Iost iost

IOSToken (IOST) is building a proprietary blockchain called the Internet of Services (IOS), focused on scalable and high throughput smart contract processing. The team plans to build the infrastructure layer to develop and deploy large-scale decentralized applications (DApps) that will need high throughput processing. IOST is also developing additional services, including decentralized storage and a feedback system for developers. Similar projects IOST plans to compete with include Ethereum, NEO, Stellar, and Zilliqa

IOST was launched by Jimmy Zhong, Terrence Wang, Justin Li, Ray Xiao, Sa Wang, and Kevin Tan. - Zhong has founded other tech startups in the U.S. and China. - Wang's previous experience includes serving as an Uber software engineer. - Li previously worked as an investment banking associate at Goldman Sachs and a data scientist at Mobike

The main reasons to invest in IOST include:- - To allow for faster processing, IOST uses a new consensus mechanism called proof-of-believability (PoB) and a sharding system called efficient distributed sharding (EDS). - IOST aims to resolve centers on how big companies may not be able to embrace blockchains in a customer-facing environment unless they are scalable. - IOST’s blockchain infrastructure is open-source and designed to be secure and scalable