Thursday February 25, 2021
Bitcoin (BTC) $49,790.00   Ether (ETH) $1,593.29
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Blockchain Assets

IOST and ProDeFi mark the next stage in the decentralized finance space with a new collaboration

Published by CryptoNinjas.net
07/24/2020
IOST and ProDeFi mark the next stage in the decentralized finance space with a new collaboration

IOST , a leading ultra-fast, decentralized blockchain network based on the next-generation consensus algorithm “Proof of Believability” (PoB) and ProDeFi — a decentralized financial network — are coming together in a collaboration that will see both platforms benefit from expanded technical support and resources.

The combination of IOST — a global top 100 token listed on Binance with ProDeFi’s hybrid financing solutions is one that will add another layer to the decentralized global economy. IOST and ProDeFi have features and aspects that complement each other, and this partnership is the next logical step in opening up classical finance to blockchain benefits, while also enabling broader access to IOST’s high-speed blockchain network.

The IOST platform emerged as a response to the scalability problem which it aims to tackle once and for all. To that effect, it implements an array of technologies, including the Proof-of-Believability algorithm, and Micro State Blocks technology, all of which are supposed to offer higher TPS rates of up to 8000 transactions per second.

IOST is its own fully-development blockchain ecosystem with its own over 400 global nodes, multiple wallets, and unique consensus protocol. Speed is the name of the game for IOST, a blockchain dedicated to being “ultra-fast” with a peak value for TPS of 8000 through a combination of unique technologies such as Proof of Believability (POB).

Based on its original PoB consensus mechanism and the layer2 expansion scheme, IOST obtains horizontal expansion and high throughput, providing value creation for third-party developers, content creators, and enterprises. IOST is more decentralized than the DPoS based EOS and more scalable than Ethereum smart contracts platform.

With the IOST platform, its developers want to create and offer a transparent and permissionless system built on the open-source principle.

“This partnership between ProDefi and IOST aims to connect the IOST Dapp ecosystem with off-chain real-world financial services in a secure, trustworthy and timely manner. IOST and ProDefi shall mutually benefit each other with community expansion, product development, technical support and marketing resources. The two aim to jointly create a decentralized world with blockchain mass adoption becoming a new norm, by enhancing cooperation in the integration of blockchains and traditional financial solutions.”
— Terrence Wang, Cofounder of IOST

ProDefi will facilitate cross-chain transactions across one or more protocols within the IOST network, making it easier for users of both chains to send and receive money globally.

The collaboration between ProDefi and IOST comes as part of a worldwide endeavor that has IOST trying to build the “world’s first scalable AND decentralized blockchain project.” ProDefi’s semi-centralized approach, where lending risk is offset via classical mechanisms such as KYC procedures, credit risk bureaus, and traditional judicial processes, will open up traditional P2P lending markets to the benefits of the IOST ecosystem while enabling lenders to benefit more from the same amount of capital, thanks to products using under-collateralization or even no collateral at all.

“We look forward to continuing to build the future of the ProDefi protocol together with the IOST community and our partners towards a new global model of decentralization,” said James Hong, ProDeFi Co-Founder.

The combination of DeFi and CeFi exposure for the broader IOST ecosystem will drive adoption to native solutions on our blockchain, thanks to the protocol-agnostic liquidity pools and access to more traditional financial services that will address a much larger userbase than the current DeFi niche.

ProDefi’s integration into the broader IOST platform will make for the provision of services which involve larger customer bases as well as expand the provision of online services, while relieving the users from the grip of existing monopolies and financial systems.

About ProDeFi

ProDeFi is a next-generation open ecosystem that supports the integration of existing and future financial solutions through the combination of the best elements of decentralized finance with measured regulatory control, ProDeFi is bridging DeFi and traditional finance with a semi-decentralized approach to constructing solutions, leveraging on the transparency and security of decentralized architectures. A decentralized network of oracles deployed across various protocols will power the transmission of information and data between the ProDeFi Chain and other blockchains, leveraging on our liquidity pool smart contracts as a micro-ledger. With support from our partners, both in the blockchain industry and traditional financial markets, ProDeFi plans to spearhead the transition to a fully decentralized ecosystem, while keeping solutions realistic and applicable during the process.

Website: https://prodefi.io/

About IOST

Supported by Sequoia, Matrix, ZhenFund and other world-class investors, IOST is a blockchain platform developed for online service providers, empowered by its unique, next-generation Proof of Believability consensus.

The IOST project team is currently mainly composed of R&D personnel focusing on blockchain distributed technology. The team is formed by more than 50 blockchain industry experts who have graduated from world top universities such as Princeton, Stanford, MIT, Tsinghua University, and Beijing University, and have more than three years of blockchain-related research experience.

With a one-year-old mainnet, IOST has swiftly risen to become a world-leading public chain renowned for its numerous government collaborations and enterprise partnerships around the world. IOST is one of the Big Four public chains with a rich user base and real applicability alongside Ethereum, EOS, and TRON. 500,000 community members, over 20 countries worldwide, and over 400 nodes, top staking economy, and growing.

If you would like to hang out with the IOST community on chat, social media or to discuss product development, see below:

  • International English Telegram Group: https://t.me/officialios
  • IOST Announcement Channel: https://t.me/iost_announcements
  • IOST Official Twitter: https://twitter.com/IOST_Official
  • IOST CTO Terry Wang Twitter: https://twitter.com/terrence_iost
  • IOST CEO Jimmy Zhong Twitter: https://twitter.com/jimmyzhong_iost
  • Slack Developer Community: https://invite.iost.io
  • Uptrennd: https://www.uptrennd.com/iost
  • Reddit: https://www.reddit.com/r/IOStoken
  • Facebook Page: https://www.facebook.com/IOSTofficial/
  • Facebook Group: http://bit.ly/IOST-FB-Group

…………………………………………………….

 

 

6
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Huobi lists 75x margined IOST/USDT swap
Token Offerings/Listings

Huobi lists 75x margined IOST/USDT swap

01/20/2021
IOST joins forces with Chinese government to foster blockchain adoption
Blockchain Technology

Japanese political party adopts smart contract based voting from IOST

06/23/2020
IOST joins forces with Chinese government to foster blockchain adoption
Vendor Technology

IOST joins forces with Chinese government to foster blockchain adoption

06/23/2020
IOST Blockchain-as-a-service (BaaS) platform now available
Vendor Technology

IOST Blockchain-as-a-service (BaaS) platform now available

03/17/2020
ROAD to assist IOST in developing Internet of Vehicles (IoV) blockchain apps
Vendor Technology

ROAD to assist IOST in developing Internet of Vehicles (IoV) blockchain apps

02/14/2020
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
ZelaaPayAE deploys Pundi X's merchant crypto payment solutions for UAE

ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

02/24/2021
Bitcoin ATM company Lamassu unveils brand new operator admin system

Bitcoin ATM company Lamassu unveils brand new operator admin system

02/23/2021
Tendermint invests in Tgrade to bolster Cosmos' growing DeFi ecosystem

Tendermint invests in Tgrade to bolster Cosmos’ growing DeFi ecosystem

02/24/2021
DeFi fund manager yAxis launches v2 to make earning interest on crypto more accessible

DeFi fund manager yAxis launches v2 to make earning interest on crypto more accessible

02/22/2021
Crypto exchange technology platform HollaEx gets upgraded suite

Crypto exchange technology platform HollaEx gets upgraded suite

02/18/2021
Coinbase files registration statement for proposed public stock listing 

Coinbase files registration statement for proposed public stock listing 

02/25/2021
Lido teams with Unslashed to cover $200M worth of staked ether against slashing risks

Lido teams with Unslashed to cover $200M worth of staked ether against slashing risks

02/25/2021
Boson Protocol partners with Crucible to enable brands and games reward users with real-world items

Boson Protocol partners with Crucible to enable brands and games to reward users with real-world items

02/25/2021
Anchorage raises $80M Series C, led by GIC, Singapore's sovereign wealth fund

Anchorage raises $80M Series C, led by GIC, Singapore’s sovereign wealth fund

02/25/2021
Trezor Partners with GRAY to Launch New Luxury Crypto Hardware Wallet

GRAY expands crypto hardware wallet line, introduces the CORAZON Aluminum

02/25/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version