Decentralized network for decentralized economy services
IOST is developing an ultra-fast, decentralized blockchain network for the future of decentralized blockchain services. The platform is developed using the next-generation consensus algorithm Proof of Believability(PoB).
The team said that IOST team members consisted of a group of proven founders and backed by world-class investors. According to their Crunchbase company page, the company’s mission is to provide the underlying architecture for decentralized online services that are secure and scalable for the decentralized economy.
IOST headquarter is located in Singapore. The project was launched in 2017 with its own IOST token. The token itself is traded on various exchanges such as Binance, Huobi, and so on.