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IceChain

High-Throughput Transactional System

IceChain is using next-generation distributed ledger technology which takes blockchain to the next level, IceChain aims to bring a solution to the current problem of scalability which traditional blockchain based networks are having. We can do this by using IceChain's double chain setup, sharding and hash power distribution. IceChain will handle over 100,000 transactions per second across any industry, from finance, electronics, electricity, telecommunications, food, autonomous vehicles, and real estate to name a few. This will save costs and provide the highest level of transparency.

3.8
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Benchy 3.8
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6 days 9 hours left
2018-11-01 - 2018-11-21
Token
ICHX
Price
1 ICHX = 0.00006 ETH
Bounty
MVP/Prototype
Platform
Whitelist/KYC
KYC & Whitelist
Restricted areas
China, USA, Singapore
More on ICO
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About IceChain

lceChain has created a system which can handle large amount of transactions. lceChain is an innovative digital platform that is scalable and which provides secure, decentralized technology. This guarantees the high level of security, leveraging permissionless mining and transactions secured by at least 50% hash power at one time sent to the head chain to prevent double spending. The platform can also issue cross transactions and be confirmed in a few minutes. The number of cross transactions at any one time will act to increase the response speed. 

Under the lceChain platform there will be an ability to issue block rewards and use less hash power overall. Block rewards will be issued on a proportionate basis which will decrease the overall energy needed for mining and make the platform economically efficient. This builds on from where the last generation of digital currency platforms left off and will allow lceChain to have a dominant level in the industry. In the future, the old way of transacting will become obsolete as customers will choose the service which allows them to facilitate their transactions at the cheapest cost in the fastest time with the highest level of security. The scaling is a major problem for traditional blockchains at present. Under the lceChain system, this will be eliminated and the platform will have the ability to scale as appropriate to allow for any number of users to make transactions at the same time.

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