IonChain
This white paper want to not be interpreted as being any kind of advice, every tax, economic or organization. You are advocated to are looking for advice out of your very very personal prison and tax experts earlier than selecting to preserve with any hobby mentioned on this white paper. IonChain, its employees and buddies, will no longer be responsible to any man or woman for any loss bobbing up from having access to or interpreting this white paper. Any direct or indirect damage or loss that would accrue through you couldn't be the criminal duty of IonChain or any of its friends or employees nonexhaustively.
This white paper is for regular facts purpose satisfactory and have to not be idea of as any provide of
protection or in any other case, nor need to or no longer it is considered as whole in nature. We do now not warrant that the statistics is accurate or complete in nature. Third birthday celebration supply facts has not been independently confirmed. This white paper does not create an offer to sell IONC and it need to no longer be considered because of the truth the awesome information for an funding desire. Any purchase of IONC may be taken into consideration regulated via the terms of the distributor.
Through having access to this white paper or any part of it you are representing and warrant to IonChain and all of its pals, that you did now not rely on any declaration on this whitepaper to decide to purchase IONC, that you could have a observe all criminal suggestions and regulatory necessities You remember the fact that IONC might probable in all likelihood don't have any price and that there may be no assure for any rate or liquidity in IONC. You mainly remember the fact that no one in the IonChain community, which incorporates its owners or its buddies, may be chargeable for any rate related to IONC inside the destiny, which includes the transferability or the deliver of any marketplace for IONC.
You remember that your functionality to shop for any IONC is first regulated through the dominion in that you stay and the pointers that exist nearly approximately identical. This consists of being resident in any jurisdiction the location the acquisition or sale of IONC can be considered the acquisition or sale of a safety, or in any jurisdiction in which get right of access to to or participation in a crypto marketplace is outlawed. This specially includes however is not confined to the US, New Zealand, Canada, China or South Korea.
All risks be cautiously evaluated and brought into interest via you earlier to searching for any IONC. All statements made through using IonChain, its employees or buddies, are taken into consideration to be in advance searching statements and not be depended on for any accuracy in the gift. In relation to the acquisition of IONC there can be a separate phrases and conditions and token purchase agreement a fantastic manner to be furnished one after the opportunity and could set out all the statistics which need to be relied upon concerning the purchase of IONC. You understand that there are a big variety of things which also can furthermore furthermore want to have an effect on hazard, which incorporates however now not constrained to alternate within the IonChain improvement group or regulatory elements outside the manipulate of IonChain. This white paper cannot be copied or disseminated without the high-quality permission of IonChain, who will furthermore allow translation of white paper as requested and required.
Executive Summary
With the boom of decentralized blockchains which encompass Ethereum and Bitcoin comes an enlarge in one among a type allocated ledger generation. With the amount of virtual transactions growing at a global scale, it's far easy that there may be a want to boom the sort of blockchain based totally networks to hold up with name for. LightCoin gives an contemporary blockchain which meets the global well-known and offers a comfy, scalable and decentralized technological understanding which guarantees safety through collaborative and permissionless mining. Security of transactions are ensured through way of manner of our theoretic framework that capability over 50% of whole hash energy is sent to the bottom chain which acts to prevent any double spending. Cross transactions moreover may be issued on the platform and examined internal minutes, with the big sort of bypass transactions developing the reaction time. IonChain will function a clever settlement network that permits you to be subsidized up with the useful resource of way of the Ethereum Virtual Machine.
Introduction
Blockchain has advanced considering its inception, from the number one technology which Bitcoin created, to the second generation which covered Ethereum and their clever contracts, allowing blockchain to carry out coins like transaction and financial gadgets alongside thing bonds and loans. Currently Ethereum has a charge of $sixty 5 billion. Currently, the blockchain generation has moved to ‘proof of stake’ which is a step up from one-of-a-type presently ran but longer held completed sciences which run ‘proof of difficult paintings’. A benefit to the contemporary day device is that there can be an awful lot a good deal masses an lousy lot a whole lot much less hash energy favored and lets in for block rewards to be assigned to token holders proportionately. This acts to significantly restriction the power needed to mine, which makes it more economically green. This shape of innovation building on top of the final technology has allowed for thoughts which includes IonChain to not in fact come to fruition but hold a diploma of dominance within the organisation because of being early movers in an organisation organisation which stays seeing exponential boom. The fact that crucial blockchains have a gift hassle in dealing with the immoderate quantity of transactions that they'll be seeing is evidence of the need for introduced structures to be created.
IonChain Vision
Leveraging the maximum modern-day-day day technology to encompass a network of databases regularly called a shard, IonChain will supply massive scaled and distributable systems that have the brilliant gain of scalability. This will allow IonChain to fill the hole that has been brought within the market and boom with the want of corporations globally. The distributable community will growth IonChain’s capabilities exponentially and will act to appearance the IONC protected into not unusual transactions. Blockchain disturbing conditions which IonChain will address is the capability to scale, safety and decentralization at the same time as maintaining a brief-shifting issuer.
IonChain Network Technology
The requirements of IonChain’s layout which incorporates growing scalability however at the same time making sure that decentralization and protection are paramount. Creating skip shared transactions seamlessly to supply person satisfactory of adventure (QoE) indoors an environment that is incentive pushed is critical to IonChain, being capable to help amazing structures and providing clients with an available to apply account. Our layout will permit for scalability to be in line in the end of the necessities of preserving immoderate protection with a suitable degree of decentralization.
Current blockchain technological facts has remarkable smooth abilities in each block inner a series – the ledger, which encompass the us of the cutting-edge-day ledger, and the confirmation, that is required to verify the transaction from a ledger after which mine blocks to gain desired task ranges (evidence of difficult paintings or POW).
The number one hassle of a ledger is its capability to be complete of statistics collectively with maintaining the ledger modern-day and noting transactional vital elements as they stand up. This may in all likelihood embody the holiday spot, execution code, deliver, amount and every unique element that needed to be stored. There is a restriction to the amount of facts which may be saved in everyone block, which offers upward thrust to blockages within the blockchain. The transactional effects create a affirmation taking location in the ledger and then mining a block for the desired POW to be reached. This approves for a self assure that someone individual will no longer attempt to assault the
gadget due to the truth it might be pricey and economically inefficient to benefit this via fork mining. Of the components, the affirmation may be the most computationally intensive of the responsibilities. Keeping this in thoughts, IonChain has created a divide and overcome concept which separates those competencies into wonderful layers, which acts to enhance the scalability at the same time as keeping the suitable protection degrees. Utilizing a layer of elastic sharding inside the blockchain, smaller shards will be listed in the layers and due to the reality the type of shards increase the functionality to system them concurrently, thereby developing systems capability. The community consists of a base chain as a way to verify all sharded blockchain blocks but will no longer technique any transactions. It will furthermore have a degree of trouble that lets in you to prevent all of us from reverting a transaction because of the fact it could not be economically green to do. The platform is designed to be in a function to help extra shards for you at the manner to independently way subsets of transactions.
A High-Capacity IonChain Transactional System
We’re reinventing the blockchain without sacrificing decentralization or safety. Meet our contemporary-day-day-day-day-day-day double-layered blockchain - ION CHAIN
A High-Capacity Transactional System
We’re reinventing the blockchain except sacrificing decentralization or protection. Meet our contemporary-day-day-day double-layered blockchain - ION CHAIN
Double-layer blockchain (ION CHAIN)
The ION CHAIN consists of lastic sharding at layer one and a base blockchain to confirm the blocks from the number one layer.
ION CHAIN cross-shard transactions
Cross-shard transactions are in truth supported
Super-entire node
Multiple sincere nodes can run as a superb-whole node
Double spending protection
At least 50% of hash energy is despatched to the lowest blockchain (root) to save you double spending assault
ROADMAP
March 2018
Start of the Ion Chain improvement.
May 2018
Token distribution
June 2018
Development
August 2018
Team boom
October 2018
Testnet 0.1
December 2018
Smart Contract zero.1
January 2019
Testnet 1.Zero and Smart Contract 1.0n
May 2019
Further Team Expansion
June 2019
Company formation/prison
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