Review on IOST by Fabrizio Zampieri
IOS Token claims to be a secured and scalable blockchain that actually works…
IOS Token claims to be a secured and scalable blockchain that actually works. They use their innovative Efficient Distributed Sharding Technology, which essentially partitions the network into sub spaces. It does this by randomly assigning different nodes to work together. It does this in order to make the system faster and more efficient.
Pros
- What really makes IOS Token stand out among other cryptocurrencies is their brand new Consensus Mechanism. Instead of proof of stake, they are using proof of believability which just takes the former slightly further than before. The team behind this new cryptocurrency feature some of the best in the business. Between them, they have worked on an impressive number of projects and have heaps of experience behind them. Their aim for 2018 is to launch the MVP Private test, the implementing and testing EDS before finally releasing the IOS smart contract document draft later on this year. They already have a whole host of high profile investors under their belts, including Matrix and Sequoia.
Cons
- Potential good project, but as yet, there is no working prototype, which has led to some negative speculation as to whether this project can truly work.
