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Singapore-based Moonstake has annouced it has formally joined an alliance with the IOST blockchain network.

Through this partnership, Moonstake will collaborate with the IOST development team to enable staking functionality for IOST coin on its wallets.

Moonstake has developed user-friendly wallets for both Web Wallet and Mobile Wallet (iOS/Android) that are compatible with over 2000 cryptocurrencies. The Moonstake’s staking community can earn staking rewards from all the high-demand PoS coins on the market including Cosmos, IRIS, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs, and soon, IOST.

Meanwhile, IOST is an enterprise-level blockchain network developed for online service providers. It utilises a breakthrough consensus algorithm called ‘Proof of Believability’ (PoB) that allows high transaction throughput speeds while all the nodes stay compliant.