Creating cross shared transactions seamlessly to give user quality of experience (QoE) within an ecosystem that is incentive driven is key to IonChain, being able to support different platforms and providing users with an easy to use account.
With the increase of decentralized blockchains such as Ethereum and Bitcoin comes an increase in other distributed ledger technologies. With the volume of electronic transactions growing at a global scale, it is clear that there is a need to increase the number of blockchain based networks to keep up with demand.
IonChain offers an innovative blockchain which meets the global standard and provides a secure, scalable and decentralized technology which guarantees security through collaborative and permissionless mining. Security of transactions are ensured by our theoretic framework that means over 50% of total hash power is sent to the base chain which acts to prevent any double spending.
Cross transactions can also be issued on the platform and confirmed within minutes, with the number of cross transactions increasing the response time. IonChain will operate a smart contract network which will be backed up by the Ethereum Virtual Machine.
The principles of IonChain’s design including increasing scalability but at the same time making sure that decentralization and security are paramount. Creating cross shared transactions seamlessly to give user quality of experience (QoE) within an ecosystem that is incentive driven is key to IonChain, being able to support different platforms and providing users with an easy to use account.
Our design will allow for scalability to be in line across the requirements of maintaining high security with a good level of decentralization.This allows for a confidence that any one user will not try to attack the system because it would be costly and economically inefficient to do so through fork mining. Of the two aspects, the confirmation would be the most computationally intensive of the tasks.
This is beneficial for:
Allowing the network to scale as needed without compromising on time or efficiency.
Creating a higher level of decentralization than a normal blockchain.
Security is created by maintaining 50% of the hash power in the bas e chain.
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.
IonChain Token (IONC Token)
IonChain 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.
IONC tokens are the unit of exchange between IonChain participants, providing a secure payment method. IONC cannot be construed as a shareholding in IonChain or in any aspect of its affiliates, the overall enterprise of the IonChain undertaking.
Game and financial tech industries will be a key focus with the IONC token providing a solid and trustworthy exchange medium. IONC will therefore be a value carrier and transactional currency, with the ability to continuously grow as positive word of mouth spreads.
Token name: ionchain token
Foundation: Ethereum -> ionchain
Total supply: 1 000 000 000
Softcap: NO SOFTCAP
Hardcap: 1600 ETH
Payment accepted: ETH
Price: 1 ETH = 125 000 IONC
Minimum investment: 0.1 ETH
Maximum investment: 1.6 ETH
Maximum number of participants: 1000 (randomly selected)
Whitelist / KYC: Yes
Restricted areas: United States, China, Singapore
Whitelisting: 27.06.2018 - 04.07.2018
Public sale: 07.07.2018 - 14.07.2018 | Price: 1 ETH = 125 000 IONC
Website : https://bitcointalk.org/index.php?topic=3641957
Whitepaper : http://ionchain.io/whitepaper.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=3641957
Bounty Thread : https://bitcointalk.org/index.php?topic=4547460.0
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
Username bitcointalk:Tuare agett
Link profile Bitcointalk:https://bitcointalk.org/index.php?action=profile;u=2019154
Ethereum Wallet Address:0x9C4c2c9295b64eE261567a31C9f22E2Db069f181