A complete review of the IOST cryptocurrency for the investor

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IOStoken (IOST) – cryptocurrency benefits overview

Internet Services, or iOS, is a blockchain platform that is designed to give users a completely decentralized way of exchanging Internet services and digital goods. It also allows developers to deploy large-scale decentralized applications with the ability to support a massive number of users.

An iOS white paper mentions the importance of services as the platform grows. The document has a quote from Edward Felton, which said:

 “The secret to the success of the Internet was its openness to“ new services. ”

With this in mind, iOS is committed to creating a platform on which developers can create better services for the blockchain ecosystem.

How does iOS work

In IOS, all intelligent IoT devices, such as computing devices, self-propelled vehicles, unmanned aerial vehicles, unmanned terminals and storage devices, can be considered nodes in the network.

IOS has “first-class nodes” that support all the technical functions of the network and serve as network support devices, service providers, and law enforcement agencies. This is similar to the idea of ​​a “first-class citizen” in Java.

Devices that cannot function as first-class nodes (for example, due to resource constraints) can run the lightweight IOS client using simplified payment verification (SPV) to verify transactions. With this system, each node has a unique hash identifier to ensure that it can be efficiently registered, discovered and processed.

Meanwhile, users interact with the IOS blockchain through an account. The account contains all the personal information of users, including their digital assets and other relevant information.

Another key feature of iOS is called the distributed Hyper Universe or HUDS. Through this system, IOS is committed to providing a blockchain capable of hosting a wide range of service providers, including everything from independent small business owners to corporate services such as Amazon or Alibaba. HUDS is a hosting system in which users and service providers can store files or metadata on multiple network nodes.

 IOS blockchain

The iOS flowchart is designed for security and scalability. A blockchain has four unique characteristics that differ from other modern blockchains:

  • Credibility Proof:
    Credibility Proof is a randomized evidence of consensus. The “likelihood” of a node is associated with factors such as the balance of IOS tokens, reviews, user behavior, etc. The blockchain uses the accelerated Byzantine error mechanism to select a set of nodes for the next block.
  • Efficient Distributed Unit (EDS):
    The Ech blockchain digital signature uses the core network of the chain, reducing the transaction processing load on each validator, thereby increasing the overall processing performance linearly with the size of the new members.
  • Atomix:
    The IOS flowchart uses Atomix, the Atomic Commit protocol, to conduct transactions atomically through shards. This system ensures that all transactions either complete or interrupt atomically – even when they affect the IOS blockchain state, distributed across several fragments.
  • Micro State Blocks:
    The IOS flowchart uses classic distributed control point principles to periodically create consistent, collectively signed states. System microstatus blocks minimize storage and upgrade costs, helping new or emergency validators quickly catch up with the current state of the block.

In general, plausibility proof is designed as an innovative new consensus mechanism that eliminates the need for energy-intensive proof of work protocol.

IOS features and benefits

What makes iOS and iOS blockchain better than competing blockchains? Here are some of the features and benefits of the iOS blockchain:

  • Reliable: With the IOS blockchain, each block correctly and continuously processes assigned transactions without downtime.
  • Safe: transactions are made atomically or are interrupted, both between and within blocks.
  • Scalability. As the number of users in the iOS ecosystem increases, the throughput of the iOS chain increases.
  • Minimal storage: IOS flowchart reduces transaction history for validators by periodically generated block status summary.
  • Low Latency: The IOS flowchart provides low latency for transaction confirmation, allowing millions of transactions per second.

Output

IOS, or Internet service, is the next generation blockchain revolving around the use of IOST. IOST marks were sold in January 2018 during the ICO, which was available only to institutional investors.

One of the few unique benefits of iOS is the use of ‘evidence of credibility’ as a consensus mechanism. This mechanism works similar to proof of stake, but takes into account the reputation of the nodes.

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