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Convert
Brazilian Real (BRL) to IOST (IOST) Instantly

BRL BRL
IOST IOST
Buy IOST (IOST)

Purchase IOST (IOST) with Brazilian Real (BRL) easily at Switchere and benefit from fast, secure transactions.

About
IOST (IOST)

IOST (Internet of Services Token) is an enterprise-grade blockchain platform designed to provide a highly scalable, secure, and decentralized network for the development of dApps. It directly addresses the blockchain trilemma by aiming for high throughput without sacrificing security or decentralization. The project stands out as a robust Web3 infrastructure, offering a developer-friendly environment capable of supporting service-oriented ecosystems. Its architecture is built to handle the high transaction volumes required by large-scale commercial applications, positioning it as a significant digital asset for enterprise solutions.

The core of IOST's innovation is its unique consensus mechanism, Proof-of-Believability (PoB). This algorithm operates alongside other proprietary technologies like Efficient Distributed Sharding (EDS) and Micro State Blocks (MSB) to achieve impressive transactions per second (TPS). PoB selects validators based on a believability score, which considers factors like token balance and reputation, ensuring network efficiency and cryptographic security. The native IOST utility token is essential for the ecosystem, used for paying gas fees, staking to contribute to the consensus mechanism, and participating in on-chain governance. This integrated tokenomics model incentivizes network participation and secures the distributed ledger.

IOST (IOST)

How to Buy IOST (IOST)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose BRL to IOST Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your IOST Wallet Address

    Provide your IOST wallet address and proceed with the payment.

  3. 03

    Receive Your IOST

    Complete the payment, and your IOST will be sent to your wallet.

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Frequently asked questions

  • What is the BRL/IOST trading pair and its significance in the market?

    The BRL/IOST pair represents the direct exchange rate between the Brazilian Real (BRL) and the IOST token. Its significance lies in providing a direct fiat on-ramp for Brazilian users into the IOST ecosystem. This allows for purchasing a digital asset designed for high scalability through its Proof of Believability (PoB) consensus mechanism and Efficient Distributed Sharding (EDS) technology, without first needing to buy Bitcoin or Ethereum as an intermediary.

  • What are the common payment methods to buy IOST with Brazilian Real (BRL)?

    To purchase IOST with BRL, users on a cryptocurrency exchange typically use local Brazilian payment systems. The most prevalent methods include Pix for instant transfers, TED (Transferência Eletrônica Disponível) for same-day bank transfers, and sometimes Boleto Bancário. Using these fiat gateways requires completing KYC/AML (Know Your Customer/Anti-Money Laundering) verification on the trading platform.

  • How does IOST's Proof of Believability (PoB) consensus impact transactions?

    Proof of Believability (PoB) is IOST's unique consensus mechanism that combines aspects of PoS and a reputation-based system. It selects a small group of validators (Servi nodes) based on their token balance and reputation score. This design allows for extremely high transaction throughput (TPS), making blockchain transactions on the IOST network fast and cheap. For a user, this means lower network fees and quicker confirmations when moving IOST assets.

  • Are there specific risks or fees to watch for when converting BRL to IOST?

    Yes. Beyond standard market volatility, consider three types of fees. First, BRL deposit fees, which vary by method (Pix is often cheaper than TED). Second, the cryptocurrency exchange's trading fee, typically a percentage of the trade value. Third, the IOST withdrawal fee, which is a network fee for transferring the digital asset from the exchange to your secure digital wallet. Always review the exchange's fee schedule before transacting.

  • What is the role of Servi Nodes in the IOST dApp ecosystem?

    Servi Nodes are the block-producing nodes within IOST's Proof of Believability (PoB) consensus. They are chosen based on their staked IOST and reputation, which is gained by contributing to the community. Their function is to validate transactions and produce new blocks, ensuring the security and operational integrity of the entire enterprise-grade blockchain. This makes the IOST dApp ecosystem efficient and reliable for developers and users.
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