IONChain aims to become the underlying particle in the Internet of Things (IoT) ecosystem. Through their IONChain Protocol, IONChain will serve as the link between IoT devices, supporting decentralized peer-to-peer application interaction between devices.
In the IONChain ecosystem, every IoT device that provides valuable data can act as a mining machine. Once connected to the IONChain network, a device will constantly contribute its calculative power via the Ionization Algorithm and in turn, receive IONC tokens as mining reward. IONChain has created a unique consensus algorithm to determine the value contributed by IoT devices. A device’s contribution is jointly determined by the Data Quality Proof Consensus and Time Lapse Proof Consensus.
Full Name | IONChain (IONC) |
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Start Date | 2018-02-07 |
Algorithm | ETH Token |
Proof Type | N/A |
Website | https://www.ionchain.org/ |
@ion_chain | |
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Block Number | N/A |
Block Time | N/A |
Block Reward | N/A |
Total Coins Mined | 121,180,605 IONC |
Previous Total Coins Mined | N/A |
Net Hashes Per Second | N/A |