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Price
$0.0120
9/25/2022, 8:27:49 PM
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Market

Market stats

Market cap

$222.7M

Volume (24h)

$5.5M

Circulating supply

18.6B IOST

All time high

$0.14

Price change (1h)

-0.39%

Price change (24h)

-2.32%

Price change (7d)

-2.09%

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IOST is on the decline this week.

The price of IOST has fallen by 2.09% in the past 7 days. The price declined by 2.32% in the last 24 hours. In just the past hour, the price shrunk by 0.39%. The current price is $0.01197 per IOST. IOST is 91.45% below the all time high of $0.14.

The current circulating supply is 18,588,745,668 IOST.

About

IOST describes itself as a fast, decentralised blockchain network based on a consensus algorithm called Proof of Believability.

What Is IOST (IOST)?

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:

  • Mainnet - An IOST mainnet address is the equivalent of usually seen wallet addresses on Ethereum. But, IOST addresses are human-readable and are set up by the end user.

  • Stable Network - IOST network has had negligible downtime since the mainnet launch in 2019.

  • PoB Consensus - The proof-of-believability consensus protocol uses an intra-shard believable-first approach. PoB tackles the scalability dilemma once and for all, seeking to ensure the network's security, high scalability, and decentralization.

  • User-friendly - IOST seeks to offer quick transactions in addition to human-friendly user account names.

  • Booming Ecosystem - IOST has flourished to host half a million global users, over 400 nodes across 20 countries, and top-notch partnerships.

  • High Scalability - IOST network can hold up to 8,000 transactions per second.

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.

History of IOST (IOST)

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

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FAQ

What is the current price of IOST?

The price of 1 IOST currently costs $0.0120.

What is the market cap of IOST?

The current market cap of IOST is $222.69M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of IOST?

The all-time high of IOST is $0.14. This all-time high is highest price paid for IOST since it was launched.

What is the 24 hour trading volume of IOST?

Over the last 24 hours, the trading volume of IOST is $5.46M.

What other assets are similar to IOST?

Assets that have a similar market cap to IOST include 0x, BORA, Fruits, and many others. To see a full list, see our comparable market cap assets.

How many IOST are there?

The current circulating supply of IOST is 19 billion.

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