Hassan Maishera
The IoTeX team unveiled IoTeX 2.0 in an X post on Wednesday, signaling the upgrade of the IoTeX L1 blockchain into an open Modular Infrastructure for all DePINs. IoTeX 2.0 is embarking on a new roadmap to onboard 100 million devices and unlock trillions of dollars in real-world value on-chain within the next 3-5 years.
The upgrade comprises key aspects, including the DePIN Infrastructure Modules (DIMs). These modules cover the entire DePIN tech stack, from hardware abstraction to off-chain computing.
Projects can inherit security from IoTeX L1 and other major L1s, acting as a security anchor for the entire network. Regarding tokenomics, the IoTeX 2.0 tokenomics balances inflationary staking rewards with deflationary burning based on usage, while incentivizing DePIN dApps and L2s to leverage its modular infrastructure.
IoTeX's mission is to be a privacy-centric blockchain managing the entire information lifecycle of an Internet of Things (IoT) network, including data collection, transport, storage, and utilization. IOTX is up by 4% today and is currently trading at $0.04807.
