IoTeX to Extend Inferix Testnet
IoTeX has announced that Inferix Testnet 1 has been extended until February 17, granting participants additional time to compete for the 20 million tIFX prize pool. According to the team, over 510 high-performance GPUs have already joined, with more than 21 million tIFX staked and a total network hashrate exceeding 286 1H. Users can purchase and stake tIFX to support the GPU network while earning passive income, with potential returns of up to 400%. Refer to the official tweet by IOTX: The Inferix Testnet 1 on IoTeX has extended to Feb 17.That means there's still time to earn from the 20M prize pool.Simply purchase and stake tIFX to support the hundreds of GPUs in the network while earning passive income.Details below. 👇 IOTX InfoIoTeX (IOTX) is an open-source blockchain platform specifically designed for the Internet of Things (IoT) with a strong emphasis on scalability, privacy, isolation, and the ability to develop decentralized applications and IoT ecosystems.IoTeX was created to address the technical challenges faced by existing IoT ecosystems, such as security issues, high maintenance costs, and scalability limitations. The project is developing a new blockchain architecture to support a large number of IoT devices.At the core of IoTeX is the concept of "blockchain within a blockchain." The main network, or "root blockchain," is responsible for network management and security, while internal blockchains, or "sub-blockchains," are used to manage various IoT devices and process transactions.The IoTeX network utilizes its native token, IOTX, for operations such as transaction fee payments and participation in network governance.