How and Where to Buy IOST(IOST) An Easy Step by Step Guide






IOST is a Chinese solution for the scalability problem of many blockchain networks, which was the most hit news in 2018. IOST offers a vast number of dapps and dapp users, which is noteworthy given that it is still a relatively new blockchain in comparison to the other “Big 4” blockchains. At the present, the most popular IOST dapps are gambling, games, and exchanges. The team has huge plans for 2019, including bringing in over 100 million users. To do so, they'll need to keep growing the number of dapps and dapp use, as well as expanding their relationships with various organizations. They intend to keep collaborating with other exchanges and enhance their team to build the “world's first scalable AND decentralized blockchain project.”


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About IOST

IOST is enterprise-level blockchain technology in development from the Internet of Services. The platform is centered on blockchain technology that is ready for widespread deployment via Blockchain as a Service. The technology distinguishes itself from existing blockchain systems with efficient distributed sharding, a node-to-shard protocol, and Proof of Believability consensus verification.



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What is IOST [IOST]?

IOST promotes itself as an ultra-fast, fully developed, and decentralized blockchain and ecosystem with its own nodes, wallets, and a "proof of believability" consensus mechanism of "next-generation."


IOST's engineers want to create the top platform for online services that can satisfy the high standards for security and scalability in a decentralized ecosystem. The platform is aimed at service providers and blockchain developers that want a quick and dependable infrastructure.


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Who Are the Founders of IOST [IOST]?

Jimmy Zhong, Terrence Wang, Justin Li, Ray Xiao, Sa Wang, and Kevin Tan developed the project in January 2018.


Zhong has also created additional digital companies in the United States and China. He put up his first firm for sale, a platform where students could swap class notes, for $40 million while still in undergraduate. He then returned to Beijing, where he co-founded IOST, among other initiatives.


Wang's past experience includes working as a software developer for Uber. He has a bachelor's degree in computer science and a master's degree in computer science from Princeton University.


Li formerly served at Goldman Sachs as corporate finance and also worked at Mobike for the position of a data analyst. He was a bachelor of computer science and applied mathematics. Tan was a co-founder of Ethercap at the time, and he graduated from Tsinghua University and got a degree in computer science.


Dora, an AI business specialized in intelligent kiosks, was co-founded by Xiao, Jimmy, and Sa. At university, he majored in computer science and quantitative economics.


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What Makes IOST Unique?

IOST's blockchain architecture is open-source and built to be safe and scalable, with the goal of one day serving as the backbone for internet services.


The IOST team has introduced a “proof-of-believability” consensus method to guarantee transaction processing is safe and efficient.


One of the most pressing issues that IOST seeks to address is how large corporations may be unable to adopt blockchains in a customer-facing environment unless they are scalable. The Internet of Services Token is proposed as a solution to this issue.


 Ethereum is the most widely used smart contract platform for developers. It's also comparable to EOS and TRON, which are both extremely scalable smart contract systems with widespread use. The biggest distinction between IOST and its competitors is that it promises to be able to execute 100,000 transactions per second, compared to 20 for Ethereum, 2,000 for Tron, and 4,000 for EOS.


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Where Can You Buy IOST [IOST]?

You can buy IOST from numerous exchange platforms. Binance is the most prominent name in trading the IOST token. Some other important names include Bittrex, CoinEx, Livecoin, and Bitrue.


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Frequently Asked Questions

Is it possible to purchase IOST with cash?

No. It is not possible to purchase IOST with cash. You can, however, utilize markets such as LocalBitcoins to first acquire BTC, and then complete the remainder of the procedures by moving your BTC to the appropriate AltCoin exchangers.

How does the IOST Network keep its data safe?

IOST focuses primarily on its proof-of-believability protocol (PoB) and efficient distributed sharding (EDS) to increase the scalability and security of its blockchain.

On what factors the price of the IOST Network [IOST] Depends?

Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact IOST’s price and market cap.


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