IonChain to fill the gap that has been presented in the market and grow with the need of businesses globally. The distributable network increases IonChain’s abilities exponentially and will act to see the IONC integrated into common transactions. Blockchain challenges which IonChain will address is the ability to scale, security and decentralization while maintaining a fast-moving service.
All risks should be carefully evaluated and considered by you prior to purchasing any IONC. All statements made by IonChain, its employees or affiliates, are considered to be forward looking statements and should not be relied on for any accuracy in the present. In relation to the purchase of IONC there will be a separate terms and conditions and token purchase agreement which will be provided separately and will set out all the facts which should be relied upon relating to the purchase of IONC. You understand that there are a wide variety of factors which could impact risk, including but not limited to change within the IonChain development team or regulatory factors outside the control of IonChain.
IonChain Techonlogy
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.
Features of IonChain Networks
An important core feature of the IonChain network is that it has been designed from the outset with scalability in mind.
Horizontal Scalability – The network runs each node as a super full node which allows the same level of security against malicious attacks as traditional blockchains.
The network is easy to use, safe, and allows for public participation with the ability to link weak miners together.
This is the trully of the features :
Sharding
Sharding is the partitioning of data from a large database into smaller databases. This is the most common way in which centralized systems reach their scalability needs. For example, Ethereum supports cross-shard transactions and has been noted as integrating sharding for their scalability needs. One complication which arises for existing blockchains is the ability to integrate sharding if it was not planned for at the outset. Challenges that surround sharding include cross sharding transactions, scalability issues and security issues such as single shard takeovers. Since the user’s account would need to have multiple accounts to keep up with the sharding for the purpose of completing a transaction.
Scalability
This type of network requires at least two transactions – one to complete the payment channel and one to destroy it. The lightning network is not good for use in all purposes, being made for a group of users to create repeated transactions between them. A random user trying to reach a sporadic target would be ineffective in a lightning network. Lightning channels will also track their transactions which creates a transparency concern, since they are tracked in the channels instead of the main blockchain. Third party sites such as PayPal are often required as well, with these type of off-chain solutions relying on such help. The number of centralized payment methods are at an alltime high, which creates uncertainty as to whether adding more would be helpful.
Decentralization
The ability to decentralize trading and storage creates an ability to reduce necessary expenses which allows normal people to be able to leverage the technology the same as a large company would. It also gives the blockchain the security which it is known for. It is being reconsidered from a practical perspective however, with many mining pools forming for a POW based blockchain which allows even the weakest miner to collect a proportional share of block reward in the same timely manner as larger miners, instead of waiting to collect block rewards. This type of mining people helps centralization which in turn creates a risk to the decentralized POW blockchain.
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.
IONC Token Distribution
IonChain Roadmap
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