The IOST Network utilizes a proof of believability consensus algorithm to solve the issue of Scalability Dilemma. The PoB consensus ensures that the blockchain offers high transaction throughput without compromising the level of decentralization or security within its ecosystem. IOST's underlying blockchain technology achieves high scalability and high transaction throughput through efficient distributed sharding (EDS), a sharding technique that allows the network to process transactions in parallel.
The user-friendly blockchain also ensures gas-free transactions on its network, making it a far more attractive platform to use than current blockchain technologies such as Ethereum, which suffer from concerns related to high gas fees. Its design makes the decentralized technology accessible and capable of ensuring mass adoption by lowering entry barriers for decentralizing online services.
Since its mainnet launch in 2019, the IOST Network has experienced zero downtime since September 2022. This makes it far more robust and reliable than several more established blockchain networks operating in the cryptocurrency market.