Our community has been anticipating the launch of IoTeX 2.0 all year, and it represents the biggest tech release by IoTeX since its birth in 2017 – and it's finally here.

We know it's not easy to read an entire whitepaper (but if you have the time... we think it's pretty good!) ↓

IoTeX 2.0 - Make More. DePIN’s for Everyone

Make more by democratizing DePIN with modularity. We are breaking down monolith builds to create more resilient DePINs faster.

Make More. DePIN's for Everyone

This explainer series will help you understand the ins-and-outs of the new IoTeX architecture, from the big picture to tech deep dives.

Today, we'll start with the big picture.

What is IoTeX 2.0?

IoTeX 2.0 unveils its brand new DePIN Modular Infrastructure, making it the only complete infrastructure for building DePIN applications.

After 7 years since the original IoTeX whitepaper, 2.0 upgrades IoTeX from a Layer 1 public chain to an open, modular DePIN platform.

IoTeX 2.0 delivers a clear and actionable DePIN tech stack, coupled with a practical business roadmap, aiming to onboard 100 million devices and unlock trillions of dollars in real-world value on the blockchain within the next 3-5 years.

With composable modules tailor fit for any build, IoTeX 2.0 catalyzes DePIN adoption by drastically cutting down build time, costs, and resources needed to go to market.

IoTeX 2.0 incorporates a new modular platform design, updated tokenomics, the modular security pool, public goods, and more to address the growing needs of DePIN builders.

Key Components of IoTeX 2.0

So, what makes up this new and improved IoTeX? Let’s break it down:

1. DePIN Infrastructure Modules (DIMs): These modules cover the entire DePIN tech stack, from hardware abstraction and connectivity to off-chain computing and storage. IoTeX's core development team provides in-house implementations for several layers, while other DIMs are developed by partners and builders who stake IOTX to the MSP.
2. Modular Security Pool (MSP): The MSP is a unified, trusted layer supported by IOTX and other mainstream assets. It acts as a security anchor for the entire network, providing trust and stability to all activities within the DePIN infrastructure modules (DIM) and Dapp/L2 layers. DIM providers can join the MSP by staking IOTX, and their states are periodically anchored to the IoTeX L1 blockchain.
3. Public Goods: IoTeX 2.0 emphasizes open-source resources that anyone can use and integrate. These public goods include user-facing tools (e.g. DePINscan explorer, ioPay DePIN wallet, ioTube bridge) developer tools (e.g. IDEs), and network-wide resources (e.g. governance, funding).
4. Meritocratic Tokenomics: IoTeX 2.0 introduces new utilities for the IOTX token, linking it to various DIMs such as W3bstream, ioID, and ioDDK. The  token's utility is expanded across the network, ensuring that rewards are distributed based on the value added by different stakeholders. IOTX will be the foundational currency of the DePIN sector.
5. DePIN Dapps & L2s: At the top of the tech stack, IoTeX 2.0 supports an ecosystem of DePIN Dapps and L2s that leverage various DIMs. Our infrastructure is designed to support all DePINs, across any vertical. The IoTeX DePIN ecosystem will be a diverse use-case landscape connecting hundreds of millions of devices.

Together, these components make up the only complete modular infrastructure for DePIN, supporting DePIN projects throughout the entire project life cycle.

So, why exactly did we choose to go modular?

Our Driving Philosophy: DePIN for Everyone

DePIN projects, regardless of their focus, require a complex tech stack to bridge the gap between the physical and blockchain worlds.

The sheer number of layers (as many as nine!) can be overwhelming for individual teams to develop, creating a significant barrier to entry.

The extensive tech stack shouldn't be a roadblock for creating a better future.Small teams with big ideas, passionate individuals, and established companies – everyone should have the opportunity to contribute and build impactful DePIN applications.

That's why we decided to go modular.

This approach allows DePIN projects to select and build the tech stack that best suits their needs from a range of modular offerings.

Building DePIN is made cheaper, faster, and more attainable for everyone.

In our next explainer articles, we'll dive deep into each 2.0 component.

Our philosophy for DePIN isn't just wishful thinking.

It's the foundation for IoTeX 2.0, a comprehensive technical blueprint designed to make DePIN development a more inclusive and collaborative experience.

With IoTeX 2.0, we're building the future of DePIN, together.

About IoTeX

IoTeX is DePIN's only modular infrastructure platform connecting smart devices and real-world data to blockchains. IoTeX's middleware solution W3bstream provides the computation and verification of real-world data, bringing it on-chain while offering the modularity and customizability builders need to facilitate mass adoption. As the leading provider of DePIN infrastructure, IoTeX facilitates new rewards from devices and on/off-chain activity for users, turns personal devices into communal economies, and tokenizes the "data of everything." Backed by a global team of 60+ research scientists and engineers, IoTeX combines its EVM-compatible L1 blockchain, off-chain compute middleware, and open hardware to connect billions of smart devices, machines and sensors, and dApps across the physical and digital world.

Website | Twitter | Developer Twitter | Developer Portal | Reddit | Discord | YouTube | DePINScan