IoTeX vs Fantom

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.

Fantom is a high-performance, scalable, and secure smart contract platform engineered to surpass the constraints of preceding blockchain platforms. Operating as a permissionless, decentralized, and open-source network, Fantom leverages Lachesis, its asynchronous Byzantine Fault Tolerance (aBFT) consensus mechanism. This innovative approach enables Fantom to achieve remarkable speed and affordability compared to older technologies while maintaining exceptional security standards.