#IOST Strong Surge 🚀🚀🚀
1. $IOST is composed of Internet-of-Service (IOS) and tokens (T), based on the Proof of Believability (PoB) consensus algorithm, it is a super-fast decentralized blockchain network focusing on high scalability and throughput for smart contract processing, to meet the decentralized economy's needs for security and scalability.
2. Its core consensus algorithm "Proof of Believability" ensures node compliance and network security through staking IOST tokens, a reputation-based reward mechanism, and network contribution incentives, combined with a faster Byzantine fault tolerance mechanism, micro-state blocks, atomic commit protocols, and dynamic sharding protocols to achieve high-speed transaction processing while reducing the storage, configuration, and computing costs for validation nodes.
3.#IOST advocates for open participation, allowing anyone to engage in blockchain services, run nodes, or validate transactions without preconditions; the rules and code are fully public. The project is committed to building a trustless, censorship-resistant spontaneous network, leveraging blockchain technology to eliminate intermediaries, maximizing the network value for all parties, and re-establishing a decentralized and secure information storage model.
Evening official news: IOST completes $2100 strategic round financing. This caused a short-term surge of 25%, dominating the increase ranking.
A suggestion from A Yi: consider buying on the dip, currently not advised to chase the rise, U.S. stocks opened high, let the bullets fly for a while.
