IoTeX Mainnet v.1.3 Launch
IoTeX’s mission is to enable a borderless ecosystem where humans and machines can interact with guaranteed trust, free will, and privacy. They were envision a future where users, not institutions, are in complete control of their devices and data. No intrusive ads or surveillance, just privacy and peace of mind. We call this vision the Internet of Trusted Things.
IoTeX introduce Mainnet v1.3 – the next evolution of the IoTeX blockchain. the mainnet v1.3.0 has a hardfork, which will be activated at block height 12,289,321 (ETA is 7/22/2021 around 2pm UTC-7:00) on IoTeX mainnet.
Mainnet V1.3 Key Features
- v1.3 has upgraded to latest EVM version so user can confidently deploy their DApps to IoTeX blockchain. This EVM upgrade supports the ChainID opcode to prevent relay attacks and enable cross-chain transparency, and has optimized gas costs of certain opcodes, especially privacy and zk computations. See below for details
- Optimized block sync strategy to make it more robust
- Fixed a bug that API query needs to wait a little while to return the latest committed block
- Fixed a bug that node stops working after network connectivity is lost. Now the node can detect the network loss/reconnect event, and automatically resume working after network connectivity is restored
EVM upgrade
Starting v1.3 the IoTeX blockchain supports EVM Istanbul, which brings upgrades that improve denial-of-service attack resilience, and adjust gas costs for EVM storage and zk-SNARKs and zk-STARKs, allowing privacy applications based on SNARK and STARK to scale at a cheaper cost.
Here’s the list of EIP adopted in the Istanbul upgrade:
- EIP-152 — precompiled Blake2b to facilitate Zcash
- EIP-1108 — better bn256 library for faster EC computation and reduced gas cost
- EIP-1344 — adds the CHAINID opcode to return current chain’s EIP-155 unique identifier inside smart contract
- EIP-1884 — repricing for trie-size -dependent opcodes
- EIP-2028 — transaction data gas cost reduction
- EIP-2200 — cost reduction of storage in the EVM
The IoTeX platform enables builders to easily launch privacy-preserving IoT devices, apps, and networks. Just like Bitcoin has created a decentralized financial ecosystem, IoTeX is empowering a decentralized ecosystem for our smart devices – the Internet of Trusted Things
ABOUT IoTeX
IoTeX (IOTX) is the private “blockchain-within-a-blockchain” scalable solution for powering the Internet of Things (IoT). It is designed to connect the physical world of internet devices block by block, and will be both fast and scalable thanks to the unique Roll-DPoS consensus mechanism.
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