IOST is based on the next-generation consensus algorithm “Proof of Believability” (POB) backed by world-class investors. The founders have a clearly set mission of facilitating online services, which meet the security and scalability requirements of a decentralized economy by providing the required infrastructure for the same.
The standard implements for the now blockchain industry like scalable, efficient, secure, permissionless, neutral, decentralized and immutable are applicable for IOST.
In August 2020, IOST launched a $6 million DeFi Incentive Fund 2.0. The investment was literally an all-in move with the total valuation being up to $7 million of Noah’s Oracle Fund that was exclusively focused on DeFi.
The multi-million dollar DeFi Specific Fund served developers who were looking for funds in several categories like Liquidity Pool DEX, Lending Protocols, Stablecoins, Financial Derivatives, DeFi Pools, Oracles, and Decentralized Autonomous Organization (DAO).
Those developers and teams who were chosen for the IOST DeFi Support receive the complete, unconditional support from IOST. All development costs and excess tokens were covered by the funds. Costs include marketing campaigns in both online and offline mediums in more than 20 countries and high-quality media promotion.
Technical experts are facilitating high quality one-to-one development support. For the best projects, IOST are also providing recommendations for listings.
IOST is all set to spearhead the DeFi Wave facilitating changes with a social impact leading to an inclusive and open financial ecosystem.
For clarity on CCID, it is The Center for Information and Industry Development (CCID), an agency under China’s Ministry of Industry and Information Technology, and a part of the Secretariat of China Blockchain Ecosystem Alliance.
IOST tweeted: “IOST Leads under “Basic Technology” & ranks third only behind EOS and Ethereum in the Latest ranking by CCID- an agency under China’s Ministry of Industry and Information Technology.”
Overall, IOST ranks 3rd but in terms of basic technology it ranks first. The assessment is based on applicability, creativity, and basic technology.
When CCID checked IOST for the support they provide to dApps, they were able to see that the category of focus is on node deployment, wallet application, development support, and application implementation. IOST has been determined to be a project good enough for its high throughput, enterprise-grade platform.
The IOST staking economy facilitates better security to safeguard the digital assets and privacy of users. There is also greater fairness among nodes with different staking economy adoption scenarios enabling superior usability for users.
Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9
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