IOST 2024 Roadmap Unveiled: Charting a Course for Blockchain Innovation

A Detailed Look at IOST’s Plans for the First Half of 2024

In the ever-evolving landscape of blockchain technology and decentralized ecosystems, IOST stands at the forefront, poised to bring innovative changes to the industry. As we embark on the journey into 2024, IOST has unveiled its comprehensive roadmap, outlining ambitious plans and strategic initiatives for the first half of the year. With a focus on enhancing scalability, expanding partnerships, and exploring new horizons such as IoT integration and Web3+AI projects, IOST is determined to continue its trailblazing path in the blockchain space. In this article, we delve into the details of IOST’s roadmap, highlighting key objectives and the potential impact on the blockchain community.

2024: First Quarter

1. IOST Mainnet Upgrade: Optimize TPS (Transactions Per Second) to enhance DApp friendliness on the IOST mainnet.
2. IOST Wallet Upgrade: Update and upgrade IOST extension wallets, adding support for custom RPC (Remote Procedure Call) and other functionalities.
3. Continuous Optimization of IOST Account Creation: Simplify the new account registration process to improve user experience.
4. Exploration of Cross-Chain: Explore the possibility of connecting the IOST mainnet with various Layer2 cross-chain solutions.
5. Integration with IoT Devices (IOT): Investigate the integration of IOST with IoT devices, enabling applications in IoT payments and other DEPIN (Decentralized Internet of Things Payment) scenarios.
6. Incubation of Web3+AI DApp Projects: Continue incubating high-quality DApp projects that combine Web3 and AI, encouraging more developers to participate in the IOST ecosystem.
7. Advancement of Strategic Cooperation with Cyberport, Hong Kong: Further advance strategic collaboration between IOST and Hong Kong Cyberport.
8. Enhancement of IOST’s Compliance in Hong Kong: Increase awareness and liquidity of IOST in the Hong Kong market while strengthening compliance efforts.
9. Deepening Collaboration with Crypto VCs: Collaborate more closely with cryptocurrency venture capital firms to create innovative project incubation programs.
10. Expansion of Local Market Teams: Expand IOST teams in Hong Kong, Vietnam, Turkey, and Dubai to build strong local communities.
11. Global Ecosystem Partnership Expansion: Expand partnerships with high-quality ecosystem partners globally and onboard more high-quality node partners.
12. Increased Listing Coverage on Global Exchanges: Improve the coverage of IOST on global cryptocurrency exchanges.

2024: Second Quarter

1. SPEC and Formal Verification of IOST Consensus Algorithm: Enhance consensus stability through SPEC (Specification) and formal verification of the IOST consensus algorithm.
2. Upgrade to IOST Block Explorer 2.0: Integrate various DApps, API consolidation, and performance enhancements in the IOST Block Explorer.
3. Optimization of Official IOST Services: Improve official IOST services, including enhancing development documentation and upgrading API node performance.
4. Continued Development of On-Chain Infrastructure: Strengthen research and development in on-chain infrastructure in areas like DeFi, NFT, GameFi, and Web3.
5. Accelerate IOST Web3+AI Project Incubation and Implementation: Actively promote the incubation and deployment of IOST Web3+AI projects.
6. Collaborative Research and Development in Hong Kong’s RWA/STO Business: Collaborate with Hong Kong partners to jointly research and develop Real World Assets (RWA) and Security Token Offerings (STO) businesses.
7. Exploration of Strategic Partnerships with Local FinTech Associations and Institutions: Explore strategic partnerships with local financial technology associations, institutions, enterprises, and government bodies in Hong Kong.
8. Continued Organization and Co-organization of Hackathons: Organize or co-organize hackathons to further support third-party DApp development on the IOST blockchain.
9. Regular Offline Events with Ecosystem Partners: Host offline events with ecosystem partners regularly to engage developers and the community.
10. Increased Exposure, Community Building, and User Engagement in Key Growth Regions: Expand brand exposure, community building, and user engagement in key growth regions such as Southeast Asia, East Asia, North America, and Europe.
11. Continued Global Blockchain Education Series: Deepen the IOST global blockchain education series to train and attract industry innovation and development talent.
12. Expansion of Community Key Opinion Leaders (KOLs): Expand the network of community key opinion leaders (KOLs) globally.

About IOST

High fees and slower transaction times on the Ethereum network have left the door open for new solutions to emerge, and IOST is one such project that has been gaining traction since its mainnet launch in 2019.

Backed by significant financial and VC firms such as Sequoia, Matrix, and ZhenFund, IOST is a pioneering decentralized, high-throughput, gas-efficient Proof-of-Believability-powered smart contract platform built to tackle the scalability trilemma once and for all. For this, the concluding ranking from China’s CCID ranked IOST as the best blockchain platform under Basic Technology, better than Ethereum, EOS, and every other smart-contracting platform evaluated by the agency. This is a testament to the quality and ability to roll out a better, innovative product and reflects our genuine desire to be the best in the sphere.

Being one of the public chain leaders in adoption, performance, and utility, IOST remains committed to our mission to unleash the power of blockchain. IOST currently has an ever-expanding 500,000 members community in over 20 countries, over 400 nodes, a top-tier staking ecosystem, and symbiotic relationships with corporations dotted worldwide.

If you would like to hang out with the IOST community on chat or social media or discuss product development, we have something for everyone:

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