Review on IOST by francis fernandez
IOS: a business tool based on a functional blockchain for the exchange of financial services
IOS (Internet of Services) is a blockchain-based technology platform that allows its users to perform transactions at breakneck speed and reliability.
The platform's cryptocurrency is known as IOSToken which has a maximum supply of 21 billion IOSTokens. This digital asset first appeared on the crypto markets in January 2018 through a privately conducted IOS token sale.
OSToken is an ERC-20 asset that has been operating on the Ethereum blockchain since its inception with the promise of going to its native chain with a 1: 1 exchange rate relative to ERC-20.
Where can you get the digital asset?
OSToken can be purchased from popular exchanges such as Kucoin, Binance, and Huobi.
What are the benefits of IOS and its native currency?
The IOS mission is basically business; since it seeks to provide a technological tool to large organizations by allowing large volumes of transactions to be carried out in a short time and safely, to create a network of digital services that optimize the administrative functions of companies and other entities.
What is your technology?
The IOS platform operates under an infrastructure that creates subspaces through the freedom of prejudice mechanism. This translates into greater scalability of the network and therefore faster transaction execution and greater volume of operations per second.
Consensus used:
IOS uses the consensus algorithm on credibility testing, which consists of analyzing the history of the behavior and performance of a network server (node).
IOS also includes the operation of the Atomix protocol that facilitates rapid validation and consistency of cross operations.
And of course its technology includes smart contracts and decentralized application development
Pros
- It allows to carry out a large volume of operations in a short time and reliably over a secure network.
- It combines a multifunctional technology that provides security, privacy and speed to your network.
- Provides wide compatibility with wallets and exchange houses thanks to its compatibility with the ERC-20 token.
Cons
- There are no disadvantages in its use.
