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Pedro O. Alvino M. photo
Venezuela
5 Level
886 Review
1576.5 Karma

Review on IOST by Pedro O. Alvino M.

Revainrating 4 out of 5

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

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