I/O Coin (IOC), a cryptocurrency has announced the preparation of a final beta test for the release of its Blockchain update: ‘Decentralized Input Output Name Server (DIONS)’ (Decentralized Input / Output Name Server).
The IOC team previously created an HTML5 portfolio, an alternative for Bitcoin portfolios.
IOC has what its developers consider the best of PoW and PoS technologies.
IOC was at an initial price of INR 169.87 on 1 September 2017 and then its price spiked up to INR 226.19 on 30 September 2017.
IOC was at an initial price of INR 214.64 on 1 October 2017 and then its price stabilised at INR 237.55 on 31 October 2017.
IOC was at an initial price of INR 185.46 on 1 November 2017 and then its price moved to INR 197.27 on 30 November 2017.
IOC was at an initial price of INR 226.08 on 1 December 2017 and was seen trading at to INR 220.66 on 31 December 2017.
IOC was at an initial price of INR 231.50 on 2 January 2018 and dipped down to INR 193.32 on 31 January 2018.
IOC was at an initial price of INR 195.64 on 1 February 2018 and took a downward dip to INR 120.97 on 28 February 2018.
Launched as a cryptocurrency based on PoW X11, IOC only deals with a PoS I/O. IOC uses a volume-controlled Blockchain that can execute instant transfers that receive confirmations in less than 30 seconds.
With blocking times of one minute, the chain of I/O blocks has proven to be 10 times faster than Bitcoin, according to the company.
In December 2014, the development team proposed an update to the main IOC Blockchain, called DIONS: its decentralized name server, AES 256 encryption, data storage, messaging and a decentralized system ‘GPGTOOLS’, which would provide an advantage over Bitcoin, according to the development team.
Characteristics encoded in the HTML5 portfolio
The Blockchain DIONS also provides identity storage, avatar creation and transferable encrypted document storage capabilities among users. All features are encoded in an HTML5 wallet, which is also easy to use.
DIONS will have a decoded and decentralized ‘chat’ system, from end to end, with a built-in AES 256 encryption. The feature will allow users to send private and encrypted messages, and will also offer an option to transmit messages to a wider audience. The chat feature offers an option for developers to create a decentralized service of micro-blogging that is resistant to censorship.