IOST: What Do You Mean By It?

 Known as the Internet of services token, is a decentralized blockchain technology that is based upon the consensus algorithm called PoB or Proof of Believability.


The objective is to create a framework of online tasks that are compatible with the needs like security and another is the scalability of a decentralized economy.


IOST aims to achieve the status of a newbie robust blockchain performing platform that would help in the provision of a better fundamental framework for the developers.


The team behind the IOST blockchain is acquainted with in-depth knowledge of blockchain and the management of enterprises.



Team Behind IOST

IOST was founded by a team of co-founders named Justin Li, Ray Xiou, Jimmy Zhong, Terrence Wang, Kelvin Tan, and Sa Wang.

Objective

The motive behind developing it was to run Dapps in a new creative way. Even though it may not be that much in brand value to Ethereum, but still it did make an impact for progressing crypto and blockchain technology in previous years (2018 - 2019).


In mid-April 2019, it made it to more transactions to Ethereum’s blockchain. Some of the top IOST Dapps include:


  • Endless Game 

  • IOST

  • Tron Chip

  • Guppys

  • IOST Moon


If you want to grab the ongoing updates of IOST, then better switch to the Cryptoknowmics site.


Here you will not only get to know about IOST through blogs, but can also explore more other topics, news, and events that have taken place or which are about to happen.


If you consider yourself a true crypto enthusiast, then don’t skip any updates related to IOST and others.

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