IoTeX is a decentralized, open-source, layer 1 blockchain platform designed to provide a secure ecosystem for IoT devices to interact with real world data. It aims to create a network of trust where users can own and control their data, guaranteeing confidentiality and security. The platform uses a unique consensus mechanism called Roll-D PoS and includes subchains, edge computing and inter-network communications to enable scalability and interoperability. The native cryptocurrency, IOTX, serves as the main motivation to maintain the network, facilitate transactions and govern the ecosystem.