“We have long been able to protect data at rest and in-transit with end-to-end encryption. But running code on that data required decryption — slicing open a gaping security hole that meant personal data was manipulatable by the third party that controlled the code. Confidential computing protects data in use for the first time by cordoning off a black box within the CPU that decrypts, computes on, and re-encrypts data so privately that not even the local operating system knows what’s happening. This is confidential computing.”

Every blockchain company worth its salt claims to be decentralized in one way or another. While decentralization is a protean term, there is one meaning that cuts to the bone of the concept: Decentralization means giving individuals power over the code that processes their data. …

150 million Americans made their voice heard on November 4th in a stunningly close and contentious election. But the election is only the roiling surface of the vast depths of the fight for the American Dream, that “life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement” regardless of circumstances of birth. Any fouling of the American Dream emanates from a rotten slab at its very center — the erosion of the Fourth Amendment and all it protects: “The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures.” We’ve come a long way from the days when the fourth was directed at Red Coats beating down front doors of revolutionaries. Modern violations of the fourth amendment are not physical. Not seen. Not touched. But felt. …

At IoTeX, our mission is to empower an Internet of Trusted Things — an open, borderless ecosystem where humans and machines can interact with verifiable privacy and trust. Turning our vision into reality requires not only robust technology and tokenomics, but also decentralized governance to ensure IoTeX provides value to its users and stakeholders, not profit-hungry institutions.

Today, we are excited to share our plans for decentralized governance of the IoTeX Network, including the formation of the IoTeX Governance Working Group. Throughout this multi-stage journey, we invite all IoTeX stakeholders to help us design the foundation for community-driven governance.

In this blog, we share our roadmap and initial design for decentralized governance of the IoTeX Network. …

At the time of writing, around Noon PT on November 4th, the presidential race teeters on a razor’s edge. In the maelstrom of misinformation and confusion unfolding less than 24 hours after the west coast polls closed, many are asking… why is this so difficult?

Public trust in democratic data is the central bulwark of the American system, and in the past two elections, that trust has crumbled away. …

The Wait Is Over!

After a successful warm-up with IGNITE, we are now ready for the main event — Burn-Drop is officially starting on November 3.

We have now exceeded 1,000+ Ucams sold on Amazon and other retailers, which means Burn-Drop is ready for liftoff!

Thousands of users and ~1.2 billion IOTX are now participating in Burn-Drop. Set your buckets to auto-stake ≥ 91 days to be eligible — you can learn how to stake IOTX here.

What is Burn-Drop?

Burn-Drop is a tokenomics design where IOTX is burned/dropped for every new device registered to the IoTeX Network, such as Ucam and Pebble. Burn-Drop directly rewards long-term stakers, reduces the total supply of IOTX over time, and provides funding + network incentives to onboard new “Powered by IoTeX” devices. …

Greetings our dear supporters! We are back with our Monthly Project Update for October 2020. Now that Ucam is listed on Amazon, we are excited to launch a Ucam Referrals Program for our supporters, sales from which will fuel IoTeX’s Burn-Drop tokenomics (which is launching on November 3!) Get up to speed with all of the exciting progress below.

The Ucam Referrals Program is now OPEN

“Arguing that you don’t care about privacy because you have nothing to hide is like saying you don’t care about free speech because you have nothing to say.” — Edward Snowden

“Alexa, tell me a joke” sends a shudder through the intergalactic transmission web. Amazon servers bank the speech-to-text snippet. The algorithm belches a response after feasting on a data buffet where the Library of Congress is hors d’oeuvres and 90 million dinner conversations is the Rib-eye. The chronic, bone-deep privacy invasion by always-on location tracking, always-listening smart speakers, and always-watching surveillance cameras is a cliche of modern life: Who cares? …

This is Phase 4 of IoTeX’s #DeFIoT series to unlock the trillion-dollar IoT data market. To learn more, see our #DeFIoT manifesto.

The trusted exchange of value and information is a benchmark of why blockchain is so revolutionary. The introduction of cryptocurrencies in the form of both fungible and non-fungible tokens has sparked innovation in global finance via DeFi, as well as countless other industries. Now it is time to unleash the true power of tokens for the Internet of Things (IoT).

For IoTeX, the tokenization of IoT data and devices is a critical part of our #DeFIoT vision. We envision a world where everyday people and businesses can not only own their devices/data, but also monetize their digital assets as part of a decentralized, global marketplace. In September, we introduced ioTube, stablecoins, and mimo DEX to bring DeFIoT to life. …