Bitcoin Press Release: I/O Digital sets to launch the first ever decentralized identity sidechain making use of a dispersed blockchain based DNS system. This system, understood as DIONS (Decentralized I/O Call Server) will certainly use the I/O Digital blockchain to attach delicate identity qualifications to a certain Bitcoin (XBT) or I/O Coin (IOC) address.
The system enables for the registration of aliases, avatars, files, making them completely transferable between users. DIONS will certainly offer strong security by incorporating a completely fledged RSA cryptosystem (making use of a 2048 bits long crucial).
DIONS will certainly support a decentralized messaging system. The system will certainly allow quick, easy and secure interaction between users. Not only will users have the ability to send out encrypted private messages, they will certainly likewise have the choice to broadcast messages to the broader world through a decentralized Twitter-esque micro-blogging service. This service might likewise be made use of as a “reddit” like service, that might reinvent the central service, into the first one of a kind decentralized blogging service.
Companies, along with having the ability to make use of their own brand, can now utilize distinct IDs to function as a customer, invoice, or reference numbers (e.g. HSBC:8008135). This supplies a more familiar format for customers more familiar with the calling conventions of email. It also gives companies to gain from greatly reduced costs and the toughness and simple auditability of a decentralized distributed database.
I/O Digital’s Blockchain also intends at servicing holders of intellectual home, rights management, certificates of credibility and condition reports. A hash value included in an I/O transaction can act as Evidence of Presence for any digital file, be it a legal file, an application’s source code, artwork or a piece of music. The timestamp of the block that the hash value is consisted of in, ends up being a timestamp of the file itself, creating immutable proof that it existed in that kind at that specific moment in time.
I/O Digital is likewise leaving from the typical Bitcoin QT wallet. The team has actually developed the very first complete HTML5 cryptocurrency wallet worldwide, that does not use the classic Bitcoin-QT wallet. Enabling a more user friendly front end and a more functional wallet system.
How will I/O Digital handle information bloat?
To relieve data bloat and to allow bitcoin users the ability to utilize DIONS, I/O Digital introduced a Task Codename “I/O Chameleon”. Established over a twelve-month period, I/O Chameleon is a framework which will enable the creation of any variety of unique and interoperable I/O Digital sidechains. These auxiliary blockchains will each have actually unique apartments suited to the set of services and applications that they will support. This network of blockchains, or “superchain”, will manage unequaled versatility to I/O users, permitting any of a number of configurations and functions to be effortlessly embraced depending upon the use case.
The framework itself will look at information from the different chains and give the application of generic control policies via a comprehensive high level API. For end users this indicates access to the full range of I/O Digital works, applications and services from a single user interface– a web front end from which to quickly handle a range of innovative decentralized applications.
Though the blockchains consisting of the Chameleon network will at first be limited to I/O Sidechains, they will include a 2-way Peg to the Bitcoin Blockchain, that will give Bitcoin users the ability to utilize the DIONS system. In the near future, it will be technically possible to consist of other projects, needs to another task develop an especially safe, beneficial function or application, the advancement team with consensus from the community, may opt to incorporate it into Chameleon so that I/O Coin and Bitcoin users may likewise take advantage of it.
I/O Coin was founded in July 2014 by Joel Bosch, the CEO of an Apple IT Solutions company, with over One Decade experience in Management IT Solutions. with a concept and vision to produce a genuine cryptocurrency focusing on easy to use applications. As the blockchain task progressed, I/O Digital was branded as the umbrella for numerous applications and their purpose is to supply advanced blockchain services to people and business interested in the financial and security benefits offered. I/O Digital’s core development team is totally transparent. The group is led by Joel Bosh, Lead Developer Derek Hatton, POS Security & & Systems Management Sam Gabsi, HTML5 Wallet Designer Pat Smuk and Neighborhood & Investor Relations Richard Groen.
I/O Digital is not just a cryptocurrency, however a whole blockchain based decentralized application development job, constructed out on I/O Coin’s blockchain. Anybody is welcome to use the I/O Digital blockchain for their own services, and interested celebrations can contact Richard Groen, the I/O Digital community and financier relations manager at [email protected]!.?.! To read more about I/O Digital please go
to: http://www.iodigital.io/ To trade I/O Coin(IOC)with Bitcoin kindly go to: https://bittrex.com/Market/Index?MarketName=BTC-IOC Check out I/O Coin on bitcointalk
: https://bitcointalk.org/index.php?topic=695855.0 View the I/O Coin roadmap infographic at: http://iocoin.io/upload/ioc_infographic_final_release.jpg Media contact: Name: Richard Groen Email: [email protected]!.?.! Phone: +31(0)853 011 010 This press release is for informative functions just. The
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