Cryptocurrency IoT Chain (ITC): review, course and chart

Total offer 100,000,000 ITC

The startup was launched in 2017 and at the time of its formation, acquired financial support from several large companies operating in China.

IoT Chain is a decentralized blockchain-based platform created for a virtual interconnection system for various electronic devices - the Internet of Things. In the beginning, the project was aimed at individual users and medium-sized businesses. However, to date, the IoT technology presents two problems: security and data exchange rates. To ensure efficient use of the technology, all connected devices should be synchronized and work constantly on a secure communication channel.

The developers are committed to overcoming these challenges. To ensure security, a built-in asymmetric encryption system is applied, which guarantees the anonymity of user information and maximum protection from all kinds of attacks. IoT Chain uses the PBFT protocol and developed data centers, which provides increased speed of processing operations. For automated work, you only need to set the necessary settings once.

ITC is a digital token of ERC20 standard, designed for use within a network.

The Chinese team continues working on the project and plans to improve its functional characteristics.

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10 IoT Chain (ITC)