What is IOST (IOST)?
IOST is a blockchain platform that was created to address the scalability issues that plague many existing blockchain networks. It stands for the Internet of Services Token and was launched in 2018. IOST has its own nodes, wallets, and consensus protocol, making it a comprehensive ecosystem. Its goal is to be the leading infrastructure for industrial-scale transactions by giants like Amazon, Facebook, and Google.
IOST is known for its ultra-fast transaction speeds, capable of handling up to 100,000 transactions per second (TPS), which outpaces competitors like Ethereum and EOS. This is achieved through the integration of unique technologies such as the Proof of Believability (PoB) consensus mechanism and Efficient Distributed Sharding (EDS). The platform also fosters growth and innovation, with a $50 million incubator and accelerator called Bluehill designed to nurture critical infrastructure and projects.
How IOST (IOST) Works
IOST's revolutionary Proof-of-Believability (PoB) consensus mechanism is at the heart of its functionality. This innovative protocol divides blockchain validators into two groups: the "believable" league and the "normal" league. This division facilitates a more decentralized and efficient block production process. The PoB consensus algorithm is designed to ensure high transaction speeds while maintaining compliance among nodes. It operates by assigning believability scores to participants, with block production being performed by a rotating committee of 17 nodes, changing every 10 minutes to enhance throughput.
IOST also employs Efficient Distributed Sharding (EDS), a method that segments the blockchain into multiple sub-chains while retaining the main chain's throughput capabilities. This sharding technique, combined with protocols like Atomix and Micro State Block (MSB), ensures cross-shard transaction authenticity and minimizes storage fees on the blockchain. Consequently, more participants are invited to join the consensus.
IOST also offers smart contract capabilities, allowing developers to create decentralized applications (DApps) using languages like Solidity and JavaScript. The platform offers a range of Blockchain-as-a-Service (BaaS) technologies, including authorization management, multi-cloud support, and cross-chain compatibility, fostering a conducive environment for innovation and privacy.
How Many IOST (IOST) Tokens Are in Circulation?
IOST's total supply and circulating supply both amount to 18,708,894,189.
How to Buy IOST (IOST)
Consider investing in IOST (IOST)? It only takes 2 minutes to create an account on Bitget and start trading IOST.
Check out the available IOST trading pairs on Bitget!
IOST (IOST) Resources
Buy IOST in Burkina Faso with Bitget
Simple 3-step guide to buying IOST today in Burkina Faso
Create your free Bitget account
Select a funding method
Complete your IOST purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for IOST using a payment method of your choice:
Buy IOST with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your IOST order.
How to buy crypto with credit/debit cardBuy IOST with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into IOST is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your IOST order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your IOST order.Buy IOST with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your IOST order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor IOST in your Bitget spot wallet
Bitget—where the world trades IOST
How to buy IOST for free
- Learn how to earn IOST for free through the Learn2Earn promotion
- Earn free IOST by inviting friends to join Bitget's Assist2Earn promotion
- Receive free IOST airdrops by joining On-going challenges and promotions
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Buy IOST in a different country
Burkina Faso is a landlocked country in West Africa that is surrounded by Mali, Niger, Benin, Togo, Ghana, and the Ivory Coast. The country takes up 274,200 km2 in total area and has a population of 22 million. French is the official language and West African CFA franc (XOF) is accepted as the currency of the country. The biggest city and the capital is Ouagadougou, which is the home to about 2.4 million people.
The landscape of Burkina Faso primarily consists of peneplain and sandstone massif. This is a great precondition for elephants, lions, leopards, and buffaloes to live. The W National Park, the Arly Wildlife Reserve, the Mare aux Hippopotames, and the Léraba-Comoé Classified Forest and Partial Reserve of Wildlife are four national parks of Burkina Faso where you can watch the glorious wildlife. Besides, Ouagadougou Cathedral, Grande Mosquée de Bobo-Dioulasso, and Cascades de Karfiguela are some sites worth visiting too.
When in Burkina Faso, you can trade IOST(IOST) and other cryptocurrencies with the Bitget exchange. It offers a wide variety of secure payment methods to make trading more convenient, such as P2P trading, crypto deposits, Apple Pay, Google Pay, and different credit card services.