IoT Chain is a public chain. In the future, ITC would be applied to many industries including AI, renewable energy, sharing economies, smart hardware and more. When IoT device manufacturers connect their devices to the ITC network, they can quickly realize smart and secure connectivity to other users and other devices.
Our team is working on further enhancements including scaling performance from the current 1,000 TPS to 100,000 TPS by the main net release. Other public DAG networks are not decentralized enough. Our unique use of PBFT consensus and DAG allows us to build a truly decentralized and secure network.