Most blockchain platforms will face issues related to transaction speed and security. If they host any mainstream application on which hundreds of millions of transactional took place. That’s where the Internet of Service Token blockchain comes into the spotlight. IOST blockchain is capable of handling real usage and real volume. This platform is planning to solve the existing problems of blockchain-like scalability, transaction speed, and security. That may help in the integration and mass adaptation of the blockchain network. Now it’s time to review this project and find out its future based on IOStoken (IOST) Price Prediction.
What is IOSToken?
IOST is a blockchain platform that is planning to provide the best infrastructure to new online service providers through its own nodes, consensus protocol, and wallets. The team working on this project is mainly focusing on providing higher transactions per second. It is aiming to create a blockchain platform that will be highly scalable, private, and secure.
The platform is trying to build trust among its users that the Internet of Service blockchain can also be scalable secure and works perfectly. The officials of the IOST blockchain platform are claiming that it can handle 100,000 transactions per second. And if they successfully provide that kind of performance then surely it will be having an advantage over big blockchain platforms like Bitcoin, Ethereum, and Solana.
To achieve a faster transaction rate this platform is using the combination of technologies like Proof of Believability and Efficient Distributed Sharding. Especially the Distributed Sharding technology divides the network into subspaces and assigns different nodes randomly to work together. Many of the times we have heard PoS or PoW but this platform uses PoB consensus that is specially used to provide safety to the ecosystem and faster transaction rate.
|Total Supply||90,000,000,000 IOST|
IOSToken (IOST) Price Prediction:
This project was introduced to the market when the blockchain technology and cryptocurrency phrase was new to everyone. Even though this project was new to the market still it manages to surge by almost 90% after its ICO sale. But from the third quarter of 2018, this project started showing negative trends so most of the experts were started considering this project is dead.
By surprising everyone, IOST bounced back very strongly and surged by more than 850% at the start of 2021. The reason behind this huge growth was IOST project started capitalizing on the NFT market. The ethereum network was having network congestion and gas fees were also high so traders were looking for an alternative. And IOST at the same time IOST established itself as an alternative to Ethereum. After the introduction of NFT to IOST, the community started getting more involved in this project.
As per the recent trends and experts analysis of the IOStoken (IOST) Price Prediction this token has the potential to cross the $0.07 mark by the end of 2021. And looking at long-term prediction this coin will reach $0.2 in the next five years.
IOST ICO Sale Details
|ICO Date||January 2018|
|ICO token Price||$0.01|
|Funds raised||$ 31,255,000|
The lightning-fast transaction processing is one of the key features that separates the IOST platform from the rest of its competitors like Ethereum, Solana, and EOS. Over the years this project has created an ample amount of buzz in the crypto market. The partnership signed by the IOST project has helped them a lot to achieve mass adaptation. The team behind this project is highly proactive and continuously working on the expansion of this project.