Review on IOST by Pedro O. Alvino M.
Online service provider platform
Launched in January 2018, IOST was created with the goal of overcoming a couple of key problems associated with many blockchain projects: low transaction performance and specialized focus on a limited range of specific applications.
IOST is a blockchain platform designed to provide the necessary network infrastructure to support a service-oriented ecosystem. As described in the iOS manual. The IOS platform not only provides its users with a completely decentralized way of exchanging digital goods and services online, but also allows developers to implement large-scale dapps with the ability to support a massive number of users, however the project counts with several competitors in the market and IOST will need to improve to provide a better service for its users.
Pros
- Scalable platform designed for online service providers
- It allows to pay goods and services
- The token of the platform is available in several Exchanges of excellent liquidity
- It allows the development of dapps on the platform
- Designed with the next generation consensus algorithm Credibility test (PoB).
- IOS can be obtained according to the contributions you make on the platform
- It allows validating payments to execute smart contracts, process messages and transactions, as well as use resources shared by the ecosystem.
Cons
- Further adoption is required so that the operation of the platform does not decline in the market
- Broad competitors in the market
