IOST Monthly Report | August 2023
The IOST Monthly Report — your essential guide to staying informed about the latest advancements, market growth, and ecosystem progress within the IOST community.
We wholeheartedly appreciate your positivity and long-term support. Your valuable insights and suggestions are crucial in shaping our journey as we continue to evolve. Thank you for being an integral part of the IOST experience!
Last updated on September 10, 2023
A. Technical Development
[Development]
- (Continued) Development of new versions of the mainnet
- Exploration of IOST cross-chain bridge solutions
- Exploring collaborations with third-party dApps
[Operation and maintenance]
- Mainnet snapshot update
- Optimization of internal efficiency tools
- Mainnet stability tests
- Mainnet security tests
B. Community Growth & Mainnet Statistics
Disclaimer: Third-party developers develop all IOST DApps. The information provided here does not constitute any investment advice. All content provided here is intended for education only. IOST bears no responsibility or liability for any loss that users may experience. Please get in touch with the DApp team directly for any questions.
C. Ecosystem Development
IOST Mainnet Olympus v3.10.1 Official Release
We are happy to announce the launch of Mainnet Olympus v3.10.1 today, which is a non-compatible upgrade. All block-producing nodes must complete the upgrade by September 10th, while non-block-producing nodes are also advised to upgrade.
WebX Asia 2023: Uniting Global Web3 Innovators in Tokyo’s Iconic Forum | Event Recap
WebX Asia 2023, Japan’s most significant Web3 conference organized by CoinPost, took place at the prestigious Tokyo International Forum on July 25 and 26, 2023. The event commenced with an inspiring speech by Japanese Prime Minister Fumio Kishida, and it served as a gathering ground for Japanese government agencies, administrators, Web3 stakeholders from Japan, and distinguished Web3 projects from across the globe.
IOST was included in Binance Japan’s exclusive initial list of 32 tradable tokens
IOST Mainnet Upgrade: A Game-Changer for Users — Wallet Address Creation Now Free!
Exciting news for all IOST users and enthusiasts! The IOST blockchain is undergoing a major upgrade that is set to redefine the way users create their wallet addresses. Users will now be able to generate their wallet addresses on the mainnet at no direct cost. This upgrade not only enhances accessibility but also showcases IOST’s commitment to creating a user-first blockchain ecosystem.
IOST’s Two Major Blockchain Services Officially Launched on Tencent Cloud
IOST is set to deepen collaboration with Tencent Cloud, leveraging our shared international digital infrastructure and ecological advantages. We're embarking on a comprehensive partnership centered around Web3, AI, and blockchain. Guided by technology-driven cost reduction and efficiency enhancement, we aim to set industry benchmarks collectively and explore new paths and models in the realm of the digital economy.”
ChainUp Cloud Joins Forces as IOST Ecosystem Node Partner
IOST is happy to announce a new strategic alliance with ChainUp Cloud, officially becoming an ecosystem node collaborator as announced by the integrated Web3 infrastructure platform incubated by ChainUp. The two entities are set to leverage our respective strengths in areas such as ecosystem development, brand integration, technological innovation, and community consensus building. Our collective mission is to propel the construction and refinement of Web3 digital infrastructure, creating a series of decentralized, open, cost-effective, diverse, stable, and efficient Web3 products and services for users.
IOST Partners with Leading Korean Venture Capital, HG Ventures
IOST has recently amplified its footprint in South Korea, investing in pivotal local projects like the virtual asset chat service ‘Coin Live’ and the ‘Cappy’ project, an initiative led by ‘FreeCap,’ a financial subsidiary of AfreecaTV. These ventures illustrate our persistent endeavors to fortify collaborations with indigenous teams and businesses, thus reinforcing our presence in the vibrant Korean market. Furthermore, with events such as Demo Day, hackathons, and meetups in Hong Kong and Japan, we are accelerating our outreach, solidifying our influence in the broader Asian region.
IOST AI Labs Meetup: Uniting Innovators in Blockchain and AI
On the 15th August, 2023, the IOST DUBAI Launch Party, a convergence of minds passionate about blockchain technology and cryptocurrencies, took place. This event, co-organized by IOST, Cypher Capital, Bitunix, and Onecloud, offered a unique platform for engaging discussions, knowledge expansion, and meaningful networking opportunities with industry experts.
Community partnership with WormHole 3
Mid-Summer Madness Airdrop Party with CrossSpace
Carter, IOST’s Hong Kong lead, at the Digital Entertainment Leadership Forum’s sub-forum on ‘#Web3 Empowering Artists in Art Trading.’
‘Coffee With Crypto Meetup with Sushi’ event
Carter, head of IOST Hong Kong on stage delivering a speech
Exciting exchange of insights at the Hong Kong Legislative Council
Trading Volume
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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