PoB Consensus
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What Is IOST? An Analysis of the IOST Token’s Functions and Technical Features
IOST (Internet of Services Token) is the native cryptocurrency of the IOST network, designed to provide a secure, scalable, and decentralized platform for online services. Since its launch in 2018, IOST has achieved high-concurrency processing and fast transaction confirmations through its Proof of Believability (PoB) consensus mechanism and sharding technology. IOST tokens are used within the network to pay transaction fees, participate in governance, and support the ecosystem, including decentralized applications (dApps), DeFi, gaming, and social media. IOST 3.0 places greater emphasis on real-world assets (RWAs) and a multi-chain ecosystem, with a commitment to bridging traditional finance and Web3.
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What Is IOST? An Analysis of the IOST Token’s Functions and Technical Features
IOST (Internet of Services Token) is the native cryptocurrency of the IOST network, designed to provide a secure, scalable, and decentralized platform for online services. Since its launch in 2018, IOST has achieved high-concurrency processing and fast transaction confirmations through its Proof of Believability (PoB) consensus mechanism and sharding technology. IOST tokens are used within the network to pay transaction fees, participate in governance, and support the ecosystem, including decentralized applications (dApps), DeFi, gaming, and social media. IOST 3.0 places greater emphasis on real-world assets (RWAs) and a multi-chain ecosystem, with a commitment to bridging traditional finance and Web3.
PoB Consensus
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