Description: IOST is an ultra-fast, decentralised blockchain network based on the next-generation consensus algorithm “Proof of Believability” (PoB).
Blockchain: Iost Blockchain
Historic High: 0.13 $
Historic Low: 0.0015 $
Partners: Blockfolio, Nus, Rate 3, Lambda… +more
Exchanges: Binance, Okex, Huobi… + more
Technical features: In the IOST PoB consensus mechanism, the block production committee has 17 seats, which are changed every 10 minutes. The 17 nodes with the highest Servi are selected for the committee in each round, and then take turns to produce blocks and claim rewards. Each time a node is selected to participate in block production, all committee members consume Servi. Therefore the unselected nodes will have more Servi and will have a greater chance of being selected for the committee in the next round. Under this mechanism, there may be hundreds of different nodes selected for the committee each day.