About IonChain

Blockchain has advanced since its inception, from the first generation which Bitcoin created, to the
second generation which included Ethereum and their smart contracts, allowing blockchain to
perform cash like transaction and financial instruments such as bonds and loans. Currently Ethereum
has a value of $65 billion. Currently, the blockchain technology has moved to ‘proof of stake’ which
is a step up from other currently ran but longer held technologies which run ‘proof of work’. A
benefit to the new system is that there is less hash power needed and allows for block rewards to be
assigned to token holders proportionately. This acts to significantly reduce the energy needed to
mine, which makes it more economically efficient. This type of innovation building on top of the last
generation has allowed for ideas such as IonChain to not only come to fruition but retain a level of
dominance in the industry due to being early movers in an industry which is still seeing exponential
growth. The fact that major blockchains have a present problem in handling the high volume of
transactions that they are seeing is proof of the need for more platforms to be created.

Features

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.
Current blockchain technology has two different basic functions in every block within a chain – the
ledger, including the state of the current ledger, and the confirmation, which is required to confirm
the transaction from a ledger and then mine blocks to reach desired difficulty levels (proof of work
or POW).

Technical Info

- Allowing the network to scale as needed without compromising on time or efficiency.
- Creating a higher level of decentralization than a normal blockchain.
- Security is created by maintaining 50% of the hash power in the base chain.
- 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.

IonChain Roadmap

 

  • August 2018

  • Team expansion

  • October 2018

  • Testnet 0.1

  • December 2018

  • Smart Contract 0.1

  • January 2019

  • Testnet 1.0 and Smart Contract 1.0n

  • May 2019

  • Further Team Expansion

  • Octorber 2019

  • Ion Chain Mainnet 1.0

  • December 2019

  • Ion Chain Core 1.0
Read Less