- IOST claims its platform is the first decentralized and scalable blockchain network powered by the POB consensus mechanism
- The mainnet reportedly supports thousands of transactions per second
- Some of the node partners include Huobi Wallet, DDEX, AlphaCoin and more
On February 25th, IOST, launched its Olympus v1.0 Mainnet. Now,a week into the launch, the team is satisfied that Olympus is running without friction, surpassing block height 3050000 and with almost 200 Node Partner candidates globally.
Olympus Mainnet Waxing Stronger
The IOST Mainnet, dubbed Olympus v1.0, has been running smoothly since it went live on February 25, 2019, and the network has now attained a block height of 3050000, with nearly 200 partners as of Monday.
At a time when several blockchain projects including Ethereum is yet to come up with a lasting solution to its scalability challenges, IOST says it has successfully built the first decentralized and highly scalable Proof of Believability (PoB) blockchain network.
The mainnet is now supported by close to 200 Node Partner candidates, including Huobi Wallet, AlphaCoin Fund, DDEX and several others.
The IOST Advantage
While the Ethereum network can manage to handle only 13 transactions per second, the team claims that its system can support thousands of nodes, with an impressive throughput of thousands of transactions per second.
That’s not all, the team also claims to have a user-friendly “iResource dual resource economic model with zero fees and a high-performance IVM that supports the V8 machine with sufficient scale.
Importantly, the IOST blockchain also supports flexible SCS smart contracts system that comes with flexible language contracts, permissions management and more.
200 Node Partners and Counting
Some of the Node Partners on the IOST Mainnet include:
Huobi Wallet – is a highly secure multi-cryptocurrency wallet from the stables of Huobi Group. Huobi Wallet supports a vast array of tokens including Bitcoin, ERC-20 tokens, ETH and more.
AlphaCoin Fund – a Singaporean venture capital fund that has invested in more than 30 blockchain projects, totaling more than $50 million.
DappReview – the world’s largest DApp platform, providing users with highly accurate DApp data, user insights, and market analytics.