ICO ION CHAIN- BLOCKCHAIN TECHNOLOGY VERSION 2 IN MAKING

awwalcrypto (6)in #cryptocurrency • 6 years ago

What is IonChain ?
IonChain is Utilizing the latest technology to include database networks commonly referred to as fractions, IonChain will bring large-scale and distributed systems that have different scalability advantages. This will allow IonChain to fill the gap in the market and grow with business needs globally. Distributed networks increase IonChain capabilities exponentially and will act to see IONC integrated into common transactions. The Blockchain challenge IonChain will handle is the ability to measure, security and decentralize while maintaining fast-moving services.

How does it work
IonChain's design principles include improving scalability but at the same time ensuring that decentralization and security are paramount. Creating a seamlessly cross-linking to provide a quality user experience (QoE) in an incentive-driven ecosystem is key to IonChain, capable of supporting multiple platforms and providing users with easy-to-use accounts. Our design will enable scalability to align with high security requirements with a decent decentralization level.
The essential core feature of the IonChain network is that it has been designed from scratch with scalability in mind.
Horizontal Scalability - The network runs each node as a super complete node that allows the same level of security against malicious attacks as traditional blockchain.
Networks are easy to use, secure, and enable public participation with the ability to connect weak miners together.

IonChain has created a divide and conquer concept that separates functions into two distinct layers, which act to improve scalability while maintaining an appropriate level of security. Utilizing the elastic sharding layer in the blockchain, smaller fractions will be listed in the layer and as the number of shards increases the ability to process them simultaneously, increasing the system capacity. This network contains a base chain that will confirm all blocked blockchain blocks but will not process any transactions. It will also have a level of difficulty that will deter anyone from returning the transaction because it will not be economically efficient to do. The platform is designed to support additional fractions that will be able to independently process subsets of transactions.

Because the IonChain network is more decentralized than other blockchain systems, the security level is also much higher, with 50% of the hash power allocation held on the base chain. Sharding technology allows the ability to increase capacity depending on how many transactions need to be processed, optimizing time easily. This is useful for:
Allowing the network to scale as needed without sacrificing time or efficiency.
Create a higher level of decentralization than normal blockchain.
Security is made by maintaining 50% of the hash power in the base chain.

Ionchain System:
Smart Contracts - smart contracts will be facilitated through the Ethereum Virtual Machine because 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 in the blockchain. Specific data on smart contracts can be shipped as needed.
Account management is made simple by allowing one account to access all fractions. Users can operate the main account, which contains the user address in the default shard, or through a secondary account that manages all other user addresses in a fraction. The primary account options will primarily be used, then temporarily moved to the address in the second account if necessary, with the remaining balance in the secondary account being transferred back to the primary account.

High Capacity Transactional System

We recreate blockchain without sacrificing decentralization or security. Meet our innovative double-layered blockchain - ION CHAIN.

Double-layer blockchain (ION CHAIN)
ION CHAIN consists of lasting sharding on layer one and basic blockchain to confirm the block from the first layer.

ION CHAIN transshell transactions
Cross-shard transactions are fully supported

Super full node
Some honest nodes can run as super full nodes

Multiple expenditure protection
At least 50% of the hash power is allocated to the blockchain base (root) to prevent multiple expenditure attacks.

PROBLEM
With increasing decentralized blockchain such as Ethereum and Bitcoin, there has been an increase in other distributed ledger technologies. With the volume of electronic transactions growing on a global scale, it is clear that there is a need to increase the number of blockchain-based networks to meet demand. The fact that large blockchains have current problems in handling the high volume of transactions they see is evidence of the need for more platforms to be created.

SOLUTION
Utilizing the latest technology to include database networks commonly referred to as fractions, IonChain will bring large and distributed systems that have different scalability advantages. This will allow IonChain to fill the gap in the market and grow with business needs globally. Distributed networks increase IonChain capabilities exponentially and will act to see IONC integrated into common transactions. The Blockchain challenge IonChain will handle is the ability to measure, security and decentralize while maintaining fast-moving services.

AIM
We recreate blockchain without sacrificing decentralization or security.
Meet our innovative double-layered blockchain - ION CHAIN

Double-layer blockchain (ION CHAIN)

ION CHAIN consists of lasting sharding on layer one and blockchain base to confirm the block from the first layer.
ION CHAIN Trans-shard Transaction Transaction

cross-shard is fully supported
Super-full node

Some honest nodes can run as super-full nodes
Multiple expenditure protection

At least 50% of the hash power is allocated to the blockchain base (root) to prevent multiple expenditure attacks.

TOKEN DETAILS
Token Name: Token ionchain
Heart: IONC
Peron: Ethereum -> Ionchain
Total supply: 1 000 000 000
Softcap: NO SOFTCAP
Hardcap: 1 600 ETH
Sales Token: 07.07 - 14.07
Purchases received: ETH
Price: 1 ETH = 125 000 IONC
Minimum investment: 0.1 ETH
Maximum investment: 1.6 ETH
Minimum participants: 1000 (selected by lottery)
Country: Finland
Whitelist / KYC: yes
Restricted areas: USA, China, Singapore.

Token Distribution

ROADMAP
March 2018 : Starting from the development of Ion Chain.
May 2018 : Token Distribution.
June 2018 : Development
August 2018 : Team expansion
October 2018 : Testnet 0.1.
December 2018 : Smart Contract 0.1.
January 2019 : Testnet 1.0 and 1.0n Smart Contract.
May 2019 : Further Team Expansion.
June 2019 : Company / legal establishment.
Octorber 2019 : Ion Chain Mainnet 1.0.
December 2019 : Ion Chain Core 1.0

ION CHAIN CORE TEAM