What is IOC
This project started in July of 2014 with the aim of creating a user-friendly solution for businesses looking to enter blockchain-based technology. Since 2014, I/O Digital has been working on their DIONS (Decentralized I/O name Server) project and is preparing to launch in the next 2 weeks (give or take a week).
I/O Digital launched IOC as proof-of-work then switched over to proof of stake. There was no ICO, and the maximum amount of coins in existence is just over 16.3 million. Half of these 16.3 million are held in staking wallets, securing the network. This is the reason for lower volume on exchanges (see Bittrex).
DIONS
DIONS will be the first major application on the I/O Digital Blockchain. DIONS (aliases for Bitcoin) will implement a 2-way peg to the Bitcoin Blockchain allowing users to register a DIONS alias to use in a bitcoin transaction. Instead of your long string of numbers and letters, you'll have a human-readable DIONS alias to provide to a customer (for example, Apple could register Apple-io).
DIONS will also include a Skype-like decentralized end-to-end encrypted "chat" system with built-in AES 256 encryption and data storage (allowing for proof-of-existence for any digital file, like legal documentation, artwork, music, etc.).
(source: https://iodigital.io/dions/)
FINTECH
I/O Digital won the public voting of the European FinTech awards and will be in Brussels on Sept. 27th to pitch IOC to a professional jury and future potential business partners.
MARKETING AND EXCHANGES
After FINTECH and the release of DIONS they will focus on marketing their product.
(source for this and FINTECH above: http://mailchi.mp/7df983807b77/dions-countdown-and-pos-cipher)
PROJECT CHAMELEON
They are also in the process of preparing to start the Chamelon project after DIONS release. Chameleon will create interoperability between Blockchains and applications, facilitating governance and smart contracts with a hybrid Blockchain solution.
Chameleon will enable 100k transactions per second surpassing Visa’s network capabilities. The I/O Digital Dev team will be announcing the release of the white paper along with a DIONS V.2 roadmap soon after the successful release of DIONS (source: www.iocoin.io , bottom of page under Chameleon).
Disclaimer: I am invested in IOC and will benefit if the price of this coin increases. The purpose of this post is to inform other members of the community of this upcoming product and, as always, do your own research and never rely 100% on what is posted here!
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Its really cool! :)
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