What is I/O Coin?

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I/O Coin (IOC)

Website

I/O Coin (IOC) is a cryptocurrency. It was released in the early days of the July month, the year 2016. According to IOC developers, the key focus of their team has been to facilitate market usability and encourage merchant adoption. Whether you are a customer or a merchant, your experience will be fast, effortless, and secure. To reach an optimal balance between security and efficiency.

How IOC works?

IOC  adopts a proof of stake model of verifying transactions on the blockchain. The proof of stake (POS) has an energy-efficient and economical. It requires showing ownership of a certain amount of money, which means that the more currency tokens you own, the more mining power you will have. The POS helps in eliminating the need for massive power amount since the calculations are easy to prove, which makes IOC an Eco-friendly coin.

The IOC platform has also developed a decentralized name server referred as Di/ONS- this server allows you to register a username and match it to a hexadecimal address. The hexadecimal address is a uniquely composed of many numbers and letters. Each IOC token will have real value.

The address allows you to send and receive money using a human-readable name like James-IO, Bill-IO, John-IO, etc. You will know who you are making the transaction to while maintaining privacy. It was made possible with a uniquely generated ID that is attached to your username.

I/O Coin Video Illustration

https://www.youtube.com/watch?v=NcrwqHAfIb4

Mobile wallet

The mobile wallet of IOC allows you to receive and send I/o digital currency with the use of your registered username. The wallet helps you to not worry about memorizing long addresses no more. You just need to remember your recipient’s username, then you will be able to send funds to him/her.

Author

  • Zarihoun Traore

    Hello, I'm Zarihoun Traore, the founder and driving force behind Cryptostec. With over nine years of experience in the crypto, financial, and payment sectors, I have dedicated my career to understanding and navigating these dynamic industries. My journey has taken me through a variety of roles and projects, from SaaS and Fintech startups to casino brands, each contributing to the depth of knowledge I share with you today.My JourneyI have had the privilege of presenting at prominent events like CryptoFinance and attending numerous key conferences such as Websummit, Paris Blockchain Week, and iFX EXPO. These experiences have been invaluable, allowing me to engage with industry leaders, stay ahead of emerging trends, and bring back insights that shape the content you find on Cryptostec.

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