IOST

0.003703

+4.54%

Did you know about IOST?

IOST is a cryptocurrency that is part of a decentralized blockchain platform. The platform was created to provide a solution to the scalability issues of other blockchain networks.

IOST stands for Internet of Services Token. The platform was launched in 2018.

Some of the features of IOST are:

- Fast transaction speed, capable of processing up to 100,000 transactions per second.

- Proof of Believability (PoB) consensus algorithm

- Efficient Distributed Sharding (EDS)

- Bluehill incubator and accelerator

IOST was designed so that companies like Amazon, Facebook, and Google can use it to process transactions at an industrial scale.