IOSToken (IOST) is a cryptocurrency that revolves around the Internet of Services, and aims to provide a solid infrastructure for new online service providers. The team behind the IOST project has focused on delivering a high TPS rate, and creating a highly scalable, private and secure blockchain. They also like to claim that the IOS (Internet of Service) blockchain is a secure, scalable blockchain that actually works.
IOST Coin Review
IOStoken makes use of an innovative Efficient Distributed Sharding Technology, which dynamically partitions the network into sub spaces by randomly assigning different nodes to work together. This results in a system that works more swiftly and efficiently than many of its competitors.
The project also makes use of a brand new consensus mechanism known as of proof of believability (PoB), with this mechanism nodes are validated based on past contributions and behavioural patterns. This system also incorporates a “fairness” algorithm that randomly distributes data to various nodes in order to help guarantee a fairly decentralized blockchain protocol.
IOS coin incorporates a number of features that make it a viable option as an enterprise blockchain; the protocol has been developed in order to support service-oriented products and services that retain large customer bases.
In addition to their sharding technology and consensus mechanism, the IOS Token team have also used a Hyper Universe Distributed System (HUDS), which acts as a decentralized, secure way to store information. HUDS also allows the IOS coin platform to be used by a wide range of different services, which can vary in size from a small business enterprise all the way up to an enormous organization like Amazon.
How it works?
The IOS platform aims to provide its users with a completely decentralized way to exchange online services and digital goods. On top it enables developers to deploy decentralized applications on top of it.
As IOS Coin is an ERC20 token, so it can be stored on any Ethereum-compatible wallet, including MyEtherWallet, MetaMask, Mist and other wallets.
The IOStoken is as of now an ERC20 token and thus a part of the Ethereum blockchain. Eventually, when the native IOStoken blockchain is ready, there will be a 1:1 conversion rate of ERC20 tokens to the new blockchain. IOStoken is currently listed on the following exchanges: Binance, OKEx, Bitfinex and Kucoin.
IOSToken Price (IOST)
IOST Market cap on 19 JULY 2018: $207,402,720 USD
IOST Price on 19 JUL 2018: $0.024689 USD
This is the relevant price of IOST Token on BitcoinWiki:
IOST Price Prediction
Trading at $0.024689, the currency has moved down by 4.63% from recently. As of July 19, 2018, the market cap of IOSToken (IOST) stands at $207,402,720 USD. Ranking 57 in the market by market capitalization, IOSToken is doing quite well at the moment and is presently trading up against the dollar. Unlike other currencies which display high volatility, IOSToken has achieved a certain degree of stability. Overall, IOST’s stability, along with other worthwhile features, makes it an excellent investment option to watch out for in 2018.
The team behind this project is also extremely impressive and is comprised of highly decorated individuals who merge top level qualifications with a considerable amount of industry specific experience. IOStoken was founded by the quartet of Terence Wang, Jimmy Zhong, Kelvin Tan and Ray Xiao.
They head a team filled with PhDs and graduates from institutions such as Harvard, Princeton, and the University of California, while a number of team members have experience of working for organizations such as Google, Deloitte, and Morgan Stanley.
See Also on BitcoinWiki
- IOSToken website
- IOST on Twitter
- IOSToken Reddit
- IOSToken price and market state on Coin360
- https://www.coinbureau.com/review/iostoken-iost-blockchain-internet-of-services/ IOST Coin Review and News
- https://globalcoinreport.com/ios-token-iost-a-cryptocurrency-on-the-rise/ IOSToken – Price Prediction