IOST Everest v0.5 Public Testnet Launched

Everest brings the IOST blockchain functionally online
11 July 2018   1188

New version of IOST Testnet v0.5 called 'Everest' launched. Everest brings the IOST blockchain functionally online. There’s still much to be done and developers encourage you to play with all of Everest’s features and help contribute to the development of the IOST blockchain.

IOST’s mission is to become the underlying architecture for the future of online service providers globally. We are laying the foundation for a high TPS blockchain infrastructure, one that meets the security and scalability needs of a decentralized economy.

Terrance Wang


Features of Everest v0.5:

  • IOST consensus mechanism: Proof of Believability (PoB) up and running
  • A Faucet that provides testnet tokens to users
  • A Wallet to store and send tokens
  • Ability to run IOST testnet nodes
  • A Blockchain Explorer to display transactions and blocks
  • Build private IOST test networks
  • Smart contracts system featuring key-value pair storage, inter-contract API calls and multiple signatures
  • API oriented smart contracts to quickly write and deploy code
  • A smart contract ‘Playground’ to test smart contracts locally
  • A ‘Lucky Bet’ game running on testnet
  • Real-time monitoring metrics and sending of alerts
  • Deployed on real network environment, running on multiple nodes deployed worldwide in Tokyo, London, Singapore, Mumbai, Frankfurt, Seoul and Montreal

Developers deployed testnet node instances with the PoB consensus engine on up to 6 shards and achieved an average throughput between 7000-8000 transactions per second.

Proof-of-Believability is up and running in a real environment. The source code is available to view in the consensus folder of the IOST GitHub project.

The PoB consensus uses a node’s contribution and stake balance to gain block creation chances by becoming a validator. The algorithm factors in both transactions verified and token balance to determine the contribution to the network.

These are the plans of IOST team:

  • 2 or more major updated releases of the IOST testnet before the launch of our mainnet
  • More extensive testing and general infrastructure developments
  • Additional functionality and security checks for smart contracts
  • IOST Virtual Machine optimization
  • PoB running under increasingly diverse environments
  • Increased stability of node life-cycle
  • Integration of Layer 1 and Layer 2 scaling solutions with research progress
  • More documentation guidelines for developers

Try a testnet by yourself! 

Top-3 Ongoing ICO 16th - 22nd Sep Acc. to Our Readers

Let’s check which ICOs from ongoing 16th to 22nd of September are considered the best among our readers
24 September 2018   129

Our readers are dedicated cryptocurrency enthusiasts and fans of blockchain technology. We provide them with the ability to express their opinion regularly. Let’s check top three upcoming ICO according to our readers.

1. World Bit Bank 

Vitsolutions, LLC has been conducting technical development of the World Bit Bank project and researching innovative financial technologies and the blockchain technology since 2016. World Bit Group which manages the World Bit Bank was established in 2018. It was registered in the EU and holds the Virtual currency against fiat currency exchange license and the Virtual currency wallet service license. Being under European jurisdiction, all real and digital assets of investors will have the highest security. By covering a large portion of the globe, we will be able to provide millions of people with banking services using cryptocurrency in conventional banking operations. Such services include: cryptocurrency loans, use of cryptocurrency in VISA/MasterCard debit cards, easy and cheap transfer and exchange of cryptocurrencies and many more financial transactions we make every day.

World Bit Bank ICO
World Bit Bank ICO

As reported, almost €16M raised.

2. Worldopo 

Worldopo gives the players a platform to build, own and trade property, all securely stored in blockchain. The innovative new approach is the use of it’s own cryptocurrency, the WPT as the base of the economic simulation. This gives the game a layer of realism never seen before, because people can earn real money when playing. The addition of AR makes it possible to actually see your empire grow before you eyes. In short Worldopoly is a true revolution in mobile gaming, easy accessible and yet complex like the real life itself. The best is part is: the game has already completed the development of its game engine and major features.

Worldopo ICO
Worldopo ICO

Worldopo team was able to sell 640 700 WPT.

3. Cloudbric  

Cloudbric is a decentralized universal security platform featuring enterprise-grade website, mobile device and crypto asset security, as well as access to a community driven threat intelligence database all powered through a new technology called VISION (patent pending), a CNN-based deep learning AI-tech, featuring one of the most accurate (low false positive rated) engines on the market. Our goal is to not only secure the web in general, but to secure the entire blockchain experience for users and businesses alike whether it’s protecting global exchanges, securing cryptocurrency assets, etc. so that we can help further encourages the widespread adoption of this great technology to masses. Cloudbric is currently a market leading web application firewall as a service vendor in South Korea and Singapore. We boast multiple awards (SC Magazine, Stevie Awards, Info Security PG, more), are industry-certified, and have more than 10,000 customers and partners.

Cloudbric ICO
Cloudbric ICO

As we can see on the pic above, Presale #1 and #2 ended, and looks like 5000 ETH in total was raised.