IOST will launch a new website in March

IOST will launch a new website in March.

Information about IOST

IOST is a decentralized blockchain network and ecosystem with its own nodes, wallets, and is based on the consensus protocol “proof of likelihood” (Proof-of-Believability, PoB). The platform aims to facilitate mass adoption by offering a Blockchain-as-a-Service solution (BaaS), positioning itself as the foundational architecture for future blockchain services.

Unlike traditional systems that rely solely on voting outcomes, IOST incorporates the Servi point system for decision-making and committee member rotation. This provides a decentralized committee election procedure, while maintaining scalability and censorship resistance. The design of IOST ensures a voting and committee formation process where the majority of nodes have the right to create a block ( and not just a few top nodes), and nodes with more votes are assigned a higher probability of block creation.

IOST, the native token of the platform, performs several important functions within the ecosystem. The token serves as a means of payment for services and goods provided by service providers, as well as for operational fees associated with executing smart contracts. Rewards for contributing to network resources are also distributed in IOST. The token can also be exchanged for other tokens within the IOST network ecosystem.