IIP-42 Governance Vote for IoTeX

JUN

05

Event date

Thursday 05 June 2025, UTC

Event description

IIP-42 aims to boost IoTeX’s scalability, targeting lower latency and enabling timestamp-based staking (V3). This upgrade is critical for real-time DePIN and AI apps, enhancing machine-to-machine automation. With no changes to emissions, users get a better UX while keeping the network competitive [IoTeX X Post, May 28, 2025].

Recent News

IoTeX has been on a roll in 2025, following a Seed Round with ROVR, signaling strong investor confidence [PitchBook, 2025]. Their focus on DePIN aligns with the growing trend of connecting real-world data to blockchains, positioning them against competitors like Ethereum and Theta Network.

Future Plans

Looking ahead, IoTeX’s roadmap emphasizes unification, with plans to overhaul governance and introduce liquid staking [IoTeX Blog, Apr 2024]. These updates will further empower their privacy-centric platform, designed for the Internet of Trusted Things, as they expand DePIN use cases.

Onchain Data

While specific TPS and staking metrics post-IIP-42 aren’t live yet, IoTeX’s circulating supply and staking activity are tracked on Staking Rewards. Pre-upgrade, their L1 processes ~1,000 TPS with a 5s block time [Staking Rewards, 2025]. Doubling TPS could significantly boost transaction volume for DePIN apps.

Community Sentiment

X reactions are mixed but lean positive—@MDM_NFTs and @RunOnFlux showed enthusiasm, while @marianlautara criticized IoTeX as a “fishy Chinese network” with low real usage [X Thread, May 28-29, 2025]. Despite skepticism, the proposal’s focus on speed has sparked lively governance discussions.

Why It Matters

This upgrade could make IoTeX a go-to for developers building scalable, real-time dApps, especially in IoT and AI. However, faster block times may increase node requirements—monitor for network stability post-vote.

IoTeX

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IoTeX (IOTX) Events List

IoTeX IIP-55 Vote: Dynamic Witness Committee for ioTube

The IIP-55 Vote for IoTeX is scheduled for December 25, 2025, focusing on the implementation of a Dynamic Witness Committee for ioTube. IoTeX, the organization behind the event, aims to enhance governance mechanisms within their ecosystem through this voting process. This is an on-chain governance event where token holders can participate via IoTeX's official voting platforms, as announced on their X (formerly Twitter) account. Recent News There have been no major public updates or announcements related specifically to IIP-55 in the past three months from IoTeX's official channels or major crypto news sources. However, IoTeX continues to develop its multi-chain ecosystem, emphasizing interoperability and governance. Future Plans Following the vote, implementation of the Dynamic Witness Committee is expected to improve flexibility and responsiveness in the ioTube network's governance. IoTeX aims to continue enhancing protocol governance and expanding the utility of ioTube alongside the broader IoTeX ecosystem roadmap. Onchain Data No verifiable onchain metrics available. Community Sentiment Neutral - Community reactions to governance proposals like IIP-55 are typically mixed with constructive feedback and curiosity but no significant controversy or hype noted in recent discussions. Risk Disclaimer This governance vote may influence token governance dynamics but does not directly impact tokenomics or price. Participants should consider the implications of on-chain governance changes. Sources used https://x.com/iotex_io/status/2003165077902623023

IoTeX

December 25

IoTeX

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