Welcome to a new series of Biweekly update on IOST!
First and foremost, a year has passed by since IOST’s mainnet launch on 25 February 2019! It’s been one of the most exciting news since the beginning of the year! This is the biggest event to celebrate! However, the celebration has to be rescheduled to the middle of March due to various factors around the coronavirus outbreak.
The IOST ecosystem has experienced rapid development and IOST continues to show the steady pace of growing. By Feb 28th, 2020, the number of transactions on the IOST blockchain officially exceeded 230 million. The IOST mainnet block has exceeded block height of 63 million.
Today, IOST has the support of more than 500,000 community members worldwide, market influence in nearly 20 countries around the world, the №1 Staking economy in the global comprehensive index, more than 4 billion IOST votes staked in the mainnet, and over 400 partner nodes around the world that continuously contributes to the development of the IOST ecosystem. Moreover, IOST was added to the list of the latest crypto project ranking published by China’s Center for Information and Industry Development.
Moving on to the recent news from the flourishing IOST world!
Brand new “One-Click Token Launch” function, developed by IOST TOOL, allows you to launch IRC-20 tokens on IOST in just minutes! Check out a quick guide on how to launch a token on IOST.
IOST has recently reached strategic partnership with Suterusu, the privacy protection centered project, both parties will carry out in-depth technical cooperation on blockchain privacy protection and applications. Suterusu will use their zero-knowledge protocol ZK-ConSNARK to build a Layer-2 sidechain for IOST enabling functions such as private transfers, private finance and private contracts on IOST, also, it can provide IOST based DeFi projects higher levels of privacy protection.
INT Chain and IOST have reached a cooperation, and the two parties will communicate with each other in the application of the blockchain + Internet of Things. They will devote themselves to the technical integration research of the blockchain + Internet of Things, develop related applications, and actively deploy the blockchain application ecosystem.
Liebi, a global decentralized financial service provider, is chosen to work with the IOST development team on the seamless IOST cross-chain bridge that enables the transfer of the information, transactions and asset values between IOST and other blockchains.
Moreover, on February 20–21, IOST jointly hosted the HIVEHack hackathon with the well-known private university Kindai in Japan, who provided the venue and incentivized their professors and students to participate in the Hackathon.
More news to follow!
Development
GitHub metrics:
Developer activity (from Coinlib.io):
Mainnet Statistics
As of Feb 27th, 2020
“IOST’s Mainnet Launch 1st Anniversary”
IOST’s mainnet was launched on 25 February 2019. Today IOST has the support of more than 500,000 community members worldwide, market influence in nearly 20 countries around the world, the №1 Staking economy in the global comprehensive index, more than 4 billion IOST votes staked in the mainnet, and over 400 partner nodes around the world that continuously contributes to the development of the IOST ecosystem.
In terms of implementation, IOST has reached multiple in-depth cooperations with the global leader in the drones industry- EHang, the Japanese government and Japan’s largest state-owned power plant, traditional game publishers as well as top-tier blockchain games teams. Accelerating this way the implementation and development of blockchain in the Internet of Things, energy, and blockchain games industries. In addition, IOST has also had fruitful results in many fields such as payment, charity, education, and traceability.
The celebration event for IOST mainnet launch 1-year anniversary, however, has to be rescheduled to the middle of March due to the coronavirus prevention and control regulations in China. After this prevention period ceases, IOST will hold numerous amazing events and great anniversary gifts prepared for everyone.
IOST was added to the list of the latest crypto project ranking published by China’s Center for Information and Industry Development.
A total of 37 crypto projects, two more than in the previous ranking, were evaluated and ranked overall this month as well as in three separate categories. IOST debuted at number six in the overall ranking.
IOST Comparison Series: IOST vs TRON
IOST Comparison Series: IOST vs EOS
IOST Blockchain Explained Part 1: Network Specifics
In the first part of this Blockchain Explained series, there is a detailed explanation of technological aspects of the IOST ecosystem. In this article you’ll find out the main info about the consensus algorithm, Distributed Randomness Protocol, Leader Election with Back-up Protocol and Inter-Shard Transactions.
IOST Blockchain Explained Part 2: Network Participants
In the second part of this Blockchain Explained series, you will find more information regarding the network participants that play key roles in the consensus mechanism (validators, voters and rewards).
FAQ — Most Frequently Asked Questions in IOST Official International Telegram Group
Battle of Destiny’s Official Launch on IOST Mainnet
On February 14th, the medieval card battle game created by FoundGame Corporation. , Battle of Destiny, was officially launched on the IOST mainnet. It is is a fast and challenging war TCG card battle game. This version is a beta version that will not delete the save files. Along with this beta, there is also a one-month opening season. Users who make it to and stay in the season leaderboard from February 14, 2020, to March 14, 2020, will get an exclusive card skin.
Social encounters
IOST HIVEHack Hackathon in Japan
On February 20–21, 2020, IOST jointly hosted the HIVEHack hackathon with the well-known private university Kindai in Japan, who provided the venue and incentivized their professors and students to participate in the Hackathon.
The hackathon was organized for developers and also blockchain enthusiasts who do not have any developing skills. In addition, IOST co-founder Terry, Japan’s leading blockchain developers and blockchain industry practitioners all participated as lecturers and corporative speakers.
Since the set-up of IOST’s Japanese branch, IOST has been committed to promoting free education activities on blockchain technology in Japan while also scouting and training potential blockchain engineers. In 2019, IOST’s “Blockchain Free Education Program” was launched in 7 universities and educational institutions in Japan and provided blockchain courses to over 300 students.
In the future, IOST will hold more educational activities in Japan to further enhance IOST’s project awareness among young developer groups and tap into more promising blockchain industry talents and outstanding developers.
Finance
Token holders and the number of transactions dynamics (information from iostabc.com )
“One-Click Token Launch”
Brand new “One-Click Token Launch” function allows you to launch IRC-20 tokens on IOST in just minutes!
This function was developed by IOST TOOL, an IOST developer partner node. Being With a professional blockchain developers team, TOOL has extensive experience in developing dApps for in multiple public blockchain projects such as Ethereum and EOS.
quick guide on how to launch a token on IOST:
1. Download iWallet & Jetstream extension wallet
2. Open IOSTtool site and log in to iWallet or Jetstream
Open the site: www.iosttool.com
3. Enter the key parameters
The key parameters include:
Token name
Total supply
Decimals
Token details
With just one click, you’ll launch your own token! (Please remember to buy at least 5 IOST of iRAM beforehand).
“Decimals” refers to the smallest unit of the token, which is specified to a few decimal places. For example, if you set decimals = 2, the minimum unit is 0.01 tokens.
4. Now, click the red button, a confirmation page will pop up.
After clicking “Confirm”, wait patiently until a confirmation message is displayed in the lower-left corner. You can either ignore it or click on the hyperlinked [token name], which will direct you to your token’s profile on IOSTABC explorer.
At this point, the system will have automatically sent the token to the creator’s mainnet account.
At present, the cost of creating a token is about 3 IOST, and the format is limited to IRC-20. In the future, other token formats will be developed.
Roadmap
IOST 2020 roadmap has been finally revealed! In 2020 IOST will surely continue to contribute to an open, efficient and rapidly developing blockchain network! A creative and progressive IOST team never fail to inspire the most advanced community! Check out what’s been recently unveiled!
Q1:
- IOST Node Program v2.0
- Cross-Chain Technology Mass Adoption And Application Showcase
- IOST Staking Mechanism v3.0
- Start Compliance Progress in Japan, Korea, The US, Singapore, Vietnam, etc.
- Start Organizing Offline Meetups In 23 Cities Worldwide
- Launch Three Top-Quality DApps
- Improve Ecosystem Services And User Experiences
Q2:
- Accelerate The Expansion of IOST Partners Program to 30 key countries, Forming An Ecosystem With Global Connectivity And Healthy Competition
- Fulfill Compliance Standards in Japan, Korea, The US, Singapore, Vietnam, etc.
- Develop Partnership With At Least five Leading Enterprises
- Built and Sustain a Better Community Ecosystem
- Plan Initiate Campus In 80 Universities Globally
- Popularize Blockchain Tool Applications
- Improve Ecosystem Services And User Experiences
Partnerships and team members
IOST X Suterusu
IOST has recently reached strategic partnership with Suterusu, the privacy protection centered project, both parties will carry out in-depth technical cooperation on blockchain privacy protection and applications.
Suterusu will use their zero-knowledge protocol ZK-ConSNARK to build a Layer-2 sidechain for IOST enabling functions such as private transfers, private finance and private contracts on IOST, also, it can provide IOST based DeFi projects higher levels of privacy protection.
Privacy is an extremely important issue in encryption. For data and information that may need higher privacy protection, public ledgers that expose information on the blockchain are not suitable. When IOST provides such kind of privacy protection on-chain, it will greatly benefit the cooperation between IOST, more enterprises and governments.
Suterusu’s technology is based on their original zero-knowledge proof protocol ZK-conSNARK, which supports heterogeneous blockchains to implement privacy protection functions, without the need for “trusted presets”; optimized ZKP for faster proof speed; and SuterVM that supports smart contracts, which can achieve privacy protection for digital assets.
According to Suterusu CEO Hou Zheng Peng, Suterusu will use the knowledge in the field of privacy protection technology to make a positive contribution to the construction of IOST ecosystem.
The combination of public chain and privacy protection will provide more application scenarios for IOST in digital finance and DApps such as zero-knowledge identity authentication.
The main benefits of the cooperation:
- Suterusu can support IOST to protect the core information of transactions made on the IOST chain. Suterusu’s zk-conSNARK does not require a “trusted preset” and can achieve “constant-level traffic”. These two characteristics will also directly improve the security and verification efficiency of IOST mainnet transactions.
- Suterusu can provide “controllable anonymity” for IOST in the payment field, which is of great help for the application and adoption of IOST decentralized payment.
- In the DeFi, Suterusu can support IOST and implement a smart contract function with more application value. Everyone can see that these preset rules are enforced, but information about the amount of the transfer, what kind of assets and the person who transferred it is protected.
- The partnership between IOST and Suterusu will provide privacy protection for the construction of decentralized applications based on IOST, guaranteeing the user’s data privacy and data security.
- Through this partnership, IOST will achieve on-chain data privacy protection; this will greatly broaden the practical application of IOST public chain technology and will also provide more private and security services to the IOST mainnet users.
- In the future, IOST will go hand in hand with Suterusu to conduct in-depth technical research and cooperation in cryptography applications, blockchain privacy protection and other aspects, working together on mass adoption, so that blockchain technology truly benefits everyone.
Learn more about Suterusu by visiting their website
INT X IOST
INT Chain and IOST have reached a cooperation, and the two parties will communicate with each other in the application of the blockchain + Internet of Things. They will devote themselves to the technical integration research of the blockchain + Internet of Things, develop related applications, and actively deploy the blockchain application ecosystem. In addition, INT Chain’s numerous enterprise resources will also bring more potential partners and applications to both Parties.
INT Chain has accumulated a large number of experience and enterprise resources in the field of Internet of Things. In the future, the two sides will communicate with each other in the application of blockchain + Internet of Things, and jointly accelerate the pace of application of technology.
The INT Chain project, which evolved from the perspective of the IoT structure system, is the world’s first bottom-up basic application platform that created a new generation of IoT blockchain interaction standards. INT Chain has partnerships with well-known companies such as China Telecom, ZTE, and Hubei Industry and Construction Group.
According to Yin Xiangyu, head of INT Chain China, by cooperating with IOST, they can share their experience and technology in the application of IoT scenarios and explore the application and development of blockchain technology with IOST in certain specific fields.
Check out INT Chain official website to find out more useful information about the platform.
IOST X Liebi
Liebi, a global decentralized financial service provider, is chosen to work with the IOST development team on the seamless IOST cross-chain bridge that enables the transfer of the information, transactions and asset values between IOST and other blockchains.
For both private and public blockchains, the key to realizing the Internet of Value lies in the cross-chain technology. Through the IOST cross-chain bridge, IOST blocks can be easily forwarded and mapped to different blockchain networks through the relay chain.
For users, IOST cross-chain bridge enables cross-chain asset transactions, and other services in the relay chain, e.g. DeFi, DEX, Staking, etc. It can bring extra liquidity for the asset and enhanced security to users.
For developers, IOST cross-chain bridge can enable cross-chain smart contract interoperation, reduce multi-chain development costs, realize multi-chain user sharing, data interconnection, and interoperability.
IOST cross-chain bridge is an open-source project based on Substrate. Combined with Relay Service and multi-signature mechanisms, it can build a secure, flexible, and scalable cross-chain without modifying the core functions of IOST. The overall solution includes Inter-chain communication, runtime modules, and guaranteed security.
Currently, the team are working on the development of the base modules for inter-chain communication, including RUST-IOST RPC interface encapsulation, IOST node transformation, etc. In this solution, the transformed IOST light nodes actively collect transactions broadcasted by the IOST mainnet, the Relay Service then verifies the Merkle Tree block header, and finally forwards the data.
Inter-chain communication IOST -> side chain
On the other side, the side chain receives the blocks from the Relay Service and packages them into the relay network to share the block data with other blockchain networks. Correspondingly, IOST light nodes will also collect other network’s blocks forwarded from the Relay Service, and after verification, broadcast them on the IOST mainnet, so users can directly utilize cross-chain smart contracts deployed on the IOST mainnet to complete operations.
Inter-chain communication side chain -> IOST
If you are capable of developing based on Rust and Golang, you are very welcome to submit a Pull Request or Run test in Rust-IOST, IOST Relay Service, Runtime and other repositories, and send us feedback.
About Liebi
As a leading block producer partner node, Liebi has launched two DApps, the Liebi Pool and IOST Voter on IOST mainnet. Its 24h transaction volume has consistently maintained it within the top 3 rank (Source: Dapp Review / Dapp Radar / Dapp Birds, etc.). With a total of 276 million IOST votes obtained, Liebi has earned its position in the first-tier parter nodes list two quarters in a row by its remarkable contributions to the IOST ecosystem.
IOST Nodes Showcase
The IOST Nodes Showcase shares about the progress and outstanding contributions of IOST Nodes. We will also introduce some of the latest elected nodes who have joined the IOST ecosystem to our community in this ongoing series.
Rumors
Social media metrics
Social media activity:
The graph above shows the dynamics of changes in the number of IOST Facebook likes, Reddit subscribers and Twitter followers. The information is taken from Coingecko.com.
This report is not financial advice.
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