ROADMAP ANNOUNCEMENT June 17th 2015Hi there fellow I/O community members.
Finally we have all our plans written down in a format that is easy to read and understand.
After developing the basic projects (HTML 5 wallet, Gift card, iocoinhub, android wallet and IONS (semi central - Aliases ) to support I/O Coin, we started to think about the future of digital currency and the technology basics. IONS gave us the opportunity to fully test the power of usernames but it was not fully decentralized. It was a start to our user friendly vision and as of October 2014, we defined a new project called DIONS. DIONS and the ideas behind it would change our focus completely. At the time DIONS represented Decentralized Input Output Name Spaces, but more importantly now DIONS also represents “Data on the blockchain”.
The underlying technology of every digital currency (like Bitcoin) is the network – the blockchain. Most digital currencies focus on new wallets, public adoption and functionalities based on the coin they launched. We think different. We focus on the carrying technology – the blockchain.
All news sites are reporting that blockchain technology is the future in decentralized services. For banks, but also for businesses that have services that could use the blockchain technology. So we were right about that in the early days and therefore we have a big advantage above other initiatives.
Focussing on blockchain development and making it possible to store data in a decentralized blockchain, opens up great opportunities. Think of storing copyrights in a de-central network or create arbitrary services that use this network. Large corporations, banks and institutions are investigating or actually investing in blockchain technology. This is our target group. Blockchain adoption. All this services will require I/O Coins as base fee where the stakers will earn the fees.
Introducing I/O DigitalTo streamline our efforts we decided to launch a new overall label, I/O Digital. Today we introduce I/O Digital as main label for all our activities. All sub projects are part of the I/O Digital family like I/O Coin, DIONS, Chameleon and DIOEX. A new website will be released within a day or so:
www.iodigital.io Do not think that I/O Coin is left behind. I/O Coin is the most valuable asset of I/O Digital. We will also continue to develop the I/O Coin features next to our overall blockchain goals.
We are also closely approaching DIONS release. We have a full working DIONS chain in a private bitbucket, this to avoid any potential copy of our code. We are currently integrating DIONS to our brand new HTML5 wallets, that will be equipped to support all future development.
!! We have more good news !! We also have 95% of Chameleon coded up. For now we will focus on a successful release of DIONS and will follow up with Chameleon.
Giving back to the stakersThe network must be strong and secure. Stakers help securing the network and are rewarded with staking %. On top of this standard stake reward we will reward the people staking even more. As the roadmap explains, storing data in the blockchain will need I/O Coin to be payed. (this will also create some kind of buy pressure). All fees collected for the storage of data in the blockchain will go to the stakers as an extra incentive. These rewards will be shown separately in your wallet.
The amount mentioned looks to be tiny, but rest assure that when companies will use the chain for their services, these fees can grow exponentially. We are also leaving some room to discuss these fees with the community before launch.
QuestionsPlease feel free to ask questions about our goals and projects.
We would like to ask you to use BCT thread, iocoinhub or slack for that.
Thank you for all your efforts to spread the word about I/O Coin and I/O Digital. This is highly appreciated.
Joel, Derek, Sam, Richard
THE ROADMAP v1
Link to the full screen image
http://iocoinhub.io/uploads/ioc_infographic.jpg
