IOS Token – What does the future hold for this token?

The IOS token is one of the youngest crypto currencies on the market and still belongs to the top 50 coins. The coin has nothing to do with Apple’s mobile devices. Instead, IOS is to become the blockchain for the „Internet of Services“ and at the same time offer an increased degree of scalability and privacy.

IOS Token – A new crypto currency for the Bitcoin trader?

„Internet of Services“ is related to the „Internet of Things“. It is about the fact that all imaginable devices are constantly connected and communicate with each other through the Internet. I OS is supposed to be the blockchain for services and digital goods. Therefore, the goal of development is to create a Bitcoin trader platform that makes it easy for Bitcoin trader developers to create new applications.

Many blockchains use „nodes“ that perform important infrastructural tasks. In IOS, devices belonging to the Internet of Things can also act as nodes. Such devices include data processing computers, drones, data storage devices, terminal devices. „First class nodes, however, refer to nodes that are primarily designed to keep the network running. However, even the normal nodes can contribute to transactions being carried out. Each node has its own ID and users of the platform also have their own account. This account contains all personal information, including their digital assets.

HUDS is one of the features of the crypto currency. HUDS works similar to web hosting and allows users to store their own data and distribute it across multiple nodes. This allows a large number of different services to be operated on IOS, such as the company’s own sales portals.

Instead of using the common algorithms „Proof-of-Work“ and „Proof-of-Stake“, IOS uses the „Proof-of-Believability“. These algorithms verify new transactions and make it possible to send coins. PoB is a further development of PoS, in which the credibility of the nodes is the deciding factor when it comes to determining the next block of the block chain. The nodes are selected randomly, so that every operator of one of these nodes gets the chance to participate in this consensus mechanism. Mining is completely eliminated with the PoB.

IOS Token – Who is behind the Ethereum code?

Efficient Distributed Sharding“, or EDS for short, is one of the technologies that helps the blockchain with scalability like this EDS is a network on which the blockchain is based. Transactions can be carried out via this network, which means that they do not place any additional load on the blockchain. Here, the data is distributed to different Ethereum code devices. The blockchain should not get any problems with the scalability. „Atomix“ helps to split the data automatically. „Micro State Blocks“ is another useful technology. These blocks are created at regular intervals so that participants in the PoB process who have been temporarily disconnected from the network can quickly re-enter the network. The result is a reduction in operating costs for all participants.

Behind the development is a well grown team of software developers with a lot of experience with crypto currencies. Terrence Wang studied distributed systems at the University of Chicago, Minnesota and Princeton. He developed CoinLang, a primary language for Bitcoin. Jimmy Zhong was one of the first users and miners of Bitcoin and Ethereum. He holds a degree in Computer Science and Mathematics from Emory University.

Kelvin Tan studied computer science at Tsinghua University, is the CTO of EtherCap, and holds gold medals from the National Olympiad in Informatics and ACM/ICPC Regionals. This is only a small part of the team, many others of the members have several startups or other financial projects behind them.

Among the investors and partners are the crypto exchange Huobi, ZhenFund, Sequoia, ChainFunder, Banyan Capital, Metropolis VC, INBlockchain and AlphaCoin Fund.

Crypto currencies mines – digging digital currencies

You’ve probably come across the term crypto currency mines in the hustle and bustle of Bitcoin and the like. This is a way to support the crypto currencies and at the same time build up a passive income.

Basically it’s like printing money, but it’s private, legal and you only need a computer and an internet connection. But how exactly does it work? What do you need and when is it worth it? Blockchain-Hero enlightens you!

How can you mine crypto currencies with the help of

All you need to mine crypto currencies is the right hardware. You can use a PC that is already in your living room or create your own mining rig. The miners call the computers that have only the most necessary hardware for mining and have been specially manufactured for this purpose Rig.

The computer or rig synchronizes itself with the blockchain of the crypto currency and helps to create new blocks. If he is successful, he receives as a reward a few coins of the respective crypto currency, which are sent to a wallet. This is only possible if the computer or the rig is always online. Once the whole setup has been created, the mining is done passively and you only have to make sure that everything runs smoothly.

What should be considered the Bitcoin revolution with the crypto currencies mines?

The high acquisition costs have to be considered for crypto currencies mines. Mining requires powerful Bitcoin revolution hardware. Mostly it is about the graphics card or the ASIC processors. It should also be paid attention to which of these two the crypto currency actually needs. Apart from these one-time costs, mining consumes a lot of electricity.

Therefore a Mining Calculator should be consulted. This can give information about how high the profit is and whether the electricity costs are covered at all with mining. Thanks to the high electricity costs, especially here in Germany, the investment in the hardware usually only pays for itself after many months. If the costs for a single person are too high, one should think about cloud mining or the mining pool.

„Bitcoin is worth nothing and is not supported“

Bitcoin has been criticised repeatedly since it was founded in 2009. „The government doesn’t support Bitcoin“ and „Bitcoin only has value because people think it has value“ are opinions you hear all the time. John Crudele of the New York Post is also one of those cynics who reiterates these theses.

In 2014, Crudele published an article criticizing MIT students who wanted to hand out $100 worth of Bitcoin to every student on campus. Now he criticized again – on July 5, 2018 he published an article in which he again condemned Bitcoin and highlighted his recent crash below $7,000:

Criticism of BitcoinProfit and the Blockchain

Bitcoin’s price rose to over $6,600 yesterday, but it was well below $6,000 last week. Even at $6,600, Bitcoin is still worth 70 percent less than at the beginning of the year. I use the term ‚value‘ with caution because Bitcoin is really worth nothing as Bitcoin Profit it is not supported by anything or anyone. It’s a trust game that only has value because people convince other people that it’s worth something.

That he was wrong with his article in 2014, he did not go into that. Because Bitcoin is still worth about 13 times more than 2014 (then about 500 USD).

The students who wanted to give $100 in Bitcoin to fellow students on campus raised $500,000 for the project. In December 2017, when Bitcoin reached its all-time high of $20,000, their $500,000 in Bitcoin would have been worth about $20 million.


Not supported
„It is not supported by anything or anyone“ is another thesis of Crudele. However, such a statement shows that the blockchain technology was not understood. Against this thesis, one can also use Miner, which supports the network of a currency.

In addition to Bitcoin Code

In addition, Bitcoin is designed to ensure that nobody – no banks, credit card companies or governments – has control over the currency. Bitcoin is a pure peer-to-peer currency. This is exactly what makes Bitcoin and other crypto currencies so interesting and revolutionary.

Bitcoin has no „value
Value possesses a good – including fiat currencies (USD, Euro), gold and even Bitcoin – only if people attribute a value to it. Trust is the real currency and that can be lost – even with traditional currencies.

Since Crudele criticised Bitcoin in 2014, many companies and governments have introduced or experimented with blockchain technology. Conversely, this means, according to his logic, that at least the Bitcoin or Ethereum blockchain has a value for people.

Alibaba CEO: Bitcoin is probably a bubble

Jack Ma, the Chinese businessman with net assets of $42 billion, told Forbes in an interview that Bitcoin was probably a bubble. His statements come at a time when his own financial services company, Ant Financial, was launching its own blockchain-based money transfers.

Alibaba’s Jack Ma launches Blockchain-based money transfer service
Alibaba, a multinational technology group led by 53-year-old Jack Ma, has given access to Blockchain through its online payment subsidiary Ant Financial – formerly known as Ali Pay.

„Blockchain technology could change our world more than people imagine. But Bitcoin could be a bubble,“ Jack Ma told reporters, adding that „traditional financial institutions serve 20 percent of people and make 80 percent of profits. New financial institutions should serve 80 percent of the people and generate 20 percent of the profits.

At the moment, there is some uncertainty in the market as the Bitcoin price has recently taken a beating. The claim that Bitcoin is a bubble has been voiced several times over the years despite a clear long-term upward trend.


Michael Hartnett, Chief Investment Strategist at Bank of America Merrill Lynch, recently wrote in a note to investors that Bitcoin was one of the „biggest bubbles in history“ and burst after its peak in December.

Similar patterns years earlier

The crypto currency hype at the end of 2017 led to the highest market capitalization to date of over $800 billion at the beginning of 2018. Driven by market enthusiasm and the hype about Bitcoin futures being quoted on the world’s largest exchanges, Bitcoin reached an all-time high of nearly $20,000. As Blockchain Week New York City did not trigger any new bullish momentum, the downward pressure remains.

However, this does not necessarily signal the bursting of a bubble. A similar pattern could be found at the end of 2013, when Bitcoin’s price collapsed extremely. After BTC reached $1,000 in 2013, the price dropped to $200 due to the famous Mt Gox hack. It took nearly three years to reach that level again.

Outlook of the World Blockchain Summit – Infrastructure growing
Yesterday we were at the World Blockchain Summit in Frankfurt and could collect some interesting insights from the industry. While Bitcoin is called a bubble, the infrastructure around crypto currencies continues to grow continuously. The topic Bitcoin, Ethereum and Blockchain is known as never before. I personally found the statement of Prof. Dr. Philipp Sandner, head of the Frankfurt School Blockchain Centers, quite exciting. He said that Bitcoin is unique, because until now one had always been able to invest in companies and through Bitcoin and other crypto currencies it is possible for the first time to invest in a technology.