IOST
$0.04968 -12.04%
IOST · 2d

Iost the best crypto with 10x potential

Once identified as a transitory phenomenon, the digital currency looks like it inevitably will lead the world out of the current financial system and into the next. As countries around the world crank up their printing presses, central banks are experimenting with digital currency to enable the construction of a new system of finance to allow fast, inexpensive transactions without intermediaries, such a Mastercard or Visa. It has been reported that the majority of central banks are likely to issue their own Central Bank Digital Currency (CBDC) in the next 6 years. In particular, the Central Bank of China has launched and begun testing its Digital Currency Electronic Payment (DCEP) system in the cities of Shenzhen, Suzhou, Chengdu and Xunan. Four state-owned banks will be involved in the issuing of this digital asset: Agricultural Bank of China, Industrial and Commercial Bank of China, Bank of China, and China Construction Bank.

This is a far cry from just two years ago, where cryptocurrencies were described by one US Senator (Brad Sherman) as a “crock”, who went on to say “it allowed a few dozen men to sit in their pajamas on the couch all day and tell their wives they’re going to be millionaires,” and cryptocurrencies “help terrorists, criminals, and tax evaders”. Or, Warren Buffet’s likening of cryptocurrencies to “rat poison”. The COVID 19 pandemic has changed the world forever and accelerated the necessity of a new system. Digital and Cryptocurrency in 2020 have been firmly cemented in the consciousness of the world population, and one thing is for sure, the financial world will never be the same again.

With the adoption of CBDC by world banks, it is expected that leading crypto and blockchain protocols will benefit from their introduction, none more so than the Internet of Service Token (IOST). IOST is a highly scalable, smart contract blockchain network and ecosystem with a full array of systems for the new financial world. It encompasses eas...

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