iOC

iOC was fair launched on July 24th, 2014. IOC is a Privacy based cryptocurrency and blockchain ecosystem project. IOC was initially launched via POW X11 (video card resistant) algorithm. The difficult mining period lasted for 2 weeks. This in order to properly and fairly distribute 16M coins before switching over to our own unique flavor of Proof of Stake Cipher to secure our blockchain. There are around 18 Million iOC in circulation with a 1.5 IOC staking reward per block. The remaining IOC are minted via POS reward system for Stakers who work on confirming transactions. Stakers also receive transaction fees from on chain services. Their is no governance model. We value freedom and the community was built with a free, fair minded and decentralized spirit. IOC was launched without any Initial Coin Offer (ICO) or Premine.

Our unique DNS system allows for the creation of private and public aliases enabling sending and receiving of iOC but also to upload, attach, and transfer up to a 1MB file. DIONS stands for Decentralized Input/Output Name Server. 

The iOC blockchain enables users to build apps and natively message any enabled alias in iOC by creating encrypted tunnels for private messaging.

iOC block size allows for up to four times the capacity of Bitcoin blocks. It is also capable of carrying 1MB of AES 256 Encrypted Data storage  per block.

Under normal transaction load, blocks confirm at 60-second intervals. As transactions pick up, blocks can confirm as quickly as 16 seconds.