Given the growth in the use of decentralized blockchains, many new coins have already been created in addition to traditional Bitcoin or Ethereum. Due to the growth of the digital currency market, it has become necessary to provide a higher level of decentralized registry technology to enable processing of large transaction volumes without any lags.
The solution for such problems is the project lceChain. lceChain has created a system that allows you to operate with a large number of transactions.
WHAT IS THE ICECHAIN PROJECT?
lceChain is an innovative digital platform that is scalable and uses secure, decentralized technology. This ensures a high level of protection due to the use of mining and transactions that require at least 50% of the hash power at a time to be sent to the main chain in order to prevent “double spending”. The platform also allows for “cross-transactions,” which can be confirmed within minutes. To increase the response rate, multiple “cross-transactions” can be performed simultaneously.
On the IceChain platform, it is possible to declare a block reward and useless hash capacity as a whole. Block rewards will be announced on a pro-rata basis, which will reduce the total energy consumption required for mining and make the platform cost-effective.
The design principles underlying the IceChain network are that platform scaling can occur as needed, and this will not lead to a security breach or an increase in transaction fees. Security, scaling and decentralization are at the heart of the Ice-Chain model.
Decentralization in the lceChain network will be much higher than in existing blockchain systems while maintaining an appropriately high level of security. This is achieved by distributing only 50% of the hash capacity along the main chain and integrating sharding technology, which increases capacity in terms of the number of transactions processed. This is useful for ensuring network scalability at any time without loss of efficiency and time. By using half the hash power in the main chain, a higher level of decentralization is provided.
The main features of the network lceChain:
lceChain supports the horizontal scalability option, running each node as a full node, which creates the same protection against attacks as the traditional blockchain.
The lceChain network was originally designed for scalability, so it will run smoothly and provide high bandwidth.
The lceChain network is secure and well protected due to the distribution of 50% hash power.
All transactions of the lceChain system are protected by executing a consensus algorithm in both the main network and the shared network, while the POW algorithm will be executed on the head network. At the same time, the main chain first runs the POW algorithm within the network shard. This type of POW system operates in the main blockchain networks as well as in Bitcoin and Ethereum, which, compared to IceChain, have the first additional main POW chain as a unique sharding network platform.
The IceChain network is focused on mobile devices, and the infrastructure is supported using distributed applications. Icechain will offer in-house developer tools to create an enabling environment for various Android / iOS applications. Developers will be able to create and launch small online projects on the IceChain platform. The network will also allow owners of small and medium enterprises to increase the effectiveness of authentication through the use of blockchain for large volume transactions. The use of the blockchain sharding technology will find many applications in the Internet of Things (IOT) and will undoubtedly attract new users to the IceChain network.
FEATURES OF THE ICECHAIN PROJECT TOKEN
IceChain will use the ICH token. This will be the main token of the IceChain network. Initially, the ICH token will be released as an ERC-20 standard token of the Ethereum network, then it will migrate to its own IceChain network. The ICH token will be IceChain's native token. ICH cannot be regarded as IceChain shares or as shares of IceChain affiliates. Possession of ICH tokens does not give you any specific rights, except the express right to use them as a means of interaction in the IceChain network. One of the main applications of the IceChain network is to provide a trusted and reliable medium of exchange for the gaming sector and the financial and technological sector.
The image is taken from the official site of the project: https://icechain.io
Token details:
Token Symbol - ICH
Token standard until the creation of its own network - ERC-20
Total emission of tokens - 200,000,000 ICH
Token price - 1 ICH = 0.00006 ETH
For more information, click the link below:
Website: https://icechain.io/
Whitepaper: https://icechain.io/icechhain_whitepaper_v0.1.pdf
AAN : https://bitcointalk.org/index.php?topic=5057035
Facebook: https://www.facebook.com/theicechain
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