Ethereum ETH to IOST IOST Exchange

Crypto Pair Details: ETH to IOST

Ethereum ETH

Ethereum is a smart contract platform that enables developers to build tokens and decentralized applications (dapps). ETH is the native currency for the Ethereum platform and also works as the transaction fees to miners on the Ethereum network. Ethereum is the pioneer for blockchain based smart contracts. Smart contract is essentially a computer code that runs exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. It can facilitate the exchange of money, content, property, shares, or anything of value. When running on the blockchain a smart contract becomes like a self-operating computer program that automatically executes when specific conditions are met. Ethereum allows programmers to run complete-turing smart contracts that is capable of any customizations. Rather than giving a set of limited operations, Ethereum allows developers to have complete control over customization of their smart contract, giving developers the power to build unique and innovative applications. Ethereum being the first blockchain based smart contract platform, they have gained much popularity, resulting in new competitors fighting for market share. The competitors includes: Ethereum Classic which is the oldchain of Ethereum, Qtum, EOS, Neo, Icon, Tron and Cardano. Ethereum wallets are fairly simple to set up with multiple popular choices such as myetherwallet, metamask, and Trezor. Read here for more guide on using ethereum wallet: How to Use an Ethereum Wallet

IOST IOST

IOST is building an ultra-high TPS blockchain infrastructure to meet the security and scalability needs of a decentralized economy. Led by a team of proven founders and backed by $40 million from world-class investors, including Sequoia and Matrix, IOST aims to be the underlying architecture for the future of online services. The powerful consensus algorithm “Proof-of-Believability” enables next-gen transaction throughput speeds while ensuring nodes stay compliant, using factors including IOST token balance, reputation-based token balance, network contributions and user behaviors. A faster grade Byzantine Fault Tolerance mechanism, microstate blocks, Atomic Commit protocol and a dynamic sharding protocol (Efficient Distributed Sharding) all ensure transactions are safeguarded, consistent and lightning fast while reducing storage, configuration costs and processing power for validators. Anyone is able to participate in every layer of our system, from using services on our blockchain to running a node and validating transactions. Our rules and code are open for all to see and no preconditions will limit participation. IOST aims to fundamentally disrupt previous methods of business by creating a self-operated, trustless network that maximizes network value for all parties. The project places great emphasis on decentralized and secure ways of storing information. It also provides for Dapps and smart contracts, and anyone who is familiar with blockchain technology knows just how integral these two concepts have become. Adhering to the quintessential egalitarian values of blockchain technology, IOST is creating a censorship-resistant and trustless network that is open to all, using blockchain technology to cut out middlemen and maximize network value for all parties. Terrace Wang, Kimmy Zhong, and Ray Xiao, who are extremely brilliant, have co-founded the project. In addition to these original three, the project has 12 employees and 4 advisors. It is also worth noting that Ryan Bubiski, a co-founder of CodeAcademy and a winner of Times Most Influential People award plays a major role in the advisory board of the project. The team has partnered with about sixteen blockchain and cryptocurrency oriented companies such as Sequoia, Nirvana Capital, and DFund. The project, therefore, has strong investors.'

SOURCE: COINGECKO

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