IOTEN IOTN Price N/A

IOTEN is a scalable and secure blockchain network for the secure exchange of both value and data. Providing underlying infrastructure for online services that exceed the scalability requirements of a decentralized economy is IOTEN vision for the interconnected world. IOTEN will be a fully open, decentralized ledger. This ledger will need to be maintained and kept up-to-date, as an increasing number of people enter the IOTEN ecosystem.

IOTEN is an organization of numerous blockchains that are progressively orchestrated, where numerous blockchains can run simultaneously with each other while holding interoperability. In the IOTEN world, the root blockchain oversees numerous blockchains or subchains. A subchain associates with and interfaces with IoT gadgets that share something in like manner, e.g., they have a comparative useful reason, work in comparative conditions, or offer a comparative degree of trust. On the off chance that a subchain doesn't work well, e.g., being assaulted or encountering programming bugs, the root chain is totally unaffected. Likewise, cross-blockchain exchanges are upheld to move worth and information from subchains to the root chain or from one subchain to another by means of the root chain. The root blockchain is a public chain available by anybody, which has three primary targets:

• Relay rate and information across subchains in a protection saving way of empowering interoperability among subchains
• Supervision of subchains, e.g., punish the reinforced administrators of subchains by bond seizure
• Settlement and securing of installments and trust for subchains.

IOTEN will use Roll-DPoS consensus. Delegated Proof of Stake expands on the concept of Proof of Stake (PoS) by allowing users to select delegates to represent their stakes in the network. IOTEN will use cryptographic proofs to guarantee that no one can link your withdrawals to deposits unless you want them to. In technical language, we will use the zk-snark technology to do it.

Staking IOTN works via the Smart Staking mechanism. There is no need to freeze tokens or store them in any special wallets. Staking works for everyone, always. This generates passive income, keeps some tokens out of circulation, and encourages holding for the long term.

IOTEN's NFT Marketplace will be a one-stop-shop for all the needs of NFT creators and much more. Currently, the main issue with NFTs is that they are illiquid. IOTEN's proprietary technology solves this issue and brings true opportunity for all artists.