IOST calls itself a "ultra-fast," fully functional, decentralised blockchain network and ecosystem with its own nodes, wallets, and "next-generation" consensus protocol called "proof-of-believability."
IOST calls itself a "ultra-fast," fully functional, decentralised blockchain network and ecosystem with its own nodes, wallets, and "next-generation" consensus protocol called "proof-of-believability."
Jimmy Zhong, Terrence Wang, Justin Li, Ray Xiao, Sa Wang, and Kevin Tan started the project in January 2018.
IOST's blockchain infrastructure is open source and was made to be secure and scalable so that it can be the backbone of online services in the future.
The team has made a "proof-of-believability" consensus algorithm to make sure that transactions on the network are safe and fast.
