IOST verifies transactions by applying “Proof-of-Believability” (PoB). This is a form of staking with 2 groups and separates all of the IOS nodes into 2 leagues: believable and normal. First of all, nodes from the believable league quickly process transactions. After that, the normal nodes validate samples of the transactions and provide verifiability.
The likelihood of a node being selected for the believable league is based on its believability score which is comprised of the token balance, reviews, and community contributions among other things.
The purpose of the normal nodes is to ensure that the believable nodes are acting honestly. If a normal node catches a believable node acting dishonestly, that believable node will lose all of its tokens and its believability score will return to zero.
Interested to buy IOST? Check the Market Now: https://www.bitkub.com/market/IOST
For questions and inquiries, please feel free to contact us.
BITKUB ONLINE Co., Ltd.
Contact us: Bitkub Support
Telephone: +66 2-032-9555