What is IOST (IOST)?
IOST describes itself as a “ultra-fast”, complete, decentralized blockchain network and ecosystem
With its own contract and wallets and based on a "next generation" consensus protocol called "Proof of Credibility".
Is IOST coin a good investment?
What is IOST in Crypto?
What kind of coin is IOST?
What is IOST coin used for?
Who are the founders of IOST?
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| What is the digital currency IOST (IOST), its project and information about it? |
The project was launched in January 2018 by Jimmy Zhong, Terrence Wang, Justin Li, Ray Xiao, Sa Wang and Kevin Tan.
Zhong has founded other tech startups in the United States and China. During his college days,
He sold his first company for $40 million - a marketplace where students could exchange class notes.
After that, he returned to Beijing and co-founded IOST, among other projects.
Wang's previous experience includes working as a software engineer at Uber. He holds a degree
in Computer Science from the University of Minnesota and an MA in Computer Science from Princeton University.
Lee previously worked as an investment banking assistant at Goldman Sachs and a data scientist at Mobike.
Graduated with a degree in Applied Mathematics and Computer Science. at the same time ,
Tan was a co-founder of Ethercap, while he holds a degree in computer science from Tsinghua University.
Xiao co-founded Dora - along with Jimmy and Sa - an AI company focused on smart kiosks. He studied computer science and quantitative economics at the university.
What makes IOST unique?
The IOST blockchain infrastructure is open source and designed to be secure and scalable
All with the hope that it will serve as the backbone of online services in the future.
The team developed a consensus algorithm around “Proof of Credibility” to ensure that transactions on the network are safe and efficient.
One of the biggest challenges IOST aims to solve focuses on how big companies may not be able to embrace blockchain
In a customer-facing environment unless it is scalable. Internet Services code was introduced as a way to address this issue.
To understand the IOST, the best way to do this is to compare it to its closest competitor: Ethereum
What is the digital currency IOST (IOST), its project and information about it?
It is the most popular smart contract platform for developers. It can also be compared to EOS and TRON,
They are two highly scalable smart contract platforms with high utilization.
The biggest difference between IOST and its competitors is the way it claims to process
Up to 100,000 transactions per second compared to Ethereum's 20, Tron's 2,000, and EOS 4,000.
In order to reach these transaction speeds, the IOST team created a new blockchain architecture,
Which introduces and combines several innovations including Randomization Protocol, Efficient Distributed Sharing, TransEpoch, Atomix, Proof-of-Believability, and Micro State Blocks.
What is the digital currency IOST (IOST), its project and information about it?
The currency occupies the 115th place among digital currencies
Its current price is 0.02711 $
The highest price it achieved was $0.1365 on 01/24/2018
The lowest price it reached is $0.4933 on 3/13/2020
Classification: TOKEN
Total supply: 16,454,275,775
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