Only a limited amount of information can be stored in one block causing a longer time to
wait on the blockchain. The transactional results will make a confirmation in the previous ledger to the mined block to reach the proof of work needed. This is a system that creates confidence in security that other users cannot install a system with a mining fork, because doing so will hurt users too much money and therefore not be a feasible plan.
What does the hash power do? This is a new mine or altcoin, counting blocks, processing transactions added to the blockchain and so on. So the higher the hash strength, the more efficient and cost-effective the network operates. This is why bitcoin miners spend thousands of sophisticated graphics cards, because they enable more transactions much faster.
The design principles that form the basis of the lceChain network are that these platforms are capable of the required scale while not sacrificing any level of security and without more user costs in transaction costs. Security, scalability and decentralization are the core of the lceChain model. a seamless way that will provide a high level of quality in the experience for users.
All of this, in an ecosystem that will be driven by incentives and able to support various alternative platforms to give users the ability to use one account for all their transactions. Security will be maintained at the same high level regardless of the scale of the platform.
Under the lceChain platform there will be the ability to issue block prizes and use less
overall power hash. Prize beams will be provided on a proportional basis which will reduce the overall energy needed for mining and make the platform economically efficient.
Scaling is the main problem for traditional blockchain
now. Under the lceChain system, this will be removed and the platform will have the ability to measure accordingly to allow a number of users to make transactions
at the same time.
The contemporary function of blockchain technology offers two basic functions in each block found in the chain. There is a ledger that includes the current ledger and confirmation needed to approve transactions from the ledger and go to the mine block to achieve the desired difficult level that creates evidence of work .
Ledgers have the main benefit of offering a large area where data can be stored which will include an up-to-date ledger and constantly notation of all new transactions when they occur. Included in this case are source, code execution, destination and number of transactions.
The technologies that IceChain uses in project development are:
-Double layer
IceChain blockchain is double layer blockchain
-Scalability
Horizontal scalability using cluster nodes
-Smart
contract Supports smart contracts through EVM
-Double spending security
Protected by hash power distribution
-Possible bulk adoption of
Food Technology, Retailers , Financial Services, Logistics, IoT
- More than 100 000 transactions per second
Using sharding, scalability and double-layer blockchain
These are built from the last generation of platforms from the remaining digital currency platforms and will allow lceChain to have the dominant level in the industry. In the future, the long way of transactions will be obsolete because customers will choose services that allow them to facilitate their transactions at the lowest cost in the fastest time with the highest level of security.
Website: https://icechain.io/
Whitepaper: https://icechain.io/icechhain_whitepaper_v0.1.pdf
Facebook: https://www.facebook.com/theicechain
Twitter: https://twitter.com/theicechain
Telegram : https://t.me/theicechain
Ann Thread: https://bitcointalk.org/index.php?topic=5057035
Username : Ozie94
ETH : 0xDa2F65ea0ED1948576694e44b54637ebeCA22576
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