IOST Research Hub | IOST information, history and analysis
IOST is a blockchain platform specifically designed for services traded or bought over the Internet (IOS), such as online services or digital products. IOST coin will provide a new decentralized ecosystem for online service providers and users, enabling them to transact quickly with high security based on blockchain technology.
By using Efficient Distributed Sharding (a decentralized system) and Proof of Believability (a consensus mechanism), IOSToken can process millions of product and service transactions in a short time. Not only that, but this mechanism also optimizes the block generation speed and the transaction confirmation process.
Upbit has issued a warning regarding IOST as it prepares for a layer-2 transition. The initiative will introduce approximately 21 billion new tokens, fundamentally altering the token’s structure and possibly affecting market stability. This comes after guidance from the Digital Asset eXchange Alliance (DAXA) to protect investors.
The development team of IOST plans to bridge its current layer-1 network with a new layer-2 blockchain to enhance operational efficiency and reduce transaction costs. Upbit emphasizes vigilance among traders following updates from IOST’s team about the upcoming structural changes.
IOST joins Hong Kong Cyberport Incubation Program, plans to launch BaaS solution
IOST has announced its official entry into the Hong Kong Cyberport Incubation Program and plans to launch the ‘IOST BaaS (Blockchain as a Service) Solution’ later this year.
Cyberport is a flagship digital technology hub and startup incubator in the emerging Web 3.0 market of Hong Kong
IOST Network announced integrating with AWS’ Web3 systems
IOST, which stands for Internet of Services Token, will integrate with AWS’ Web3 systems.
The network will use AWS’ AI tools and decentralized internet architecture to enhance its decentralized finance (DeFi), non-fungible token (NFT), GameFi and Web3.
IOST partners with Label Foundation to drive music NFT industry
IOST has announced its strategic partnership with Label Foundation, one of the earliest pioneers committed to creating a sustainable ecosystem for music IP nonfungible tokens (NFTs) of top musicians, protected by a distributed ledger.
By expanding the ecosystem into IOST, Label Foundation could benefit from the fast, secure and reasonable gas fees of the IOST network.
The IOST Foundation woos EVM developers with a $100M incentive fund
The IOST foundation, together with top venture capital institutions and ecosystem partners, has announced a $100-million exclusive incentive fund for Ethereum Virtual Machine (EVM) developers.
The newly announced $100-million fund consists of: the New Ecosystem fund used to expand IOST’s on-chain applications, mainnet infrastructure and tools; and the Accelerator fund providing capital, fundamental analysis and incentive bonuses to development teams and projects through IOST.