Flow vs IoTeX

Flow is a layer one blockchain designed from the ground up for consumer apps and the digital assets that power them. The network runs on a Proof of Stake consensus mechanism with a unique "multi-role" architecture that solves the blockchain trilemma, balancing scalability, efficiency, and cost.

FLOW ($FLOW) is the native utility token that is used for:

• Fees for processing transactions and storing data.
• Buying, selling, and trading assets on Flow
• Staking and delegating to secure the network

Flow tools include:

• Cadence, a purpose-built smart contract programming language designed for consumer-grade applications
• Full EVM equivalence, allowing anything from Ethereum to work on Flow
• Protocol-level account abstraction and mobile support for onboarding new users
• Cross-chain interoperability with the wider web3 ecosystem
• Developer hub with comprehensive documentation and tools

IoTeX is a blockchain platform designed specifically for the Internet of Things (IoT) industry. It aims to address the scalability, privacy, and security challenges associated with connecting billions of devices to the internet. IoTeX utilizes a unique architecture that combines blockchain, decentralized identity, and secure hardware to create a trusted and privacy-centric infrastructure for IoT applications. It offers lightweight and efficient consensus mechanisms, support for trusted computing environments, and privacy-preserving techniques such as zero-knowledge proofs.