IONCHAIN: High-Capacity Transactional System

in blockchain •  6 years ago 

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Ever since its conception; blockchain has presented itself as a revolutionary technological force set out to disrupt and offer an improvement over the old paradigms which govern a vast array of industries. In doing so cryptocurrency; the lifeblood of blockchain technology, has quickly established itself as one of the fastest growing asset classes in our recent history. The opportunities blockchain technology has to offer have not gone unnoticed. This is exemplified by the ever increasing number of established- and emerging companies employing blockchain technology, as well as government bodies that are exploring its implementation on a global scale.
While the tech savvy and attentive venture capitalists have long since discovered the cryptocurrency market, there still are a lot of institutional and retail investors that have yet to enter the market. We see governments, banks, and corporations implementing block chain pilot projects, while independent users and investors are actively entering the crypto currency market. Because of this, Ionchain can be able to support different platforms and providing users to use account with ease.

IONCHAIN
IonChain is an innovative blockchain which meets the global standard and provides a secure, scalable and decentralized technology which guarantees security through collaborative and permissionless mining.

VISION
Ability to scale : These are challenges which blockchain create with the help of ionchain they will help to solve these problem of ability to scale without compromising on time or efficiency
Security : Security has been the major problem in the blockchain in handling high volume of transactions thereby there is need for more platforms like ionchain to be created to handle this challenges
Decentralization: To maintaining a fast-moving service and provide higher level of decentralization than a normal blockchain.

IONCHAIN NETWORK
The IonChain Network is a highly sophisticated network solution which maximizes network simulations within shards. There are 10 minor blockchains which operate in the IonChain network system with a base blockchain target of 100s duration and target block durations of 10s. This allows the overall system to operate at a level 10x above any single shard which creates even mining

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FEATURES OF IONCHAIN NETWORK
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.

IONCHAIN NETWORK SYSTEM
Smart Contracts – smart contracts will be facilitated through Ethereum Virtual Machine as it is currently the most widely used.
On and off Chain Transactions – off chain transactions are accommodated for times when transactions must access information that is not on the blockchain. Smart contract specific data can be sharded as required.
Account management is made simple by allowing one account to be able to access all shards. Users can operate a primary account, which contains the user address in a default shard, or through a secondary account which manages all other addresses of the user in a shard. The primary account option will be mainly used, then only temporarily moved to an address in a second account if required, with any remaining balance in the secondary account being moved back to the primary account.

TYPES OF TRANSACTION ON IONCHAIN NETWORK
Execution of smart contracts in specific shards
Transfer of tokens from one address to another

TOKEN
IONC tokens are the unit of exchange between IonChain participants, providing a secure payment method, It will use the IONC token, which is digitally cryptographically secured and designed as the primary token for the network. IONC will issue in the beginning as ERC-20 standard compliant digital tokens on Ethereum, which will then be migrated to the IonChain blockchain.

TOKEN DETAILS
Token Name: ionchain token

Symbol: IONC

Platform: Ethereum -> ionchain

Total Number of Tokens: 1 billion

Softcap: No

Hardcap: 1600 ETH

Accepted Payment Methods : ETH

Price: 1 ETH = 125 000 IONC

Minimum Investment 0.1 ETH

Maximum Investment: 1.6 ETH

Country: Finland

Whitelist / KYC: Required

Restricted areas: USA, China, Singapore

TOKEN DISTRIBUTION

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ROADMAP

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TEAM

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For more information, please visit:

Website : https://ionchain.io/

Whitepaper : http://ionchain.io/whitepaper.pdf

ANN Thread : https://bitcointalk.org/index.php?topic=3641957

Facebook : https://www.facebook.com/chainion/

Twitter : https://twitter.com/ion_chain

Reddit : https://www.reddit.com/user/ionchain/

Telegram : https://t.me/joinchat/Iw9TNUWZmVt_8CAuW_dc9Q

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Author: Seunola
MyBitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1925064

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Quite right!