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
Simple 3-step guide to buying IOST today in India
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 UPI for INR payments. Services are provided by NeoFi 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 ongoing challenges and promotions
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India, also known as the Republic of India, is a country in South Asia. With a population of 1,375,586,000, India currently is the 7th largest country in the world, and home to 18 percent of the world’s population. The currency of India is the Indian rupee (INR).
Surrounded by sea on three sides, India is a large and sprawling country with many rich local dialects and customs, from the green fields of South India to the deserts of the Northern regions. India has 22 official languages, but the most well-known languages are Hindu and English. India is famous for its ancient history, majestic landscapes, and diverse culture.
India has transformed to become a rapidly rising major economy, a hub for information technology services, with a burgeoning middle class and young population. Indian spiritual beliefs, music, movie, and cuisine are becoming more prevalent in world culture. India's rich legacy is attested to by the abundance of historic landmarks in the country. In terms of the number of World Heritage Sites, India ranks in the top 10 nations in the world. Among the most revered structures are the magnificent Taj Mahal, Qutub Minar, the Sun Temple at Konark, and the Hawa Mahal in Jaipur.
Whether you are in metropolitan areas like Mumbai, Delhi, Bangalore, or elsewhere in India, Bitget is here to serve you with your cryptocurrency needs.
It only takes a few minutes to buy IOST IOST in India on Bitget using Indian Rupees (INR). We offer many options with low fees and high security such as Crypto Deposit, P2P Trading, and Third-Party Payment.