In just one month of its launch, IOST, an “application-friendly next-generation public blockchain network,” has reportedly processed more transactions than Ethereum (ETH) on 6 April, as per a press release shared by the IOST network.
IOST is touted to be the first platform to launch an “application-ready mainnet” featuring “multiple live” decentralized applications (dApps). In just weeks since its launch, the IOST mainnet has received much traction and has grown in leaps and bounds in terms of developers, partners, and users.
A proof of its emergence is that the IOST network processing 580,231 transactions on 6 April, while the world’s largest blockchain-based platform for deploying decentralized applications (dApps), Ethereum processed 558,272 transactions on the same day.
Apart from the feat of surpassing Ethereum in terms of the transaction, the IOST network has achieved quite a few milestones, which reportedly are: –
Notably, these figures illustrated a rate of growth that outleaps the growth rate of even the lead blockchain projects during their initial months post-mainnet.
Just this week, IOST’s management team partnered with Ehang, a Chinese developer of autonomous or self-driving vehicles. The collaboration will see the development of a “flight data analytics” software platform for the Civil Aviation Administration of China (CAAC). Blockchain technology has been implemented to construct the project’s software modules as they are required to provide “secure and reliable data” and also to “prevent tampering by third parties.”
The release further notes that IOST is targetted to allow “decentralized application developers [to] overcome some of the most challenging problems with mass adoption.”
Read more:What is Masternode Cryptocurrency and what are the benefits of using it
Image Source – IOST Medium
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