IOST
Current price
$0.000776
−5.94%24h
LiveUpdated 34s ago
TodayIOST drops 5.9%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.64%
- 24 hours−5.94%
- 7 days−5.60%
- 30 days+0.36%
- 1 year−67.71%
IOST's move in context
Lagging the market today
−5.94% today against −3.26% for the market as a whole, a gap of 2.7 points. Small gaps like this are common, so they don't point to anything specific.
Trend has turned
−5.6% over 7 days and +0.4% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About IOST
Overview
IOST, short for Internet of Services Token, is a blockchain platform designed specifically to support the next generation of internet services. Its core mission is to create a decentralized, scalable, and user-friendly infrastructure for online applications, enabling developers to build, deploy, and manage decentralized applications (DApps) seamlessly. One of the distinguishing features of IOST is its focus on high throughput, with the capacity to process thousands of transactions per second. This innovative platform utilizes a unique consensus mechanism combined with sharding technology, aimed at overcoming the scalability issues that plague many other blockchain networks.
Technical Features
The IOST blockchain employs a consensus mechanism known as Proof of Believability (PoB), which assesses users' credibility based on various factors, such as their contributions to the ecosystem and past behaviors. This design encourages positive behavior and active participation from its users. In addition, IOST leverages a sharding architecture that divides the network into smaller chunks, allowing parallel processing of transactions for enhanced speed and efficiency. The platform utilizes an auxiliary layer known as the 'Service Node,' which strengthens its security model by offering reliable services while maintaining decentralization. Developers can also take advantage of IOST’s easy-to-use SDKs, which simplify the process of building DApps and integrating IOST capabilities.
Use Cases
IOST has a broad array of use cases, primarily focusing on enhancing decentralized finance (DeFi), governance, and smart contract functionalities. By providing a robust platform for DApps, IOST enables developers to create innovative solutions that can facilitate peer-to-peer transactions, lending, and trading within DeFi. Moreover, IOST powers decentralized applications that require efficient governance models, allowing token holders to participate in decision-making processes. Additionally, the platform supports non-fungible tokens (NFTs), allowing users to create, buy, and sell unique digital assets, thus expanding its ecosystem further into the NFT market.
Development Background
IOST was founded in 2017 by a team of blockchain experts and entrepreneurs, including co-founder Jimmy Zhong, who sought to address the limitations of existing blockchain technologies. The project gained significant traction, raising over $40 million in its initial coin offering (ICO). Since its inception, IOST has been recognized for its robust technical framework. The platform has undergone numerous updates and improvements, continuously adapting to the rapidly evolving blockchain landscape and responding to user and developer feedback.
Community and Ecosystem
The IOST ecosystem is supported by a growing community of developers, enthusiasts, and investors. The platform has established partnerships with several companies and organizations, fostering a collaborative environment for innovation. Various applications and projects built on IOST include gaming platforms, decentralized finance tools, and NFT marketplaces. The IOST community is active in promoting the platform through hackathons, educational initiatives, and various outreach programs, ensuring sustained growth and development.
Future Potential
The future potential of IOST is promising, driven by its technology, numerous use cases, and an ambitious roadmap. As the demand for decentralized services continues to rise, IOST is positioned to play a significant role in this evolution. Upcoming features and developments, including enhanced scalability solutions and partnerships with leading industry players, indicate that IOST aims to further solidify its position in the blockchain space. By consistently innovating and expanding its ecosystem, IOST holds the potential to become a pivotal player in the future of decentralized internet services.
IOST market
- Position by market cap among the coins we track.
- #289
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $28.31M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.000764High $0.000831
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $0.1298
- Now 1% of itReached 24 Jan 2018 · Needs +16,631% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 36.48B IOST
- 41% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 49.01B IOST
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 90B IOST
- The most coins that can ever exist. Some coins have no limit.
IOST converter
1 IOST = $0.000776
