Name of the project: Internet of Services
Ticker of Token: IOST
Chinese name of Token: N/A
Country of Incorporation: Singapore
Description of the project:
This project aims to offer a solid infrastructure for all kinds of online service providers. Its ultra-high TPS, privacy protection, scalable and secure blockchain provide infinitely many new possibilities for online service providers to serve their customer base.
Their innovative Efficient Distributed Sharding (EDS) technology largely improves the scalability of the network by dynamically partitioning the IOS network into subspaces via a secured, bias-free stochastic process.
They designed the Proof-of-Believability mechanism to eliminate the need for an energy-hungry proof-of-work protocol, which stands as a barrier to blockchain scaling up for much wider use. Believability of a node is calculated based on contribution and behaviors; Meanwhile, fairness is ensured with algorithmic randomness.
Official site: iost.io