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Technical Specifications

Project History

After years of PoS proof-of-concept testing and blockchain penetration testing, the I/O Coin development team, lead by its founder Joel Bosh, devised a unique approach to Proof-of-Stake and they started working on I/O Coin. The team opted for a Fair Launch which meant that there would be no ICO and that there would be no coins reserved for the development team. To ensure fair distribution, I/O Coin was launched via X11 Proof-of-Work mining and after 12815 blocks (14 days) the blockchain successfully transitioned to its unique Proof-of-Stake mechanism. The Genesis Block was mined on July 23rd 2014 and for the first 30 blocks the mining reward was 625 IOC, after which the block reward was doubled to 1250 IOC per block, totalling to exactly 16 million PoW I/O Coins. To keep the launch of I/O Coin fair, the dev team did not participate in the mining period.

Since then and over the las 6 years, the development team managed to add several features to the I/O Coin blockchain code without the need of any smart contracts and thus maintaining the high level of security and privacy. Some of these features are:

• Shade Addresses

• DIONS (an alias "DNS" system which can be used instead of the long hex addresses)

• Encrypted AES 256 Single Messaging

• Encrypted AES 256 Group Messaging

• RSA Key Exchange via Encrypted Tunnels

• Encrypted 1MB File Storage & Transfer

The team is currently working on the development of I/O Coin's very own Abstract Smart Contract platform and upcoming side entropy based graph ledger Chameleon​

IOC DEV TEAM Bitcoin Conference Keynote

IOC DEV TEAM Bitcoin Conference internview

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