Who Founded IOST?
The project was launched in January 2018 by a team including Jimmy Zhong, Terrence Wang, Justin Li, Ray Xiao, Sa Wang, and Kevin Tan.
- Jimmy Zhong: Serial entrepreneur with exits worth $40M; co-founded IOST in Beijing after tech ventures in the U.S. and China.
- Terrence Wang: Ex-Uber software engineer with degrees in Computer Science from the University of Minnesota and Princeton.
- Justin Li: Former Goldman Sachs investment banker and Mobike data scientist; holds degrees in applied math and computer science.
- Kevin Tan: Co-founder of Ethercap; Tsinghua University Computer Science graduate.
- Ray Xiao: AI specialist and co-founder of Dora, focused on smart kiosks.
What Makes IOST Unique?
IOST’s open-source blockchain infrastructure prioritizes security, scalability, and enterprise adoption. Key innovations:
- Proof-of-Believability (PoB) Consensus: Balances decentralization with high throughput (100,000 TPS vs. Ethereum’s 20).
- Efficient Distributed Sharding (EDS): Enhances scalability via microstate blocks and TransEpoch protocols.
- Enterprise Focus: Aims to support tech giants like Amazon or Google with blockchain solutions.
👉 Discover how IOST outperforms Ethereum and EOS
IOST Tokenomics
- Total Supply: 21 billion IOST.
- ICO (2018): 40% sold, raising $31.3M in ETH.
Allocations:
- 35% to IOST Foundation
- 12.5% for community growth
- 10% to team
- 2.5% for advisors
Security Mechanisms
- PoB + EDS: Combats centralization risks while ensuring fast, secure transactions.
- Enterprise-Grade: Designed for high-volume use cases (e.g., global payment systems).
Where to Buy IOST?
Available on major exchanges like Binance, OKX, and Coinbase Pro.
👉 Trade IOST with low fees on OKX
FAQs
1. How does IOST achieve 100,000 TPS?
Through sharding, microstate blocks, and PoB consensus, minimizing latency without sacrificing security.
2. Is IOST better than Ethereum?
For enterprise scalability, yes. Ethereum leads in developer activity, but IOST excels in throughput.
3. What’s IOST’s real-world use case?
Targeting IoT services, decentralized apps (dApps), and large-scale enterprise solutions.
4. Can I stake IOST?
Yes! Earn rewards via PoB validation nodes.