The crypto industry may be a boys’ club, but that shouldn’t stop women from knocking down the door.
That’s according to Samantha Wang, a successful entrepreneur and co-founder of IOST[1], an enterprise-grade blockchain infrastructure for online services.
In an interview with CoinJournal, Wang spoke about what the platform is aiming to achieve, her experiences navigating the crypto space as a woman, getting asked out on dates to crypto millionaires’ yachts, and how nation’s WeChat is connecting women in the industry.
Introduced to Bitcoin in 2013 by school friends Jimmy Zhong and Ray Xiao, Wang was able to make some minor investments, enabling her to pay off her tuition fees. However, at the time she admits she didn’t realise the true potential of the blockchain[2] or cryptocurrency.
Graduating with a focus in radio and TV journalism, she then went on to develop her passion for storytelling as a journalist in Hong Kong. She later reconnected with Zhong and Xiao to co-found IOST, which launched in January 2018.
According to Wang, she decided to help co-found IOST because she believes the world has yet to see a blockchain platform scalable enough to handle real-world adoption. The blockchain, she says, has great potential, but it won’t be possible to demonstrate this until fundamental issues are fixed.
“Ethereum, for instance, has low transactions per second (about 15), and it supports only the most basic functionality,” Samantha adds. “dApps on Ethereum are slow, with long wait times for transactions.”
IOST, however, is aiming to change this by becoming the underlying architecture for the future of online service providers worldwide. Wang goes on to state that its Proof-of-Believability (PoB) consensus algorithm improves upon Proof-of-Stake (PoS), yielding 7,000 to 8,000 transactions per second.
“[This] is 500 times faster than Ethereum, without
