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IoTeX AMA Livestream — May 31/19

Thank you to those who joined our general AMA and livestream session on May 31! We had a great time answering your questions and talking about our Delegates Program and we would like to provide a brief summary for those of you who weren’t able to join, as well as, below you will find the questions that were chosen by the team and qualified for bonus points.

Session participants

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Livestream Video

Livestream Recap/Highlights

  • Blockchain’s role in IoT & privacy
  • VITA token
  • Member portal
  • AvoBoard

Some of the questions from the community (see the video for the full list of Q & A)

  • How is IoTeX’s consensus special or different from others?
  • What is IoTeX’s approach on privacy-preserving solutions for smart contracts?
  • What is your view on 5G?
  • Is every AvoBoard a node in the network?
  • Will VITA token be available to trade? any airdrop coming?
  • What’s the ratio to swap VITA to IOTX?
  • Any embedded hardware solutions in the pipeline?
  • How are you tracking the broader market?
  • Who are your favorite Delegates and how is the program going?
  • How developers can get involved?

What IoTeX has been working on?

Blockchain’s role in IoT & privacy

VITA token

Member portal

AvoBoard

What is IoTeX’s approach on privacy-preserving solutions for smart contracts?

  1. Theoretical approach more on the crypto theory side, like cryptography theory which includes the multi-party computation, homomorphic encryption and zero knowledge proof. At the current stage, those are still at the very infant stage and they cannot do everything, even like zkp — zero knowledge proof, can actually do a very limited amount of things and the complexity to implement stuff is very very high.
  2. Practical approach is the one we are taking it is more like assuming that you have hardware similar to like a safe box, in which you can run everything in a confidential way. This is something called TEE - Trusted Execution Environment which has been on the market for like three, four decades and it’s a very mature technology. Basically, its like a chip that has some secret element, TEE inside, to allow you to run transactions in a very secure way. So we’re kind of taking this approach by assuming this hardware is secure enough so we can feature rich stuff compared to the cryptography approach and it comes to life in Avoboard, all these trusted execution environments are built into Avoboard into it.

What is your view on 5G?

Is every AvoBoard a node in the network?

Will VITA token be available to trade? any airdrop coming?

We are planning to do an airdrop for the initial voters and stakers who have been voting and staking using IOTX and we’ll share more details with you guys in the next few days.

What’s the ratio to swap VITA to IOTX?

Who are your favorite Delegates and how is the program going?

Some of the future plans for the Delegate program — definitely onboarding new delegates, two new ones are joining — Blackpool and Scitex. Our goal as IoTeX is to be kind of like the unbiased overseer of this Delegates Program and just provide transparency on what Delegates are contributing and confirming that they stick to their words about paying out rewards. So on those two topics, we’re really taking a new initiative to make those more public and also to curate ones that we find especially valuable for the network. So on the member.iotex.io website within the next coming weeks we’ll be adding a new top section with like many banners of what delegates are contributing, as well as a new section in each voting profile, where delegates in their own words explain what they are building. And on the second piece around the rewards part , we’ve created an account that we’ll vote from for all the Delegates and record all the rewards we will receive and make that data public. The overall goal is to add more transparency to the program and incentivize more community and Delegate participation.

How developers can get involved?

Announcing the Winners!

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About IoTeX

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Stay connected with us!

Website: https://iotex.io/
Twitter:
https://twitter.com/iotex_io
Telegram Announcement Channel:
https://t.me/iotexchannel
Telegram Group:
https://t.me/IoTeXGroup
Medium:
https://medium.com/@iotex
Reddit:
https://www.reddit.com/r/IoTeX/
Join us:
https://iotex.io/careers

Written by

Building the Internet of Trusted Things: iotex.io

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