IOSToken (IOST) Launches Mainnet With DApps Ready To Go Live by March 10th, 2019

IOSToken (IOST) Launches Mainnet With DApps Ready To Go Live by March 10th, 2019 1

The team at IOST (IOST) has announced the release of the project’s highly anticipated Mainnet. The platform already has multiple decentralized applications (DApps) ready for launch by the 10th of March this year. The DApps were built ahead of time thus making the Mainnet the first to have applications ready for users to explore. The network plans on being the choice platform for games, wallets, decentralized exchanges, stablecoins and other applications.

The DApps have been built by hundreds of enthusiasts from a global partner network of more than 150 organizations. IOST partners include prominent companies such as Huobi, DDEX, iBank Digital Asset, CoinGekko, Nirvana Capital and more.

Jimmy Zhong, Chief Executive Officer of IOST, had this to say about the launch. 

The real value of a network is dependent on the applications that come with it, not just the technology behind it. Ultimately, mainstream users do not choose operating systems – they choose the applications which bring the most efficiency and enjoyment into their daily lives.

Launching our mainnet alongside a number of DApps that are ready to engage with is a meaningful step for the IOST ecosystem, and our hope is that it will play a positive role in the widespread acceptance and adoption of blockchain technology.

Livestream Launch Today

To accompany the launch of the Mainnet, there will be a livestream scheduled for midnight, 26th of February (UTC + 8). Interested crypto enthusiasts can watch the event live through the IOST Twitter page. The following tweet also provides additional information about the event.

Proof-of-Believability Consensus Mechanism (PoB)

IOST uses a Consensus Mechanism based on Proof-of-Believability (PoB). Its consensus protocol constantly rotates nodes and block production. The block production committee has 17 seats which are changed every 10 minutes. In PoB, each node has what is known as a ‘believability score’ based on the following:

  • amount of IOST in the node
  • number of earned Servi tokens
  • number of positive reviews of the node
  • previous actions/transactions of the node

PoB ensures scalability where hundreds and even thousands of nodes can participate in transaction processing and validating transactions in the network each day.

What are your thoughts on the IOSToken launching its Mainnet with DApps ready to launch by early next month? What are your expectations of the project? Please let us know in the comment section below. 

Disclaimer: This article is not meant to give financial advice. Any opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

What Are E-stablecoins And How Do They Operate?
What Are E-Stablecoins And How Do They Operate?
August 11, 2022
How to Choose a Legit Crypto Casino?
August 5, 2022
Spend Crypto
5 Ways to Spend Crypto
August 2, 2022
What Is A DAO LLC?
What Is A DAO LLC?
August 2, 2022
Can Running A Lightning Node Earn You Passive Income?
Can Running A Lightning Node Earn You Passive Income?
July 5, 2022


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin21,460 0.51 % 7.83 % 10.39 %
Ethereum1,709.7 0.67 % 8.25 % 9.13 %
Tether1.000 0.03 % 0.00 % 0.03 %
USD Coin1.000 0.44 % 0.25 % 0.18 %
BNB285.11 0.82 % 5.77 % 11.91 %
Binance USD1.001 0.02 % 0.25 % 0.05 %
XRP0.3399 0.51 % 9.56 % 10.80 %
Cardano0.4691 1.03 % 11.09 % 11.76 %
Solana42.12 0.56 % 2.22 % 3.81 %
Dogecoin0.07018 1.45 % 10.00 % 1.14 %

bitcoin
Bitcoin (BTC) $ 21,526.00
ethereum
Ethereum (ETH) $ 1,719.19
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 286.06
binance-usd
Binance USD (BUSD) $ 1.00
xrp
XRP (XRP) $ 0.341561
cardano
Cardano (ADA) $ 0.471156
solana
Solana (SOL) $ 37.45
dogecoin
Dogecoin (DOGE) $ 0.070599