I/O Coin (IOC) DiONS VM | Messaging | Data Storage | Chameleon | DeFi

[surestrike]

Big News! September 17th

POS 3 WhitePaper will be released on Friday. We Will be the only Pos coin with POS 3. Implementation to come with HTML5 Wallet.

I've seen several other coins claiming to have HTML 5 wallets now.  What is POS 3 suppose to bring to the table?

Is a significant update to the code, whitepaper will be out friday.

POS Explained: http://en.wikipedia.org/wiki/Proof-of-stake

"#Peercoin's proof-of-stake system is based around the concept of "coin age", a number obtained from the product of the currency amount held times the amount of time it has been held for. When generating a proof-of-stake block, the user sends some money to themselves, consuming their coin age in exchange for a preset reward. This minting transaction becomes more likely to succeed over time until a valid block is found, generating a new block on the blockchain and a payout for the proving user.[2][3][4] This process secures the network and gradually produces new coins over time without consuming significant computational power.[5]

Both proof-of-work and proof-of-stake blocks are used in Peercoin, although the main #blockchain is determined by the highest total consumed coin age (from proof-of-stake generation) instead of the total combined difficulty of the chain (determined by proof-of-work blocks, as in Bitcoin). Peercoin's developer claims that this makes a malicious attack on the network more difficult.[2][6]

The first 100% proof-of-stake system was #NXT ."

Also READ: https://cryptocointalk.com/topic/700-proof-of-stake-explained-rough-draft/

AND: http://bitcoinmagazine.com/6528/what-proof-of-stake-is-and-why-it-matters/

Now hopefully fellow #iocoin users here and investors of other POS coins can understand much better the significance of POS and importantly, why it is VITAL to keeping improving it.

SO......

Proof Of Stake is also the process that works out 'minting' which we all know as the small amount of interest that you get by staking your wallet.

Staking your wallet is very important, because you help support the network.

What POS 3 will bring to the table is further improved security to the block chain, which should help almost banish (i say almost as nothing is impossible) 51% attacks and 'Double Spending'.  

It is a FIRST in crypto, yet again, #iocoin is leading the way in innovations, many people will not and do not understand POS, but it is the lifeline of the #crypto coin.  It is more important, than any fancy feature you cna think of, without a solid POS, the coin will fail.

POS 3. Is quite groundbreaking in the way it solves the problems faced by ALL other POS coins that do not have POS 3.  

Further more, it takes a highly skilled Developer to create a new POS system. Needless to say #I/Ocoin has some of the best developers in the business.

Just because they are not rated by #cryptoasian  and as they can not be public, people will just have to use common sense and only need to look  at what I/Ocoin has developed in quite a short time, to see they are as good as we say.

And just for the record, most of those 'public Devs' are hiding behind fake profiles, so take that POS rating system with a pinch of salt.

Regarding the HTML5 wallet.  There is a reason no-one has done it before, again it takes TOP CLASS DEVELOPERS to create a new desktop wallet not based on the old QT client.  Again, we are close to releasing this, as our loyal followers will see.  Others coins talk the talk, but only #iocoin walks the walk!

[slifersky]

I endra Greetings from Indonesia 

[IO Dev Team]

Just a quick update about the #Facebook #iocoin competition.

What you will need to do.

1- Make sure you have the latest I/Ocoin wallet. Download from here: http://iocoin.io/

When you download your wallet. Please open it every day. This makes sure your wallet is up to date, fully synchronized wallets receive coins much faster!

2- Create your own unique user name #ions so people can easily send you payments. Video guide here:
https://www.youtube.com/watch?v=v7DFJV1nxI8  (note you will need 200 i/ocoins to pay for registering your name.

Once you have registered your name and liked us on facebook. Post your name here  (example: iofund-io)
and we will send you 200 coins to cover the costs.  (limited offer so act now)

That's all.   Very easy.   The winner from Facebook will have the prize sent to their username!

Many thanks from all the team.

[sylph93]

Just a quick update about the #Facebook #iocoin competition.

What you will need to do.

1- Make sure you have the latest I/Ocoin wallet. Download from here: http://iocoin.io/

When you download your wallet. Please open it every day. This makes sure your wallet is up to date, fully synchronized wallets receive coins much faster!

2- Create your own unique user name #ions so people can easily send you payments. Video guide here:
https://www.youtube.com/watch?v=v7DFJV1nxI8  (note you will need 200 i/ocoins to pay for registering your name.

Once you have registered your name and liked us on facebook. Post your name here  (example: iofund-io)
and we will send you 200 coins to cover the costs.  (limited offer so act now)

That's all.   Very easy.   The winner from Facebook will have the prize sent to their username!

Many thanks from all the team.

I liked on Facebook. Send me 200, Max-io

[surestrike]

Just a quick update about the #Facebook #iocoin competition.

What you will need to do.

1- Make sure you have the latest I/Ocoin wallet. Download from here: http://iocoin.io/

When you download your wallet. Please open it every day. This makes sure your wallet is up to date, fully synchronized wallets receive coins much faster!

2- Create your own unique user name #ions so people can easily send you payments. Video guide here:
https://www.youtube.com/watch?v=v7DFJV1nxI8  (note you will need 200 i/ocoins to pay for registering your name.

Once you have registered your name and liked us on facebook. Post your name here  (example: iofund-io)
and we will send you 200 coins to cover the costs.  (limited offer so act now)

That's all.   Very easy.   The winner from Facebook will have the prize sent to their username!

Many thanks from all the team.

I liked on Facebook. Send me 200, Max-io

Hi Max-io !

I just checked the Address Book, in the IONS tab, in the new #iocoin wallet and i can confirm your name is there and i have sent you the 200 I/Ocoin. Welcome to the VIP club!

Also Since you have a IONS name, you are now automatically entered into the monthly draw, as long as you have liked us on Facebook , as it is a #Facebook exclusive #Giveaway.

[sylph93]

Just a quick update about the #Facebook #iocoin competition.

What you will need to do.

1- Make sure you have the latest I/Ocoin wallet. Download from here: http://iocoin.io/

When you download your wallet. Please open it every day. This makes sure your wallet is up to date, fully synchronized wallets receive coins much faster!

2- Create your own unique user name #ions so people can easily send you payments. Video guide here:
https://www.youtube.com/watch?v=v7DFJV1nxI8  (note you will need 200 i/ocoins to pay for registering your name.

Once you have registered your name and liked us on facebook. Post your name here  (example: iofund-io)
and we will send you 200 coins to cover the costs.  (limited offer so act now)

That's all.   Very easy.   The winner from Facebook will have the prize sent to their username!

Many thanks from all the team.

I liked on Facebook. Send me 200, Max-io

Hi Max-io !

I just checked the Address Book, in the IONS tab, in the new #iocoin wallet and i can confirm your name is there and i have sent you the 200 I/Ocoin. Welcome to the VIP club!

Also Since you have a IONS name, you are now automatically entered into the monthly draw, as long as you have liked us on Facebook , as it is a #Facebook exclusive #Giveaway.

Thanks, I received coin via IONS. It works.

[fvckbitcoin]

It's a great and valuable coins
i hope it can beat bitcoin price soon 
#iocoin is a really fantastic coin and i can see it has a very good future

[SalimNagamato]

its interesting coin
but what if io nameserver shuts down ?
too centralized
should invent decentralized nameserver

[IO Dev Team]

Special Announcement

September 19th

The New

I/O Coin POS I/O

WhitePaper

http://www.docdroid.net/hvjr/io-coin-pos-io.pdf.html

ps. POS I/O was vetted by Rat4 so we want to thank Rat4 from [BlackCoin] for his thorough review of the code.

[IO Dev Team]

I/O Coin

The New POS I/O Protocol V 3.0

Introduction
whitepaper

Abstract

Make time required for generation of new blocks dependent on the number of transactions. Implement deflation mechanism to mitigate market volume volatility.

Motivation

Several problems that are observed in I/Ocoin and other digital currencies (including Bitcoin) could be solved, by using awaited transactions dependent on block time:

1. Abruptly decreasing mint-rates.
2. Occasional block time lag.
3. inflationary money supply that is independent of market demand.
4. Impossibility of early taking money from the minting deposit.

Specification

1. Difficulty target of minting block depends on transactions fee for this block exponentially with a minimal limit.
2. Transactions fee eliminated from rewards.
3. New type of blocks starts at block height 100 000.

Backward compatibility

Older clients need mandatory update.

Discussions

The mechanism of mitigating the difficulty barrier has both pros and cons. The primary advantage is the ability of the network to speed up desirable transactions. The primary disadvantage is the dangers of double spend attacks. Another possible attack is an attempt of a selfish node attempting to gain an unfair advantage in minting. The here proposed mechanism retains all the advantages and eliminates the disadvantages. In this system users can speed up their transactions not only by increasing the fee by promotion in order, but also by decreasing block time. A double spend attack in this system becomes too expensive. In addition an attempt to get unfair advantage becomes also increasingly expensive. This is an advantage: now any node can speed up PoS-minting by destruction fee (and loss of profit) in a private (not sent to network, until stacked into the block) transaction. Currently PoS-coins are inflationary. The proposed improvement allows a market-based mechanism of volume control.

In this new system we have two concurrent processes: inflation of coin volume by minting and deflation of coin volume by destruction of fees. When the volume becomes insufficient to ensure the demands on the market, each coin and accordingly each transaction fee become more expensive. Transactions rates and eventually coin destruction rates decrease, and full volume increases. In the opposite circumstance transaction rates and eventually coin destruction rates increase and full volume deflates further.

Proposed Implementation

Block height 100k

POS I/O Code Vetting by

Rat4 (BlackCoin Lead Dev, Creator of POS 2.0)

[IO Dev Team]

Official Announcement

We are releasing POS I/O with Protocol V.3 and our HTML5 Wallet This Week.

There will be a surprise with it.

Stay tuned

[surestrike]

Official Announcement

We are releasing POS I/O with Protocol V.3 and our HTML5 Wallet This Week.

There will be a surprise with it.

Stay tuned

Hopefully people will have some sort of understanding of the big leap forward V.3 is for POS and I/Ocoin.  Not only that, people should be very happy with the new HTML5 wallet.  It clearly shows the top class skills of the developers behind this coin.

Also, i am still utterly shocked we only have 93 users of IONS.    It seems people like to be able to send and receive coins the old way, having long and very hard to remember addresses, made up of Lower-case, Upper-case letter and numbers.

#IONS is one of the very best features ever made in #crypto !  We need more people to use it, then they would see for themselves.

Also, please remember to stake your #iocoin wallets!   Its very easy to do. See this video showing exactly how easy it is and showing exactly how easy it is to pay someone who has a IONS username.

I/Ocoin is the best #investment a #trader can make right now. 

https://www.youtube.com/watch?v=ZS7scMgQXhI

[davidar]

I know this coin from grub fb my fb name david agus Rahmanto and I davidar-io io I may be a lucky man and get a prize every day thanks io io

[surestrike]

New Posters.  Say a little something about yourself.

Name (Facebook & twitter if you like):
Where you live:
What languages you speak:
Why you like I/Ocoin:


EG.  

S Gale, surestrike  (forums and twitter), I/Ocoin community manager
I live in Slovakia , in Eastern Europe.
I speak English and a little Slovak.

I like I/Ocoin because of the fantastic developments being made and the fact it is staying non Anon, which means real world business will be able to use it. Plus the fact is has the hardest working people in crypto behind it , with some of the best Developers in the world!

[johnnyrocket]

I just saw you guys post a screenshot of the new HTML5 wallet, and I must say -- it looks awesome!

[IO Dev Team]

For all our friends from Indonesia, there is now a Indonesian translation for this announcement.

https://bitcointalk.org/index.php?topic=791993.0

I am sure it will be a very active forum with lots of great people.

Thank you to Bagus-io for creating the translation.

[surestrike]

I just saw you guys post a screenshot of the new HTML5 wallet, and I must say -- it looks awesome!

HTML5 Crypto Wallets have never been done before because of the high skill required in taking hte old QT client and creating a new, never seen before HTML 5 wallet for a crypto coin.

#iocoin is the first to have a fully working HTML 5 wallet that also looks good and will have some fantastic features added to it, in the near future.

Many people still think this coin was created by a Pump group, there was a group who bought the coin at the start, then dumped in our faces at 13k causing #iocoin to be at the price it is today.  But that is long gone now.

I/Ocoin has the hardest working people in crypto behind it and the most genuine people also.  No other coins, apart from maybe #vericoin can say the same.

Crypto investors need to think about what they are putting their hard earned money into.  With I/Ocoin you can go to sleep holding these coins knowing the devs will not run off in the middle of the night with all your btc!

Do not fall for any more vapor ware, that's promises of fantastic features from other crypto coins that will NEVER get made. The only good things these other coins know how to do is make threads with vapor ware posters. People cna buying these coins and they are going to be broke!


I/Ocoin keeps delivering!  PoS v3 soon to be released, HTML5 Wallet, IONS!   Show me another coin that has created crypto history?

[KIRAZ]

When will be the HTML5 wallet gona release? Any date yet But anyways I sure will be watching this thread.

[johnnyrocket]

When will be the HTML5 wallet gona release? Any date yet But anyways I sure will be watching this thread.

That's the question on everyone's mind. The screenshots look great, and I'm excited to be able to use the new wallet too.

[Stenull]

Official Announcement

We are releasing POS I/O with Protocol V.3 and our HTML5 Wallet This Week.

There will be a surprise with it.

Stay tuned

Exciting