Topic: I/O Coin - Ticker: IOC - Stealth Blockchain Ecosystem - Dions - Chameleon - page 198. (Read 719255 times)

I know this coin from grub fb my fb name david agus Rahmanto and I davidar-io io I may be a lucky man and get a prize every day thanks io io

Hopefully people will have some sort of understanding of the big leap forward V.3 is for POS and I/Ocoin.  Not only that, people should be very happy with the new HTML5 wallet.  It clearly shows the top class skills of the developers behind this coin.

Also, i am still utterly shocked we only have 93 users of IONS.    It seems people like to be able to send and receive coins the old way, having long and very hard to remember addresses, made up of Lower-case, Upper-case letter and numbers.

#IONS is one of the very best features ever made in #crypto !  We need more people to use it, then they would see for themselves.

Also, please remember to stake your #iocoin wallets!   Its very easy to do. See this video showing exactly how easy it is and showing exactly how easy it is to pay someone who has a IONS username.

I/Ocoin is the best #investment a #trader can make right now. 

https://www.youtube.com/watch?v=ZS7scMgQXhI

Introduction
whitepaper

Abstract

Make time required for generation of new blocks dependent on the number of transactions. Implement deflation mechanism to mitigate market volume volatility.

Motivation

Several problems that are observed in I/Ocoin and other digital currencies (including Bitcoin) could be solved, by using awaited transactions dependent on block time:

1. Abruptly decreasing mint-rates.
2. Occasional block time lag.
3. inflationary money supply that is independent of market demand.
4. Impossibility of early taking money from the minting deposit.

Specification

1. Difficulty target of minting block depends on transactions fee for this block exponentially with a minimal limit.
2. Transactions fee eliminated from rewards.
3. New type of blocks starts at block height 100 000.

Backward compatibility

Older clients need mandatory update.

Discussions

The mechanism of mitigating the difficulty barrier has both pros and cons. The primary advantage is the ability of the network to speed up desirable transactions. The primary disadvantage is the dangers of double spend attacks. Another possible attack is an attempt of a selfish node attempting to gain an unfair advantage in minting. The here proposed mechanism retains all the advantages and eliminates the disadvantages. In this system users can speed up their transactions not only by increasing the fee by promotion in order, but also by decreasing block time. A double spend attack in this system becomes too expensive. In addition an attempt to get unfair advantage becomes also increasingly expensive. This is an advantage: now any node can speed up PoS-minting by destruction fee (and loss of profit) in a private (not sent to network, until stacked into the block) transaction. Currently PoS-coins are inflationary. The proposed improvement allows a market-based mechanism of volume control.

In this new system we have two concurrent processes: inflation of coin volume by minting and deflation of coin volume by destruction of fees. When the volume becomes insufficient to ensure the demands on the market, each coin and accordingly each transaction fee become more expensive. Transactions rates and eventually coin destruction rates decrease, and full volume increases. In the opposite circumstance transaction rates and eventually coin destruction rates increase and full volume deflates further.

Proposed Implementation

Block height 100k

POS I/O Code Vetting by

Rat4 (BlackCoin Lead Dev, Creator of POS 2.0)

its interesting coin
but what if io nameserver shuts down ?
too centralized
should invent decentralized nameserver

It's a great and valuable coins
i hope it can beat bitcoin price soon 
#iocoin is a really fantastic coin and i can see it has a very good future

Thanks, I received coin via IONS. It works.

Hi Max-io !

I just checked the Address Book, in the IONS tab, in the new #iocoin wallet and i can confirm your name is there and i have sent you the 200 I/Ocoin. Welcome to the VIP club!

Also Since you have a IONS name, you are now automatically entered into the monthly draw, as long as you have liked us on Facebook , as it is a #Facebook exclusive #Giveaway.

I liked on Facebook. Send me 200, Max-io

Just a quick update about the #Facebook #iocoin competition.

What you will need to do.

1- Make sure you have the latest I/Ocoin wallet. Download from here: http://iocoin.io/

When you download your wallet. Please open it every day. This makes sure your wallet is up to date, fully synchronized wallets receive coins much faster!

2- Create your own unique user name #ions so people can easily send you payments. Video guide here:
https://www.youtube.com/watch?v=v7DFJV1nxI8  (note you will need 200 i/ocoins to pay for registering your name.

Once you have registered your name and liked us on facebook. Post your name here  (example: iofund-io)
and we will send you 200 coins to cover the costs.  (limited offer so act now)

That's all.   Very easy.   The winner from Facebook will have the prize sent to their username!

Many thanks from all the team.

I endra Greetings from Indonesia 

POS Explained: http://en.wikipedia.org/wiki/Proof-of-stake

"#Peercoin's proof-of-stake system is based around the concept of "coin age", a number obtained from the product of the currency amount held times the amount of time it has been held for. When generating a proof-of-stake block, the user sends some money to themselves, consuming their coin age in exchange for a preset reward. This minting transaction becomes more likely to succeed over time until a valid block is found, generating a new block on the blockchain and a payout for the proving user.[2][3][4] This process secures the network and gradually produces new coins over time without consuming significant computational power.[5]

Both proof-of-work and proof-of-stake blocks are used in Peercoin, although the main #blockchain is determined by the highest total consumed coin age (from proof-of-stake generation) instead of the total combined difficulty of the chain (determined by proof-of-work blocks, as in Bitcoin). Peercoin's developer claims that this makes a malicious attack on the network more difficult.[2][6]

The first 100% proof-of-stake system was #NXT ."

Also READ: https://cryptocointalk.com/topic/700-proof-of-stake-explained-rough-draft/

AND: http://bitcoinmagazine.com/6528/what-proof-of-stake-is-and-why-it-matters/

Now hopefully fellow #iocoin users here and investors of other POS coins can understand much better the significance of POS and importantly, why it is VITAL to keeping improving it.

SO......

Proof Of Stake is also the process that works out 'minting' which we all know as the small amount of interest that you get by staking your wallet.

Staking your wallet is very important, because you help support the network.

What POS 3 will bring to the table is further improved security to the block chain, which should help almost banish (i say almost as nothing is impossible) 51% attacks and 'Double Spending'.  

It is a FIRST in crypto, yet again, #iocoin is leading the way in innovations, many people will not and do not understand POS, but it is the lifeline of the #crypto coin.  It is more important, than any fancy feature you cna think of, without a solid POS, the coin will fail.

POS 3. Is quite groundbreaking in the way it solves the problems faced by ALL other POS coins that do not have POS 3.  

Further more, it takes a highly skilled Developer to create a new POS system. Needless to say #I/Ocoin has some of the best developers in the business.

Just because they are not rated by #cryptoasian  and as they can not be public, people will just have to use common sense and only need to look  at what I/Ocoin has developed in quite a short time, to see they are as good as we say.

And just for the record, most of those 'public Devs' are hiding behind fake profiles, so take that POS rating system with a pinch of salt.

Regarding the HTML5 wallet.  There is a reason no-one has done it before, again it takes TOP CLASS DEVELOPERS to create a new desktop wallet not based on the old QT client.  Again, we are close to releasing this, as our loyal followers will see.  Others coins talk the talk, but only #iocoin walks the walk!

Is a significant update to the code, whitepaper will be out friday.

I've seen several other coins claiming to have HTML 5 wallets now.  What is POS 3 suppose to bring to the table?

POS 3 WhitePaper will be released on Friday. We Will be the only Pos coin with POS 3. Implementation to come with HTML5 Wallet.

MY IONS: Max-io

We are happy to announce that we've made it to the final short list on Mintpal V2 and they will be adding us this Sunday September 21st

Mintpal quote:
We will be adding a number of new coins from day one, and can confirm the following:

    Halcyon
    IOCoin
   
http://blog.moolah.io/2014/09/17/mintpal-plans-for-v2-migration/

Greetings to all our supporters from the Netherlands,

Many thanks for setting up the website, forum at: http://iocointalk.com/index.php

I like the layout, very easy to use and navigate and i am sure more people will take a look and hopefully introduce themselves.  It is a great place to put all our great minds together and post suggestions for I/Ocoin.

There are so many god features about I/Ocoin.

It is the FIRST coin in crypto history to have 'IONS' where you can easily send and receive coins by using a simple username, that you create!

Now the developers here are hard at work to bring us a HTML5 wallet, that looks very easy to use and once released will be a trend setter!

Plus..  I/Ocoin is working hard on making the blockchain super secure... more news to come on that soon!

There has never been a better time to invest in this coin, than now!