What is IOST?

_{What is Internet of Services Token (IOST)?}

Internet of Services Token (IOST) is a digital coin that runs on the IOST blockchain.
which is designed to support the development of dApps (decentralized applications).
Focusing on the speed and efficiency of transactions, it uses “Proof of Believability” (PoB) technology.
That allows for faster transactions and lower costs than other blockchains such as Bitcoin or Ethereum.

The main advantages of IOST include:

1. High transaction speed. Supports thousands of transactions per second
2. Low cost
3. Support for the development of practical DApps

_{Native Blockchain:}

IOST's blockchain is designed to support transactions at high speed and low cost.
Along with support for the development of DApps (Decentralized Applications) and more efficient system transactions
Compared to other blockchains like Bitcoin or Ethereum

_{Protokola Konsensus:}

With a focus on optimizing efficiency and transaction speed, IOST's blockchain uses a technology called
“Proof of Believability” (PoB), which allows faster transactions and lower costs than traditional blockchains.

_{Trilemma (Security, Speed, Scalability):}

Security: IOST uses a highly secure system to prevent attacks

Speed: IOST can support up to 10,000 transactions per second (TPS)
This is considered to have a very high transaction speed compared to other blockchains.

Scalability: IOST can handle many transactions at the same time, with its design to support thousands of transactions per second.

_{Founder/Date Founded:}

The project was launched in January 2018 by Jimmy Zhong, Terrence Wang, Justin Li, Ray Xiao, Sa Wang and Kevin Tan

_{Objective/Use Case:}

IOST is used to support the development of dApps (decentralized applications), payment of transaction fees on the IOST blockchain,
And staking can be done to get a return. It also allows the system to have speed and low cost of transactions.

_{Total Supply/ Limit or Unlimited:}

Total supply of IOST is $90 billion

_{Supply Deflation:}

The burning of IOST coins occurs through a process called “burning address”.
It is a blockchain address that cannot be accessed or the coins cannot be reused.

_Source:

https://iost.io

https://coinmarketcap.com

www.mitrade.co

www.coingecko.com

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