IOST

(IOST)

IOST ABOUT COMMENTS

IOST STATISTIC

  • $0.005259 USD
    Price
  • -77.65%
    ROI
  • #69
    Market Rank
  • $23,809,666 USD
    24 Hour Volume
  • 12,013,965,609 IOST
    Circulating Supply
  • 21,000,000,000 IOST
    Total Supply
  • No Data
    Max Supply
  • $0.003623 USD
    (Dec 14, 2018)
    All Time High
  • $0.136496 USD
    (Jan 24, 2018)
    All Time Low
  • $0.018663 USD /
    $0.003861 USD
    52 Week High / Low
  • $0.007699 USD /
    $0.004260 USD
    90 Day High / Low
  • $0.006232 USD /
    $0.004550 USD
    30 Day High / Low
  • $0.006232 USD /
    $0.005235 USD
    7 Day High / Low
  • $0.005571 USD /
    $0.005252 USD
    24 Hour High / Low
  • $0.005487 USD /
    $0.005367 USD
    Yesterday's High / Low

WHAT IS

IOST?

  1. Proof of Believability (PoB) and Efficient Distribution Sharding (EDS) are two different protocols used by the IOST system. These two protocols help to carry out operations quickly, reliably and cost-effectively.
  2. The IOS network is distinguished from other networks by these protocols. These protocols allow the network to be divided into large and functional parts.
  3. As is known, the energy consumption of the PoW protocol is quite high. If a system uses this protocol, processing costs will be higher. Therefore, instead of this protocol, the PoB protocol is used within the IOS network. This helps to significantly reduce transaction fees.
  4. Believability is the most important criterion that determines how fast transactions will be approved. Within the IOS system, transactions with a high Believability rate are confirmed more quickly via the PoB system.
  5. The user's regular use of the system increases the Believability of the transactions performed by the user. This means faster approval. In short, as the user processes the system, the system becomes more advantageous for him.
  6. You can keep your IOS Coins in IOST Wallets.

IOST is a decentralized "Web Of Services" stage dependent on the blockchain that is versatile and secure. Its Proof of Believability (POB) accord component, Efficient Distributed Sharding (EDS) innovation and ultra-high Transaction process framework (TPS) draw out its interesting versatility factor that helps this crypto make its check and stand apart from the rest.  Keep reading to explore what is IOST and how it works.

What is IOST?

  1. Made by profoundly qualified specialists who are the fellow benefactors of IOST Terrence Wang, Jimmy Zhong, Ray Xiao, Bosch Lee and Kelvin Tan, this digital currency was first sold in January 2018 during an ICO that was just accessible to institutional speculators. The organization moreover has gotten ventures from ZhenFund, Sequoia, Matrix Partners, Banyan Capital and some more. 
  2. On the IOST wallets, you can consider all іntеllіgеnt IOT dеvісеѕ to be nоdеѕ inside thе nеtwоrk. All tесhnісаl functionalities оf thе arrange ѕеrvе аѕ nеtwоrk mаіntаіnеrѕ, ѕеrvісе suppliers аnd rulе еnfоrсеrѕ known as "top notch hubs".
  3. Dеvісеѕ that аrе incapable to perform аѕ fіrѕt-сlаѕѕ nоdеѕ, (for example duе tо asset соnѕtrаіntѕ) those саn run аn IOS lіght customer uѕіng Sіmрlіfіеd Payment Vеrіfісаtіоn (SPV) for check of trаnѕасtіоnѕ. 
  4. Еvеrу nоdе hаѕ a special іdеntіtу factor that protects the іt саn bе еffесtіvеlу signed, registered, and рrосеѕѕеd through thіѕ ѕуѕtеm. 
  5. In the meantime, uѕеrѕ can іntеrасt wіth thе coin blockchain using a record соntаіning thе individual іnfоrmаtіоn оf the uѕеrѕ.

How to Buy IOST?

To buy IOST, it can be bought by means of normal trades like Houbi and Binance, just as KuCoin that as of late declared that it was exchanging IOST.

There is no particular method to purchase coin with fiat currencyt. Accordingly, the least demanding and most effective path is to initially buy Litecoin, Ethereum or Bitcoin on other cryptographic money trades.

Meet a new generation of cryptocurrency platform, defined as the Internet of services. As it is known, today many crypto processing platforms focus on analyzing the problems of the Blockchain system and improving it. Therefore, it is possible to say that coin has carried out an analysis on this subject. According to the IOST platform, the Blockchain platform has three main problems, and resolving these problems can increase the use of cryptocurrency. These problems can be listed as scaling, low transaction speed, and high transaction fees. You can read more in order to be informed about what is IOST, next-generation Blockchain project.