Internet of Services Blockchain Project - IOStoken (IOST) - What is It and Why it has Potential

What is the IOS project

Founded by Jimmy Zhong, this is a project focusing on creating a more efficient and scalable blockchain for services. The key, distinguishing aspect of the IOS infrastructure lies in its goal to allow for faster and more secure payments online across multiple decentralized and customizable service platforms. Essentially trying to fill the niche of scalability which many of current cryptos as having issues with. Filling void of next generation blockchain technology. Will provide users with decentralized way to exchange services and digital goods, support for large scale daps, with limitless users. With online retail growing this is looking to meet that need. Can do 100,000 secure transactions per second.

Their vision of creating a more scalable and available blockchain possessing mass practical applications began in 2017, and it has expanded to specifically target virtual goods and services marketplaces, cloud computing, file storage, e-commerce, online gaming, gambling, prediction markets, online advertising, and every major field under the sky.

The IOS infrastructure allows for online service providers to perform complex and secure transactions at scale because of a number of its cutting edge technologies:

EDS (Efficient Distributed Sharding)

PoB (Proof of Believability)

HUDS (Hyper Universe Distributed System)

FTFS (Fair & Transparent Feedback System)

Each of these technologies plays an integrated role in forming the stable backbone for feasible and safeguarded transaction possibilities. One of the most exciting capabilities of IOS is its capacity enabled by EDS to process large volume of transactions securely and fast. Instead of having the entire network to verify all transactions, the IOS blockchain divides all nodes into smaller pieces called “shard”, which allow the network to process transactions in parallel.

Ethereum is trying to do to much and that is why its not scalable where IOS is solely focused on services and is scalable and flexible. More efficient than Ethereum.

Team

Very strong team. The IOS team is a mix of talent from top universities including Harvard, Princeton, Stanford, and more. The IOS team explains the motivation behind the project, “We are frustrated that most blockchain technologies are limited by their technical designs. In general, large fees and limited computational capacity prevent widespread blockchain adoption.” A lot of Goldman Sachs, Morgan Stanley, Former Google Engineers.

Funding

Raised 35K in Ethereum or 40 Million USD in funding. Established investors, such as Sequoia China and Matrix Partners China, stand among the major financiers backing this new project.

IOSToken

21 Billion max supply

Available for purchase on Binance

Price Prediction - $2

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Disclaimer - Thinking Crypto and Tony Edward are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This channel and its videos are just for educational purposes and NOT investment or financial advice.