🔴The IOST project is a blockchain network aimed at providing efficient and scalable solutions for the 'Internet of Services' by supporting decentralized applications (DApps) and smart contracts at high speeds and low costs, using technologies such as 'database partitioning' and 'small state blocks' to increase efficiency and execution speed. The project is characterized by its focus on providing a robust platform for creating and operating large-scale applications, making it attractive to enterprises and developers.
⬅️Project Goals:
Improve Scalability:
Address the scalability issues faced by many current blockchain networks by increasing transaction speeds and reducing costs.
Increase Efficiency:
Make the blockchain lighter, faster, and less resource-intensive in terms of processing power and storage space, according to arabeum.net.
Support Decentralized Applications:
Enable the efficient operation of complex decentralized applications on the IOST network.
Technologies Used:
Database Partitioning:
A mechanism that allows for processing a large number of transactions per second by partitioning the network's database.
Small State Blocks:
Design smaller blocks to speed up execution and reduce storage and processing requirements.
Fault Tolerance Mechanism:
A mechanism that ensures the network's continuity and performance in the event of errors.
