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Is IOST currency worth investing in What is the potential for I
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Date:2024-04-17 17:50:14 Channel:Wallet Read:
In the digital currency market, the IOST currency has attracted much attention, and investors are exploring its appreciation potential. In 2020, as the cryptocurrency market fluctuated, IOST's performance attracted much attention. This article will provide in-depth analysis from multiple perspectives such as technology, market, and competition, and explain to you the possibility of IOST currency being worth investing in.**Technical Advantages of IOST Currency**The four most famous international exchanges:
Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL
Note: The above exchange logo is the official website registration link, and the text is the APP download link.
IOST (Internet of Services Token) is a blockchain-based service platform designed to provide efficient, scalable and secure solutions. The "Proof of Believability" consensus mechanism it adopts improves transaction speed while ensuring the security of the network. This technical advantage makes IOST highly competitive in the underlying technology.Traditional blockchain networks represented by Bitcoin have been criticized for their slow transaction speed and high fees. IOST has solved this problem through technological innovation. For example, IOST's "sharding technology" can divide the network into multiple fragments, and each fragment runs independently, thereby increasing the overall processing speed. This technical advantage not only improves the performance of IOST, but also lays a solid foundation for its future development.**Market Prospects and Potential Risks**When evaluating the investment value of IOST currency, in addition to technical aspects, market prospects are also a key factor. In recent years, with the popularity of blockchain technology, more and more projects have begun to emerge, and competition has become increasingly fierce. As one of them, IOST faces competitive pressure from other projects.However, IOST has performed well in terms of marketing and cooperation. Cooperating with major exchanges to launch a variety of application scenarios, it has expanded its influence in the digital currency field. In addition, the IOST team is constantly improving the ecosystem to attract more developers and users to join. These positive measures have laid a good foundation for IOST’s future development.However, the digital currency market is a high-risk investment field with large price fluctuations, so investors need to be cautious. Although the appreciation potential of IOST exists, it also comes with certain risks. Investors should make wise decisions based on their own risk tolerance and investment philosophy.**IOST’s competitors and differentiation strategies**In the digital currency market, competition is fierce, and IOST has many competitors. For example, smart contract platforms represented by Ethereum, as well as projects such as EOS, are competing with IOST for market share. In order to stand out in the fierce competition, IOST needs to develop a differentiated development strategy.The IOST team has achieved certain results in technological innovation, market promotion and ecological construction. For example, IOST’s layout in the DeFi field and the applications launched in cooperation with various industries have shown its unique side. This differentiated strategy helps IOST establish a brand image in the market and attract the attention of more users and investors.**Conclusion**Overall, the IOST currency has had a positive performance in 2020 in terms of technology, market, and competition. Its technological advantages, market prospects and differentiation strategies have laid a good foundation for its future development. However, investment requires caution as risks and returns coexist. When making decisions, investors should comprehensively consider all factors, act within their capabilities, and make rational choices.Is IOST coin worth investing in? What is the appreciation potential of IOST currency in 2020? Internet of
Services is an innovative and secure blockchain technology dedicated to providing a highly scalable and high-throughput ecological environment for online virtual services and digital goods exchange. In addition, the Internet of
The Services ecosystem also allows developers to easily deploy large-scale decentralized applications on the blockchain to provide services to a large number of users.
The Internet of Services network adopts EDS (Efficient Distributed Sharding) technology and Proof-of-Believable consensus.
A series of original technologies, including approach (Confidence Proof Consensus Mechanism), greatly improve the system throughput while ensuring the safety and reliability of the system.
Comments from Bitcoin 99 Degrees:
The project on Mr. Xu Xiaoping’s platform also has a strong lineup of investors, including Sequoia Capital, ZhenFund, and Node Capital, and a strong development team. The goal is to build a high-throughput, highly scalable public chain. Everything seems to be going well. It's pretty reliable, but the promised mainnet launch is now far away. The promised investor, Gaorong Capital, later issued a statement denying investment, and then Xu Xiaoping also didn't acknowledge the platform. There are also pyramid schemes to recruit people and then default. This approach makes me not have a good impression of this project. As long as a team keeps their promise once, I can't believe it. The current situation is that they keep their promise N times and fail to do what they say because of the strong investors. , this kind of project may eventually become a currency controlled by Lao Zhuang, and it will never die, but if you cut leeks back and forth, you don’t have extravagant expectations about its growth and practicality. Anyway, I won’t invest in this kind of thing, and I won’t. I don’t recommend others to invest in this kind of investment. If you want to speculate, there are so many decentralized old currencies that can be speculated. Why speculate in such a currency that the team has in hand at any time? Give it 3 points.
Comment from Bitcoin holder:
The goal of IOST is to become a second-generation basic chain that is both secure and highly scalable. Officials claim to use sharding technology to solve the expansion problem of ETH and also improve transaction data throughput. I believe everyone is familiar with viral marketing statements like "Li Xiaolai participated in the A-level evaluation project IOST, fill in the ETH address and you can get 68IOST". IOST's Telegram group has more than 50,000 members in a short period of time. IOST's viral marketing can be said to be Very successful. After IOST's rapid rise in popularity, how has the currency price performed? After being listed on the exchange, the currency price rose to a maximum of 0.139$ and is now 0.0099$. It can be said to be a "hundred times" air currency.
The two projects IOST and DATA are very similar. Not only are the investors behind the two projects the same, but their viral marketing, white paper, and official website design are also very similar. The biggest commonality should be that both are air coins.
It is undeniable that IOST’s progress is pretty good. In 2018, IOST's Bermi (known as overseas Douyin) was launched; in 2019, IOST reached a cooperation with China's largest antique dealer; IOST's on-chain DAPP (mainly games) are also constantly advancing.
Generally speaking, IOST is still an empty currency and investment is not recommended. Personal rating is 2 points.
Comment from Su Banyue:
IOST is a new generation of high-performance public blockchain with a total amount of 21 billion, and about 12 billion are currently circulating in the market.
IOST adopts the POB consensus mechanism to ensure the synchronization of node information by staking IOST, network contributions, user behaviors, etc.
In Q1 2018, IOST’s MVP-specific testnet was launched. After more than a year of development, as of May 20, it had been 80 days since the IOST mainnet was launched, and the number of accounts exceeded 300,000.
IOST official website describes: The official team has more than 50 blockchain industry experts from prestigious universities such as Harvard and Princeton.
Now IOST's official website group has set up multiple levels. Only when you hold a certain amount of IOST, you are eligible to enter this group. The hierarchy is obvious.
Taking into account its market prospects, I am quite optimistic about IOST’s performance in the second half of 2019, with a score of 5.
Comment from Ah Shui:
There are currently nearly 50 trading platforms listed, of which 4 are in the top ten. The chips are relatively concentrated. It is obvious that the consensus is still far from enough. The goal of this project is very ambitious. Sharding technology is currently used by Ethereum. However, the current sharding technology There is still a high degree of uncertainty as to whether smart contracts can be implemented and supported, and it is not clear whether there are actually technical talents in this area. There are many uncertain factors. For projects that I think are worth risking investment, I will give them 5 points first.
Comment from Catching Fire:
IOST is a high-throughput, high-scalability public chain project, similar to Ethereum. It is developed by a domestic team. Compared with other public chains, due to the introduction of efficient distributed sharding technology and a confidence proof consensus mechanism, the main network will not be congested and the system throughput is extremely high.
In terms of implementation, there are now decentralized exchanges. With the help of IOST's super public chain performance, centralized exchange-level data concurrency can be achieved. With the help of blockchain distributed ledgers, it can ensure security while avoiding the black box of centralized exchanges. Operational issues. At the same time, due to the strong performance of the public chain, it can achieve perfect support for high-data DAPPs, and there will be no lag and delay problems like other public chains, so the growth of DAPPs is also rapid.
The roadmap project has been progressing steadily. In the future, distributed EDS, atomic swap protocol, and micro-state block technology have made great progress, and the implementation expectations are strong.
Code submission has always been relatively stable, and a major refactoring has just been carried out recently. I feel that the project is very technical, and the project side has not affected the development progress due to the poor market environment.
In terms of risks, although the project does not have an ICO, private equity accounts for as high as 40%, and the chips are too concentrated. If it is unlocked later, it is a potential negative, and you need to keep an eye out.
The future development of the blockchain world cannot be separated from the public chain. As a public chain project, IOST has good performance. If the later roadmap can be realized as scheduled, it will still have relatively large advantages. In addition, the recent growth rate of DAPP is also very fast. If there are one or two hot products, it will also greatly boost the currency price. At present, it seems that the currency price is at a low level and it has good lock-up profits. It is still a good investment opportunity. In the end, the project was given a rating of 6 points.
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