IOST describes itself as "ultra-fast," a blockchain network that is not completely centralized and has its own ecosystem of nodes, wallets, based on a "proof-of-believability" consensus algorithm.
The IOST blockchain infrastructure is open source in nature to become more secure and scalable, with the hope of serving as the backbone to online online services in the future.
Launched in January 2018 by Jimmy Zhong, Terrence Wang, Justin Li, Ray Xiao, Sa Wang and Kevin Tan.
The biggest difference between IOST and its competitors is that IOST claims to be able to process up to 100,000 transactions per second compared to Ethereum 20, Tron 2,000 and 4,000 EOS.
To achieve this transaction speed, the IOST team has created the latest blockchain architecture, which introduces and incorporates several innovations including Distributed randomness protocol, Efficient distributed sharding, TransEpoch, Atomix, Proof-of-Believability and Micro State Blocks.
Next, look at the current movement chart of the IOST/USDT price,
The IOST price movement has exhibited a good 2021 market record by producing a jump of over 1,500% recording the latest all -time high (ATH) level at the $ 0.091 price level on April 14 last year.
From a technical point of view, the IOST price movement is giving a positive signal to gain upward momentum, the SBR (support become resistance) level around $ 0.023 is seen to be the next focus level to be tested.
If the price movement continues to see an uptrend and passes the SBR $ 0.023 zone, a higher price increase will occur and head to the next SBR zone to test the resistance level expected by investors.
However, if the IOST price returns to see a bearish trend, the price is seen to return to test the RBS zone (resistance become support) around $ 0.019 before heading to the support level that was recorded before.
At the time of writing, IOST/USDT is trading at $ 0.021 up almost 2% in the last 24 hours.
