IONChain Project Evaluation
Ion Chain - an innovative two-layer block for increased number of transactions. This is a new platform that relates to the second generation of blockbuster based on Ethereum and smart contracts. It provides ideal conditions for security and decentralization. But, unlike the previous Bitcoin blockbuster, there are possible transactions similar to cash transactions, and bonds and loans can be used - traditional financial instruments.
A big breakthrough in the development of the crypto industry was the technology of blockade with "proof of the bet," in contrast to "proof of work". It involves smaller hash powers and the reward for the transaction block is distributed evenly between all the holders of the tokens. At the same time, energy costs for mining decrease, which is a very positive feature in the current energy crisis. These changes have allowed the idea of Ion Chain to come to life, because this platform operates in an area where growth is still proceeding in a geometric progression.
Project Objectives
Ion Chain plans to fill the gap in the industry, providing scalability of distributed systems. With the help of this platform, the needs of companies that have a huge number of transactions will be realized. And the project itself will grow with such firms. Using the latest technologies, such as the database of databases - shard - Ion Chain will become an important part of large-scale and distributed systems. These systems increase platform capabilities eskpotentsialno and allow it to integrate into normal transactions.
With the help of Ion Chain, several blocking problems will be solved:
scalability;
decentralization;
security;
increase the dynamism of the service.
New developments and advantages of the Ion Chain project
The platform is designed in such a way that scalability is enhanced and decentralization and security are not lost. Cross-transactions are created that guarantee the users of the platform the quality of the perception of the ecosystem, based on encouragement. This is the key with which you can support different platforms from your account. Design Ion Chain allows you to maintain scalability without losing security and a high level of decentralization.
Innovative technologies of the project
In the available technology of the block, there are two basic functions: each block in the chain has a register, where the current state is reflected, and the confirmation needed to authenticate transactions from the registry and then mining the blocks to achieve the required level of complexity. (POW - proof of work).
With a higher level of decentralization, the Ion Chain platform and network (http://ionchain.io/) has a higher level of security, while 50% of the hash capacity is located on the backbone. Thanks to the technology of shading, the throughput of the chain is increased. The platform allows you to increase the number of transactions, depending on their number. Because of which:
The network is scaled as needed, without wasting unnecessary time and efficiency.
Compared to conventional blockboys, Ion Chain has a higher level of decentralization.
Due to the fact that 50% of the hash power is stored in the backbone, security is ensured.
The Ion Chain network performs the following operations:
smart contracts, which are supported by the Virtual Machine Ethtreum, as the most common for today;
offsheyn-transactions, which are carried out when it is necessary to obtain information from third-party sources (not from the block-book).
The platform will have 2 accounts - primary and secondary. The main one will be used constantly, the second - from time to time as necessary. The funds will be returned to the main after use.
The Ion Chain network can be used with mobile gadgets, supports the platform and decentralized applications. As the project develops, local tools for Android will be offered. Viable projects that will be created and launched by developers will be widely used here.
With the help of the network, businessmen will be able to increase the effectiveness of their own authentication, with the help of a blocker, closing the possibility of counterfeiting products. The Ion Chain platform will provide a high volume of transactions with a small commission. The fact that in case of transactions the block is used, it will reduce the cost of transferring funds from account to account, and, thanks to smart contracts, will enable to automatically collect any data. Such technologies will be used on the Internet of things that will attract new users to the Ion Chain platform.
ICO Ion Chain
Ticker: IONC
IONC = 0.000008 ETH
The Ion Chain Utility token is IONC. It will first be made on the standard ERC20 of the Etherium, and in time will move to Ion Chain. Token will be the unit of exchange between network members. It will be applied in the gaming and financial and technical industries. As it spreads, this coin will become the bearer of value and currency for transactions.
Collection of funds for the ICO will be held from July 7 to July 14.
Hard Cap: 1 600 ETH.
The already started bounty campaign allocated 10 million IONC tokens.
Distribution of tokens
Private sale - 35%
Reward to the team - 10%
Public sale - 20%
Maineram - 30%
Bounty campaign - 5%
Bonus members bounty:
Subscription campaign - 20%
Translation campaign - 20%
Campaign in blogs - 20%
Twitter Campaign - 20%
Facebook campaign - 20%
The project team
Chong Wang - Founder, specialist in scaling and performance systems.
Ding Yong is a research fellow.
Kian Lim is a software engineer.
Xiaoli Wu - a specialist in blockade.
Mika Coyo is a marketing manager.
Elina Noiisyainen is the chief software engineer.
Information
Website: http://ionchain.io/
Whitepaper: http://ionchain.io/whitepaper.pdf
Telegram: https://t.me/joinchat/Iw9TNUWZmVt_8CAuW_dc9Q
Twitter: https://twitter.com/ion_chain
Facebook: https://www.facebook.com/chainion
ANN: https://bitcointalk.org/index.php?topic=3641957.0
The author of the article: https://bitcointalk.org/index.php?action=profile;u=1688466