WEEKLY Update on I/O Coin developments Hi All,
We firstly want to thank all our IOC backers for their trust and neverending positive posts and DM's.
Thank you! The team is a hard working team, and always loves your enthousiasm. Thats what makes this project even nicer for us to work on.
Let me be clear on what DIONS is for new people in here. You can read our whitepaper on
www.iocoin.io, but a simple and short explanation is this;
== what is DIONS? why do we focus on that == A lot of coins are struggling and try figuring out how to get the so called "market adoption" for their coin. First of all they spend a lot of development time and money on the wallet (that even becomes more like a trading app instead of a simple usable wallet) and they could even try to focus on a specific target audience that may accept this coin.
Even Bitcoin cannot succeed in that right now and is having a hard time, so why will other alternatives succeed? Thats really difficult if you only focus on your coin's wallet, website and some more add-ons. I/OCoin's approach is a bit different because we focus to develop a blockchain that can have data IN it. You can call it "decentralized data". We think that is far more interesting for future purposes. Ahead of time.
Bitcoin is 'just' a currency residing in and using a blockchain. Bitcoin is not the most important thing here. That is the underlying blockchain.
You probably have read it in all the news websites lately that companies are searching for possibilities to enable their existing business or creating new services using a blockchain. The blockchain of BTC is not ready for that. Smart contracts, decentralized voting, decentralized patent registrations and all that kind of decentralized services are the future.
Market adoption is ultimately important for a coin / chain, but external services using the blockchain are far more interesting for now.
These blockchain add-on services will help "adoption" eventually because people will use these services (they probably wont even know that a blockchain is the aorta there). I/OCoin has that kind of blockchain when DIONS is launched.
DIONS -
Decentralized IO Name Server. Sending coins to a username that resides into the blockchain. This DIONS is part of a larger IOC program called "
DIO" - "
Decentralized Input Output". DIONS is the first project under this flag. DIONS was needed as a first project to enable data on the blockchain. All other projects will have the DIO name as well. This is what makes our blockchain valuable. This is why we want this to be absolutely perfect. The corporate and professional way.
== development update == We have started DIONS development a few months back and closing in on the first public release.
The last few weeks we started to test DIONS in closed BETA. Last week we had successful tests in our testnet.
All functionality that we want worked absolutely fine. We are adding some more checks and speeding up the chain.
Coming week we are going to start with RC1 (release candidate 1) and let external parties test and review the code.
So, all development for DIONS are coming to a wonderful launch soon.
Last but not least we are preparing a PR campaign as well surrounding the launch of DIONS. We would like the crypto world to know what DIONS is and how important this for the future can be. Besides that we are also talking to one of the best alt exchanges there is to add us there. That looks good as well and will probably be launched together with DIONS as well.
Regards,
Team of I/OCoin