IOST is a blockchain platform specifically designed for services that are traded or bought over the internet (Internet of Services – IOS), such as online services or digital products. IOST coin will provide a new generation decentralized ecosystem for online service providers and users, making it possible for them to transact quickly with high security based on blockchain technology.
By using Efficient Distributed Sharding- EDS (decentralized system) and Proof of Believability- PoB (consensus mechanism), IOST is able to process millions of product and service transactions in a short time. Not only that, this mechanism also optimizes the block generation speed as well as the transaction confirmation process.
Features of IOST
Using the HUDS data storage system: Data storage is the mainstay of any ecosystem. HUDS (Hyper Universe Distributed System) uses blockchains to store data, thereby making storage secure, searchable, and cost-effective.
Using a self-designed decentralized system EDS: The decentralized EDS system in IOST is designed to reduce the workload for each confirmation in the transaction process, and thereby increase data processing capacity.
Fair and transparent feedback system: Users will have the opportunity to provide feedback upon completion of the service. IOST uses a specially designed FTFS application to ensure all feedback is reliable.
Advantages of IOST coin
Efficiency: Transactions in the IOS Blockchain are processed continuously and with high accuracy.
Security: Transactions are completely confidential and ensure the safety of users.
Ability of extension: As the number of users in the IOST ecosystem increases, the bandwidth of the IOS Blockchain will also automatically increase.
Minimize space: Blockchain IOS can reduce transaction history for verifiers periodically.
IOStoken’s development team consists of over 50 blockchain experts from Harvard, Princeton, Brown, Berkeley, Cornell, Tsinghua University, Uber, Google, KAYAK, Morgan Stanley, Linux, LinkedIn and Deloitte. They have received many awards from Computer Olympiad, ACM/ICPC, Forbes 30 Under 30 and 500-startup. Here are typical names in the IOStoken development community:
Terrence Wang: He has 5 years of research experience in the field of cryptocurrencies and decentralized algorithms. He is also a member of the team that develops CoinLang, a programming language that helps upgrade Bitcoin, at Princeton.
Jimmy Zhong: Is the founder of many successful companies in the crypto market. And was one of the first to mine BTC and ETH.
Ray Xiao: An investor in Zhenfund and an advisor to many startups in New York and Beijing
IOST is a Blockchain platform with big ambitions. This project aims to provide a scalable Blockchain platform that ensures transparency and safety for users. With a combination of multiple technologies, IOST is aiming to execute 100,000 transactions per second.
The PoB mechanism is the factor that differentiates and increases the competitiveness of IOST. With this consensus mechanism, IOST allows unlimited nodes to participate while ensuring the decentralization of the network. IOST’s staking index is quite good and is considered as one of the best staking projects.
You can see the IOST prices here.
According to AZCoin News
Follow the Twitter page | Subscribe to Telegram channel | Follow the Facebook page