If you're unfamiliar with the foundational concepts of blockchain and Ethereum, we recommend starting with the official Intro to Ethereum.
| Block Time |
|---|
5 seconds |
| TPS |
|---|
1,000 transactions/s |
| Transaction finality |
|---|
Instant finality (all blocks are final, forks are not possible) |
| Validation & Consensus Algorithms |
|---|
Randomized Delegated Proof of Stake with PBFT ("Roll-DPoS") |
| IOTX Staking |
|---|
Token holders can stake on stake.iotex.io or directly inside ioPay mobile wallet |
| Ethereum Chain IDs |
|---|
4689 (IoTeX Mainnet), 4690 (IoTeX Testnet) |
| IOTX Total Supply |
|---|
9,444,302,397 (deflationary) - all tokens are already in circulation |
