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TürkçeIOST Information
IOST is gaining attention for its focus on scalability and speed, making it an attractive option for developers looking to build decentralized applications. The platform employs a unique consensus mechanism that enhances transaction throughput, positioning itself as a viable contender in the ever-evolving blockchain landscape. With a growing ecosystem and strategic partnerships, IOST aims to facilitate a seamless blockchain experience for users and developers alike.
The Internet of Services Token (IOST) is a blockchain platform designed to provide high scalability and secure decentralized applications (dApps). Launched in January 2018, IOST is built to support the fast and efficient technology required for the increasingly interconnected and digital world. As the blockchain space continues to evolve, it's essential to analyze IOST's history, its advantages and disadvantages, and its future outlook.
Historical Performance of IOST
IOST reached its all-time high (ATH) price of $0.1298 on January 24, 2018, shortly after its ICO. Since then, the coin has experienced significant volatility and price fluctuations, like many cryptocurrencies. Its all-time low (ATL) was recorded at $0.0016 on March 13, 2020. Between these extremes, the price has seen a dramatic decline of approximately 96.24%, which is reflective of the broader market trends during the crypto bear market.
Despite these ups and downs, IOST has maintained a steady development pace, implementing various technological upgrades and partnerships aimed at bolstering its ecosystem. Today, it holds a market capitalization of approximately $91 million, with a circulating supply of 18.7 billion of its total supply of 90 billion tokens.
Advantages of IOST
One of the primary advantages of IOST is its focus on scalability. The platform boasts a unique consensus mechanism called the "Proof of Believability" (PoB), which aims to achieve high throughput and low latency in transaction processing. This makes IOST appealing for developers looking to create dApps that require seamless and immediate interactions.
Furthermore, IOST provides extensive support for smart contracts and a feature-rich development environment, enabling developers to build complex applications easily. The project also emphasizes user experience by working towards fast and simple onboarding processes for users.
Disadvantages of IOST
On the downside, IOST faces the challenge of competition in an extremely crowded blockchain space. With many other platforms such as Ethereum, Binance Smart Chain, and Solana also targeting scalable solutions for dApps, IOST must consistently innovate to capture and retain market share. Its lower visibility compared to larger, well-established competitors can also hinder its adoption and use.
Moreover, the technology is still in its relatively early stages, and the ecosystem needs to grow further to support a broader range of use cases and applications. The reliance on its unique consensus algorithm may also raise questions about its long-term viability compared to more proven methods.
Future Outlook for IOST
The future of IOST will likely depend on its ability to navigate the challenges of competition and continually enhance its technology. The team has demonstrated a commitment to improving the platform and fostering partnerships that can extend its reach and usability. If successful in attracting developers and users to create and interact with decentralized applications, IOST could see significant growth.
As the blockchain and cryptocurrency ecosystems mature, IOST's adaptability to market demands and user needs will determine its position. Market sentiment and regulatory developments will also play a crucial role in shaping the future landscape for IOST. Overall, while the past performance indicates both potential and pitfalls, the future prospects hold opportunities for those willing to engage with this innovative platform.
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from price
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General Information |
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Title
IOST
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Symbol
iost
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Whitepaper
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Website
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Community
-
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Last Updated
2025-01-21 23:51
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Price Data |
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Current Price $
0.00650562
$
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High 24h
0.00669559
$
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Low 24h
0.00619086
$
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Price Change 24h
0.00010695
$
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Price Change % 24h
1.67152
%
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Market Data |
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Market Cap
138670427
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Total Volume
17851677
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Market Cap Change 24h
2369156
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Market Cap Change % 24h
1.73818
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
21315000000
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Total Supply
21315000000
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Max Supply
90000000000
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Historical Data |
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All Time High (ATH)
0.129829
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ATH Change %
-94.99325
%
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ATH Date
2018-01-24 00:00
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All Time Low (ATL)
0.00160309
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ATL Change %
305.47928
%
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ATL Date
2020-03-13 02:25
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