The IOS token is one of the youngest crypto currencies on the market and still belongs to the top 50 coins. The coin has nothing to do with Apple’s mobile devices. Instead, IOS is to become the blockchain for the „Internet of Services“ and at the same time offer an increased degree of scalability and privacy.
IOS Token – A new crypto currency for the Bitcoin trader?
„Internet of Services“ is related to the „Internet of Things“. It is about the fact that all imaginable devices are constantly connected and communicate with each other through the Internet. I OS is supposed to be the blockchain for services and digital goods. Therefore, the goal of development is to create a Bitcoin trader platform that makes it easy for Bitcoin trader developers to create new applications.
Many blockchains use „nodes“ that perform important infrastructural tasks. In IOS, devices belonging to the Internet of Things can also act as nodes. Such devices include data processing computers, drones, data storage devices, terminal devices. „First class nodes, however, refer to nodes that are primarily designed to keep the network running. However, even the normal nodes can contribute to transactions being carried out. Each node has its own ID and users of the platform also have their own account. This account contains all personal information, including their digital assets.
HUDS is one of the features of the crypto currency. HUDS works similar to web hosting and allows users to store their own data and distribute it across multiple nodes. This allows a large number of different services to be operated on IOS, such as the company’s own sales portals.
Instead of using the common algorithms „Proof-of-Work“ and „Proof-of-Stake“, IOS uses the „Proof-of-Believability“. These algorithms verify new transactions and make it possible to send coins. PoB is a further development of PoS, in which the credibility of the nodes is the deciding factor when it comes to determining the next block of the block chain. The nodes are selected randomly, so that every operator of one of these nodes gets the chance to participate in this consensus mechanism. Mining is completely eliminated with the PoB.
IOS Token – Who is behind the Ethereum code?
Efficient Distributed Sharding“, or EDS for short, is one of the technologies that helps the blockchain with scalability like this https://www.onlinebetrug.net/en/ethereum-code/. EDS is a network on which the blockchain is based. Transactions can be carried out via this network, which means that they do not place any additional load on the blockchain. Here, the data is distributed to different Ethereum code devices. The blockchain should not get any problems with the scalability. „Atomix“ helps to split the data automatically. „Micro State Blocks“ is another useful technology. These blocks are created at regular intervals so that participants in the PoB process who have been temporarily disconnected from the network can quickly re-enter the network. The result is a reduction in operating costs for all participants.
Behind the development is a well grown team of software developers with a lot of experience with crypto currencies. Terrence Wang studied distributed systems at the University of Chicago, Minnesota and Princeton. He developed CoinLang, a primary language for Bitcoin. Jimmy Zhong was one of the first users and miners of Bitcoin and Ethereum. He holds a degree in Computer Science and Mathematics from Emory University.
Kelvin Tan studied computer science at Tsinghua University, is the CTO of EtherCap, and holds gold medals from the National Olympiad in Informatics and ACM/ICPC Regionals. This is only a small part of the team, many others of the members have several startups or other financial projects behind them.
Among the investors and partners are the crypto exchange Huobi, ZhenFund, Sequoia, ChainFunder, Banyan Capital, Metropolis VC, INBlockchain and AlphaCoin Fund.