Evolution of the Blockchain Network in terms it Scalability as well its Security with the use of IONCHAIN

The Evolution of the Blockchain technology has been one of the most innovative breakthrough that has occurred in our time and its the invention that follows the Internet. In the early days, the older blockchain models included the Bitcoin which had a decentralised nature and there came a second model called the blockchain 2.0 which includes the ethereum and its smart contracts that enables the use of blockchain for financial transactions as well as automated operations.
Regardless of all the evolution that's taking place in the blockchain network, it cannot be used feasibly for most of our daily processes due to issues that pertains to its consensus algorithm, and this made users face numerous issues pertaining to scalability, transaction speed, security, energy consumed and so on.
This is where a platform Ionchain comes to action and aims to tackle most of the issues that plague the network and aid it to achieve a maximum security and scalability.

What is IonChain?

This is a platform that as designed to increase the scalability while maintaining the security and decentralization of the existing blockchain network and makes sure that there isn't any delays or the clogging in the processing and verification of transactions.
IonChain will be able to tackle the menace of the high transactions fees due to the clogging of the network and this will be of a very great benefit to the users who utilize the platform.
Another feature of the platform is it doesn't use a lot of energy in the process of generating and validation of blocks thereby making transactions speed to be very fast and speedy while it maintains a maximum security. The ionchain network runs on a super node that permits this high level of security.

Benefits of the IONCHAIN

• With the improved scalability, there will be an improvement in the transaction speed as well as the security.
• With the increased decentralized nature of the ionchain, it will have a very reinforced security.
• The use of smart contracts will allow the faster automated carrying out of transactions and services with the use of the ETHEREUM Virtual Machine
• It gives the chance for weak Miners to take part in the network and gives them rewards for it and doesn't segregate between them and the big Miners.

IonChain tokens and ICO details

All the transactions that takes place on the platform is done with the cryptocurrency called the IONC tokens and this token is an ERC20 token based on the ethereum blockchain network. There is an initial coin offering that is taking place for the sale of the IONC tokens and its being sold at the rate of 1 IONC to 0.0000066 ETH in the pre-ICO and its sold in the main ICO at the rate of 1 IONC to 0.000008 ETH. The project has no softcap and has a hard cap of about 1,600 ETH. The only accepted form of Currency used to buy in the ICO is just ethereum (ETH). The tokensale will take place from 07/07/18 to 14/07/2018

Conclusion

Thus, this ionchain system was developed to tackle the issues that affect the performance and Scalability of the current blockchain and its accompanying smart contracts.
With this, it will give users a very transparent and decentralized means of making a very hasty transaction.

For more information, please visit

Website: https://bitcointalk.org/index.php?topic=3641957
Whitepaper: http://ionchain.io/whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3641957
Facebook: https://www.facebook.com/chainion/
Twitter: https://twitter.com/ion_chain
Reddits: https://www.reddit.com/user/ionchain/
Telegram: https://t.me/joinchat/Iw9TNUWZmVt_8CAuW_dc9Q

Author - hamzeto
https://bitcointalk.org/index.php?action=profile;u=1189991