What Is IOST (IOST)?
IOST is a scalable, secure blockchain infrastructure designed to support the future of online services. Its open-source platform leverages innovative consensus mechanisms to ensure high transaction throughput and efficiency.
Who Are the Founders of IOST?
Launched in January 2018, IOST was co-founded by a team of tech entrepreneurs and engineers:
- Jimmy Zhong: Serial entrepreneur with exits in edtech; previously founded companies in the U.S. and China.
- Terrence Wang: Ex-Uber software engineer with degrees from the University of Minnesota and Princeton.
- Justin Li: Former Goldman Sachs investment banker and Mobike data scientist.
- Ray Xiao, Sa Wang, and Kevin Tan: Experts in AI, blockchain, and quantitative economics.
The team's diverse expertise drives IOST’s technical innovation and enterprise adoption strategy.
What Makes IOST Unique?
IOST stands out for its scalability solutions, claiming to process 100,000 transactions per second (TPS)—far surpassing Ethereum (20 TPS), TRON (2,000 TPS), and EOS (4,000 TPS). Key innovations include:
- Proof-of-Believability (PoB): A consensus algorithm balancing speed and security.
- Efficient Distributed Sharding (EDS): Enhances scalability without compromising decentralization.
- Micro State Blocks: Reduces storage requirements for nodes.
👉 Discover how IOST compares to other smart contract platforms
How Many IOST Coins Are in Circulation?
- Total supply: 21 billion IOST.
- ICO (2018): 40% sold, raising ~$31.3 million in ETH.
Distribution:
- 35% retained by IOST Foundation.
- 12.5% for community building.
- 10% to the team.
- 2.5% for advisors.
How Is the IOST Network Secured?
IOST combines PoB and EDS to ensure enterprise-grade security and scalability. Its architecture is tailored for high-demand applications, targeting partnerships with major tech firms.
Where Can You Buy IOST (IOST)?
IOST is available on top exchanges like Binance, OKX, and Huobi. Always use reputable platforms for trading.
👉 Explore IOST trading pairs and liquidity
FAQ
Q: Is IOST a good investment?
A: While IOST offers strong tech, always conduct independent research and assess market risks.
Q: How does IOST achieve high TPS?
A: Through PoB consensus and sharding, which parallelize transaction processing.
Q: What’s IOST’s use case?
A: Enterprise adoption, decentralized apps (dApps), and scalable smart contracts.
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