IceChain - Scalable blockchain
Introduction
Hi dears, another interesting project is being started. To be fast and concise, it is a digital medium of exchange. And the next question would be ICECHAIN. What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly.
All this racket of cryptomoney has been increasing exponentially, however, most people know nothing about how blockchain technology works, what a smart contract is and how it could be used. For this very reason, I will first of all carefully introduce this type of block chain technology.
Maybe you often ask people or yourself what online business means. In this article describes the meaning of online business which is currently being talked about a lot. Whether you are successful or unsuccessful to run an online business. Some people who are just learning the internet are still confused and ask "How can the internet do business". This is very reasonable because the development of the internet in our country may be a bit late and may be very alien to those who are currently new to the online world.
Introducing IceChain
2008 made a big contribution to the cyber community. The scope is not about traditional internet services and other cyberspace platforms but about new technologies. Blockchain technology has been a huge success in all the benefits that already exist.
However, one feature that is lacking is the ability to carry out concurrent transactions without delay. These and a number of other underlying reasons have become reasons why technology has not been adopted. For this purpose, IceChain interferes with the current scenario and is determined to make the blockchain the right place.
2008 made a big contribution to the cyber community. The scope is not about traditional internet services and other cyberspace platforms but about new technologies. Blockchain technology has been a huge success in all the benefits that already exist.
However, one feature that is lacking is the ability to carry out concurrent transactions without delay. These and a number of other underlying reasons have become reasons why technology has not been adopted. For this purpose, IceChain interferes with the current scenario and is determined to make the blockchain the right place.
Support for Multiple Transactions
If you have transacted with cryptocurrency and already have contact with blockchain technology, you must realize that the platform is not completely free of hitches. At present, there are continuing delays in transactions and this requires platforms that want to make the system faster.
IceChain might be better than other feasible solutions and some quotes would be enough to put trust in the statement. Often, there are comparisons between crypto coins and fiat currencies and payment solutions such as VISA. The reason is because blockchain transactions are quite slow.
The solution pioneered by IceChain features popular fraction technology. This allows multiple transactions to be carried out simultaneously. When compared to Bitcoin, it is very clear that IceChain will be able to support concurrent transactions and still have the ability to scale everything in real-time.
Shard TechnologyThe reason behind the IceChain fraction technology is to be a viable choice for the Bitcoin (PoW) work algorithm. The idea here is that transactions that have hitherto been delayed on another blockchain because longer time taken to store information in blocks now will be facilitated by shard technology that does not need a ledger to store data.
Power and Cost Reduction
Other weaknesses that are solved are the level of hash power and transaction costs. In other chain networks, many hash strengths are often needed to process transactions and there are also costs that must be considered.
On IceChain, costs may even be released (depending on the transaction) and events using a lot of power may not be there because the transaction is in progress without delay. Therefore, you will not need to have extra power to complete the transaction that is left behind. He also has the ability to do 100,000 transactions every second.
Technology
As part of its mission to the blockchain which is decentralized and faster, IceChain has a double layer that allows high throughput. There is also security against double spending as well as the smart contract will be supported by Ethereum Virtual Machine.
Chain Network
IceChain operates a double chain. The first is the head chain which will be a model for decentralizing the system. It has the ability to achieve a 100% hash power level and when this is the case, the platform will then be patterned as its own blockchain. There are around 10 small blockchain that will help the main chain in its operations.
Solutions for Double Spending
It is important to note that multiple expenditure attacks are possible on other platforms because there is a clear centralization of the power of the hash. This allows the miner to form pools and obtain hash strength which in turn is used in multiple spending attacks on the system.
On IceChain, there is direct decentralization that distributes 50% of the hash power across the network. This ensures that no one has a monopoly to take over the system because it has more hash power in its ownership.
Token specifications
- Ticker: Platform ME
- PLATFORM : Ethereum
- Token Standard: ERC-20
- Token Type: Utilitas Token
Perfect Blockchain
From the previous solution, there is no doubt that IceChain might be the perfect model of what the blockchain should be. For example, there is decentralization and complete securities that will prevent multiple spending attacks.
In addition, transaction costs will be reduced simply because the system can conduct transactions in real-time and quickly too. Interestingly, IceChain has future prospects because various platforms such as IoT, Retailers and financial platforms will find it useful; thus leading to faster adoption.
Maybe just this, the reviews I made in terms of helping and telling everyone to, participate in the ICO or Bounty campaign they run today.
If there is any shortage in this review information, please forgive me for your inconvenience in reading or searching for Information, but do not worry I have provided a link you can visit, to find out more about the ICECHAIN project, and surely you will get reliable Information from the team as well as the Founder of the ICECHAIN project.
All information in great detail you can find on the website of the project ICECHAIN we are also links to all social networks of the project, through which you can receive in detail and in time news and observe the process of development and establishment of the platform.
For More Information:
WEBSITE : https://icechain.io/
BITCOINTALK THREAD : https://bitcointalk.org/index.php?topic=5057035
WHITEPAPER : https://icechain.io/icechhain_whitepaper_v0.1.pdf
FACEBOOK : https://www.facebook.com/theicechain
TWITTER : https://twitter.com/theicechain
TELEGRAM : https://t.me/theicechain
STEEMIT: https://steemit.com/@icechain
author:Chubylaw
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