IceChain Is A Solution to Skalabel Blockchain

November 10, 2018

Distributed ledgers are shared databases based on consensus and synchronized across networks spread across many sites, institutions or geographies. This allows transactions to have public witnesses, making cyber attacks more difficult. Participants at each network node can access recordings. which is shared across the network and can have identical copies.

Furthermore, any changes or additions made to the ledger are reflected and copied to all participants in seconds or minutes. Underlying the distributed ledger technology is the blockchain which is the technology underlying Bitcoin.

More hash strength is needed for computing than the rest of the tasks needed to complete the process. With this in mind, lceChain operates under a type of dividing and conquering approach that will separate the above functions through two separate layers. This will allow for high levels of scalability while security levels well maintained throughout scaling. By using elastic sharding layers, smaller fractions on the blockchain can be registered in the layer.

The design proposed by lceChain makes it possible for new approaches in the blockchain market, given the relationship of single and multiple blockchain systems. When the entire head chain reaches 100% hash strength, the lceChain network will reposition itself as a single blockchain in which it changes as needed, if needed.

This may be because it does not have mining fragments and many weaker miner pools are working together and adding many small blocks together allows for the size of the head chain to be infinite. If the main chain hash strength becomes 0%, the lceChain system will do it independently operating within a double blockchain system because each shard lceChain is an independent blockchain that operates together the same in a double blockchain system. It also allows the highest level of decentralization.

The lceChain network will have a level of decentralization that is much higher than the other existing blockchain systems, with the same level of security. This is the benefit of allocating only 50% of the hash power in the head chain and integrating sharding technology that facilitates increased capacity in relation to the number of transactions processed.

This helps in enabling scalability on the network whenever needed without the need to compromise on efficiency and time. This also creates a higher than average decentralization rate compared to the normal blockchain and better security offers by maintaining half the hash strength in the main chain.

Key Features in the lceChain Network are:

- AceChain maintains the option of horizontal scalability, running each node as a full node that creates the same security against attacks as what traditional blockchain offers.

- The lceChain network is designed from the start with this scalability feature in mind, so that it will run smoothly and will offer high throughput.

- The lceChain network is safe and well protected by a 50% hash power distribution

lceChain is operated by specifying one of the two fractions that will be allowed to survive through having nodes comparing the corresponding chains and only allowing one longer to survive. This type of system will be much more difficult to attack because it will require manipulating at least 51% of the power overall hash to survive.

The lceChain network will overcome this problem through implementing several trust nodes that will cluster in order to run like super full nodes. Each node will only be able to validate a small part of the chain and group the set of parts that cover the chain head. If one node crashes it will not be an emergency because other nodes will continue to run and continue to validate blocking with the ability of any of the two nodes to cluster. Miners' incentives will encourage the formation of clusters that will have the result of encouraging miners to work together.

The IceChain team is located in Macao, using the best developers available. The theoretical background for this new technology is carried out by a development team that is actively working with professionals in all related fields. Macao is a place where innovation is considered an important factor for successful growth and company sustainability.

Distribution of IceChain tokens (ICH)

There will be 1 billion IceChain tokens in total

40% of these tokens are sold with private sales.

25% is reserved for future development and reward miners, after mainnet live.

20% will be sold with general sales

10% will be provided for the IceChain Team.

The remaining 5% will be provided for prizes

Website: https://icechain.io/

Whitepaper: https://icechain.io/icechhain_whitepaper_v0.1.pdf

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