IoTE is an Internet of Things explorer that embraces emerging technologies. Dedicated to the exploratory technology in the field of interconnection between devices from different sources, it is truly centered on the super book, and will not only protect data based on the future IPFS data storage protocol, but also use the DAG data structure to ensure the TPS interaction speed .
The creation of IoTE is not only derived from the computing power mining of Bitcoin, PoW adopts CPU mining, the threshold is low, and everyone can participate. Its CryptoVantaa hash algorithm is friendly to CPU and resistant to GPU/ASIC. CPU mining makes the number of participants wider and fairer, and everyone can participate in this ledger to truly achieve decentralization and return to the original intention of Satoshi Nakamoto. Moreover, IoTE adopts the PoW+iPoS hybrid consensus mechanism, which not only ensures the confirmation of decentralized data rights, but also ensures efficient operation. PoS master nodes can get 35% block rewards, and the two-tier network architecture can speed up the network speed and choose anonymity to ensure privacy. IoTE block rewards are halved every six months in the first six stages, and block rewards remain unchanged in the seventh stage until they are mined.