IOST: the blockchain one year later - The Cryptonomist

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The first anniversary of the newborn IOST blockchain, which was launched on February 25th, 2019, is being celebrated today.

As a consensus protocol, this blockchain uses Proof Of Believability, which has many similarities with Proof of Stake, given that in this case too it’s possible to stake tokens.

As mentioned in the official post commemorating this first year since its launch, the project has steadily grown and has reached over half a million people in over 20 countries around the world with over a hundred nodes among the elected and candidate ones.

In fact, in just one year, Iost has seen a multiplication of both smart contracts and dApps (Decentralized Applications) running on its blockchain, even outperforming other more renowned blockchain such as TRON (TRX), Ethereum (ETH) and even Bitcoin (BTC) with an average of over 1 million transactions per day, coming in fourth place beaten only by Stellar (XLM) and EOS.

The goals achieved, as well as the partnerships formed in the last year by IOST, have been numerous also and mostly in Asian countries: for instance, the team has closed several agreements with companies in the drone industry such as EHang, in an attempt to enter the IoT (Internet of Things) market. An expansion, therefore, not only in terms of faster transactions but also in terms of having a multifaceted platform that is suitable for multiple sectors and use cases.

Although the anniversary is today, the celebrations have been postponed to mid-March because of the Coronavirus, to which a token has been dedicated in the meantime.

After the current shutdown to avoid further contagion, several events and even gifts will be arranged for all those who have believed and are confident in the project, which is currently at position 77 of CoinMarketCap, with a price per single unit of $0.006 and a capitalization of over $74million.

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