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 Indonesia with Bitget
Simple 3-step guide to buying IOST today in Indonesia
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
Buy IOST via bank transfer: We accept QRIS, DANA, and OVO payment for IDR payments. Services are provided by AlchemyPay payment gateway. Click Buy Crypto > [Third Party] in the top navigation bar 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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Indonesia is a country in Southeast Asia, consisting of over 17,000 islands with a population of 275,773,800. Indonesia is bordered by Malaysia, Singapore, Vietnam, Thailand, the Philippines, Australia, Palau, and India. Jakarta is the capital and largest city.
The currency of Indonesia is the Indonesian rupiah (IDR). It does only take a few minutes to buy IOST(IOST) or other cryptocurrencies on Bitget by IDR, including Crypto Deposit, P2P Trading, and Third-Party Payments (using your own credit card, Apple Pay or Google Pay.)
Indonesia consists of thousands of distinct native ethnic and hundreds of linguistic groups, with Javanese being the largest. Indonesia has 37 provinces, of which eight have special status, consisting of more than 17,000 islands. Wherever you are in Indonesia, there is no better place to trade cryptocurrencies or crypto futures than right here with Bitget, which has already acquired the U.S. MSB License, Canada MSB License, and Australia (DCE) License.
Indonesia is the ex-colony of the Netherlands. Bali, Borobudur, Orangutans of Borneo, Gili Islands, and Komodo National Park are the most famous attractions in Indonesia. Whether you’re in Jakarta, Bandung, Surabaya, and Medan…Bitget is ready to serve any kind of need in cryptocurrency, no matter P2P, spot, or futures trading.