IOST Launches the IOST Nodes Showcase

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Prerna Sengupta
Prerna Sengupta is a writer for Thecoinrepublic. She is a law student at NALSAR University of Law, Hyderabad. She is interested in Tech Law and is especially keen on cryptocurrency, blockchain, and Bitcoin. She hopes to pursue this field in the future as a lawyer.

IOST Launches the IOST Nodes Showcase

  • This was launched to provide greater transparency and foster growth and development of the IOST ecosystem.
  • This series of reports will be an addition to IOST’s two existing reports which are the IOST Bi-Weekly Report and the DApps Roundup.
  • With their new series of reports, i.e., the IOST Nodes Showcase, they intend to share information about the progress and contributions of outstanding nodes.

The Internet of Services Foundation has introduced a new series of reports called the IOST Nodes Showcase to provide greater transparency and foster growth and development of the IOST ecosystem. This series of reports will be an addition to IOST’s two existing reports which are the IOST Bi-Weekly Report and the DApps Roundup.

IOST is a decentralized blockchain network based on the next-generation consensus algorithm “Proof of Believability” (PoB). They became one of the Big 4 Public Chains for DApps, within just two months after the launch of mainnet, alongside Ethereum, EOS, and Tron.

They have maintained high levels of decentralization and have also managed to overtake Ethereum in terms of network transactions. With their new series of reports, i.e., the IOST Nodes Showcase, they intend to share information about the progress and contributions of outstanding nodes.

They have also said that they will introduce the latest elected nodes who have just joined the IOST ecosystem. They launched a partner nodes summary at 12:00 in  Beijing time on December 7th, which stated that the number of IOST candidate nodes are currently 409. There are 148 elected nodes. The staking volume is ~4.08 billion IOST with a staking ratio of 33.94%.

Their latest goals are to make a presence in Africa where they believe, it is really needed. They wish to educate the people of Africa on blockchain and various organizations about blockchain technology. To make this dream, a reality, an offline meeting was held by iost. Africa in the Institute of Management and Technology in Enugu, Nigeria.

The audience comprised of computer scientists, engineers and mathematics students. They were made aware of the development of IOST and shown what users can do with IOST SDKs. An IOST Q4 node conference was also held in Japan at Zelo law firm who is a strategic business partner and a partner node of IOST.

PHI, which is another partner node of IOST, discussed the GUILD project and analyzed the project from a legal perspective with the help of the lawyers at Zelo law firm. Questions like legal responsibility of DAO and whether smart contracts are legally binding were raised and discussed. They also talked about the impact of the product on the community and how they would react to it.

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