Good morning to all, I hope you are having an excellent weekend because today you will do even better talking about a project called IONChain which will allow us to have all the devices interconnected within an IoT network giving us much more speed, security, ease and of course win some new crypto currency :D
Contest by
@originalworks.
Sponsored by IONChain
Well it is a project started at the beginning of this year 2018 which aims to create a new and improved ecosystem for new technologies, interconnecting from televisions to cell phones as long as they have implemented the IoT technology each one of them (which it will not be long in happening with all the devices that we know)
For the team behind the project has been totally ingenious in devising this magnificent work of art, but even in the name they fixed it well and made it something magnificent because it is inspired by an ionization theory of the year 1887, the scientist was known like Arrhenius a Swedish physicist which explains in his theory that, like atoms and molecules, ions are also primordial for the balance of everything. With this explanation we can understand that IONChain will be the ions of all our devices.
Well, besides being a wonderful idea, many important private investors such as LD Capital, Node Capital, Hashlink Capital and IBC Blockchain Capital, etc. It is expected that by 2020 there will be more than 1289.9 billion dollars invested in IoT technology, and an increase of 30 billion devices with this integrated system is expected for the same date. A few quite promising figures in my opinion.
The purpose is simple but not easy to achieve, it consists of 4 fundamental principles which include security and speed when processing, exchanging or transmitting data. Each device will be automatically evaluated to determine its value and thus win IONC tokens, this depending on several factors that I will explain later. For now I explain the 4 principles of the IONChain team to achieve its mission:
data security
data circulation
share data
data transactions
This system is aided by the cloud, where the heaviest data or computer tasks are processed while the lighter jobs are performed individually on each device.
In IONChain they want to implement a main concept which is a device, a code, a currency. With this they refer to the device as the IoT , the currency is of course the crypto and the code is a personal code that each one possesses which they can use as a wallet at the same time within the IONChain network .
Each device will work like a miner which will be mining IONC tokens constantly because it will always be providing its calculating power to help the ionization of the system, that's where the rewards will come from. It has a consensus system that considers the function of the devices, the quality of the data and the amount in the calculation of their contribution to determine how many tokens will be given as a reward.
ionchain2018
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