What Is IOST

Definition of IOST

IOST is a high-performance blockchain platform designed to support decentralized applications and services with a focus on scalability and efficiency. IOST, short for Internet of Services Token, originated in 2018 as a project aimed at revolutionizing blockchain technology for widespread adoption. Founded by a team including Jimmy Zhong, Terrence Wang, and other blockchain experts, it emerged from a vision to create an infrastructure for online services that could handle massive transaction volumes. The core concept revolves around providing a secure, scalable network for developers to build dApps, emphasizing user-friendly tools and high throughput. Its ecosystem includes tools for smart contract development, decentralized finance integrations, and community-driven governance, making it a versatile player in the crypto space.

How Does IOST Work

Blockchain and Consensus Mechanisms

IOST operates on a unique Proof-of-Believability (PoB) consensus mechanism, which combines elements of Proof-of-Stake with a believability score to ensure efficient and fair validation. This system allows for rapid transaction processing, aiming for thousands per second. It uses sharding technology to divide the network into smaller groups, boosting scalability. Smart contracts on IOST are written in languages like JavaScript, enabling easy development.

Technical Principles

Private and public keys secure user assets, with public keys for addresses and private keys for signing transactions. The network's Efficient Distributed Sharding (EDS) further enhances performance by distributing workloads.

How Is New IOST Created

Issuance and Mining Mechanisms

New IOST tokens are primarily created through a staking and validation process rather than traditional mining. Validators stake IOST to participate in the PoB consensus, earning rewards based on their believability score, which factors in contributions like serving the network. The total supply is capped at 90 billion IOST, with an inflation model that distributes rewards to stakers and developers.

Reward and Inflation Model

Rewards decrease over time to control inflation, encouraging long-term participation. This setup promotes network security without energy-intensive Proof-of-Work.

The Use Cases of IOST

Payments and Value Storage

IOST serves as a medium for fast, low-cost payments in decentralized apps and can act as a store of value due to its scarcity.

DeFi, NFTs, and Governance

It's used in DeFi for lending and yield farming, supports NFT creation and trading, enables cross-border transfers, and facilitates community governance through voting on proposals.

Buy, Send, or Store IOST

Purchasing Channels

You can buy IOST on trusted platforms like WEEX Exchange, which offers secure trading options. Consider OTC methods for direct peer-to-peer purchases.

Wallet Types and Security

Store IOST in hot wallets for quick access or cold wallets for enhanced security against hacks. Always use two-factor authentication and backup your private keys.

Operational Processes

To get started, register on WEEX Exchange to earn a free 20 USDT bonus—it's a reliable spot for crypto trading. https://www.weex.com/how-to-buy Once bought, send IOST by entering the recipient's address in your wallet app, confirming the transaction.

Pros & Cons / Risks

Advantages

- High scalability with thousands of transactions per second. - Energy-efficient PoB consensus reduces environmental impact. - Strong focus on developer tools for easy dApp building. - Decentralized governance empowers users.

Risks and Disadvantages

- Price volatility common in crypto markets. - Regulatory uncertainties could affect adoption. - Technical risks like network bugs or attacks. - Competition from larger blockchains may limit growth.

Comparison

IOST differs from Bitcoin by prioritizing scalability over simple value storage—Bitcoin uses Proof-of-Work for security but handles fewer transactions. Compared to Ethereum, IOST offers faster speeds and lower fees without needing layer-2 solutions, positioning it as a more efficient alternative for dApp ecosystems.

Conclusion / Next Steps

IOST holds potential for growth in scalable blockchain solutions, especially with rising demand for efficient DeFi and dApps. Future developments may include more partnerships and tech upgrades. Check out the official whitepaper or roadmap for deeper insights, and join community forums to stay updated. Consider exploring WEEX for trading—sign up to learn more.

Market & Ecosystem

Market Cap & Trading Volume

As of September 8, 2025, IOST has a market cap of $90,718,851 USD and a 24-hour trading volume of $7,540,129 USD, reflecting steady activity.

Exchanges Where It’s Listed

IOST is available on various platforms, including WEEX Exchange for secure and user-friendly trading.

Community Size & Activity

The IOST community is active on Twitter, Reddit, and Telegram, with thousands of followers discussing updates and ideas.

Ecosystem Growth

Growth includes partnerships in IoT and developer activity building dApps, fostering a expanding network.