Quick Guide about the Internet of Service Token (IOST)and how it solves the Scalability problem.

IOST advertises itself as a “next-generation” proof-of-believability consensus protocol-based “ultra-fast,” fully functional, and decentralized blockchain network and ecosystem with its own nodes and unique wallets.

What Is IOST (IOST)

In the hopes that it will one day act as the foundation for online services, IOST’s blockchain technology is open-source, secure, and scalable. The group has created a “proof-of-believability” consensus mechanism to guarantee the effectiveness and security of network transactions.

What Problems does IOST Solve?

One of the greatest issues that IOST seeks to address is the possibility that large corporations won’t be able to adopt blockchain technology in a customer-facing setting unless it is scalable. As a solution to this issue, the Internet of Services Token is proposed. The greatest technique for comprehending IOST is to compare it to its closest rivals: Ethereum is the most popular smart contract platform for developers. It can also be contrasted with EOS and TRON, two highly popular and scalable smart contract platforms.

Transactions per Second (TPS)

IOST claims it can process up to 100,000 transactions per second, compared to Ethereum’s 20, Tron’s 2,000, and EOS’s 4,000. This is the biggest distinction between IOST and its rivals. The IOST team has developed a novel blockchain architecture that introduces and combines a number of innovations, including a Distributed Randomness Protocol, Efficient Distributed Sharding, TransEpoch, Atomix, Proof-of-Believability, and Micro State Blocks, in order to achieve these transaction speeds.

Team

Jimmy Zhong CEO & Co-Founder

Young and aspiring serial entrepreneur, Jimmy Zhong created software firms in both the United States and China. Since 2009, when he co-founded Beijing’s largest student union and student travel agency, his passion for startups has grown. He continued to research new company concepts and inventions after moving away from his birthplace to pursue higher education at Emory University. Jimmy sold his first business, StudyPool, a website where students could buy and sell class notes, for $40M even before he graduated from college.

Terence (Terry) Wang, Co-founder & CTO

Terrence previously worked as a software engineer at Uber. They graduated from Princeton University with a master’s in computer science.

Justin Li Co-Founder & CIO

Justin previously worked as an investment banking associate at Goldman Sachs and a data scientist at Mobike. Graduated from Tufts University with a BSc in applied mathematics and computer science.

Ray Xiao Co-Founder & COO

Ray previously co-founded Dora, an AI company focused on intelligent kiosks. They received a bachelor's degree in computer science and quantitative economics from Tufts University.

Sa Wang Co-Founder & CMO

Sa previously co-founded Dora, an AI company focused on intelligent kiosks.

Kevin Tan Co-Founder & CDO

Kevin was previously on the founding team at Ethercap and received a bachelor's in Computer Science from Tsinghua University.

Where to store IOST (IOST)

When it comes to wallets, IOST has its own recommendations. These IOST (IOST) wallets were developed and contributed by developers in the IOST community. These include Chrome Extension wallets such as iWallet and Jetstream that can be used on your PC. If you are looking for a mobile-friendly wallet, IOST recommendations are:

• TokenPocket Wallet
• Bitkeep Wallet
• Huobi Wallet
• Citadel Wallet
• Cobo Wallet

Trust Wallet — a multi-currency mobile wallet that enables users to simultaneously store a variety of digital assets in one place. Beginner-friendly mobile wallets may be appropriate for users looking for a convenient and accessible app, with trusted security and backup options.

Similarly, a user-friendly option to keep your $IOST secure can include MetaMask, a leading browser wallet extension popular among DeFi platforms and highly praised by developers. Users can integrate with the network’s Liquidity Mining pools by connecting to their MetaMask wallet.

Other options to keep your IOST (IOST) safe and secure offline could include the leading hardware providers Ledger and Trezor.

Always conduct your due diligence and research into any wallet provider you consider.

Where to buy and sell IOST (IOST)

You can Buy & Sell IOST (IOST) by heading over to the Buy Coins page of our website. IOST (IOST) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $IOST has never been easier, simply place your order and provide your wallet address. Once your payment arrives, IOST (IOST) will be sent directly to your wallet.

If you choose to Sell IOST (IOST) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on our Sell Coins page.

IOST (IOST) Resources:

Website: https://iost.io/
Block Explorer: https://explorer.iost.io
Twitter: https://twitter.com/IOST_Official
Medium: https://medium.com/@iostoken

Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers' responsibility to complete their own research and due diligence.