The Internet of Services Token (IOST) transaction volume has broken a milestone of 400 million reaching a record value of 400,515,735 on July 9, a report by IOST has said.
Since the launch of the IOST official mainnet in February 2019, the blockchain network has seen massive growth in the statistics of its mainnet, this include evolution in account records, dApps figures and the sum of mainnet transactions.
Aside remarkable result made in the mainnet, progress has been recorded in its partner nodes, market, ecosystem, technology, to mention but a few.
Report also shows that there has been a steadily foremost accomplishment in the network and this feat has made the IOST become a top public chain platform to reckon with alongside the likes of EOS, Tron and Ethereum.
July 9, 2020 marked a mouth-watering breakthrough for IOST mainnet, as the sum of transactions skyrocketed to 400, 515, 735 volume.
This breakthrough was reached based on the exclusive functionality of the inimitable Proof of Believability (PoB) consensus mechanism of the IOST mainnet, thus, outstanding presentation, extraordinary scalability and great concurrency on the aspect of regionalization and safety. This let the blockchain network perform series of transactions to be operated side by side.
The launching of the IOST partner program through election took place in December 2018, and at the moment over 400 partner nodes have been onboarded into the program. IOST also received strong support from its community, media companies, developer and exchanges, among others.
This strong backing however, has brought the aggregate number of IOST under voting to about 4.62 billion, exceeding the previous 4.6 billion, representing 30.8% of the total circulating supply.
This headway shows that the IOST platform is well known and has the full support of various establishments and members of the public. Hence, this will serve as an underpinning for IOST to continuously explore and also deploy new replicas and schemes in the blockchain industry.
IOST network partner nodes exist all over the universe and they function in all arenas of the blockchain network.
The IOST voting might likely not end any time soon, as the portal for candidate applications linger.
IOST Tops Leading Position in Elementary Tech
In a recent release by the CCID, IOST, being a regionalized public blockchain network, was placed in the leading position in the rudimentary tech field, with 108.7 points as its score.
The China Electronics and Information Industry Development Institute (CCID Research Institute) issued out its 18th Global Public Chain Technology Evaluation Index on June 18, 2020.
This latest index brought IOST to a revered 4th position, making it rise to a laudable position, prior to the previous one.
The four principal projects include TRON (TRX), EOS, Ethereum (ETH) and IOST, respectively.
This development is as a result of the high benefits which IOST stands to offer, among which are safety, regionalization, good presentation, operational tasks and a host of many others.
However, the project rated fourth ahead of the likes of some of the highly praised cryptocurrencies, such as Bitcoin (BTC), XRP, Litcoin (LTC), Stellar (XLM), NEO and several others.