IoTeX, a decentralized network for IoT powered by
a privacy-centric blockchain with four major innovations:
• Blockchains in blockchain for a well-balanced distributed network that
maximizes scalability and privacy in a cost-effective way;
• True privacy on blockchain based on relayable payment code, constantsize ring signature without trusted setup, and first implementation of
• Fast consensus with instant finality greatly improving the throughput of
the network and reducing transactional cost;
• Flexible and lightweight IoTeX-based system architectures purpose-built
for key IoT applications across multiple industry sectors.

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