IOST IOST Prices, Charts and Graphs | Coinread
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IOSTIOST#110

$0.028
-3.43% (-$0.001, 24H)
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  • Market Cap$506,473,655
  • Volume (24H)$22,209,990
  • Circulating Supply18,099,719,631
  • Max Supply90,000,000,000
  • High (24H)$0.029
  • Low (24H)$0.028
  • Change (1H)-0.34%
  • Change (7D)0.38%
  • Change (1M)-4.5%
  • Change (1Y)80.19%

The Internet Of Services Token (IOST) is an open-source project providing blockchain technology to support the future of online exchange. Focusing on security and scalability, the network uses a first-of-its-kind Proof-of-believability consensus mechanism, which validates nodes based on their past contributions and behaviours. The system eliminates the need for energy-hungry Proof-of-work mining, and IOST’s team envisions their technology as a solution for multinational corporations to deploy blockchains with the necessary scalability. In order to achieve this, IOST notably has a novel approach to sharding (a database partitioning technique that enables more transactions per second). By using micro-state blocks that greatly reduce the size of each shard, the innovation increases processing power and transaction speed. With a Byzantine Fault Tolerance system as well as dynamic sharding, IOST’s mission has many devotees alongside its proven founders and world-class investors.

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