IOTEdge Network price is $0.00104477
The current price of IOTEdge Network (IOTE) is $ 0.00104477. In the last 24 hours, the price has increased by +0.00%%.
IOTEdge Network (IOTE) is a project aimed at creating a decentralized infrastructure to support the Internet of Things (IoT). It leverages blockchain technology to ensure secure and efficient communication between IoT devices. IOTEdge Network proposes to solve common issues in IoT like security, scalability, and interoperability by providing a robust platform for IoT devices and applications.
IOTEdge Network is developed by a team of professionals with expertise in blockchain technology, IoT frameworks, cybersecurity, and network architecture. The team's goal is to bridge the gap between blockchain and IoT, creating a seamless, secure environment for the growing IoT ecosystem.
IOTEdge Network works by utilizing a distributed ledger technology that allows IoT devices to communicate securely. It employs edge computing principles, where computation is performed close to the data source, reducing latency and bandwidth use. Devices on the network can transact and exchange data without the need for a centralized authority, resulting in increased efficiency and reduced costs.
IOTEdge Network's uniqueness lies in its integration of blockchain with edge computing for IoT. This combination aims to address common bottlenecks in IoT, such as the centralized model for data processing, which can create single points of failure and scalability issues. By decentralizing IoT networks, IOTEdge promises increased security, privacy, and uptime for IoT devices and their users.
IOTEdge Network's technology is structured around a scalable and secure blockchain to record and verify transactions between IoT devices. It also implements edge computing to process data locally on the devices themselves or on nearby computing nodes, minimizing the need for long-distance data transmission and processing in centralized clouds.
IOTEdge Network's market cap rank is #1, with a market capitalization of $ .
The total supply of IOTE tokens, which fuel the IOTEdge Network, is 1000.0M.
You can purchase IOTEdge Network (IOTE) on the following exchanges: BigONE.
The circulating supply of IOTEdge Network (IOTE) is . This indicates the number of tokens currently available and being used or traded in the market.
The IOTEdge Network secures its ecosystem through advanced cryptographic techniques and consensus mechanisms that are inherent to its blockchain architecture. By distributing the network across numerous nodes, it ensures that there is no single point of failure and enhances the overall security of the IoT devices connected to its network.
Participants can get involved with the IOTEdge Network by becoming nodes on the network, developing applications that run on the IOTEdge infrastructure, or by making use of IOTE tokens to engage in transactions within the network's ecosystem.
Storing IOTE tokens safely involves using reputable cryptocurrency wallets that support the token. Users should opt for hardware wallets for higher security or reliable software wallets for convenience. It is crucial to keep the wallet's private keys secure and perform regular backups to protect against accidental loss.
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