IOST offers a solid infrastructure for all kinds of online service providers. Its ultra-high TPS, privacy protection, scalable and secure blockchain provide infinitely many new possibilities for online service providers to serve their customer base. IOST designed the Proof-of-Believability mechanism to eliminate the need for an energy-hungry proof-of-work protocol, which stands as a barrier to blockchain scaling up for much wider use. IOST provided a platform for third-party developers, creators and enterprise to realize value through effective ways of expanding community network. IOST is more decentralized than EOS and more scalable than smart contract.
How does IOST work？
IOST’s innovative Efficient Distributed Sharding (EDS) technology largely improves the scalability of the network by dynamically partitioning the IOS network into subspaces via a secured, bias-free stochastic process. It adopted a new consensus mechanism, proof of believability. Believability of a node is calculated based on contribution and behaviors; Meanwhile fairness is ensured with algorithmic randomness. MircoState Block is a new technology to reduce blockchain history data to ensure the network run efficiently under huge transaction amount. Atomix is a protocol to keep the information consistent in each network.
How to calculate IOST staking reward?
Annual return rate = Annually [ block reward + vote reward (foundation review) + contribution reward (voting score)]
Block reward = allocation ratio of node producing reward * number of blocks produced per day / number of votes received * 365 * 100%
Vote reward = allocation ratio of node voting reward * 0.21 billion / total voting number * 100%
Contribution reward (foundation review) = allocation ratio of node contribution reward * 0.21 billion * occupancy of current level /node number in current level / number of votes received * 100%
Contribution reward (voting score) = allocation ratio of node contribution reward * 0.21 billion / total voting number * 100%
What’s the advantage of voting in Huobi Wallet?
As on-chain wallet, users keep their private keys which means they can control their staking assets. Using Huobi Wallet users can vote Huobi Wallet node to receive reward conveniently. Huobi Wallet node, the only top five node from decentralized wallet, is ranked in the top three over a long period of time. It fully examined by market and supported by users. Huobi Wallet has been offering a competitive dividend rate and applied smart contract to deliver reward. Huobi Wallet insists on decentralization and focus on services.