Blockchain

IOST looks to raise the bar for mainnet launches

IOST, a blockchain infrastructure claiming greater scalability and security than its rivals, is going head to head with the likes of Ethereum and EOS with its mainnet launch today.

The $40 million VC-backed project, whose IOStoken is one of the fast-growing digital assets in the crypto space, notes that this will support a host of new dApps in the coming weeks, built by a global network of more than 150 partners, including Huobi, DDEX, iBank Digital Asset, and CoinGecko”.

Jimmy Zhong, CEO of IOST, says: “The real value of a network is dependent on the applications that come with it, not just the technology behind it. Ultimately, mainstream users do not choose operating systems – they choose the applications which bring the most efficiency and enjoyment into their daily lives. Launching our mainnet alongside a number of dApps that are ready to engage with is a meaningful step for the IOST ecosystem, and our hope is that it will play a positive role in the widespread acceptance and adoption of blockchain technology.”

The launch follows completion of the IOST public testnet, which achieved processing speeds of more than 8,000 transactions per second (TPS), and the establishment of a $50 million ecosystem fund to support dApp projects.

Scott Thompson

Scott has been working in technology and business journalism for nearly 20 years, with a focus on FinTech, retail, payments and disruptive technology. He has been Editor of such titles as FStech, Retail Systems and IBS Journal and also contributed to the likes of Retail Technology Innovation Hub, PaymentEye, bobsguide, Essential Retail, Open Banking Hub, TechHQ and Internet of Business.