The future of cryptocurrencies and global technology

rogaze (42)in #crypto • 5 years ago (edited)

Hi Steemit colleagues, today I invite you to be part of this great contest organized by @originalworks and sponsored by IONChain on this occasion, I hope you are interested in my entry to the contest and are encouraged to comment on this wonderful system of new network that will undoubtedly be commonly known worldwide in a few years.

What is IONChain:

It is a project that was started in 2018. Yes, it was started at the beginning of this year and it has had so much effort and originality that it has attracted the attention of several private investors around the world to make this project something big.

It is happening in creating a technological biome where all the devices work as equals, that is to say, that all work under the same network facilitating and simplifying many current processes.

IONChain, what name is that ?

The name comes from the theory of ionization of the Swedish physicist of the year 1887 known as Arrhenius which talks about ions as the basis of the union of all molecules in the universe, that's why we say that IONChain is that it performs the ionization process for get a reaction together of all the devices, which would be the molecules in this case.

Benefits and risks of IONChain:

A great benefit of all this is that all devices with IoT implemented in their software are connected in the same way, working in the same blockchain so the processes can be much faster and the data exchange will be more effective.

Another very good news that I am sure you will love, is that besides all this electrical devices will be working as a kind of miners because they help the processing of the same system (such as the ionization process) and depending on several factors will be rewarded all with IONC tokens.

Now I will talk about a disadvantage that could involve this project, since all devices with IoT working within a single biome this becomes a gold mine for hackers. Although its security is totally assured and demonstrated as one never knows when something can happen. A hack It could lead to the loss of some data or even the IONC token.

With what devices will the IONChain network work?

As IONChain is not limited at all with respect to the type of device, having IoT in your software will already be within the IONChain network, can be devices such as a microwave, an air conditioner, a computer, a cell phone, etc. ..

IONC Token and security:

Each device will work as a miner because it will contrib constantly uencing your calculator power through the algorithm ionization which will be rewarded to each person depending on the operation that has the equipment, among other factors that influence the distribution of the token. Each team will have its own link in which the IONC will be transferred and will work as a purse.

On the other hand, safety is paramount for the IONChain team because it needs to be a totally reliable and quality project so that it grows as it is wanted, a revolutionary idea poorly implemented is useless. In my opinion I can not wait for devices with IoT technology to go on the market to navigate the IONChain network, I know that this will change the world.

IONChain team and future expectations:

IONChain started by reason of a series of previous experiences that each of the men behind the project have experienced and experienced, at the beginning of the year they started with this project without any profit.

It all started in Singapore, the place where the people behind the project saw the future for the first time, now have headquarters between Singapore and Shanghai. This project is so fresh and innovative that it has several important private investors such as LD Capital, Node Capital, Hashlink Capital and IBC Blockchain Capital and it is expected that by 2020, around 1289.9 Billion USD will have been invested, in addition to this It is also expected that the implementation of IoT in smart equipment will increase by 30 billion for the same date.