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IoTeX Project Update #11— December 13 - January 23, 2019

Greetings everyone! We are back with our project update #11 for 12/13/18–01/23/2019 period. In the last month, our team has continued to work hard on developing and preparing for the release of our upcoming Mainnet Alpha code, we have put together and announced the IoTeX Delegates Program, listed on Bittrex exchanges, launched new campaigns for our communities and attended a few events. We have prepared this blog post as a recap of our recent achievements to share with our beloved community. Hope you enjoy!

We are kicking off 2019 with some big news — we are excited to officially launch the IoTeX Delegates Program! In the announcement blog post, we detail the Role of IoTeX Delegates, our Guiding Principles for designing IoTeX’s governance and crypto-economics, and the Minimum Requirements to become a Delegate. Let’s build a strong IoTeX Network together!

IoTeX Delegate Requirements

As block production and verification in the IoTeX network is managed exclusively by a pool of delegates, it is crucial that all candidates meet specific hardware, software, and operational requirements. These minimum requirements are set based on the fact that “the network is only as strong as the weakest delegate”, and are necessary to maintain full security and high performance of the IoTeX blockchain:

Application, Voting and Rewards

The governance design of the IoTeX network encodes the rules and processes that define how the network will reach consensus, incentivize network participation, and evolve sustainably over time. In this blog post, we provide an overview of the IoTeX Delegates Program, focusing on application, voting and election guidelines.

Interested in becoming a Delegate?

The Delegates election process will kickoff in February 2019 and the IoTeX Mainnet Alpha is expected go live in March 2019 — get excited! If you are interested in becoming a Delegate, please complete this form.

Exchange Listing Updates

IoTeX has officially been listed on Bittrex — one of the world’s premier exchanges! Retweet the following announcement and win a lucky draw on this Friday!

Technical/Development Updates

In the past month, our Tech team were busy working on the reliability and security aspects of IoTeX rootchain and preparing for the upcoming Mainnet launch in March, some of the work includes:

  • Finalize the design of delegates voting, ranking and rewarding
  • Finalize protocol params, e.g., epoch, block period, block gas limit and etc.
  • Integration of libp2p library for low latency and higher network throughput
  • Enabling non-k8s deployment on GCP and AWS, and hot swap-in of BPs
  • Refactor of consensus and db code to improve security and reliability, e.g., signature aggregation/validation, footer cleanup, segregation of indexing service and etc.
  • Migration to IoTeX address v2.0
  • Benchmark optimized-MPT (Patricia Merkle Tree) v.s. DSMT (Delta State Merkle Tree) to facilitate further improvement of tx-processing capability

Partnerships Updates

IoTeX is proud to join the China Mobile IoT Alliance, a union of global IoT and telecom enterprises, such as Huawei and ZTE. The alliance is focused on bringing frontier technology, products, and solutions to the IoT industry, and is led by China Mobile, the world’s largest telecom and mobile phone operator. As the first and only blockchain company invited to join the alliance, IoTeX will help bridge blockchain and IoT technology with real world use cases.

IoTeX will sponsor and partner with the University of Cincinnati to build a joint research and development laboratory, which will focus on privacy-preserving cryptography research and blockchain applications. As a privacy-centric blockchain, IoTeX has developed innovative blockchain privacy protocols​ (DKSAP-IoT) and will work with University of Cincinnati researchers and professors to further drive cutting-edge blockchain privacy research.​​

We’re excited to announce that IoTeX is live on BitUniverse Link! All the latest IoTeX updates and news will now be directly available on BitUniverse. Follow us and you’ll never miss out!

Media Coverage

Events & Conferences

From January 8–11, IoTeX showcased new IoT and privacy-focused innovations at the world’s largest tech conference — the Consumer Electronics Show (CES) in Las Vegas! We discussed the challenge of data privacy for consumers and their devices with hundreds of potential technology partners. Read our full press release to learn more about our week at CES and how we plan to enable full end-to-end security and data privacy for various IoT use cases.

The Biggest Trend from CES 2019: Data Privacy + IoT

With all of the new connected gadgets at the CES in Las Vegas, the hottest topic of the conference was data privacy for the Internet of Things (IoT). Check out more insights about IoTeX in CES 2019 in the following video!

IoTeX Co-founder Qevan Guo was invited to deliver a keynote speech at the Innovation Summit at CES along with Sony, TCL, Konka, and other major enterprises. During his speech, Qevan shared IoTeX’s blockchain-based TEE and privacy technologies for the very first time! We are excited to pursue real world applications of this technology with Summit attendees.

IoTeX had an amazing week at CES, and we are very proud to represent the blockchain world at the largest tech conference in the world! We met many potential partners here and enjoyed sharing our new blockchain & IoT product demos with media, investors, and techies! Stay tuned for a full CES recap.

IoTeX Head of BD, Larry Pang, delivered a speech during an IoT meetup at CES. We were invited by the distinguished Xavier Dalloz consulting firm to share IoTeX’s blockchain & IoT vision to a room full of IoT experts from France.

Thank you for sending lovely messages from all around the world to IoTeX during CES! Your messages were on displayed on our live ticker in the IoTeX booth to everyone at CES!

IoTeX Head of BD Larry shared insights on Blockchain & IoT at the InnovPRIME “IoT and Connectivity Summit” on Jan 16 in San Francisco. Great times networking with Intel, Samsung Catalyst, Bosch, BT, and XD Innovation!

Community Updates & Campaigns

We are excited to be featured on Forbes! Enter our lucky draw by re-tweeting this post!

As our early supporters know, we love to keep our community updated with news and progress of our project through various channels, including our weekly News Digest Videos with Alina on the official IoTeX YouTube channel! In order to make these videos more valuable to our supporters, we would like to introduce a brand new community rewards campaign around it! As our News Digest videos come out weekly on Sundays, this is when this new campaign will take place as well. We hope you will find this campaign interesting and fun!​

It’s been an amazing and successful year for IoTeX — we wouldn’t be where we are today without you! Thank you for supporting us throughout 2018, and we are looking forward to continuing our great progress in 2019 and beyond. From all of us here at IoTeX, we wish you and your families a happy holiday season and New Year!​

IoTeX Ambassadors Program

As we are growing fast on tech and partnerships development, we would like to continue focusing on our long-term success and grow our community in more regions and countries. Based on this initiative, we have launched the IoTeX Brand Ambassadors Program! Join us to build a stronger ecosystem together.

Please note: PHASE 2 has closed on January 13 and we have contacted all of the selected candidates. PHASE 3 is currently open and you can review the details and application form here:

IoTeX News

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About IoTeX

Founded as an open-source project in 2017, IoTeX is building the world’s leading privacy-centric blockchain platform for the Internet of Things (IoT). Their mission is to build a decentralized trust fabric for a new era of collaboration and data exchange among devices, applications and people. Backed by a global team of research scientists and top engineers, IoTeX combines blockchain, trusted hardware and edge computing to realize the full potential of IoT.

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Founded as an open source platform in 2017, IoTeX is building the Internet of Trusted Things, an open ecosystem where all humans, machines, and businesses can interact with guaranteed trust and privacy.

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