What is IOStoken?
IOST is a comprehensive ecosystem for businesses and developers to innovate and discover new ideas. It won’t matter the scale. The main idea is to create this platform, a digital ecosystem that runs on the Ethereum blockchain that would be a market place for trading the IOS facilitated by Ethereum-run smart contracts.
Services such as HUDS (Hyper Universe Distributed System)-which provides a decentralized secured, searchable, efficient and economical way to store information-, DApps and smart contracts, Fair and Transparent Feedback System (FTFS) are at the disposal of the developers to help them realize their full potential.
IOST has a powerful consensus engine called Proof of Believability (POB) and a dynamic sharding protocol called Efficient Distributed Sharding (EDS). POB guarantees that nodes have negligible probability to fail while significantly increasing the transaction throughput.
EDS benefits underlying blockchain networks by reducing the transaction processing load on each validator and increasing the processing capacity in accordance with the increase of new participants in the network. IOST aims to make decentralized services with large transaction volume possible.