I/O Coin was launched on July 23, 2014. It was developed by a group of experts on blockchain security and cryptocurrency. In this article, as Kriptokoin.com, “What is I/O Coin?” We will answer the question. In addition to these, we will touch on all the questions about the project.
What is I/O Coin? What does the IOC do?
The popularity of Bitcoin has led to countless currencies similar to it. However, while restructuring the concepts of PoW or PoS, only a few have tried to develop innovative ways of using and improving Blockchain technology. I/O coin offers a wide variety of features based on Blockchain technology. It is also an innovative cryptocurrency with an emphasis on privacy and security. These features range from DApps to secure messaging services.
What are the benefits?
I/O Coin Technology All 16 million I/O Coins were mined in a two-week mining period during the coin’s launch. The hash algorithm used is X11, so there was no public offering or pre-mining of cryptocurrencies. After this period, I/O Coin has moved from PoW to a PoS-based concept.
In addition, I/O Coin uses a volume-controlled Blockchain. The I/O Coin open source blockchain is currently completely private and private. It is also being upgraded to support decentralized peer-to-peer digital transactions. An innovative technology, DIONS, is used in I/O Digital, developed by I/O Coin developers. The fully secure and encrypted document aims to provide a range of services from a secure and encrypted messaging service to anonymous services.
What are the main features?
- File storage and transfer: DIONS technology offers investors completely secure storage options along with encryption of files. It also allows transferring ownership of files.
- Decentralized and encrypted messaging: It is a fully encrypted and secure messaging platform using the AES256 standard.
- Decentralized aliases: A unique, human-readable name can be assigned to an IOC wallet address to enable easy, fast and user-friendly transactions, exchange of services, files or messages.
- Hidden addresses: This innovative feature enables transactions to occur for the first time completely anonymously, with no trace or record of the sender or receiver on any public blockchain.
- Chameleon: This technology aims to facilitate interaction between various separate peers and networks to increase interoperability with a centralized supply system.
What is I/O Coin? How to buy IOC?
Exchanges traded with IOC Coin; Bittrex is YoBit, NLexch and Qiex. You can also make purchases and swaps from different exchanges that list I/O, including these exchanges. To purchase coins, these steps are followed:
First of all, access the web/mobile application of the IOC listing exchange you selected as the first step. Then complete the account opening steps. Complete the next step, the authentication and approval process. Follow the steps of the exchange, which is the next step, to deposit funds. As the last step, select the IOC with the balance amount you want and create a purchase order. Store it in your trusted accounts.
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