ICECHAIN DETAILED REVIEW

in icechain •  6 years ago 

IceChain-logo.webp
The recent momentum the crypto world is gathering and its popularity as conventional means of transacting,means of payment and its general positive impact to the ecosystem is huge with alot of adoption, the urgent and unique crave for Digital exchange and unique trading platform with exceptional features and intuitive features cannot be overemphasized.
This development will empower individuals to adopt and raise their love for crypto because there is a trusted and secured medium of trade which protects their interests and provides guidance. All the urgent need has led to the establishment of a three in one platform with an objective of empowering adopters and the entire Cryptocurrency enthusiasts. This platform through its blueprint and structures has great and standard features which makes provision for adequate trading instruments along side updates and creates an ecosystem which will allow them to execute a large number of activities compared to the first blockchain..

Thousands of digital assets had been curated after Bitcoin and more are still coming. IceChain is one of such but this time, the tide is meant to turn against current limitations of the blockchain technology.

The project on ground wants to make transactions faster and make use of less power for that. To this end, there is set to be ease of transactions on decentralized platforms.
ICECHAIN INCULCATION
The design principles which form the basis of the lceChain network are that the platform is able to scale as needed while not compromising on any level of security and without costing users more in transaction fee. Security, scalability and decentralization are at the core of the lceChain model. Cross shard transactions will be able to be created in a seamless manner which will give a high level of quality within the experience to users. All this, on an ecosystem that will be driven by incentives and able to support a wide variety of alternative platforms to provide users the ability to use one account for all their transactions. Security will be maintained at the same high level regardless of how large the platform scales.

IceChain is a high-throughput transactional system with unlimited linear scalability using sharding and double-layer blockchain. IceChain is using next-generation distributed ledger technology which takes blockchain to the next level, IceChain aims to bring a solution to the current problem of scalability which traditional blockchain based networks are having. We can do this by using IceChain's double chain setup, sharding and hash power distribution. IceChain will handle over 100,000 transactions per second across any industry, from finance, electronics, electricity, telecommunications, food, autonomous vehicles, and real estate to name a few. This will save costs and provide the highest level of transparency.

If security issues are prioritized through a decentralized ledger, vulnerabilities on the
transactional platform can be secured and eliminated. In order to keep every node in
sync, a peer to peer blockchain has the requirement of needing to be updated
regularly. In a proof of work based blockchain there will be 51% of the total hash power
needed for completion f the double spend or in order to reverse any transaction. To
create an attack like this requires the platform to be less decentralized than what is
possible in the lceChain network.
IceChain is a double-layer blockchain
Horizontal scalability using clusters of nodes.
Supports smart contracts via EVM
Protected by distribution of the hash power.
Food-tech, Retailers, Financial Services, Logistics, IoT
Using sharding, scalability and double-layer blockchain

TOKEN SPECIFICATION

Ticker: ICH

Platform: Ethereum

Token Standard: ERC-20

Token Type: Utility Token

ICO

Start: Nov 01, 2018 (20:00 UTC)

ICO RATE: 1 ETH = 16 700 ICH

End: Nov 15, 2018 (20:00 UTC)

MAXIMUM WHITELISTED PARTICIPANTS

(LOTTERY WINNERS) : 999

DISTRIBUTION OF TOKENS

40% Private sale

25% Mining, Research, and Development

20% Public sale

10% Team

5% Bounty, rewards

IceChain Roadmap

December 2017: Current blockchains analysis

January 2018: Scalability problem research

March 2018: IceChain development

May 2018: Draft programming tasks

August 2018: Whitepaper release

September 2018: Private sale

October 2018: Token distribution

January 2019: Testnet v0.1

April 2019: Testnet v1.0 (with smart contract support)

June 2019: IceChain Alliance

July 2019: Making the source code public

August 2019: Mainnet v1.0

October 2019: Wallet release

December 2019: Android/iOS app release

For more information kindly access the links below:

Website: https://icechain.io

Whitepaper: https://icechain.io/icechhain_whitepaper_v0.1.pdf

Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5057035

Twitter: https://twitter.com/theicechain

Telegram: https://t.me/theicechain

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

Steemit: https://steemit.com/@icechain

Linkedin: https://www.linkedin.com/company/iceblockchain/

Author: Dulo Wegner

Btt profile:
https://bitcointalk.org/index.php?action=profile;u=1196236;sa=account

Eth Address:
0x216CB84Fea07eB219c27AE40d7049Fd627344aBC

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