The popularity of the Cryptocurrency is continuously rising ever since the inception of BitCoin in 2008. The aim of Bitcoin- like cryptocurrencies is to create a decentralized transaction ledger and defend against double-spend attacks from malicious nodes that are part of the network.
Key Statistics
Premise
4.5/5 – Excellent
Some techniques, like the Proof-of-Work and Proof-of-Stake, were being used. However, PoW is too slow to adapt to the daily scenarios, which costs most likely more than an hour to confirm a transaction, while PoS, whois aim is to solve this issues with the transaction speed, however, compromises the security by possible attacks.
To better address the scalability and consensus issue that was caused by traditional PoS and PoW, they are now launching the IOS or the Internet of Services blockchain network. IOS provides a decentralized ecosystem for online service providers and users with fast and safe transactions based on the blockchain technology.
IOS uses their innovative Efficient Distributed Sharding (EDS) and Proof-of-Believability(PoB) consensus mechanism, to better process millions of transactions of goods and services to optimize the speed of block generation and the validation process.
Team
4/5 – Excellent
The roster behind the project is extremely impressive. Thanks to the quartet of Terence Wang, Jimmy Zhong, Kelvin Tan and Ray Xiao, who thought and founded the IOS. These are highly decorated individuals who hoisted in their belts a considerable amount of industry-specific experience and with superior qualifications.
The group heads a team filled with PhDs and graduates from institutions such as Harvard, Princeton and the University of California, while some team members have experience of working with organizations such as Google, Deloitte and Morgan Stanley.
Token
5/5 – Perfect
The IOS Token (IOST), is the medium of exchange on the IOS network and a factor into a node’s believability score. You will receive IOST by validating transactions and contributing computing power for services such as smart contract execution. The currency rides on Ethereum, but it won’t settle on the blockchain for long, it is possible to imagine that the currency, based on ERC20, will have its native token.
IOSToken stands out from its peers regarding operability. With investors reviewing the fundamentals of currencies before making investments, IOST’s advantageous attributes like advanced security features and scalability can drive investors to this blockchain.
Risk
3/5 – High Risk
Despite the many advantages linked to IOSTokens, it also has some challenges. As a new project, IOSToken may go live around 2019. It made low record liquidity outside the Chinese exchanges. It may change though once the token goes live.
Currently, there is no clear map for the project yet, which can get a bit worrisome. However, with the benefits or advantages associated with the project outweighing the challenges, many investors are still attracted and shows interest to the project from entities like Nirvana Capital, DFund, and Equoia.
Summary
4.5/5 – Excellent
The idea behind the IOSToken looks very promising. It is aiming towards enhancing the internet of services which marks the future of a sizeable digital market. The IOST will benefit from the increasing popularity of Internet of Things or IoT, and the value of its coin will increase. Though the price of IOST may decrease soon after the recent hike, it will still gain momentum and will go up again.
With the use of their PoB mechanism, there is no need to mine, and the consumption of electricity will reduce significantly. It is what cryptocurrency lovers are waiting. Hence, IOSToken is attracting greater interest from all corners of the world. Don’t forget the dedicated and great team behind the project, too!
With IOSToken introducing us to a new algorithm, I think, this is something that we can look forward to once it goes live.
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Global From Asia ICO Briefing does extremely early-stage research of token offerings. As the project progresses, details may change significantly or completely. Always do your own research and do not invest more than you can afford to lose.
The information contained in this article is for education purpose only and not financial advice. Do your own research before making any investment decisions.
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IOSToken looks very promising
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