Introduction to IOST Blockchain
IOST is a blockchain application platform designed for online service providers, backed by top global investment firms like Sequoia Capital and ZhenFund. Since its mainnet launch, IOST has emerged as one of the world’s top four DApp platforms alongside Ethereum, EOS, and Tron.
👉 Discover how IOST compares to other blockchain platforms
The platform achieves horizontal scaling and high throughput through:
– PoB (Proof of Believability) consensus mechanism
– Layer-2 scaling solutions
– Developer-friendly infrastructure surpassing EOS in decentralization
– Greater scalability than Ethereum’s smart contract platform
Project Background
Development Team
The Internet of Services Foundation (IOS Foundation), a Singapore-based non-profit organization, oversees IOST development. The team comprises:
– Blockchain specialists from Princeton, Stanford, MIT, Tsinghua, and Peking University
– Members with 3+ years of blockchain research experience
– Global offices in Silicon Valley, New York, Singapore, Seoul, Tokyo, and Berlin
Key Advantages of IOST
IOST addresses critical blockchain challenges through:
1. Censorship Resistance
- Guarantees immutable smart contract execution
- Protects user interests through tamper-proof records
2. Algorithmic Committee Selection
- Validators chosen based on:
- Community contributions
- Token holdings
- Replaces traditional DPoS voting systems
3. Equitable Incentive Distribution
Unique PoB features:
– Servi auto-burning mechanism
– Periodic validator rotation
– Merit-based reward allocation
👉 Learn about IOST’s innovative consensus model
4. Proof of Believability
IOST’s proprietary consensus algorithm combining:
– Token-based validation
– Contribution metrics
– Dynamic node rotation
5. Enhanced Scalability
Achieved through:
– Protocol-layer solutions
– Layer-2 technologies:
– State channels
– Sharding
– Sidechains
Core Technology: PoB Consensus Mechanism
Two-Tiered Validation System
Tier 1: Sybil Attack Prevention
– Token-based staking requirement (2.1M IOST minimum)
– Similar security model to established PoW/PoS chains
Tier 2: Block Production
– Servi points system:
– Earned through network participation
– Converted from staked tokens
– Required for block validation rights
– Key features:
– Frequent validator rotation
– Competitive Servi consumption
– Foundation-backed incentives
Technical Benefits
- Lower validator entry barriers
- Higher node participation
- Faster consensus achievement
- Superior decentralization vs. EOS DPoS
- Enhanced network security
IOST vs. Major Blockchains
| Feature | IOST | Ethereum | EOS |
|---|---|---|---|
| Consensus | PoB | PoW/PoS | DPoS |
| TPS | 8,000+ | 15-30 | 4,000 |
| Finality Time | <1s | ~6 minutes | ~0.5s |
| Node Count | 400+ | 10,000+ | 21 |
| Smart Contracts | Yes | Yes | Yes |
FAQ Section
What determines IOST’s price?
IOST’s market value reflects:
– Network adoption metrics
– Exchange trading volumes
– Broader cryptocurrency trends
– Technological developments
How does PoB differ from PoS?
While both use token staking, PoB:
– Incorporates contribution-based Servi points
– Enforces validator rotation
– Eliminates permanent validator advantages
Where can I stake IOST?
The network supports staking through:
– Official IOST wallets
– Approved exchange platforms
– Community-run nodes
What makes IOST more scalable than Ethereum?
IOST achieves scalability through:
– Layer-2 solutions
– Microstate blocks
– Efficient sharding implementation
– High-throughput consensus design
How decentralized is IOST compared to EOS?
IOST demonstrates greater decentralization by:
– Supporting 400+ active nodes vs. EOS’s 21
– Implementing rotational validation
– Eliminating perpetual supernodes
What’s IOST’s gas fee structure?
The network features:
– Ultra-low transaction costs
– Predictable fee model
– No auction-based congestion pricing
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