"Realistic Block Chain Project IOST (beyond Etherium, EOS)"
Hello ~ Today, I would like to introduce coin called IOST.
Are you curious if it is worth investing in? Let's take a closer look today.
[What is IOST?]
IOST stands for IOS (Internet of Services) Token and is a block-chain infrastructure project that reads 'iost'. Simply put, we are building a block-chain infrastructure for services on the Internet (such as Facebook, Google, Amazon, etc.). When the infrastructure is created, various forms of services can be created on it. There are projects like Etherium, EOS, Neo, and Cardano that are familiar with similar concepts.
[philosophy]
So, there are competitors (Etherium, Ios, Neo, etc.), and what do you think IOST will do? Is it competitive?
IOST pursues realistic projects. Realistic? What do you mean?
Blocks that maximize scalability and transaction speed while securing the level of security required by everyday services such as Amazon, Facebook, Instagram, and Uber, rather than the areas where extremely high security is required, such as exchanges, banking, We are developing a chain infrastructure. This is to decentralize everyday services.
Bitcoin, Etherium, EOS and IOST.
It is a picture that shows well the direction of IOST.
The technical details will be discussed later, but in brief,
The bit coin is called the first generation, so it presents the concept of virtualization system, but it has a lot of technical problems and limitations, and it is Etherium that came to practical use. So many people are called second generations. However, Etherium is experiencing problems such as network bottlenecks and security issues due to its slow processing speed (TPS).
Although EOS has emerged to overcome Etherium as its latecomer, the 21 centralized nodes in the PoS system are finally turning into a form of decentralization, the core value pursued by the block chain.
[Core Technology]
IOST is trying to improve the problems of the above projects in different ways.
What technology is available to use?
Let's take a quick look at two key technologies.
Core Technology 1. Efficient Distributed Sharding (EDS)
- EDS is a technology introduced to perform transactions at the same time on a large scale. A very simple technique is to make a transaction possible through the consensus of some nodes without all nodes agreeing.
Core Technology 2. Proof-of-Believability (PoB)
The following are PoB or reliability-based agreement protocols. IOST is not mined coin. If you have a good understanding of the block chain, you might think, "What is PoS (Proof-of-Stake), not Proof-of-Work, PoB?"
PoB or reliability based consensus mechanism is applied to IOST to solve centralization issue which is the biggest problem of PoS agreement mechanism. To overcome the limitations of PoS, in which nodes with many tokens or coins have more and more benefits and privileges, PoB measures not only the token retention but also the trust index of the node to distribute benefits and privileges to the node with the highest reliability There is.
[investor]
Now, let's look at the concept and the key technologies that will support it. When we say this, it can be difficult to know how great it is. So what should we do? It would be helpful to look at the judgment of the expert.
Let's look at the professional investment organizations that have invested in IOST. There are a lot of block chain projects and virtual money in the world, and they all seem good to me. It would be worth it if a professional agency that has invested a lot of money and analyzed the actual usefulness from a professional point of view is a trustworthy place.
From an investor's point of view, IOST differentiates itself from other projects by not only the global Crypto Fund but also the US and China's leading institutional venture venture capital.
Sequoia, Matrix, ZhenFund, and other top-class venture capitalists are working with IOST. In addition, more than 15 well-known crypto funds, including INBlockChain, have invested in the IOST mission. In addition, many prominent celebrities like ZhenFund partner Yusen Dai and Codeacademy founder Ryan Bubinski join us as advisors.
Sequoia: We have already invested in Apple (!), Which was a very small company in 1975, and have invested in Oracle, Cisco, Electronic Arts, Google, Youtube, Invest in turn. The sum of market capitalization of companies invested by Sequoia Capital is about 22% of NASDAQ.
Matrix: Since 1970, we have been reading "Potentia" for companies to succeed. We have invested in companies such as Apple, Office Club and SanDisk, which are now global companies, and early stage IT companies such as SanDisk and Fedex.
ZhenFund: Zhen Fund is a key player currently dominating the Chinese venture capital market. The assets of Zen Fund are about $ 600 million, and invested in 500 start-up sites in Palo Alto, USA as well as major Chinese cities such as Beijing and Shanghai.
This institutional Venture capital is making bold investment in IOST! I think it is definitely a part to consider.
[Roadmap]
So what schedule is going on?
[exchange]
Are you interested in investing? So where can I trade?
IOSToken is available for trading in Binhans, Huovi, OKX, CEX, KuCoin, etc.
[Coin market cap]
So let's look at what kind of response IOST is in the real market.
It looks like a graph of trends similar to many virtual currencies.
Looking at the period in which it surged in May '18, it seems that the first public test net 'Everest 0.5' was released, and at that time TPS reached 8,000 level. This is 400 times faster than etherium and 8 times faster than EOS. (Everest 1.0 version was released on September 10)
Ultimately, 10,000 TPS is the goal, and we expect to see a significant improvement in the slower processing speeds that were a problem in the block chain.
Today I looked at the concept of IOST ~ Next, let's look at the technical part ~!
Thank you ~ !!
Source: IOST.io, IOST Korea, Wiki, Google