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Convert
Pound sterling (GBP) to IOST (IOST) Instantly

GBP GBP
IOST IOST
Buy IOST (IOST)

Purchase IOST (IOST) with Pound sterling (GBP) 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 GBP 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's the best way to buy IOST with British Pounds (GBP)?

    The most common method is using a UK-regulated cryptocurrency exchange that lists the IOST token. For your fiat on-ramp, UK bank transfers via the Faster Payments Service (FPS) are often fast and low-cost. Some platforms also accept debit/credit card purchases in Pound Sterling, though fees may be higher. Always ensure the exchange has good liquidity for the GBP/IOST pair to minimize slippage on your digital asset purchase.

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

    While IOST's Proof-of-Believability (PoB) primarily affects on-chain performance, it indirectly benefits GBP buyers. PoB is designed for ultra-high TPS (Transactions Per Second), meaning once your IOST is purchased, transferring it to a personal digital wallet is extremely fast. This efficiency is a core feature of its scalable blockchain architecture, and its gas-free model ensures you won't face unpredictable network fees when moving your IOST assets.

  • Are there specific KYC/AML requirements for purchasing IOST with GBP?

    Yes, any reputable cryptocurrency exchange facilitating GBP to IOST transactions will require you to complete Know Your Customer (KYC) and Anti-Money Laundering (AML) verification. This is a standard compliance procedure, often mandated by bodies like the Financial Conduct Authority (FCA) in the UK. The process typically involves submitting a government-issued ID and proof of address to enable Pound Sterling deposits and secure your trading account.

  • What should I know about IOST's resource model (iGAS/iRAM) after buying with Pound Sterling?

    After acquiring IOST with Pound Sterling, if you plan to interact with its dApp ecosystem, understanding the iGAS and iRAM resource model is crucial. Unlike traditional gas fees, IOST uses a system where holding and staking IOST generates iGAS (for transaction processing). You also pledge IOST for iRAM (for data storage). This gas-free model is a core feature of the Internet of Services Token, making on-chain actions more predictable.

  • How can I find a secure platform with a liquid GBP/IOST order book?

    To find a secure trading platform, prioritize exchanges registered with the UK's FCA that offer robust security like two-factor authentication (2FA) and cold storage. To assess liquidity for the GBP/IOST order book, look for platforms with high 24-hour trading volume and a tight bid-ask spread for the pair. This indicates a healthy market where your buy orders for the digital asset can be filled efficiently.
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