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November 16, 2013, 10:44:32 PM |
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I0coin
What is I0coin?
I0coin is an open source digital currency, based on the cryptocurrency Bitcoin, which is distributed over a peer-to-peer network to offer irreversible, low-cost, anonymous and decentralized monetary transactions. Ixcoin is the first Bitcoin clone or Alternative chain, created in May 2011 just a few weeks after the distributed DNS Namecoin and right after the creation of Ixcoin which some people believed to be a scam, they actually hold quite a nice story together. Today, there exists many Bitcoin clones.
I0coins are the unit of currency of the I0coin system. Similarly to Bitcoin's BTC, a commonly used shorthand for this is “I0C” to refer to a price or amount (eg: “100 I0C”). An I0coin isn't tangible. It is just a number associated with a I0coin Address, which is a string of 33 numbers and letters which begin with the letter j such as jYVw2UyyFdeLdUmV49w2fuArce2RHVSrnp. See also an easy intro to bitcoin.
How does I0coin differ from Ixcoin?
The confirmation time is 4 times faster!
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