IOST, short for Internet of Services Token, is a blockchain platform designed to support online services through decentralized applications (dApps). It aims to provide high scalability, enabling thousands of transactions per second, making it suitable for applications that demand speed and efficiency.The IOST network employs a unique consensus mechanism called Proof of Believability (PoB). This system ranks users based on their credibility and contributes to efficient block validation. As a result, the network can maintain fast processing times while ensuring security.IOST’s architecture includes built-in features like smart contracts and a user-friendly environment for developers. This encourages innovation, as developers can easily create and deploy decentralized applications.IOST’s native token, also named IOST, is used for transaction fees, staking, and participating in the network’s activities. This token serves as an incentive for users and developers to engage with the platform, promoting growth and adoption. Overall, IOST aims to enhance the internet experience by enabling decentralized service models.