This is I/O Coin 7th year anniversary (7/24/2014). On this episode the ioc devs discuss the upcoming DVM smart contract layer implementation
which will bring full Ethereum smart contract compatibility along with many other upgrades.
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https://t.me/iocoin_officialI/O Coin (iOC) was fair launched on July 24th, 2014. IOC is a Privacy based cryptocurrency and blockchain ecosystem project.
IOC was initially launched via POW X11 (video card resistant) algorithm. The difficult mining period lasted for 2 weeks. This in
order to properly and fairly distribute 16M coins before switching over to our own unique flavor of Proof of Stake Cipher to secure
our blockchain. There are around 19 Million iOC in circulation with a 1.5 IOC staking reward per block. The remaining IOC are
minted via POS reward system for Stakers who work on confirming transactions. Stakers also receive transaction fees from on
chain services. Their is no governance model. We value freedom and the community was built with a free, fair minded and decentralized
spirit. IOC was launched without any Initial Coin Offer (ICO) or Premine.
In 2015 we were the first ones to move away from the Bitcoin QT wallet and replaced it with a unique "fully decentralized"
HTML5/JS based UI wallet. Along with IONS DNS. In 2016 The iOC community and developers formed the I/O Digital foundation
to further awareness of the open source public blockchain as it was done for Bitcoin, Litecoin and a few other fair launched projects.
In 2017 I/O developers upgraded iOC's blockchain protocol to codename DIONS "Decentralized Input Output Name Server" further
enhancing the base platform to host decentralized applications.
iOC Enabled On Chain Services include:
The IOC Blockchain enables identity storage, you can store your own personal identification and be in full control of who can view it and
who you share it with. Our avatar creation allows storage for art and pictures. Also deeds, copyrights, trademarks, proof of ownership,
data and much more. All of which are fully encrypted, fully controlled by you. Dions Pay, Private and Public identities, Private Dion send
Addresses, AES 256 Encrypted 1MB Document/Data (upload, transfer via private users) capabilities, along with AES 256 Encrypted Instant
Messaging. The I/O dev team also enabled and increased capacity to 4MB blocks with up to 16 second confirmation times. Along with our
very own POS Cipher and shuffle staking features. Ensuring that even low weighted users would always see a reward for their work.
The IOC Dev team is now focused on enabling Smart Contracts to ensure a future launch of "Chameleon - a scalable entropy based molecular
graph ledger, to advanced interoperability of multiple blockchains and deploy our own scalable virtual machine and I/O abstract smart
contract Ecosystem". The team will follow Chameleon with DIOEX. Essentially creating a completely private, secure and fully decentralized
economic ecosystem.
IOC is a fully decentralized world wide cryptocurrency maintained by the I/O Digital Foundation and the iOC World Wide Community. iOC is
here to give back control to the people.