About IceChain ICO

High-Throughput Transactional System

Unlimited linear scalability using sharding and double-layer blockchain.

WHAT IS ICECHAIN?

The design principles which form the basis of the lceChain network are that the platform is able to scale as needed while not compromising on any level of security and without costing users more in transaction fee. Security, scalability and decentralization are at the core of the lceChain model. Cross shard transactions will be able to be created in a seamless manner which will give a high level of quality within the experience to users. All this, on an ecosystem that will be driven by incentives and able to support a wide variety of alternative platforms to provide users the ability to use one account for all their transactions. Security will be maintained at the same high level regardless of how large the platform scales.

Introducing IceChain

Thousands of digital assets had been curated after Bitcoin and more are still coming. IceChain is one of such but this time, the tide is meant to turn against current limitations of the blockchain technology.

The project on ground wants to make transactions faster and make use of less power for that. To this end, there is set to be ease of transactions on decentralized platforms.

SUPPORT FOR MULTIPLE TRANSACTIONS

If you have been trading on cryptocurrencies and have had contact with the blockchain technology, you must have realized that the platform is not entirely free of hitches. Currently, there have been continued delay in transactions and this had necessitated platforms that want to make the system faster.

IceChain is perhaps better than other viable solutions and few citations will suffice to lay credence to the assertion. Most times, there has been comparison between crypto coins and fiat currencies as well as payment solution such as VISA. The reason for this was because blockchain transactions were quite slow.

The solution pioneered by IceChain features the popular shard technology. This allows multiple transactions to be conducted at the same time. When compared with Bitcoin’s, it is crystal clear that IceChain will be able to support concurrent transactions and still have ability to scale all in real-time.

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SHARD TECHNOLOGY

The reason behind IceChain’s shard technology was to become viable option to Bitcoin’s proof of work (PoW) algorithm. The idea here is that transactions that were hitherto delayed on other blockchains because of longer time taken to save information in blocks will now be facilitated by the shard technology that does not necessarily require a ledger to store data.

REDUCED POWER AND COSTS

Another downside being solved is hash power rates and transaction costs. On other chain networks, much hash power is often required to process transactions and there is also the cost to be considered.

On IceChain, fees might even be waved off (depending on the transaction) and the incidence of using much power might be non-existent as transactions are ongoing without lags. Therefore, there won’t be need to have extra power to complete lagged transactions. It also has capability to conduct 100,000 transactions every second.

TECHNOLOGY

As part of its mission to the blockchain decentralized and faster, IceChain has double layers that allows for high throughput. There is also security against double spending just as its smart contract will be powered by the Ethereum Virtual Machine.

CHAIN NETWORKS

IceChain operates dual chains. The first is the head chain that will be model for decentralizing the system. It has the capability to attain 100% hash power rate and when this becomes the case, the platform will then be patterned as a blockchain of its own. There are about 10 smaller blockchains that will help the head chain in its operations.

SOLUTION FOR DOUBLE SPENDING

It is pertinent to note that double spend attacks are possible on other platforms because there was obvious centralization of hash power. This allowed miners form pools and obtain hash powers that are in turn used in double spend attacks on the system.

On IceChain, there is outright decentralization that redistributes 50% hash power across the network. This makes sure that no one has monopoly to take over the system by virtue of having more hash power in his possession.

TECHNOLOGY

Blockchain Redefined

Double-layer blockchain

IceChain is a double-layer blockchain

Scalability

Horizontal scalability using clusters of nodes

Smart contracts

Supports smart contracts via EVM

Double spending security

Protected by distribution of the hash power

Mass adoption possibilities

Food-tech, Retailers, Financial Services, Logistics, IoT

Over 100 000 transaction per second

Using sharding, scalability and double-layer blockchain

PERFECT BLOCKCHAIN

From the foregoing of its solutions, there leaves no doubt that IceChain might just be the perfect model of what a blockchain should be. For instance, there is complete decentralization and securities that will prevent double spend attacks.

Additionally, transactions fees will be reduced just as the system can be able to conduct transactions in real-time and fast too. Interestingly, IceChain has future prospects as multiple platforms such as IoT, Retailers and financial platforms will find it useful; thereby leading to its faster adoption.

TOKEN SPECIFICATION

Ticker: ICH

Platform: Ethereum

Token Standard: ERC-20

Token Type: Utility Token

ICO

Start: Nov 01, 2018 (20:00 UTC)

ICO RATE: 1 ETH = 16 700 ICH

End: Nov 15, 2018 (20:00 UTC)

MAXIMUM WHITELISTED PARTICIPANTS

(LOTTERY WINNERS) : 999

DISTRIBUTION OF TOKENS

40% Private sale

25% Mining, Research, and Development

20% Public sale

10% Team

5% Bounty, rewards

IceChain Roadmap

December 2017: Current blockchains analysis

January 2018: Scalability problem research

March 2018: IceChain development

May 2018: Draft programming tasks

August 2018: Whitepaper release

September 2018: Private sale

October 2018: Token distribution

January 2019: Testnet v0.1

April 2019: Testnet v1.0 (with smart contract support)

June 2019: IceChain Alliance

July 2019: Making the source code public

August 2019: Mainnet v1.0

October 2019: Wallet release

December 2019: Android/iOS app release

TEAM

Daniel Ling: Founder

Chao Liu: Project Lead Developer

Huy Dang: Blockchain Developer

David Lun: Software Developer

Monica Tang: Software Engineer

Ling Deng: Software Engineer

Website: https://icechain.io

Whitepaper: https://icechain.io/icechhain_whitepaper_v0.1.pdf

Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5057035

Twitter: https://twitter.com/theicechain

Telegram: https://t.me/theicechain

Reddit: https://www.reddit.com/user/theicechain

Steemit: https://steemit.com/@icechain

Linkedin: https://www.linkedin.com/company/iceblockchain/

===========================================

Yours sincerely

Good luck on the target

Thank you

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1229230

ETH Address: 0x29AF24D027E5A0A74427A2A4D5dDFe09803D5F93

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Wong linglong3

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