IONChain concept
In 1887, the famous Swedish physicist Arrhenius proposed the ionization theory. Like molecules and atoms, ions are also the basic particles of matter. IONChain will serve as the underlying link to the Internet of Things, supporting decentralized peer-to-peer application interaction between devices. Countless IoT devices will act like ions, which can be freely combined with one another in different application scenarios.
IONChain core technology
Data Quality Proof Consensus and Time Lapse Proof Consensus
Application layer protocol for self-developed Internet of things
Edge Computing
distributed storage
Ionization algorithm
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Every device is a mining machine Every IoT device in the IONChain 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 thus receive IONC tokens as mining reward.
IONChain has created a unique consensus system to determine the value contributed by IoT devices and therefore the number of IONC token distributed to them as a reward. A device’s contribution is jointly determined by Data Quality Proof Consensus and Time Lapse Proof Consensus. This consensus mechanism will consider a device’s function, data quality and quantity in calculating its contribution.
Every device is a mining machine Every IoT device in the IONChain 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 thus receive IONC tokens as mining reward.
IONChain has created a unique consensus system to determine the value contributed by IoT devices and therefore the number of IONC token distributed to them as a reward. A device’s contribution is jointly determined by Data Quality Proof Consensus and Time Lapse Proof Consensus. This consensus mechanism will consider a device’s function, data quality and quantity in calculating its contribution.
Edge Computing Edge computing is a technology that moves the computing power to the devices that generate the data. Instead of processing data on a centralized server, the analytics and knowledge generation are performed by or near the sources of data. Edge computing primarily solves the problems of data volume, privacy protection and instant response.
Both IONChain and edge computing use a distributed architecture therefore both are by nature highly compatible with each other. That makes it possible to fully utilise the computing power of the nodes and to connect IoT devices with an instant computing storage. Application scenarios such as autonomous vehicles, real-time monitoring, VR, etc., will greatly benefit from the enhanced timeliness of the perception-computing-response processes.
One device - one code - one coin"Device" part in our concept stands for IoT devices, "Coin" stands for IONC and "Code" is the unique identification code for the IoT devices inside the IONChain network.
One device - one code - one coin Device" part in our concept stands for IoT devices, "Coin" stands for IONC and "Code" is the unique identification code for the IoT devices inside the IONChain network.
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