IoTeX Launches Version 2.0 to Advance DePin Ecosystem

IoTeX Launches Version 2.0 to Advance De-Pin Ecosystem

IoTeX has launched Version 2.0, marking a significant step in its focus on decentralized physical infrastructure networks (DePin). This upgrade aims to transform the development and scalability of DePin projects, propelling IoTeX into a new phase.

Ambitious Roadmap

• Integration Goal : Plans to integrate over 100 million devices.
• Value Creation: The upgrade aims to unlock trillions of dollars in real-world value on the blockchain within the next three to five years.
• Innovative DePIN Infrastructure Modules (DIMs)

At the heart of IoTeX 2.0 are the DePIN Infrastructure Modules (DIMs), which cover the entire DePin technology stack, from hardware abstraction to off-chain computing. This modular approach allows projects to adopt specific technology layers tailored to their needs, enhancing efficiency and flexibility.

Collaborative Ecosystem

IoTeX’s development team provides foundational implementations for several DIMs, while partnering with various infrastructure builders to develop other modules. This collaboration optimizes each component for performance and interoperability.

Modular Security Pool (MSP)

A significant innovation in IoTeX 2.0 is the Modular Security Pool (MSP). Projects can inherit security from IoTeX L1 and other major L1s, serving as a security anchor for the entire network.

Expanded Tokenomics

The updated tokenomics of 2.0 expands the utility of the IOTX token. It introduces meritocratic principles that reward stakeholders based on their contributions, balancing inflationary staking rewards with deflationary token burning, depending on usage. This is designed to foster the growth of decentralized applications (dApps) and Layer-2 solutions (L2s).