IOST is a blockchain application platform developed by online service providers supported by global first-tier dollar investment institutions such as Sequoia, Jingwei and Zhengge. The goal of horizontal expansion and high throughput is achieved through the design of the POB consensus mechanism and the second layer extension scheme. Provide a platform for third-party developers, creators, and businesses to realize value by developing effective ways of community-owned networks. Features are: privacy, open participation, and community protection from malicious attacks. IOST is more decentralized than the EOS based on the DPOS mechanism and is more scalable than the ETH smart contract platform.
In the IOS system, IOS coins serve as an exchange medium for all transaction and commission fees, and IOS also plays an important role in calculating user credibility scores. IOS coins can be used to: pay for products and services; pay for smart contracts, handle messages and transactions, and compensate for resources shared by the general ecosystem.
2. Basic Information
- Name: Internet of Services
- Abbreviation: IOST
- Founder: Ray Xiao
- Issue Date: 2018-01-11
- Total Supply: 21,000,000,000
- Core Algorithm: Ethash
- Consensus Mechanism: PoB
- Currency Unit: IOST
3. Related Links
Official website: http://iost.io/
White paper: https://iost.io/iost-whitepaper/
Block explorer: https://explorer.iost.io/