IceChain is a fast and secure cryptocurrency protocol that uses a double blockchain protocol for high-speed transactions.
Website: https://icechain.io/
Whitepaper: https://icechain.io/icechhain_whitepaper_v0.1.pdf
PROBLEM
At the end of 2017, blockchain transactions often required confirmation within hours and even days. Some users spent $ 20 to confirm one transaction in the bitcoin blockchain.
Currently, the blockchain infrastructure is not scalable and, since the number of transactions exceeds the allowable limit, queues are created, which leads to an increase in waiting time, spending resources on performing transactions during peak periods and inconvenience for platform users.
Decision
The standards of the structure that define lceChain technology are that the blockchain can scale as needed, without negotiating at any level of security and not spending customer funds more on costs.
Why decentralization?
Thanks to decentralized exchange and high bandwidth, costs and costs are reduced, allowing ordinary people to use innovation as a business.
Decentralization also creates security for the individual chain, which is inseparable at a decent stage of a blockchain. At that moment, when small mining pools are joined together to create large bullets, the corresponding prizes for square bids can be delighted with any miners, while at the same time highlighting what a large mountain pool will take. Centralization benefits from this blockchain structure, which is dangerous for decentralized evidence of a constructive unit that can be presented.
BENEFITS OF ICECHAIN
Today we can see a large number of cryptos and their distinctive blockchains. However, they fall and have limitations on the amount and rate of exchange. IceChain will cause a violation of the usual lock.
IceChain decided to provide versatility without compromising security. Neglecting the usual block gives adaptability, and this forces people to abandon outdated innovations and embrace IceChain. This gives a faster and higher pile of exchanges at a lower price with the highest level of security. The ultimate goal is to give a consistent and brilliant understanding of the exchange, IceChain uses cross-shard innovation. Shards autonomously process a variety of exchange subsets that are supported on the scene. The IceChain Network has a head chain that claims squares in the chain without preparing exchanges. In addition, it is very difficult to return these exchanges.
Icechain uses double chains, single chain and different chains. At that moment, when the hash rate of a single chain (the head chain) reaches 100%, at this moment the various chains reposition to form a single chain of unlimited size. Moreover, when the hash control moves to reach 0%, at this moment each of the circuits runs freely.
Reasons IceChain supports multiple transactions
The general population that knows about blockchain is digital currency and is exchanged. They are most likely aware of obstruction of exchange fees and confirmation delays. In the case of increased system activity, the exchange delay is additionally increased. Indeed, even we have blockchain 2.0, exchanges require additional time, comparable to existing standard concentrated payment packages, for example, VISA.
IceChain relies on a sensible agreement with stunning innovations. Sharding allows the blockchain to become more versatile, in accordance with this allows you to achieve a large number of exchanges in private time. Icechain can process 100,000 transactions per second (TPS).
Sharding
Sharding is performed to scale a block; here a large database is divided into several small databases. Because of Sharding, there is no valid reason to store information in a record, therefore, it saves you the time required to store data in squares to complete the exchange. Thus, it turns out that a more practical scheme contrasts with the proof of the idea of work.
Power and Cost Proficient
In the standard hash function of a conventional block, exchange processing is required, which finally extends the cost of the exchange. With the ultimate goal of making it expert, Icechain distributes half the hash control on the head chain, and the inclusion of stunning innovations increases the exchange limit. In this way, Icechain will process more exchanges faster, easier and with less power.
Confidence in doubling costs
Normal blockchains are more defenceless against double attacks on traffic, taking into account concentrated hash control. Icechain disperses half the hash control on the head chain. This makes the system completely decentralized, which makes it difficult to carry out double spending.
ICO Information
Token Name: IceChain Token
Symbol: ICH
Platform: Ethereum Blockchain
Type: ERC-20
Total Emission: 1,000,000,000 ICH
Price for ICO: 1ETH = 16700 ICH
Minimum deposit: 0.1ETH
Accepted Currency: ETH
Conclusion
Icechain will provide reasonable measures to ensure that normal locking is incapable. Innovation Icechain Sharding makes it more versatile without protecting it from safety. Therefore, it can work with a large volume of exchanges faster and with a low load. Icechain can be effectively implemented in IoT, industry, retail, coordination, budget administrations and in different territories. It is noteworthy that Icechain is fully protected from double raids. This is an exceptionally favourable venture to participate.
For more information, click the link below:
Website: https://icechain.io/
Whitepaper: https://icechain.io/icechhain_whitepaper_v0.1.pdf
AAN : https://bitcointalk.org/index.php?topic=5057035
Facebook: https://www.facebook.com/theicechain
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Author:
Anddyy
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