IOST, an ultra-fast, decentralized blockchain network developing the next-generation consensus algorithm called “Proof of Believability” (PoB), recently topped the Center for Information and Industry Development (CCID), a prestigious institution ranking technological developments.
IOST is currently supported by Sequoia, Matrix, ZhenFund, and other major investors. The IOST project team is composed of researchers and developers with significant experience and expertise in blockchain and distributed ledger technology. The team’s academic background, with graduates from top universities such as Princeton, Stanford, MIT, Tsinghua University, and Beijing University, helps establish their provenance in the blockchain industry. As a firm, IOST is primarily aimed at enterprise-level clientele, providing blockchain technology and applications for online service providers.
IOST’s public blockchain is widely regarded in the crypto industry as one of the Big Four public chains, alongside Ethereum, EOS, and TRON. IOST currently has 500,000 community members across 20 countries worldwide, and over 480 nodes servicing more than 1110 smart contracts. IOST’s Node Program is also a leading staking platform, known for its low risk and seamless, intuitive user experience.
The newly released ranking of 37 well-known global public blockchain projects was published by China’s Ministry of Industry and Information Technology. The assessments evaluate major players in the industry and indexes developments in the field according to research by the CCID (Qingdao) Blockchain Research Institute Co., Ltd., a subsidiary of China’s Ministry of Industry and Information Technology.
CCID (Qingdao) Blockchain Research Institute operates as an independent legal entity approved by the Ministry of Industry and the Ministry of Information Technology. It was established by its parent institution, the Ministry of Industry and Information Technology. As such, CCID operates as an organization geared towards blockchain consulting and technical services. CCID is a member of the Secretariat of China Blockchain Ecosystem Alliance.
The rankings assess top crypto projects based on three categories: basic technology, applicability, and creativity. These three categories in turn evaluate the projects according to the following criteria: technical development, functionality, performance, security, and grade of decentralization (Basic Technology); node ecosystem deployment, wallet compatibility, development support, and implementation (Applicability); developers’ team’s size, code update frequency, and the code’s influence to the overall blockchain industry (Innovation).
Work on the series of evaluations was done in collaboration with several participating organizations and committees, including the CCIDWise Network Security Institute, China Software Evaluation Center, and the Cyberspace Security Magazine, among others.
This recently released ranking sees IOST successfully securing the top position for the fourth time in a row, surpassing other major competitors in the industry such as TRON, Tezos, and QTUM. IOST gained first place in the basic technology sub-index with a rating of 106.7 points, and a bronze medal in the overall ranking with a total index score of 130.6 points.
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