Next Generation Public Blockchain IOST to Launch Mainnet with 150+ Global Partner Network

First mainnet to launch with multiple existing user-friendly applications amidst market adoption challenges

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Next generation public Blockchain IOST, will launch its highly anticipated mainnet with multiple decentralized applications (DApps), six months ahead of schedule, on March 10, 2019. With a global network of more than 150 partners, including Huobi, DDEX, iBank Digital Asset, and CoinGecko, the IOST mainnet will support a host of new DApps in the coming weeks.

The team claims this is one of the most accessible, community-friendly platforms to come to market, with games, wallets, decentralized exchanges, stablecoins, and other applications launching in tandem.

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Jimmy Zhong, Chief Executive Officer of IOST said:

“The real value of a network is dependent on the applications that come with it, not just the technology behind it. Ultimately, mainstream users do not choose operating systems – they choose the applications which bring the most efficiency and enjoyment into their daily lives. Launching our mainnet alongside a number of DApps that are ready to engage with is a meaningful step for the IOST ecosystem, and our hope is that it will play a positive role in the widespread acceptance and adoption of blockchain technology.”

They claim that the IOST network is distinctive in that its Proof-of-Believability Consensus Mechanism (PoB) challenges centralization of nodes while ensuring high transaction speeds and network performance.

“While traditional Proof-of-Stake consensus algorithms leave control and compensation in the hands of a few nodes, PoB constantly rotates nodes and block production. At the same time, PoB ensures scalability, where hundreds, if not thousands of nodes can participate in transaction processing and validating transactions in the network each day.”

In the lead up to the launch, IOST also announced its unique Global Partner Program, which aims to create a more accessible way for individuals, teams and organisations of both technical and non-technical backgrounds to contribute and decide on the future of the IOST network, while being rewarded for their contribution to the ecosystem. This marked the first time that retail users were able to participate in the growth and security of a blockchain network in its early stages.

Davis Gay, Co-founder of Rate3 commented:

“Building the iStablecoin service on IOST has accelerated our ability to reach a wider base of users and introduce them to a lively, fast-growing ecosystem. Significantly, IOST is the first to launch a mainnet that immediately represents what the broader blockchain ecosystem looks like, complete with native and non-native applications, and existing users.”

IOST’s mainnet launch follows a string of recent ecosystem developments, including the completion of the IOST public testnet, which achieved processing speeds of more than 8,000 transactions per second (TPS); the establishment of the USD$50 million IOST ecosystem fund to support DApp projects; and the launch of the Global Partner Program, characterized by a unique node election process that encourages contributors at all levels of technical expertise to partake in building the IOST ecosystem.

IOST is an application-friendly, next-generation public blockchain infrastructure, helping decentralized app developers overcome some of the most challenging problems with mass adoption. IOST says they solve the scalability trilemma or having to select between levels of security, scalability, and decentralization. Through a “Proof-of-Believability” consensus mechanism, IOST enables DApps to build and deploy more meaningful services on its platform, helping more everyday users experience the mass benefits of blockchain services. IOST has a global presence, with offices in Beijing, Tokyo, Seoul, Berlin, San Francisco, New York and Singapore.

For more information, please visit: https://iost.io

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST
2015), a partner at ICO services collective Token.Agency
($750m+ and 90+ ICOs and STOs), director of education company
Blockchain Partners
(Oracle Partner) and ICO event organiser
at leading industry event CryptoFinancing (Europe's first ICO event now
branded Tokenomicon)
– Vancouver native Richard Kastelein is an award-winning publisher,
innovation executive and entrepreneur. He sits on the advisory boards
of some two dozen Blockchain startups and has written over 1500
articles on Blockchain technology and startups at Blockchain News and
has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.  Irish Tech News put him in the top
10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of
Blockchain
at China's first Blockchain University in Nanchang
at the Jiangxi Ahead Institute of Software and Technology. In 2018 he
was invited to and attended University of Oxford's Saïd Business School
for Business Automation 4.0 programme. Chevalier (Knight) - Ordre des
Arts et des Technologies at Crypto Chain University and an Advisory
Board Member of International Decentralized Association Of
Cryptocurrency And Blockchain (IDABC) as well as Advisory Board Member
at U.S. Blockchain Association. Over a half a decade experience judging
and rewarding some 1000+ innovation projects as an EU expert for the
European Commission's SME Instrument programme as a startup assessor
and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain
technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels,
Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki,
London (5x), Manchester, Minsk, Nairobi, Nanchang, San Mateo, San
Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel
Aviv,  Utrecht, Venice,  Visakhapatnam, Zwolle and
Zurich.  His network is global and extensive.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has
ranged from the Canadian Native Press (Arctic) to the Caribbean
& Europe. He's written occasionally for Harvard Business
Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work
and ideas have been translated into Dutch, Greek, Polish, German and
French. A journalist by trade, an entrepreneur and adventurer at heart,
Kastelein's professional career has ranged from political publishing to
TV technology, boatbuilding to judging startups, skippering yachts to
marketing and more as he's travelled for nearly 30 years as a Canadian
expatriate living around the world. In his 20s, he sailed around the
world on small yachts and wrote a series of travel articles called,
"The Hitchhiker's Guide to the Seas' travelling by hitching rides on
yachts (1989) in major travel and yachting publications. He currently
lives in Groningen, Netherlands where he's raising three teenage
daughters with his wife and sailing partner, Wieke Beenen.

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