What is IOST (IOST) Coin
IOST describes itself as an “ultra-fast,” fully fledged and decentralized blockchain network and ecosystem with its own nodes, wallets and based on the “next-generation” consensus protocol dubbed “proof-of-believability.”
- IOST is a decentralized blockchain network based on the “Proof of Believability” (“PoB”) consensus algorithm. The project’s mission is to build the “architecture for online services that meets the security and scalability needs of a decentralized economy”.
- IOST raised $35.0MM (~ 35,000 ETH) via a private token sale in December 2017 and its mainnet was launched in February 2019. Since then, multiple decentralized applications have been built on the IOS network.
- Some of its key features include: Efficient Distributed Sharding (EDS i.e., a sharding scheme), TransEpoch (a way to secure validators-to-shards assignment during epoch transitions while maintaining transaction operability), Atomix (a two-step inter-shard protocol to verify the atomicity of transactions in Byzantine protocols), the Proof-of-Believability (PoB) algorithm (a Byzantine consensus protocol), and Micro State Block (MSB) (a mechanism to minimize the storage and bootstrapping costs for validators).
- In the IOS system, IOST tokens serve as the medium of exchange for all transactions and commission fees.
How To Buy IOST (IOST) Coin
1.Step: Everyone who is planning to invest in or benefit from the advantages of cryptocurrencies wonders the answer to Where to buy Iost coin question. First, you need an online wallet to buy cryptocurrencies. You need to sign up to Binance exchange from here, which is preferred globally to buy coins and you can buy coins with fiat currencies. You can quickly access many assets and trade types such as altcoins, future markets, and margin by creating a Binance account.
2.Step: Complete your registration by typing an email to the email section or typing your phone number on the section available on the mobile tab. Click/tap on the “Buy Crypto with Your Credit Card” option after the registration and verify your identity.
3.Step: Continue the process by typing the amount you would like to invest and your preferred cryptocurrency. Keep in mind that for security reasons, your credit card/debit cardholder information must match with the name available on your account. If you would like to buy cryptocurrencies with a wire transfer, you need to follow the Buy Crypto > Third-Party Payment options to pick your preferred fiat currency to buy cryptocurrencies.
4.Step: If the cryptocurrency you are planning to buy is not available on the list, buy USDT “You can always redeem 1 USDT Coin for US $1.00”. You can buy any coin you want with USDT by following Buy-Sell > Classic steps. We have provided the answer to How to buy Iost coin, now you can view the cryptocurrencies you bought by clicking on the wallet summary available on your Binance account. You can sell your assets when their value increases, or you can withdraw them to your bank account in desired fiat currency.
How Much is a IOST (IOST) Coin
IOST (IOST) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.
IOST (IOST) Coin Review
You can learn more about IOST (IOST) coin reviews and information on cryptocurrencies by visiting their official page available in the following.
Website https://iost.io/ Github https://github.com/iost-official/go-iost Medium https://medium.com/iost Documentation https://developers.iost.io/docs/en/1-getting-started/Overview.html Telegram https://t.me/officialios