Crypto Almanac - Part 144 Beginners Guide

Source. Crypto info.com

What is IOST?
IOST is an open source project that means to provide a solution for the security and scalability needs of the decentralized economy. They do this by providing a blockchain infrastructure they hope will become the foundations for the future of online services.

The IOST “Proof of Believability” consensus algorithm was created to maintain the security and efficiency of transactions on the network by weighing factors such as IOST token balances, reputation-based token balance, contributions to the network and user behaviors. IOST is scalable, efficient and secure, permissionless and neutral as well as decentralized and immutable.

The IOST mainnet has so far had over 347116315 transactions, boasts over 370000 accounts and 440 nodes. Investors include Nirvana Capital, Huobi, ZhenFund and Sequoia.