IOTEN (IOTN) Coin Complete Detailed Review About IOTEN

Introduction IOTEN (IOTN)

IOTEN (IOTN) mission is to realize a seamless ecosystem in which humans and machines can interact with each other with guaranteed trust, free will and privacy. envision the future where users, not institutions, can fully control their devices and data. No intrusive advertising or surveillance, only privacy and peace of mind. ​ mission is to establish a new privacy paradigm for smart devices and elevate device manufacturers and users to new heights.

IOTEN The Internet of Things (IoT), refers to the billions of physical devices around the world that are connected to the internet, collecting and sharing data. Connecting up all these different devices, enables them to communicate real-time data without involving a human being. The Internet of Things is making the fabric of the world around us smarter and more responsive, merging the digital and physical universes.

IOTEN (IOTN) Point Table

Who Are The Founder Of IOTEN (IOTN) ?

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IOTN Price Live Data

IOTEN (IOTN)The live IOTEN price today is $0.000321 USD with a 24-hour trading volume of $575.95 USD. update IOTN to USD price in real-time. IOTEN is up 1.18% in the last 24 hours. The current CoinMarketCap ranking is #6220, with a live market cap of not available. The circulating supply is not available and a max. supply of 10,000,000,000 IOTN coins. If you would like to know where to buy IOTEN at the current rate, the top cryptocurrency exchange for trading in IOTEN stock is currently PancakeSwap (V2). You can find others listed on crypto exchanges page.

Tokenomics

• 1% Transaction fee is redistributed among all IOTN holders

• 1% Transaction fee is burned after every transaction

• Total Supply: 10.000.000.000 IOTN

IOTEN aims to be a fast, Deflationary

IOTEN (IOTN)“ultra-secure” and decentralized blockchain network. IOTEN seeks to democratize access to DApps, linking the physical and digital worlds, providing value to users and fueling the new economy of the machines. Users of decentralized network, developers, and businesses that control and use the platform collaboratively will build the interconnected IOTEN network. IOTN is native token of the IOTEN network which powers Internet of things(IoT) devices with DApps.

IOTN will be used to pay transactions, managing and governing the IOTEN network, registering new devices, backing NFTs with IOTN in native NFT Marketplace and also TEN wallet fee reduction. In order to compete with other similar niched blockchains, IOTEN will rely on its randomized delegated proof-of-stake protocol (Roll-DPoS) and zk-SNARKS to improve the scalability and security of its blockchain. Currently, IOTEN has Smart Staking and deflation system implemented. A part of company’s profits will be used to buy back and burn IOTN tokens from exchanges.

Scalability Problem

IOTEN (IOTN) Most of IoT gadgets are associated and controlled in a concentrated manner as of today. IoT gadgets are associated with back-end foundations on open cloud administrations or on-premise server homesteads to send information and get control orders. At present, the size of IoT is bottlenecked by the adaptability and flexibility of these back-end foundations, servers, and server farms. The generously high working cost of running the size of IoT is probably not going to be covered by the benefit from selling gadgets.

Benefits

By embracing blockchain innovation, IoT promptly profits by the accompanying angles on account of blockchain’s properties including decentralization, Byzantine issue resistance, straightforwardness and changelessness.

Proof of Work

IOTEN (IOTN) Proof of work (PoW) is the main driver in arriving at the worldwide agreement of most blockchains, including Bitcoin and Ethereum. PoW makes it computationally hard to build a legitimate hinder and append it to a blockchain. The more extended the blockchain turns into, the harder it is to invert any exchange recorded already by the blockchain. To control the blockchain, an aggressor needs to possess 51% of the entire calculation force of a PoWbased blockchain network.

Proof of Stake

IOTEN (IOTN) Proof of Stake (PoS) was proposed as a proficient option in contrast to PoW for blockchains arriving at agreement, which plans to stay away from the previously mentioned issues of PoW. The fundamental thought of PoS is that a haphazardly picked set of hubs vote on the following Block, and their votes are weighted dependent on the size of their stores (for example staked amount).

Roadmap

Faq Of IOTEN (IOTN)