The ICECHAIN is a public distributed ledger that is revolutionizes the crypto space today making financial transaction more easy, fast, secure and more scalable than ever before since the inception of the blockchain industry. The icechain is a well-developed cryptocurrency platform that is built with the state of the act facility to meet the present and future demand of cryptocurrency investors and traders at all levels by creating an ecosystem that is user friendly graphics interface for both expert and newbie.
In these article let discuss tentatively the key challenges facing the blockchain industry and how this challenges can be solved.
In the year 2017, Bitcoin and Ethereum who were the leading cryptocurrency financial instrument face the highest level of scalability challenges and there are still predictions that this will still go on because of the scalability features both Bitcoin and Ethereum Network lack. This key challenge is major setback for the less adoption of cryptocurrency asset in the mainstream.
Everybody is in haste for their transaction to be confirm on time without any delay of any sort that might probably obstruct their business transaction between peer to peer and from merchant to merchant or between peer to merchant. Every business owner consider time a factor that is equivalent to money. This delay in transaction have cause many businesses downsizing both in finance and development of the organizational structural for example in restaurant, hotel, schools, ecommerce, and other financial industry.
THE ICECHAIN HAVE SOLUTION TO THIS CHALLENGES
The icechain develop a sophisticated and robust technology that is built by the best expert in the field of blockchain industry, IT Industry and the internet of things.
The icechain created this ever dynamic platform to handle transaction more than 100,000 Transaction per seconds. The icechain have a decentralized super node that have the ability to handle this transactions with 50% hash power which helps to reduce cost of transaction for every user of the icechain platform.
shard technology of the Icechain
Icechain provide the solution to the issue of scalability through lot of innovating technology by using the shard technology in confirming transaction and erasing transactions delay permanently from the blockchain industry.
The Icechain is design is such a way that multiple user can make transactions within seconds without having to wait for miners to confirms transaction
The reason for IceChain’s using the shard technology was to provide viable or more alternative option for PoW Algorithm which is simply called the Bitcoin’s Proof of Work. The idealogy behind this is that effective transactions will be blocked by another blocks due to longer time frame to store the relevant information in blocks will now be quicken by shard technology that does not necessarily require a ledger to save all these huge data we have today .
The double layer technology of Icechain
The icechain has a double layer that allows for high throughput. The Icechain double layer is also built in such a way that when an ongoing transactions is about to be completed on the network the Icechain automatically create another layer to accommodate more transactions. the double layer of the Icechain is power by the Ethereum Virtual Machine (EVM)
Icechain network technology
The Icechain because of it fantastic technology have a dual chain system. The first is the head chain is built to decentralize the transaction distribution. It has the capability to attain 100% hash power rate and when this is achieves the Icechain will develop a single Blockchain within the Icechain ecosystem .and also to accomplish this task the head chain is supported with other 10 dynamic smaller chains to run and aid the full operations of the head chain .
Dual output technology of the Icechain
the centralization of the hash power of most platform is what the double spending becomes a reality in our present day life but the Icechain uses a well defined and a decent decentralization that have the ability to distribute 50% hash power across network . Icechain uses this technology to make sure there is individual or cooperate bodies that have the full sole full right to take over or over write the system.
COMPARISON BETWEEN BITCOIN AND ICECHAIN
Bitcoin can only process less than a thousand of transaction per second while icechain have the capability of processing more 100,000 transaction
Bitcoin is very vulnerable and that’s why cryptocurrency exchanges are hacked but ice is not because of the technology use in developing the icechain token.
Bitcoin is very slow but icechain is very fast.
WHAT MAKES THE ICECHAIN UNIQUE
The icechain is the key solution to scalability
The icechain is safe and the fastest means of transactions.
The icechain is highly secure
Tokenomy
The icechain has it token that is develop on the Ethereum smart contract called the ICHX. The token is use in running the operation of the icechain platform.
Token ticker: ICHX
Total supply: 1,000,000,000
Hardcap: 11976 ETH
Token price: 16700ICHX per ETH
Minimum purchase: 0.1ETH
Token distribution
Roadmap
Team
For more information, visit the links below
Website: https://icechain.io/
Whitepaper: https://icechain.io/icechhain_whitepaper_v0.1.pdf
Facebook: https://www.facebook.com/theicechain
Twitter: https://twitter.com/theicechain
Telegram: https://t.me/theicechain
Steemit: https://steemit.com/@icechain
Ann thread: https://bitcointalk.org/index.php?topic=5057035
Author Detail's
Bitcointalk username: wizardcrypto
Bitcointalk URL Profile: https://bitcointalk.org/index.php?action=profile;u=2312222
https://medium.com/@tosinitunueyakwaire
Hello,
Welcome to Steemit.
In order to confirm your authorship of the content, please make a mention about Steemit or add a hyperlink to Steemit in your Medium profile:
https://medium.com/@tosinitunueyakwaire
You can remove this mention from your website, once we confirm the authorship.
Thank you.
More Info: Introducing Identity/Content Verification Reporting & Lookup
Hello! I find your post valuable for the wafrica community! Thanks for the great post! We encourage and support quality contents and projects from the West African region.
Do you have a suggestion, concern or want to appear as a guest author on WAfrica, join our discord server and discuss with a member of our curation team.
Don't forget to join us every Sunday by 20:30GMT for our Sunday WAFRO party on our discord channel. Thank you.
!cheetah ban
Failed ID Verification.
Okay, I have banned @sonnyeyakwaire.
!cheetah unban
Thank you for verifying your ID.
Okay, I have unbanned @sonnyeyakwaire.