Introduction

The blockchain technology was first used to power the bitcoin and since then many have seen the need to explore it rich power in creating real life projects while keeping the normal tradition attribute a company is expected to have.
IONChain is away to pass on respond in due order regarding the present issue of IOT organizes the degree that things can imagine Data dispersal, Data security, Data sharing, and Data Transaction, to move the progression and nature of the IOT natural system. the first generation which Bitcoin created, to thesecond generation which included Ethereum and their smart contracts, allowing blockchain toperform cash like transaction and financial instruments such as bonds and loans. Currently Ethereumhas a value of $65 billion. Currently, the blockchain technology has moved to ‘proof of stake’ which is a step up from other currently ran but longer held technologies which run ‘proof of work’. A
benefit to the new system is that there is less hash power needed and allows for block rewards to be
assigned to token holders proportionately. This acts to significantly reduce the energy needed to
mine, which makes it more economically efficient. This type of innovation building on top of the last
generation has allowed for ideas such as IonChain to not only come to fruition but retain a level of
dominance in the industry due to being early movers in an industry which is still seeing exponential
growth.

Features

The principles of IonChain’s design including increasing scalability but at the same time making sure
that decentralization and security are paramount. Creating cross shared transactions seamlessly to
give user quality of experience (QoE) within an ecosystem that is incentive driven is key to IonChain,
being able to support different platforms and providing users with an easy to use account. Our
design will allow for scalability to be in line across the requirements of maintaining high security with
a good level of decentralization.
Current blockchain technology has two different basic functions in every block within a chain – the
ledger, including the state of the current ledger, and the confirmation, which is required to confirm
the transaction from a ledger and then mine blocks to reach desired difficulty levels (proof of work
or POW).

USEFULNESS OF IONChain

IONChain has taking a great step through it proof of stake Internet of Things ecosystem to address the need for closure with our devices and through which we earn IONC token by providing valuable data as service for needful proposes. I see a great avenue for growth and prosperity when fully in operations. I implore you to do your own research and see a way you can benefit from it. Thank you IONChain2018

IONC Token:

In IONChain they need to execute a noteworthy idea which is a contraption, a code, a cash. With this they intimate the gadget as the IoT , the cash is obviously the crypto and the code is an individual code that every one has which they can use as a wallet in the interim inside the IONChain deal with . Each contraption will work like a digger which will mine IONC tokens dependably in light of the way in which that it will reliably be giving its discovering ability to help the ionization of the structure, that is the place the prizes will begin from.

What is IONChain?

IONChain is an undertaking which began in shanghai and singapore with a get-together of social occasion of makers who have so much experience and have exhausted undertakings, for example, (BAAS)company"diverse Blockchain as an association" and hyperleger in perspective of private hypothesis supports the affiliation didn't require any ICO and furthermore all around observed Blockchain speculation support LD capital, NODE capital, Hashlink capital and so on. It is going on in making a mechanical biome where every one of the gadgets fill in as equivalents, in other words, that all work under a similar system encouraging and disentangling numerous current procedures.

IonChain Roadmap

Technical Info

• Allowing the network to scale as needed without compromising on time or efficiency.
• Creating a higher level of decentralization than a normal blockchain.
• Security is created by maintaining 50% of the hash power in the base chain.
• An important core feature of the IonChain network is that it has been designed from the
  outset with scalability in mind.
• Horizontal Scalability – The network runs each node as a super full node which allows the
  same level of security against malicious attacks as traditional blockchains.
• The network is easy to use, safe, and allows for public participation with the ability to link
  weak miners together.

Particular Architecture

in Ionchain a regard transference and estimation of creation was made which is called IONIZATION. The current allows simply Value transference and estimation of creation in the blockchain, IONIZATION have a tendency to segregate these two with the end goal to better the IOT business.

IONChain IMPACT ON IOT

It very simple to detect. Every IOT devices connected within the IONChain ecosystem that provides valuable data can be able to mine IONC coin. Two connected device cannot get equal mining power as its contribution is jointly determined by the Data Quality Proof Consensus and Time Lapse Proof Consensus. The mined coin can be transferred from peer to peer in turn for monetary value. The coin was initially launched as an ERC20 token, however, there was a consensus by the team that the mainnet should be launched as soon as possible.In the concept of "One device, One code, One coin” the ‘’device” stands for the Internet of Things devices participating in the IONChain ecosystem, "Coin" stands for the cryptocurrency IONC. "Code" is the unique identification code which can also be used as a wallet for these IoT devices inside the IONChain network. It impact will lead to a continuous usage of the IONChain ecosystem.

Application Layer

Application layer is the layer where transfer process is initiated. It actives the communication or network between the different devices and make sure they are ready to participate in data transfer.

RoadMap

Team

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Ionchain 2018