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Contents
<ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h239">Combining decentralization and scalability</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h354">IOST is prepping for a big year</a></li></ul>
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IOST, the Beijing-based crypto startup, has just announced, that it's going to launch its mainnet on March 10, <em>VentureBeat</em> <a rel="nofollow" target="_blank" href="https://venturebeat.com/2019/02/24/iost-nears-launch-of-its-mainnet-blockchain-platform/amp/">reports</a>. It's native IOST token currently occupies 51st place on CMC with a market cap of $94.3 mln.
Combining decentralization and scalability
The IOST network is based on the so-called ‘proof-of-believability’ consensus algorithm. Hence, IOST allegedly succeeds where most popular cryptocurrencies fail - combining decentralization and scalability by rotating nodes.
While Bitcoin and Ethereum excel in the first department, the <a rel="nofollow" target="_blank" href="#?amp">proof-of-work (PoW)</a> algorithm takes a toll on their speed (the two O.G. cryptocurrencies are only able to reach 7 TPS and 25 TPS respectively). Their competitors that rely on the proof-of-stake (PoS) algorithm, such as Tron and <a href="https://u.today/epic-games-ceo-shows-support-for-eos-on-twitter">EOS</a>, are able to process transactions much faster by reducing the number of nodes, which subsequently makes the network less centralized.
<a rel="nofollow" target="_blank" href="#">card</a>
IOST is prepping for a big year
The build-out of the platform, which will feature decentralized exchanges, wallets and other apps, was completed six months ahead of the plan.
According to Zhong, their startup boasts a big number of partners, including <a href="https://u.today/huobi-to-foray-into-indian-market-by-launching-new-local-p2p-exchange?amp">Huobi</a>. IOST has raked in
$35 mln in funding. Currently, they have a 100-strong team with offices in New York and Beijing.
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twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array) (Line: 474)
Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)
__TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
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twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
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Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
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Contents
<ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h239">Combining decentralization and scalability</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h354">IOST is prepping for a big year</a></li></ul>
Advertisement
IOST, the Beijing-based crypto startup, has just announced, that it's going to launch its mainnet on March 10, <em>VentureBeat</em> <a rel="nofollow" target="_blank" href="https://venturebeat.com/2019/02/24/iost-nears-launch-of-its-mainnet-blockchain-platform/amp/">reports</a>. It's native IOST token currently occupies 51st place on CMC with a market cap of $94.3 mln.
Combining decentralization and scalability
The IOST network is based on the so-called ‘proof-of-believability’ consensus algorithm. Hence, IOST allegedly succeeds where most popular cryptocurrencies fail - combining decentralization and scalability by rotating nodes.
While Bitcoin and Ethereum excel in the first department, the <a rel="nofollow" target="_blank" href="#?amp">proof-of-work (PoW)</a> algorithm takes a toll on their speed (the two O.G. cryptocurrencies are only able to reach 7 TPS and 25 TPS respectively). Their competitors that rely on the proof-of-stake (PoS) algorithm, such as Tron and <a href="https://u.today/epic-games-ceo-shows-support-for-eos-on-twitter">EOS</a>, are able to process transactions much faster by reducing the number of nodes, which subsequently makes the network less centralized.
<a rel="nofollow" target="_blank" href="#">card</a>
IOST is prepping for a big year
The build-out of the platform, which will feature decentralized exchanges, wallets and other apps, was completed six months ahead of the plan.
According to Zhong, their startup boasts a big number of partners, including <a href="https://u.today/huobi-to-foray-into-indian-market-by-launching-new-local-p2p-exchange?amp">Huobi</a>. IOST has raked in
$35 mln in funding. Currently, they have a 100-strong team with offices in New York and Beijing.
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twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
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Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
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Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
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Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)
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