$IOST ST is the ticker symbol for which is the native cryptocurrency of the IOST blockchain

IOST is designed to provide a high performance decentralized platform for building decentralized applications and smart contracts with a focus on scalability low latency and high throughput

The IOST blockchain uses a unique consensus mechanism called Proof of Believability which combines aspects of Proof of Stake and Proof of Authority to ensure faster transaction speeds and security

IOST aims to address the scalability issues faced by other blockchains like Ethereum enabling developers to build more efficient and scalable dApps

The token itself is used for transaction fees staking and governance within the IOST ecosystem

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