In early March, IOST was in the final stages of developing a cross-chain bridge to Polkadot. A test version connecting to Ethereum is scheduled to launch in April, enabling ETH users to access faster and cheaper transactions.
Users of IOST will also gain more earning opportunities through DeFi and staking. This short article covers everything you should know about IOST: what it is, whether it might be worth investing in, and the best places to buy it today.
Best places to buy IOST now
What is IOST?
IOST is described as a fully decentralized, high-performance blockchain ecosystem with its own wallets and nodes. It is built on a next-generation consensus protocol called Proof-of-Believability.
IOST was founded by Jimmy Zhong, Terrence Wang, Kevin Tan, Ray Xiao, Justin Li and Sa Wang, and it launched in January 2018. Its open-source blockchain infrastructure is designed for scalability and security.
The project’s primary goal is to create a platform that can underpin future internet services. Its consensus algorithm is intended to ensure fast, secure network transactions.
The IOST token aims to address scalability challenges for large-scale applications and enterprises that may struggle to adopt blockchain in customer-facing environments.
Should you buy IOST today?
Nothing replaces doing your own research. Any investment decision should be based on market knowledge, your risk tolerance, and the composition and diversification of your portfolio. Consider also how you would feel about losing your invested capital.
IOST price forecast
Wallet Investor predicts growth over the next five years. Their forecast suggests IOST could reach $0.137 by March 2027. Based on that projection, a $100 investment today could be worth approximately $286 by 2027. Keep in mind forecasts are speculative and not guaranteed.
IOST on social media
$0.05 !!!🚀🚀🚀 @IOST_Official @jimmyzhong_iost @IOSToken_jp @IOST_KR #IOST @binance #cryptocurrency #Blockchain pic.twitter.com/GPARlLrNgP
— IOST 中文社区 (@IOST_CN) March 31, 2022