IONCHAIN: A REVOLUTIONIZED AND ADVANCED BLOCKCHAIN SYSTEM WITH IMPROVED SCALABILITY

Advancement in technology can't be overemphasized since the inception of time, considering the benefits associated with such innovation. Blockchain technology being the most disruptive of the 21st century has evolved from the early pace setting Bitcoin infrastructure regarded as blockchain 1.0 to more advanced infrastructures proffering more robust features. The improvement from blockchain 1.0 to Ethereum's infrastructure (Blockchain 2.0) was a big plus, but these early blockchain systems had major drawbacks in core features like scalability, cross-chain functionality and other key aspects. There is need for amelioration and the good news is, a revamped blockchain infrastructure has been enacted to curb the shortcomings of earlier systems by name IONCHAIN.

Earlier blockchain infrastructures started off well, but at a point in time experienced lags in speed of transaction due to network clogs with regards traffic, hence there is need for better scalability options. I remember sending BTC to a friend last year and the transaction took over 24 hours to deliver , hence defeating the original claims of cryptocurrency with regards transaction speed.

IONCHAIN which uses a revamped algorithm as against earlier algorithms promises to ameliorate the existing issues posed by existing infrastructures and proffer lasting solution to scalability and distributable systems. Large businesses who could not adopt blockchain technology will see reasons to key in, hence improving adoption and mainstream real life use cases. IONCHAIN will uphold security, transparency ,scalability, speed, decentralization and the IONC will be the official token for the for the Ionchain network. On the Ionchain network, cross shared transactions will be created, and elastic sharding technology will be utilized. Sharding implies partitioning into smaller darabases from a large database.

The IONCHAIN network layers will contain small shards within the layers increasing overall capacity of IONCHAIN network. Each Ionchain shard is regarded as an independent blockchain and Confirmation of sharded blocks will be done by a base chain and this will boost transaction speed. Fifty percent of hash power allocation is apportioned to the base chain and IONCHAIN network showcases the highest level of decentralization and security. It is important to note that, with IONCHAIN blockchain system, horizontal scalability is achievable by the network running each node as a super full node improving security and efficiency. Cross-chain functionality is made possible with IONCHAIN reducing fees and duration of transaction. IONCHAIN network will enable miners to get rewards according to their hash power or mining capacity, unlike some former systems which gives equal block rewards even to the weakest miners. A consensus algorithm run across the base and shard network will ensure protection of transactions in Ionchain system. It will be difficult for hackers to attack the Ionchain system considering the fact that 50% hash power is allocated to the base chain and a requirement for gaining about 51% of the hash power will be a requisite for such act.

KEY OPTIMIZATION SOLUTION BY IONCHAIN NETWORK SYSTEMS
• Facilitation of smart contract will be made possible through Ethereum Virtual Machine.
• Accommodation of on-chain and off-chain transactions on the network.
• Superb account management which enables one account to access all shards.

VITAL USE CASES OF IONCHAIN NETWORK
• DApps building
• Proffering on-site developer tools
• For developing online projects
• Support for medium to large businesses using blockchain technology for transaction and other purposes; for instance big data and anti-counterfeit firms.
• IoT utilization

IONC Token
IONC token is a value carrier and official currency for the IONCHAIN ecosystem. The token standard is ERC-20 built on Ethereum blockchain, but will be swapped to IONC native coin after mainnet launch in future. Token sale is on, visit https://icomarks.com/ico/ionchain or official website http://ionchain.io for details. This project got high due diligence ratings, that's a plus.

TOKEN INFORMATION

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FOR MORE INFORMATION ABOUT IONCHAIN PLEASE VISIT THE FOLLOWING CHANNELS

Website : http://ionchain.io
Whitepaper: http://ionchain.io/whitepaper.pdf
Bitcointalk: https://bitcointalk.org/index.php?topic=3641957.0
Facebook : https://m.facebook.com/chainion
TWITTER : https://twitter.com/ion_chain
Reddit : https://www.reddit.com/user/ionchain/
Steemit: https://steemit.com/@ionchain/

Author Information:

Bitcointalk Username: seblbj

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2022050;sa=summary