Topic: I/O Coin - Ticker: IOC - Stealth Blockchain Ecosystem - Dions - Chameleon - page 82. (Read 719184 times)

Perhaps what is needed here is a scheme that does not break Bitcoin's all-too-critical irreversibility when dealing with strangers, but allows someone to take back his funds in the event of a hack.

How might such a scheme work? It seems almost in fundamental conflict. There is no definition for a "hack," so an unrestricted undo mechanism will certainly break irreversibility.

But there is actually a solution. Here is what it might look like.

Suppose I designate some of my funds as being in a specially-marked cold storage account, or, let's call them vaults. To pay for things, I need to move them out of my vault to a regular wallet, a process which takes, say, a day. Merchants never accept payments directly from vaults; they use regular Bitcoin addresses, and payments work in the regular, irreversible fashion. But the special thing about vaults is that they come with two keys. One key is used to unlock the vault and move your funds to a regular wallet. The other one, called a recovery key, is used when you notice that your funds were hacked and moved out of the vault by a hacker. You can then use your recovery key to undo the hack -- you have 24 hours to notice and launch the recovery and get back all the funds.

Notice that you cannot fool a merchant with this trick and revert a real transaction. All you can do is take back your own money from someone who is trying to steal it.

actually it should be an IOshi
thank you for your compliments in advance 

https://www.kraken.com/     would be my first pick  (highly unlikely to happen unless IOC got the volume you see with ETC or ETH)

Regarding biggest Chinese exchange, it might of mattered in the past, but now i dont think it matters.
Chinese like Bitcoin, Ethereum and now ETH Classic they dont bother much with alt coins.

It would be awesome if I/O Coin gets listed on a big Chinese exchange.... 

Hi guys....

Any news about release...  SHOULD BE IN AROUND 7 DAYS
Why is the project undervalued right now? BECAUSE ITS MORE ADVANCED THAN 90% IN CRYPTO
I remember someone said 100k sats is a good price for I/O coin  
 
Hope it attains it soon....Lots of good releases, partnerships, Biz news coming up I guess.  
Lets see how the 2nd half of the year goes

Hello Everyone, Today is our 2 year project launch Birthdate. It has been 2 years of non stop challenges and work. I  never thought it would be so much work and I'm talking about almost 24hrs a day at times. To do a small recap, when we launched, we wanted to have a fair launch. We wanted to assimilate the true essence of how Satoshi launched bitcoin. Not only did we self funded our entire proposition we also did it without an ICO, NO Premine but at the time we also added X11 which was added difficulty to the mining process to make it more difficult and fair for everyone who mined ioc. 2 weeks after our successful mining period we successfully transitioned from POW to POS. We set a roadmap in place and one by one we completed our tasks. We were the first Successful project to move away from a full QT Wallet to a new native staking HTML5 wallet. Another of these tasks was to upgrade our Variable POS to  POS V.2  and then to our unique POS I/O (Fast - Volume Controlled Blockchain). Now that we have been up for almost 2 years with 0 downtime, we successfully tested IONS (Semi-Centralized Aliases) and completed all our tasks proposed in our roadmap, I can now say that this first period has been a full success.

Now that we are building on our solid platform, we are getting very close to launching DIONS. DIONS has been quite a challenge as we carefully looked at other propositions out there and saw some key flaws in other blockchains claiming to have a this fully working features. We had to kind of re-write the wheel if I must say and add a few important features to DIONS. This includes a fully working (Private) Encrypted alias system. Even though we are not a stealth coin, we do believe in privacy. There are areas of people's lives that should remain in privacy if that person so chooses. When we are talking about aliases someone may want to have a public alias, but also have a private alias, for say friends and family. The same goes for our messaging system. We also added the possibility of storing small amounts of data as to avoid bloat to our main chain. With this said our next proposition will be Chameleon and once DIONS is successfully released, we will put the final touches to our Chameleon white paper. The team has also been working on the code and we are very advanced into it, but we have been full DIONS mode and now we are in the final stretch.

We will be having a Google Hangout coming up July 24th, 2016 around 10AM EST Time. We will also share some new details on a special project we are working on...


Thanks To Everyone

Joel

I was thinking of what the smallest unit of IOC (1/100000000) or the satoshi equivalent, is called and I realised that it doesn't have a name yet. So I would like to propose IOtoshi haha

So 1 IOC= 100000000 IOtoshi

What do you think guys?