The iost news today is a cryptocurrency that was recently launched on the IOST blockchain. This currency is called JPYA and it has been created to be used as an international currency, or for trading goods and services internationally.
- JPYA will be launched on the IOST blockchain.
- HUSD is one of the world’s most valuable stablecoins in terms of market capitalization.
- IOST is a blockchain that is user-friendly, secure, and gas-efficient.
JPYA, a stablecoin pegged to the value of the Japanese Yen, will be launched on IOST, a decentralized, high-performance smart contract platform. The Platinum Egg team — IOST Node Partner and Game Developer – revealed this.
As a result, JPYA, which is set at 1:1 to the Japanese Yen, may be used to buy Bitcoin (BTC), Ether (ETH), and IOST.
The introduction of JPYA is also the latest result of a long-term collaboration between IOST and the platinum Egg team. The Platinum Egg Team, a seasoned blockchain game and service developer in Japan, is most known for their extremely popular CrossLink game, which has over 170,000 downloads, and its IOST-powered NFT platform, TokenLink.
JPYA isn’t the first stablecoin to be released on IOST this year. HUSD has been merged by IOST and is one of the world’s biggest stablecoins by market cap.
We have seen a steady increase in the price of cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) over the last several years, but they are too volatile to be called an effective method of payment. JPYA intends to utilize it as a prepaid payment method.
JPYA is notable for being based on IOST, which is practically free of transaction costs. One of the objectives of the IOST platform, which can be utilized perfectly for the tiniest of payments, is to promote the usage of JPYA as a stablecoin.
To build their dApps, IOST is the user-friendly, secure, and gas-efficient blockchain. IOST is the favored option for developers because of its functionality.
According to the IOST creators, the blockchain platform IOST is extremely scalable, and it employs the proof-of-believability consensus method. IOST can operate decentralized apps, and many thousand transactions may happen in a second. IOST is made up of the words Internet-of-Service (IOS) and Token (T).
IOST’s primary aim is to provide technical services, supply advisors, and give blockchain training.
IOST will now function as a developer-friendly smart contract platform for the introduction of stablecoins. IOS is virtually free, making it an excellent choice for small-scale transactions.
“With a major uptick in interest in IOST in the Japanese market, launching a Japanese Yen stablecoin optimized for fast and cheap transactions is a crucial step to whet investors’ appetite for IOST, especially institutional investors’ appetite for IOST and user more growth in our ecosystem,” said Jimmy Zhong, co-founder and CEO of IOST. “The IOST team wants to lead the development of blockchain and crypto in the Asia market, and burst in worldwide expansion this year,” he said.
Platinums Eggs’ Founder and CEO, Nariya Takemura, said,
“We will contribute to the growth of the blockchain sector in Japan in the future by creating and supplying technologies like smart contracts that JPYA can use.”
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The iost crypto is a stablecoin that has been launched on the IOST blockchain.
Frequently Asked Questions
Is IOST a stable coin?
IOST is a cryptocurrency that is not backed by any country or government. It is instead supported by the community of people who use it and its underlying blockchain technology.
Is IOST crypto a good investment?
What is great about the IOST Blockchain?
The IOST blockchain is a public, distributed ledger that provides an infrastructure for the new generation of decentralized applications.