ILCoin is a modern alternative to Bitcoin developed by R&G GmbH, using SHA-256 encryption technology. ILCoin is not dependent on the present banking system. It has its own independent value. There are 2.5 billion ILCoin available. Over 80 000 people use ILCoin; mostly residing in Asian countries such as Vietnam and S. Korea. We are looking to expand this audience greatly.
ILCoin Official Website: https://ilcoincrypto.com/
What makes us different?
In a market saturated with forgotten altcoins, ILCoin is always upgrading its source code with the latest technologies and developments to offer users the newest, most secure version of software possible.
The SHA-256 Smart Contract system is in development and will be released sometime in 2018.
Our Blockchain and Consensus Model
ILCoin Blockchain Explorer: https://ilcoinexplorer.com
Average Block Time: 6 – 15 minutes
ILCoin uses Proof-of-Work consensus, however, we do not open our doors to let anyone mine. Why? By refuting other miners, we eliminate many of the negative aspects of the normal POW model.
- Cost Effective – Our closed mining network is what allows ILCoin to ease off of the processing power if few transactions are being made and to amp it up in times of high traffic. More power means more blocks being processed in less time. Even during times of low traffic, our transaction processing time doesn’t average more than 15 minutes.
- Cost Stability – For that same reason, we do not greedily burn through our mining equipment trying to compete for new blocks and their rewards. Then, take those block rewards and sell them to the highest bidder trying to gain back the money we spent on electricity and equipment maintenance.
- 51% of What? – One of the biggest debilities of Proof-of-Work is considered the 51% attack. If there are no competing miners, there is no one who can corrupt the Blockchain by using more processing power. Developing and maintaining a cryptocurrency requires a huge investment of time and money. By centralizing the mining, there isn’t a distributed consensus, but to falsify any aspect of a block would be to harm ourselves, our coin, and our investment.
- Security – One of the biggest disputes of POW vs. POS involves the security of the cryptocurrency. As mentioned above, without a 51% attack, there isn’t a risk of any entity inserting incorrect information into our data.
- Green POW – As mentioned, we only process transactions with as much mining power as is necessary. This severely lessens our environmental footprint versus other Proof-of-Work communities. We have also been researching the best forms of solar and wind energy for implement in our mining installation and lessen our footprint further.
As you can see, ILCoin uses a Proof-of-Work consensus algorithm but by restricting mining nodes, we make our cryptocurrency secure, cost effective, and stable. In doing so, we are able to take many of the positive aspects of Proof-of-Stake and apply them to our system of forging blocks.
Thanks to the centralized nature of ILCoin mining, developmental work on the blockchain, the wallet and the explorer is a continuous effort kept under tight control. We will be the first blockchain with SHA-256 technology to be able to create Smart Contracts. The ILCoin development team has successfully increased the block size to 200 MB making it possible to execute an almost infinite number of transactions in seconds with virtually no costs or fees. The system is already capable of handling up to 5.9 million transactions per second, and it is compatible with today’s crypto platforms.
ILCoin’s Blockchain is completely anonymous. If you know the wallet address, you can view the transactions. However, if you do not, you cannot simply peruse around and see what transactions and quantities go where.
Our Wallets
ILCoin can be safely stored in wallets built for the cloud, Android, OSX and PC and it can be transferred directly to anyone instantly at virtually no cost - without banks, without chargebacks.
Official ILCoin Web Wallet: https://ilcoinwebwallet.com/
Official ILCoin Android Wallet: https://play.google.com/store/apps/details?id=wallet.ilcoin
Official ILCoin / Bitcoin (BTC) Android Wallet: https://play.google.com/store/apps/details?id=ilcbtc.wallet&hl=en
ILCoin Listings
Bitgup
https://bitgup.com/view_currency/ILC/
Bit Info Charts
https://bitinfocharts.com/ilcoin/
Bitmakler
https://bitmakler.net/ILcoin___kriptovaluta
CoinMarketInfo
https://coinmarketinfo.com/
CoinRanking
https://coinranking.com/coin/ilcoin-ilc
CryptoCoinCharts
https://cryptocoincharts.info/coins/show/ilc
CryptoCompare
https://www.cryptocompare.com/coins/ilc/overview
Cryptonator
https://www.cryptonator.com/rates/ILC-BTC
DataCoinz
https://www.datacoinz.com/coins/ilcoin/price/
Tadaawl
https://cryptocurrency.tadaawl.com/en/coin/ILC
WorldCoinIndex
https://www.worldcoinindex.com/coin/ilcoin
Trading ILCoin
ILCoin is listed and freely traded on:
Coin Exchange.io
https://www.coinexchange.io
C-CEX
https://c-cex.com
Crex24
https://crex24.com/
CrypTrader
https://cryptrader.com/
Graviex
https://graviex.net/
Our History
- 2015 - ILCoin IS BORN:
- ILGAMOS International Ltd. introduces ILCOIN cryptocurrency which was purchased by thousands of people in the first period of time after being issued.
- 2016 Q1 - ILCoin BLOCK EXPLORER:
- Redesign of the ILCOIN Block Explorer. Correction of every entry from BTC to ILC.
- 1.0 Security Upgrade: Implementation of SSH Keys, Firewall, VPN, Public Key Infrastructure and SSL/TLS.
- Encryption, SSL Certificate with 256 bits of encryption.
- Activation of the message verification.
- Creation of the login module.
- 2016 Q3 - UPGRADED ILCoin WEB WALLET:
- Redesign of the Web Wallet, improving wallet security issues; forcing encryption of all wallets.
- Implementation of the option of different fiat currencies in order to know the actual price of ILC.
- Implementation of a dynamic graph in order to know the historical price of ILC.
- Upgrade the security of the site and also added a SSL certificate to assure the connection security.
- New Graph Options.
- Improved Security.
- Upgraded Server Back-End Security.
- 2017 Q1 - ANDROID/IOS ILCoin WALLET:
- Layout Design.
- Encryption of the wallets and mnemonic phrase for recovering the wallet.
- Multi-Address System.
- Implementation of a label and password for every wallet in your device.
- Availability to see the unconfirmed balance.
- QR Code reader for sending ILC and QR Generator for receiving ILC.
- Transaction history.
- Dynamic graph with historical ILC/USD price.
- Transaction fee configuration.
- Sign and verify message.
- Set Default Wallet (every time you open the app, that will be the one to open).
- 2018 Q1 - ANDROID ILCoin/Bitcoin (BTC) WALLET:
- Update of last year's Android wallet to be compatible with BTC
- Layout Design for BTC.
- Encryption of the wallets and mnemonic phrase for recovering the wallet.
- BTC Multi-Address System.
- Implementation of a label and password for every BTC wallet in your device.
- Availability to see the unconfirmed BTC balance.
- QR Code reader for sending BTC and QR Generator for receiving BTC.
- Transaction history.
- Dynamic graph with historical BTC/USD price.
- Transaction fee configuration.
- Sign and verify message.
- Set Default Wallet (every time you open the app, that will be the one to open).
- 2018 Q3 - ILCoin SMART CONTRACTS:
- Contracts between parties.
- Define rules and penalties for each type of contract.
- Up to 5 types of contract to define.
- Example type of contract exchange properties.
- Example type of contract exchange shares.
The Goal for ILCoin
In an ever-increasing market of cryptocurrencies, what sets the different cryptocurrencies apart (disregarding sales marketing) is the amount of development that goes into each technology. The majority of cryptocurrencies are next-to-forgotten when it comes to developmental and technological improvements. ILCoin is one of the minority of cryptocurrencies that continually improve upon the technology.
ILCoin is being developed into a globally recognised cryptocurrency which will be accepted by tens of thousands of merchants - product and service providers - in different regions and countries at an international level. As ILCoin is supported by a fast-growing number of customers, merchants and investors, its price on open exchanges is set to grow significantly.
We have the goal of making ILCoin available all over the world through ATM services. Our intention is to allow small and medium business to trade easily and cost-effectively using our cryptocurrency. The vision is to make ILCoin available to everyone in the world so that they can enjoy privacy and profit from economic opportunities. The foundations of this new economic community have been laid.
Our Social Media
Facebook: https://www.facebook.com/ILCOIN-crypto-1725413757503174/
Twitter: https://twitter.com/ILCOIN_crypto?lang=en
Telegram: https://t.me/officialilcoin
Tumblr: https://www.tumblr.com/blog/ilcoindev
LinkedIn: https://www.linkedin.com/pulse/ilcoin-information-news-alex-james/?trackingId=1R8ShXqdkZk3w1BvCzNlyg%3D%3D
YouTube: https://www.youtube.com/watch?v=sGS_Ubssaug
Forums
CoinMarketInfo:
http://coinmarketinfo.com/forum/viewforum.php?f=68&sid=d86b3bd373da49a33f0e0f9e4f72217b
CryptoCompare:
https://www.cryptocompare.com/coins/ilc/forum/BTC
Bitcointalk (You may know this one):
https://bitcointalksearch.org/topic/ilcoin-ilc-2656165
All Crypto Talk:
https://allcryptotalk.com/index.php?/topic/5160-ilcoin/
CryptoTalk:
https://www.cryptotalk.org/index.php?/topic/1638-ilcoin/
Slack:
https://ilcoin.slack.com/messages/C8KQLB4JW/files/F7GU16JM9/
CryptocurrencyTalk:
https://cryptocurrencytalk.com/topic/92723-ilcoin/
Our Support
Our support centre is always available to assist you with any issue that might arise during the use of our products.
[email protected]
We also have tutorials to help you feel more comfortable and confident when interacting with our products.