Who Are the Founders of IOST?
IOST was launched in January 2018 by a team of tech entrepreneurs:
- Jimmy Zhong: Serial entrepreneur who sold his first startup for $40 million while still in college. Later co-founded IOST and other projects in Beijing.
- Terrence Wang: Former Uber software engineer with degrees in computer science from the University of Minnesota and Princeton.
- Justin Li: Ex-Goldman Sachs investment banking associate and Mobike data scientist. Holds degrees in applied mathematics and computer science.
- Ray Xiao & Sa Wang: Co-founders of AI company Dora, specializing in smart kiosks.
- Kevin Tan: Ethercap co-founder with a computer science degree from Tsinghua University.
What Makes IOST Unique?
IOST stands out through its scalable blockchain infrastructure designed to support enterprise-level online services. Key innovations include:
- Proof-of-Believability (PoB) Consensus: A proprietary algorithm ensuring secure and efficient transactions.
- High Throughput: Processes 100,000 TPS, outperforming Ethereum (20 TPS), TRON (2,000 TPS), and EOS (4,000 TPS).
Technical Architecture: Combines cutting-edge solutions like:
- Distributed Randomness Protocol
- Efficient Distributed Sharding (EDS)
- Micro State Blocks
👉 Discover how IOST compares to other smart contract platforms
IOST Tokenomics: Supply and Distribution
- Total Supply: 21 billion IOST tokens
- ICO Allocation (2018): 40% sold for ~$31.3M in ETH
Remaining Distribution:
- 35% held by IOST Foundation
- 12.5% for community development
- 10% team allocation
- 2.5% advisors/investors
Network Security Features
IOST prioritizes enterprise-grade security through:
- PoB Protocol: Validates transactions based on node reliability metrics
- EDS Technology: Enhances scalability without compromising decentralization
- Corporate Focus: Designed to handle workloads comparable to major tech giants
Where to Buy IOST Tokens?
IOST is available on top cryptocurrency exchanges. For secure trading, consider platforms with robust liquidity and security measures.
👉 Explore trusted platforms for IOST trading
Frequently Asked Questions (FAQs)
1. Is IOST better than Ethereum?
While Ethereum leads in developer adoption, IOST specializes in high-throughput applications requiring 100,000+ TPS—making it ideal for enterprise use cases.
2. How does Proof-of-Believability work?
PoB scores nodes based on their:
- Past contributions
- Token balance
- Behavior history
Higher-scored nodes get more validation rights.
3. What's the long-term vision for IOST?
The project aims to become the backbone for online services, focusing on partnerships with major tech companies needing scalable blockchain solutions.
4. Can I stake IOST tokens?
Yes. IOST supports staking through its PoB mechanism, allowing token holders to earn rewards by participating in network security.
5. What industries use IOST?
Gaming, DeFi, and enterprise SaaS platforms frequently leverage IOST for its high-speed transactions and low fees.
6. How does sharding improve IOST's performance?
EDS divides the network into smaller "shards" that process transactions in parallel, dramatically increasing throughput while maintaining security.