IONChain IONC to Zcoin XZC Exchange

Crypto Pair Details: IONC to XZC

IONChain IONC

IONC is the official token of IONChain. It can be utilized by different participants in IONChain ecosystem. The maximum supply of IONC is 800 million. It is going to be released gradually for 20 years. After 20 years, the administrative committee elected by IONChain users using the consensus mechanism will decide whether to re-issue IONC tokens based on the amount of on-chain devices, amount of data being processed and the overall level of IONC abundance in the ecosystem. IoT devices and data access constitute the core parts of IONChain ecosystem, therefore IONC token is going to be used to reward devices and data providers. The yearly supply of IONC tokens increases along with the demand for data access. However, the upper limit is pre-set. IONC token is an indispensable part of the IONChain system as it is a single most crucial part of its ecIONChain aims to solve a wide range of the current problems of IoT networks in terms of data security, data circulation, data sharing and data transactions, thus enhancing the efficiency of the whole IoT ecosystem. IONChain introduces the concept of “One Device, One Coin, One Code” which facilitates the integration of IoT devices with the IONChain blockchain network. With the use of Edge Computing technology, it enables every device on the IoT network to be utilized as a mining machine, making every IoT device that uses IONChain subject to mining rewards. Owing to the use of blockchain technology, the data source will always be reliable and verifiable on the IONChain network. Furthermore, the value ofthe data is quantified and data transfers are fast and secured. This makes it easier for IoT standards to emerge, unlocks a plethora of new IoT application scenarios and boosts the whole industry to enter the next level of development.

Zcoin XZC

Zcoin (XZC) is a cryptocurrency focused on privacy and decentralization. It is the first coin to implement the Zerocoin protocol that enables financial privacy through the power of zero knowledge proofs with a focus on making privacy easy to use. It is also set to be the first to release MTP an ASIC resistant, anti-botnet proof of work algorithm that remains lightweight to verify to ensure fair distribution of coins and decentralized security. Zcoin is an open source decentralized cryptocurrency that focuses on achieving privacy and anonymity for its users while transacting. To achieve this privacy and anonymity, Zcoin uses zero-knowledge proofs via Zerocoin protocol which is one of the most cited cryptography papers at this point in time. In other words, when you transact using Bitcoin or Ethereum or something similar, your transaction history is always linked to your coins by default which makes you vulnerable. That, because all it takes is one link to your personal information or IP to find out the origin of the coins.However, if you transact using Zcoin’s Zerocoin feature, none of your transaction histories is linked to the actual coins and only the receiver and sender know that you have actually exchanged funds. Zerocoin is a cryptocurrency proposed by Johns Hopkins University professor Matthew D. Green and graduate students Ian Miers and Christina Garman as an extension to the Bitcoin protocol that would add true cryptographic anonymity to Bitcoin transactions. Zerocoin was first implemented into a fully functional cryptocurrency released to the public by Poramin Insom, as Zcoin who is also the lead developer, in September 2016. At the initial stage, Zcoin uses the Lyra2z algorithm for proof of work, then they will transition to a Merkle Tree proof of work algorithm, known as MTP. MTP is a unique memory hard algorithm that aims to solve several problems. Memory hard algorithms help prevent the development of ASICs which lead to centralized mining farms. Memory hard algorithms also prevent the use of botnets infecting computers for mining purposes. If a botnet was using up multiple gigs of memory, you’d be likely to notice something is wrong. “The basic concept is that it should establish the same price/cost for a single computation unit on all platforms meaning that there is no single device that should gain a significant advantage over another for the same price hence promoting egalitarian computing.

SOURCE: COINGECKO

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