IOST (IOST): A coin which comes up with the idea of having ultra-high transactions per second (TPS). IOST has been one of those few coins which have performed consistently in the market for a period of time now. But the recent bear market has affected its price, not too much but a little bit as compared to other altcoins. Maybe, IOST is still in developing phases, but so far it has been doing good in the market as compared to the current situation.
Today the market is on the positive side as Bitcoin (BTC) is rising up at a rate of 13%, so far. So, due to Bitcoin’s rise other altcoins are also having a good time around. IOST is also having a good time as it is trying to reach up to the $0.75 mark. It is slowly gaining the momentum and will likely be hitting the $0.1 mark soon if IOST keeps on performing like this.
IOST is working on the scalability, efficiency, and security of the coin. It uses strong consensus algorithm ‘Proof-of-Believability’ (PoB), it is a new type of algorithm which allows next-generation transaction output speeds. This PoB also makes it sure that the nodes stay compliant. IOST uses Atomic Commit protocol and a dynamic sharding protocol which makes the transactions safe, steady and lightning quick. These protocols also lessen storage, configuration costs, and processing power for validators.
IOST has a way to go as it has plans for Q1 and Q2 of 2019. IOST in Q1 of 2019 will be releasing IOST network client and wallet, will officially be launching its MainNet (V1.0 Himalaya). In the very next quarter (Q2) IOST will be launching proprietary dApps and commercial applications on the network. Next in the plan is the MainNet upgrade to native sidechain support (V2.0 Himalaya). So, IOST has a lot of work to do in the coming year and that will be the main time when we see IOST really take the flight.
The recent listing of IOST on Bittrex International exchange has really given a boost to the digital asset. This will be a beginning of the coin to get itself listed on the renowned exchanges of the world which will lead to an increase in trading. Bittrex Intl. tweeted regarding the listing;
“New Listing Update: Bittrex International will launch IOST (IOST) and trading will begin shortly on international.bittrex.com.”
Currently, IOST (IOST) was trading around a price of $0.0052 USD having a market cap of $63 million. In the last 24 hours, IOST has gained up to 16% courtesy the Bitcoin which looks to be in good mood today. The coming year will be very interesting for IOST as we will really see what the digital asset has to offer to the world.