IOST, an acronym for Internet of Services Token, aims to be a scalable, secure, and quick blockchain network based on the next-generation proof-of-believability (PoB) consensus algorithm. Backed by top-notch traders and led by a team of experts, the platform aims to be the underlying architecture for online services meeting a decentralized economy's security and scalability needs.

In spite of the recent hype in the cryptocurrency market, the underlying blockchain technology is still early and far from mass adoption. One of the well-recognized problems with current blockchain technologies is scalability. High fees and slower transaction times on the Ethereum network have left the door open for new solutions to emerge. The whitepaper proposes the Internet of Services (IOST) as an innovative and secure blockchain paradigm providing horizontal scalability and high transaction throughput. By implementing the novel sharding (a database-partitioning technique) architecture and consensus mechanism, the IOS system can seek to process up to 100,000 secure transactions per second.

The main features of the IOST platforms aim to be the following:

The native token of the platform is IOST.  IOST serves as the medium of exchange for all transactions, payments for services and goods provided by merchants or other community members, and commission fees in the IOS system. The commission fee seeks to incentivize the validators and prevent malicious users from damaging the community's interests through the excessive deployment of smart contracts. Anyone can stake, trade, and utilize IOST to engage across the ecosystem of IOST services, DApps, and marketplaces. IOS also aims to play a significant role in calculating a user's believability score. All IOS tokens get generated in the Genesis Block. In addition, as a member of the IOS ecosystem, each user can acquire IOS tokens through validating transactions and contributing resources.

The whitepaper of IOST was released on December 31, 2017. The mainnet of the platform was launched in 2019.

We update our IOST to GBP currency in real-time. Get the live price of IOST on Coinbase.

The current market cap of IOST is £23.026M. A high market cap implies that the asset is highly valued by the market.

The all-time high of IOST is £0.102. This all-time high is highest price paid for IOST since it was launched.

Over the last 24 hours, the trading volume of IOST is £19.236M.

Assets that have a similar market cap to IOST include Orbs, LUSD, Nillion, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of IOST is 35 billion.