IOST IOST Prices, Charts and Graphs | Coinread
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IOSTIOST#98

$0.014
-1.46% (-$0.00, 24H)
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  • Market Cap$257,560,562
  • Volume (24H)$9,475,526
  • Circulating Supply18,588,745,668
  • Max Supply90,000,000,000
  • High (24H)$0.014
  • Low (24H)$0.013
  • Change (1H)1.27%
  • Change (7D)-5.9%
  • Change (1M)-18%
  • Change (1Y)-44%

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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