Recently, IoTeX released its development report for the second quarter of 2023, showcasing significant progress in multiple areas.



First of all, IoTeX's core product ioID is showing strong growth momentum. The number of device users has increased by 11% month-on-month, reaching 3,010, while the total number of validating devices has exceeded 11,900. This growth trend indicates that IoTeX is continuously gaining user recognition in the field of IoT identity verification.

In terms of artificial intelligence, IoTeX's Quicksilver AI platform has also made significant progress. In June alone, its data request volume surged by 43%, reflecting the rapidly increasing market demand for IoTeX AI solutions.

On the technical side, IoTeX has made significant upgrades to its L1 main chain. The block time has been halved to 2.5 seconds, while the transactions per second (TPS) capacity has increased to 2000. These improvements greatly enhance the network's performance and user experience.

What is even more worth noting is that IoTeX has launched a new project called Realms. This project is dedicated to building an open ecosystem that combines physical intelligence with AI infrastructure, promising to drive the emergence of more innovative applications in the future.

Overall, IoTeX demonstrated comprehensive progress in the second quarter, showcasing its leading position in the integration of IoT and blockchain through user growth, technological upgrades, and ecosystem expansion. These advancements lay a solid foundation for IoTeX's future development and are worth continued attention from the industry.
IOTX9.35%
L1-0.97%
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MEVSandwichVictimvip
· 08-07 14:50
It's quite solid, I have high hopes for it.
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SatoshiChallengervip
· 08-07 14:26
What is the difference between data inflation and bubbles? It's just to fool the suckers.
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BlockchainDecodervip
· 08-07 14:23
According to data modeling analysis, the throughput of IoTeX's Blockchain is still difficult to solve the L1 scalability bottleneck problem, it is recommended to follow Sharding technology.
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