Today the blockchain industry has certain limitations related to the scale and spread of digital currency. These technologies remain in the early stages of development. Therefore, the emergence of new cryptocurrencies is faced with various problems that developers are trying to solve. Traders and investors pay special attention to the digital currency IOST. It has already gained some popularity among users.

About the IOST project

This platform is designed to improve blockchain infrastructure by addressing scalability issues within the system. The team, using proof of authenticity and efficient distributed sharding, wants to make cryptocurrency more popular. Although here it is competing with such large market players as Alibaba, and Airbnb.

The platform allows the exchange of digital services and goods in a decentralized way. This method makes it possible to distribute parts of the data between different bindings. In this case, they are quickly pumped. This principle is called Sharding. The system tools are resistant to hacker attacks.

The blockchain system has the following differences:

Functions on the principle of trust. When checking the coin balance, the node is given a plausible status. At the same time, blocks begin to form using the Byzantine error tolerance mechanism. This technology allows you to speed up the operation.
The process of increasing productivity is under way along with the appearance of new participants. In this case, the load on transactions is reduced.
A special protocol Atomic Commit is used. He is responsible for the continuity of financial transactions within the system.
Micro State Blocks are used to create checkpoints that target specific control points.
These blockchain features make it possible to ensure the energy intensity of proof of work protocol.

IOST features

You can pursue different goals while using tokens. They are used for exchange, payment for services, as a commission for smart contracts in the ecosystem. Coins play a decisive role during the special calculation of the participants credibility score. In this case, the developers use a special consensus algorithm.

For IOST transactions or commissions, the calculation is made using cryptocurrency funds to get points. There are different exchanges that work with this cryptocurrency. They can be found on major resources such as Binance, Cobinhood or Huobi. You can store your savings in IOST in the MyEtherWallet and MetaMask wallets.

Lets take a closer look at the principles of financial transactions using this crypt. All transactions are verified using a simplified SPV procedure. This system gives each node a unique identifier hash, which guarantees the efficiency of registration, discovery and processing of data.

In this situation, the distributed block using the underlying chain reduces the load during transaction processing for each validator. As a result, processing performance is increased. Also, a flowchart that uses the Atomic Commit protocol pulls operations atomically through shards. Consequently, the system provides a guarantee for the completion of transactions or for their interruption.

A little about sharding. This process is necessary to distribute the network of nodes into small groups. All transactions are proportionally verified by the system. As a result, the number of shards for new nodes increases, which leads to high-speed processing of financial transactions.

The developers have implemented this technology in IOST through Efficient Distributed Sharding. It reduces the load on transaction processing by increasing the network bandwidth. The uniqueness of the system lies in the fact that it uses a special scheme for creating shards. They write and process a significant number of state transactions. This preserves the statistical bias-resistance.

During the transition between different "eras", the protocol adds groups of nodes to shards. This process is facilitated by the TransEpoch algorithm, which helps confirm transactions during the transition. This "Byzantine" consensus makes it possible to keep the platform secure.

Cryptocurrency successfully functions with shards; the architecture needs the ability to conduct operations within the process itself. Therefore, the Atomix protocol is used to eliminate double-spending. This maintains the sequence of the transaction history. More detailed information about the features of operations on the platform can be found on the official website of the project.

Each user has the opportunity to replenish his wallet. There are several options for this:

Join the development of the project to receive bonuses.
Participate in the Bounty program.
Buy tokens through exchangers or from individuals.
Hence, these opportunities will help you get coins quickly. They can be used to conduct different transactions.

How IOST is created

The project begins its history on December 31, 2017, when the creators of the IOST cryptocurrency published a White Paper on the network. January 16, 2018, according to the coinmarketcap.com Internet resource, became the official day of the launch of trading in this currency. The platform was created for about a year, although the classic ICO was not carried out.

Only authorized users and accredited contributors contributed funds. The authors have launched 21 billion tokens into the system. They were distributed as follows:

2.5% was received by investors and advisers who had previously invested in the formation of the system.
10% became the property of the project team.
12.5% were directed to attract potential users.
35% were received by the founders as a guarantee of network stability.
40% were sent to the market.
This distribution of coins was associated with the development of a special concept for the development of the project. It was described in detail in the technical documentation.

Information about the team of specialists who are developing this platform was marked on the official website:

Terrence Wang has a background in cryptography, which he began to gain while studying at Princeton University.
Jimmy Zhong is a flamboyant third-party cryptocurrency and renowned programmer.
Ray Xiao is the author of several interesting economic startups.
Bosch Lee has partnered with such well-known company as Goldman Sachs & Morgan Stanley.
Kelvin Tan is a true genius who received a platinum medal at the Olympics for young talents. In his years, he already collaborates with the famous EtherCap.
Also involved in software development are Ray Zhu, Sheldon Mei, Michael Xufu Huang and other specialists. The authors of the project are little-known and young experts, but their achievements are a clear confirmation of their professionalism.

Is IOST infinite?

Today, the IOST cryptocurrency rate does not show much popularity among large investors and users. Although it occupies an honorable place in the TOP 100 digital currencies in the world. The authors of the system are constantly faced with certain competition, which is associated with the introduction of technological innovations in the field of blockchain.

The developers themselves argue that the platform was created to solve scalability problems. This is also done by EOS and Zilliqa specialists. But they are not seen as competitors. Rather, they act as like-minded people who help find different approaches to the same issue. Consequently, these projects are more "related" to the IOST authors than, for example, experts from NEO, Ethereum or Qtum.

In the future, the creators of the project want to involve more developers and entrepreneurs in the process of developing the system. They believe that this will become one of the advantages over potential competitors. The specialists also plan to continue working with investors Matrix Partners and Sequoia Capital.

Analysts are confident that the value of the digital currency will only grow in the near future if minor adjustments occur within the system. This cryptocurrency is designed for the iOS platform only. Todays success demonstrates interest from potential investors. Developers continue to make every effort to integrate with IOSVM, introducing new smart contracts. Various algorithms are also being tested and the security system is being improved.

Some observers are not yet able to make an accurate forecast of crypto growth. Therefore, they do not give any recommendations for investing in IOST, since the situation in the digital currency market is constantly changing. Everything will depend on the actions of the creators themselves. Before investing in this project, it is best to carefully study the opinions of all well-known experts. At the same time, you need to clearly understand the advantages and disadvantages of investing in such a young cryptocurrency.

This platform is positioning itself as a new generation coin, which may seriously compete with top trading platforms in the future.

Strengths of IOST

This site is a unique new generation system that uses a special algorithm for scalability. EDS and Fast grade commit help her in this. Digital currency was created to improve the security of financial transactions of the platform.

The system has several advantages. They are related to the efficiency of the IOST blockchain:

The reliability of each unit ensures that operations run smoothly without downtime.
Security of transfers is done atomically.
During the increase in the number of users, the scalability of the throughput of the chain occurs.
Low latency is achieved with low latency in block diagrams.
But the system has its drawbacks, of which there are not many. Lets consider some of them:

The startup does not attract a wide audience, but only works with individual investors. Some experts are suspicious of this situation.
The site is vulnerable to cyber attacks. But the authors continue to work on fixing this important issue.
These are the disadvantages of cryptocurrency functioning. So far, users have not encountered it so much to find more flaws.

The creators are confident that lowering costs will help keep the chain levels up to date. The IOST cryptocurrency should become the basis for the provision of blockchain services. Lets also pay attention to the platform features:

It is designed according to the ERC-20 standard with a HUDS structural structure.
The system can quickly process up to 100 thousand operations per second. This difference gives it an edge over other sites.
The original consensus mechanism is used with a special "fairness" algorithm. All data is distributed to nodes in a random order. At the same time, a rational assessment of each user is carried out.
Also, the IOST platform is actively supported by leading investors who made significant investments in the project back in 2018. Thus, they have demonstrated an interest in big business.

IOST in TOP currencies

Today, IOST crypto can be purchased for about $ 0.005 with a market capitalization of $ 58 million. On the coinmarketcap.com website, the currency is ranked 68th, which does not mean its strong popularity among users and investors.

What is the reason for this? The team is still little known in the world market. Plus, the platform has a weak marketing strategy. Consequently, the project is just starting to gain momentum, introducing new technologies in the processing of financial transactions through a decentralized blockchain. The authors are confident that in the near future there will be an increase in token sales.