oTeX to Launch Core v.2.3.0 Mainnet Upgrade on November 4

IoTeX announced the Core v.2.3.0 mainnet release, scheduled for block height 41,648,761 (estimated November 4, at 03:45 UTC). The update introduces two major protocol improvements — IIP-50, which implements slashing for underperforming delegates to strengthen network reliability, and BLS PublicKey Registration, enabling scalable signature aggregation for enhanced finality. The upgrade aims to boost performance and prepare the IoTeX Layer 1 for large-scale DePIN and RWAI workloads.

IOTX Info

IoTeX (IOTX) is an open-source blockchain platform specifically designed for the Internet of Things (IoT) with a strong emphasis on scalability, privacy, isolation, and the ability to develop decentralized applications and IoT ecosystems.

IoTeX was created to address the technical challenges faced by existing IoT ecosystems, such as security issues, high maintenance costs, and scalability limitations. The project is developing a new blockchain architecture to support a large number of IoT devices.

At the core of IoTeX is the concept of "blockchain within a blockchain." The main network, or "root blockchain," is responsible for network management and security, while internal blockchains, or "sub-blockchains," are used to manage various IoT devices and process transactions.

The IoTeX network utilizes its native token, IOTX, for operations such as transaction fee payments and participation in network governance.