marshall8s8a8.verse
10/09 08:51
what is İOST?
IOST (Internet of services) is a Blockchain project developed with the aim of solving existing scaling, low transaction speed and high transaction fee problems. The project identified its customer base as all online service providers and users.
The IOST team believes that it can solve the problems of Blockchain with its two innovative concepts; Proof of Believability (PoB) and Efficient Disturbution Sharding (EDS). Let's take a look at these two and other features that make the IOST Blockchain special according to the IOST whitepaper.
How Does IOST Work?
Thanks to the EDS feature, the IOST network can be divided into dynamic and large shards. Thus, transactions on the network are distributed in an unbiased manner. Instead of the high-energy PoW protocol, the PoB protocol is used. This system consists of two layers; normal and believability layer. Each user has their credibility (blievability) values based on their previous transactions. According to these values, the PoB distinguishes thousands of transactions and approves user transactions with high credibility faster. In a sense, as the user uses the system, the system can become faster for him.
IOST Atomix
The feature that IOST calls "Atomix" makes consistency between shards mandatory. Thus, it aims to eliminate double spending attacks and inconsistencies that may occur between shards. IOST Blockchain shares each node within its own network with microstate blocks. Only the previous blocks are stored and the information is split into multiple shards, thus increasing security.
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