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What is IOST?
IOST comprises its fully-fledged blockchain network and ecosystem with unique nodes, wallets, and consensus protocol. IOST specializes in speed and has committed to the development of an “ultra-fast” blockchain through a combination of innovative technologies such as a Proof Of Believability consensus protocol and Efficient Distributed Sharding.
The IOST blockchain was created by a group of alumni from some of the best-known and most prestigious universities and businesses around the globe. Behind the IOST ecosystem is Bluehill, a fifty million dollar startup incubator, and accelerator. Formulated to be similar to Ethereum’s ConsenSys, Bluehill aims to support critical infrastructure and projects that will ultimately help advance the IOST ecosystem.
IOST shares similarities to EOS and Tron, both scalable smart contract platforms with high levels of usage and opportunities for developers. IOST distinguishes itself by claiming that it can process up to 100,000 transactions per second compared to Ethereum’s 20, Tron’s 2,000, and EOS’s 4,000. To reach transaction speeds that surpass its competition, the IOST team has engineered a novel blockchain architecture that combines many different innovations such as Distributed Randomness Protocol, Atomix, TransEpoch, Efficient Distributed Sharding, and MicroState Blocks.
Modeled after the ERC20 standard on Ethereum, the IOST platform’s eponymous token runs on their blockchain as an IRC20 standard. The IOST Foundation also allows individuals to release their own IRC-20 tokens with a feature they call the “one-click token launch.”
IOST Market Price Ticker Chart
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IOST Frequenty Asked Questions
Where does IOST (IOST) rank among in terms of popularity? How relevant is it compared to competitors?
In terms of popularity, IOST currently ranks in position 96 out of the top 1000 cryptocurrencies. Another important factor in popularity is IOST‘s market capitalization – in general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. IOST has a market cap of $ 1,149,238,107, which compares to Bitcoin (the most popular cryptocurrency by several metrics) with a market cap of $ 1,015,168,858,198, Litecoin at $ 17,536,600,054, Ethereum at $ 319,195,431,222, Tether at $ 50,943,345,688, and XRP at $ 70,691,266,758.
What is the price of IOST (IOST) today (updated in realtime)?
The current price of IOST is $ 0.061666 in USD. (The price in Euros is 0,051047 €; and the price in Bitcoin is Ƀ 0.00000100 BTC.)
How has IOST (IOST) performed recently?
IOST‘s price has decreased in the last 24 hours by -1.05%. The change in price over the last seven days was 20.65%. The trading volume over the last 24 hours was $ 368,299,362. Trading volume indicates how many units of a currency are being bought and sold on specific exchanges. High trading volumes are likely to drive more on-chain activity, for example when people deposit and withdraw funds, and it is considered a good indicator of popular interest in the currency.
What is IOST‘s (IOST) market supply?
The total circulating (available) supply of IOST is 18,606,438,947 IOST. The total supply of IOST is 22,498,234,998 IOST.
What is the 24 hour volume for IOST (IOST)?
The 24 hour volume of IOST is $ 368,299,362.
What is IOST (IOST) official website?
IOST‘s official website, social accounts, blockchain explorer, and Github repository if applicable.
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