About IonChain
Blockchain has advanced since its inception, from the first generation which Bitcoin created, to the
second generation which included Ethereum and their smart contracts, allowing blockchain to
perform cash like transaction and financial instruments such as bonds and loans. Currently Ethereum
has 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. The fact that major blockchains have a present problem in handling the high volume of
transactions that they are seeing is proof of the need for more platforms to be created.
The Layers of Value Transfers in IONChain
- Application Layer
- Service Layer
- Protocol Layer
- Smart Contract Layer
- Blockchain Layer
- Data Storage
What is IONChain?
It is a venture that was begun in 2018. Indeed, it was begun toward the start of this current year and it has had so much exertion and innovation that it has pulled in the consideration of a few private speculators around the globe to make this task something significant. 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.
The Coin appeared as an ERC20 Token, IONChain is a proof of stake based (IOT) where unbelievable contracts, bolster information and DAPPS can be made because of well inconceivable natural system, the predominant piece of this will help enlarge the progression and support if the IOT coordinate and blockchain advancement and IOT will influence together because of the extent of information that should be spilled, trnasferred and moored.
Setbacks of IoT (Internet of things)
IoT simply means Internet Of Things, which explains an era where devices can connect with other various devices. This technology is gradually having wide range of space for new application related to the Internet to emerge.
In as much as IOT is seen to be an extension of the Internet by allowing devices communicate and exchange values, IOT still posses some level of setbacks that makes its performance not efficient. Such setbacks can be solved by the merging of IoT to blockchain technology.
USEFULNESS OF IONChain
Well it is an endeavor made a beeline for the beginning of this present year 2018 which hopes to improve a than at later typical framework for new movements, interconnecting from TVs to cell phones as long as they have completed the IoT headway each and every one of them (which it won't be long in happening with every single one of the contraptions that we know)
Advantages and dangers of IONChain:
An incredible advantage of this is all gadgets with IoT executed in their product are associated similarly, working in the equivalent blockchain so the procedures can be considerably quicker and the information trade will be more successful. Another uplifting news that I am certain you will love, is that other than this electrical gadgets will function as a sort of diggers since they help the handling of a similar framework, (for example, the ionization procedure) and relying upon a few variables will be compensated all with IONC tokens.
The team
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ionchain2018
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