IoTeX Project Update #5 — 7/9/18–7/26/18

Greetings IoTeX community! We have had an engaging past couple of weeks attending several meetups during Korea Blockchain Week, chatting on live streams in China, and connecting with our community through campaigns and AMAs! We are excited to give you the recap on IoTeX’s developments so far in July.

Technical Updates

Technical Development

  • We have finished our “quality weeks”, fixing many code quality issues as well as improving the blockchain performance and robustness.
  • For example, DB writes speed have been improved by 10x while crypto operations have been improved by 4x.
  • We have started using Kubernetes to deploy and monitor TestNet, and are in the process of pushing it to a greater scale.
  • We are improving Roll-DPoS consensus implementation and are continuing on the candidate pool and advanced crypto library integration.
  • We are investigating different virtual machine and smart contract technologies.
  • We are working on several research papers, which finalize the Roll-DPoS design and the consensus simulation framework.

DigitalOcean Sponsor

Big thanks to DigitalOcean for sponsoring our IoTeX testnets! The IoTeX team appreciates the support. DigitalOcean is a cloud computing platform where teams can build, deploy, and scale cloud applications faster and more efficiently. More information here:

Community Updates

Change/Verify ETH Address — New Profile System Feature

The IoTeX team is excited to share with you all a new feature to our profile system implemented on July 19! With this new feature, our community can now change and verify ETH addresses linked to respective accounts on We strive to always improve the usability and overall experience for our community to track and manage IoTeX points! We will have more features coming soon, so keep your eyes out for further updates.

Detailed instructions in how you can change/verify your ETH address are listed in this blog post:

Rome Meetup

On July 11, we had a great and intimate meetup with some of our Italian community in Rome. Larry, IoTeX’s Head of BD, spoke on the intersection of IoT and long-time IoTeX supporter Simone shared his passion for IoTeX!

Top Left: Head of BD, Larry Pang | Top Right: Project supporter, Simone

Korea Blockchain Week

We kicked off Korea Blockchain Week with two days on July 16–18 at the Beyond Blocks Summit in Seoul! Our team was productive and busy at meeting with blockchain builders, crypto investors, and IoT applications.

Block72 Blockchain x Industry Meetup

On July 19, our co-founder Raullen Chai spoke at Block72’s “Blockchain x Industry: Bringing Blockchain Technology to the Mainstream” along with Kyber Network, Theta Network, Zilliqa, Quantstamp, Certik! It was a meetup with over 250+ attendees from Korea and all around the world. We had a successful panel discussion diving into how to decentralize our current industries.

Block72 Blockchain x Industry #2 Meetup

#Hashed Night

We are extremely grateful to have #Hashed as not only our investors but friends as well. Thank you for having us for #Hashed Night! It was a great and friendly event mingling with everyone!

IoTeX Co-founder Raullen Chai and Head of BD Larry Pang at #Hashed Night

Crypto Meets Korea Meetup/VIP Night

The IoTeX team closed up Korea Blockchain Week hosting the Crypto Meets Korea Meetup and VIP Night event on July 20. We had an amazing turnout and truly enjoyed meeting everyone who came out. Big thanks to Muzika for hosting these events with us! It was a fruitful night with international crypto leaders, Korean crypto and traditional VCs/enterprises to end a great week.

Livestream in China

As mentioned in IoTeX’s Project Update #4, our Co-Founder Raullen Chai joined a Chinese livestream for the first time on July 6 sharing about IoTeX’s recent Testnet Alpha: Strive, and the Roll-DPoS consensus mechanism. “比特币世界” is a famous livestream channel in China. It is now available for you in the form of a playlist to watch on YouTube if you missed the livestream!

*It is only available in Chinese currently, but we are working on providing English subtitles!*

Roll Dice Campaign

A month ago, we had our second code release of Testnet Alpha: Strive which featured a new implementation of our Roll-DPoS consensus mechanism. We wanted to introduce a fun way that our community can be rewarded for gaining a deeper understanding of our second code release’s technical advancements through the Roll Dice Campaign.

We hope the odds were your favor and that you earned some IOTX points! We strive to further improve and deliver fun/seamless campaigns to engage with you all more in the future. Check out the details of the campaign here which includes the correct answers to the campaign quiz:

General AMA Campaign (July 20, 2018)

On July 20, 2018, we delivered another General AMA engaging with our community on reddit! We are incredibly pleased with the amount of people who participated in our AMA this week and with the thoughtfulness of the questions received. As always, the IoTeX team is extremely grateful for our community’s support and curiosity to deepen their knowledge of IoTeX’s project in all aspects possible. If you did not get a chance to participate in our AMA this week, rest assured! Our AMAs are now bi-weekly, so we will have another AMA very soon yet again. Check out the AMA details here:

Read up more on the recap of the AMAs and view the most thoughtful questions we received!

SF Cryptocurrency Devs Meetup

On July 25, our tech team including Head of Cryptography Dr.Xinxin Fan, Blockchain Engineer Zhijie Shen, and Co-Founder Qevan Guo gave a deep dive into the IoTeX network at the SF Cryptocurrency Devs meetup. The meetup was an engineers-only- developer meet up for blockchain engineers seeking to learn about the innovation surrounding new and emerging applications of cryptography to digital currencies.

Upcoming Events

IoLove Creations Campaign (Ongoing until 7/30, 2PM PDT!)

We have just kicked off our IoLove Creations campaign that is ongoing right now until 7/30/2018, 2PM PDT!

Show your love and creativity for IoTeX to win some IOTX points by participating in this campaign through Twitter. Create something with any creative medium of your choice that delivers the message of why you love and support IoTeX and tag us on Twitter @iotex_io with your unique IoTeX HashID and “#CreatedWithIoLove” in your caption.

Head to our blog for more details and some examples from the IoTeX team as inspiration for you to participate!

About IoTeX

IoTeX is the auto-scalable and privacy-centric blockchain infrastructure for the Internet of Things (IoT). IoTeX’s global team is comprised of Ph.Ds in Cryptography, Distributed Systems, and Machine Learning, top tier engineers, and experienced ecosystem builders. IoTeX is developing several in-house innovations to push the frontier of blockchain 3.0, including a blockchains-in-blockchain architecture for heterogeneous computing, lightning fast Roll-DPoS consensus mechanism, and lightweight privacy-preserving techniques. IoTeX is bringing autonomous device coordination to the masses by “connecting the physical world, block by block.”

Stay connected with us!

Telegram Announcement Channel:
Telegram Group:
Join us:



Building the Internet of Trusted Things:

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store