Is IOST a Good Investment?

Introduction

IOSToken is a cryptocurrency that is native to the IOST platform and is used as a 'fuel' like Ethereum to carry out transactions pay fees. The IOSToken also helps in establishing Proof of Believability (POB) consensus by varying through blockchain. IOS tokens are for all transactions and commission fees on the IOS blockchain. Users can use them to pay for goods and services from community members and merchants or commissions that validators earn. These commissions can be from running smart contracts, using resources like the computer`s power and storage space, and processing transactions and messages. They will also be part of the user believability calculation.

Users can get tokens through exchanges and League partner’s integrations early on by validating transactions or by community service that involves contributing resources. Examples would be providing storage space and running smart contracts.

How Does IOST Work?

The IOST has four mechanisms as follows:

1. Proof-of-Believability (PoB)

Proof-of-Believability (PoB) guarantees that the IOST nodes are with negligible probability to misbehave, while significantly increasing the transaction throughput by size-one-shard. It separates all the nodes into two leagues: believable and normal.

First of all, believable nodes process transactions quickly. Then the normal nodes validate samples of the transactions and provide verifiability. Based on its believability score (it is calculated by multiple factors, such as token balance, contributions to the community, reviews, etc.), a node is selected as the believable league. Normal nodes are able to ensure that the believable nodes are acting honestly. If a normal node catches a believable node acting dishonestly, that believable node will lose all of its tokens and its believability score will go back to zero.

2. TransEpoch

TransEpoch is a node-to-shard transition assignment protocol that allows remaining nodes to continue working while having new nodes bootstrap and download history data. By using TransEpoch, IOST switches batches of nodes in and out of shards when transitioning between epochs. The TransEpoch algorithm keeps the Byzantine Fault Tolerance (BFT) consensus for each shard during the transition and keeps the shards secure so that malicious nodes won’t be able to take over the shard during the whole process.

3. Atomix

Byzantine Shard Atomic Commit (Atomix) is a two-step inter-shard atomic commit protocol that guarantees transaction atomicity in the Byzantine setting. Here’s an example of a cross-shard transaction from node a at shard A to node b at shard B: Node an in shard A wants to send a fund to node b in shard B. If the nodes in A approve the transaction, the transaction is logged in A’s blockchain. At the same time, the client will lock the fund into a transaction message (proof of acceptance) and send it to B. A sends the transaction to B’s blockchain for validation. If all nodes in B approve the transaction, b receives the fund. If the TX is rejected by nodes in A, the fund returns to a.

4. Micro State Block (MSB)

To minimize the storage and bootstrapping costs for validators, IOST uses Micro State Blocks (MSBs). So each shard only stores the headers of previous blocks and the blockchain state is dispersed across multiple shards. Because of the MSB generation protocol, nodes only need to validate the last part of the blockchain instead of the entire blockchain.

Financial Analysis

The daily technical chart of IOST crypto price action displays an uptrend. According to the pivot levels, the primary support level is $0.036. On the other side, if it rushes up, the resistance level to follow is $0.043. Although the chart forms a bullish engulfing candlestick pattern within the day, it is predicted that the price may remain upwards with medium reliability.

The ROI From the last year 2020 frames till today is 901% and IOST underperformed in '' category which had 3542% growth over the past year, you can see more here.

 IOST underperformed in the crypto market which had 3542% growth over the past year.

• IOST crypto is in an uptrend at 7.8% during the intraday trading session.
• The 24-hour trading volume is at $392 million.
• IOST/BTC pair is trading positive by 5.5% at 0.00000081 BTC. 

The IOST`s Popularity shows that Twitter has a 9% Growth Rate, so it`s better than Telegram with -8% and Reddit with a 1% Growth Rate, you can see more here.

The Market Cap chart has a U shape with a 69% Liquidity Score. so with growing chart, it must have a good market at all, you can see more here.

The volume of (1.386B) is above the MA of 20-days (720.677M). As a result, the volume is too high, causing its price to break above the resistance zone. Investors may also mark that the volume bars on the chart are inclining, which intimates that notable volatility is expected in the upcoming trading session. 

The Schaff Trend Cycle indicator (bullish) with a 100 represents a buy signal in the coin, projecting an uptrend. Additionally, Investors can see a green buy signal and an upward curve in the index.

You're saying that I should invest in IOST Network?

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