IoTeX to Host Meetup in Washington on April 3rd
IoTeX is set to lead the DePIN Education Day in Washington on April 3rd.
Representatives will meet with members of Congress to demonstrate how Decentralized Physical Infrastructure Networks (DePIN) integrate cryptocurrency into the real world and its significance for the United States.
Refer to the official tweet by IOTX:
IoTeX@iotex_io四月 01, 2025IoTeX is heading to Washington D.C. 🇺🇸 with @BlockchainAssn to lead DePIN Education Day on April 3rd.
We’ll be meeting with members of Congress to show how DePIN brings crypto into the real world — and why it matters to all of America.
Follow along for live updates. pic.twitter.com/yBENyEvm3a
IOTX Info
IoTeX (IOTX) is an open-source blockchain platform specifically designed for the Internet of Things (IoT) with a strong emphasis on scalability, privacy, isolation, and the ability to develop decentralized applications and IoT ecosystems.
IoTeX was created to address the technical challenges faced by existing IoT ecosystems, such as security issues, high maintenance costs, and scalability limitations. The project is developing a new blockchain architecture to support a large number of IoT devices.
At the core of IoTeX is the concept of "blockchain within a blockchain." The main network, or "root blockchain," is responsible for network management and security, while internal blockchains, or "sub-blockchains," are used to manage various IoT devices and process transactions.
The IoTeX network utilizes its native token, IOTX, for operations such as transaction fee payments and participation in network governance.