IoTeX and IOTA are two cryptocurrencies that are looking to connect IoT and cryptocurrency to improve efficiency and security.
| All data is as of 2:47 CST on 7/25/20 | IOTA | IoTeX |
| Started | 19 December 2015 | 14 February 2018 |
| Marketcap | $758,797,699 (50586513h 16m) | $40,388,725 (2692581h 40m) |
| Max Supply | 2,779,530,283 | 10,000,000,000 |
| Total Supply | 2,779,530,283 | 9,734,304,443 |
| Circulating Supply | 2,779,530,283 | 5,134,304,442 |
| Price | $0.27 (0h 2m)3020 | $0.00 (0h 0m)786684 |
| Consensus | Tangle | Roll-DPoS |
| Centralized or Decentralized | Centralized | Decentralized |
| Tx Confirmations | via Centralized Coordinator Server | via 36 Consensus Delegates |
| Finality | Within seconds (centralized coordinator) | Instant |
| Fees | Feeless (so they say) | Extremely Low Fees (1% of a penny) |
| Partnerships | Many partnerships | Has partnerships, but not as many as IOTA |
| Products | I was unable to locate an actual product powered by IOTA | – Ucam is on the market now & rivals any other security camera available buy at ucam.iotex.io – Pebble Tracker is under development & will soon be released |
| Industry Standing | – MOBI – Linux Foundation – Chamber of Digital Commerce -FIWARE – data .austintexas.gov – Austin City UP – INATBA | – Co-chairs of the Industrial Internet Consortium (IIC) – Advanced Corporate Members of the IEEE Standards Organization – Confidential Computing Consortium (CCC) – Solid collaborations with Nordic Semiconductor and Tenvis |
This isn’t an all-inclusive list of every comparison. I just wanted to highlight some of the key points to show how undervalued IoTeX really is. If you’re a new entrant into cryptocurrency with an interest in IoT, it’s pretty much a no-brainer which crypto asset has the most value for your $$$. We also can’t overlook how centralized IOTA is in its current state. We keep hearing that this is temporary, but IOTA has been building for several years and they are still centralized.
IoTeX offers a fully decentralized blockchain with unbelievable transfer speed and finality. They’ve recently onboarded 5 new projects to build on IoTeX. The projects represent the following areas: Healthcare IoT, big data, e-commerce, analytics, and gaming. These projects are joining as part of IoTeX’s Halo grant program: https://iotex.io/halo
Here is a brief description of the projects:
- HealthBlocks: proactive and private healthcare service that allows users to own, analyze, and manage their health data
- Helix: integration of IoTeX blockchain data to BigQuery, Google’s open-source data platform, for advanced analytics
- Metanyx: integration of IoTeX with WooCommerce for IOTX and XRC20 payments on over 3 million E-commerce sites
- Smart Stake: detailed analytics dashboards for IoTeX stakeholders for Delegate performance, rewards, and more
- GameFantasy: integration of IOTX & VITA to web-based gaming ecosystems to fuel decentralized currency/points
In addition to this, IoteX’s groundbreaking Ucam will be available on Amazon very soon, which will ensure even more adoption. It can currently be purchased on ucam.iotex.io
The future is very bright for IoTeX. Not to take anything away from IOTA, but IoTeX is miles ahead in terms of delivering on what they set out to do. And this is even with IOTA having a head start by multiple years. IoTeX’s value speaks for itself. check out their website, follow their social media, and you will see the hardest working team in crypto deliver day after day.
Nice, I sold my IOTA into IOTEX ages ago. Agree with your final comment.
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