Welcome to the I/O Coin Wiki!
This wiki has been made by to community for the community to provide information and documentation about the I/O Coin blockchain and how to use its many features.
Network | |
Genesis Block | Fair Launch July 24, 2014 |
Consensus | POS CiPher |
Max. Block Size | 4MB |
Max Data Per Block | 1MB |
Block Time | ~Variable 60 to 15 seconds |
P2P Port | 33764 |
RPC Port | 33765 |
Coin | |
Current Supply | 18,724,480 |
Staking Rewards | 1.5 IOC per block + transaction fees |
Number Of POW Coins | 16,000,000 |
1 Year Inflation per 60 sec Blocks | 788,400 |
30 Year Max Supply per Constant 60 sec Blocks | 42,376,480 |
30 Year Max Supply per Constant 15 sec Blocks | 107,419,480 |
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
Last modified 1yr ago