
I/O Digital FAQ….Information about the cryptocurrency IOC
QUESTION
What is I/O Digital, I/O Digital Foundation, IOCOIN, Chameleon, DIONS?
ANSWER
I/O Digital is the umbrella of the entire I/O Digital blockchain ecosystem / Platform being built.
I/O Digital Foundation is a not-for-profit organization that supports and develops software for the I/O Digital Ecosystem/Platform.
IOCOIN is the token/ currency (IOC). IOCOIN is its own blockchain and not an erc20 token.
Chameleon is the expansion to the I/O Digital Blockchain ecosystem that offers blockchain interoperability and smart contracts and will be its own blockchain.
DIONS (Decentralized Input Output Name Server) is the blockchain upgrade that will allow for additional features such as encrypted AES 256 messaging, data storage, data transfer, alias creation, registration, encryption, and decryption.
QUESTION
What upgrade will the DIONS bring?
ANSWER
Aliases- Users will be able to create and register aliases both public (decrypted), or private (encrypted). Aliases will be transferable to other users.
Data- Users can upload any type of file or document enecrypted AES 256 attached to private key directly into the blockchain currently up to 1 file and 1 mb per address.
Messaging- Users can instant message directly with one another directly through the blockchain using AES 256 encryption for small fee. The new HTML wallet allows for easy access and interface to the messaging capabilities.
QUESTION
How can I start staking?
ANSWER
To begin staking simply unlock wallet and enable staking. Make sure when you encrypt wallet for first time you write down password or you may lose access to coins.
QUESTION
Is there a minimum amount coins required to stake?
ANSWER
There is no minimum amount of coins required to stake. However, the more coins one has staking, the greater chance of rewards.
QUESTION
What are the rewards given to stakers?
ANSWER
In Proof-Of-Stake system the stakers secure the network by staking their coins, in return receive rewards. These rewards are generated from transaction fees, registration fees, data storage, transfers, and messaging fees.
QUESTION
Are the created aliases, data, or messages stored on a server?
ANSWER
No. All name creation, registration, data, and messaging is transacted directly through the blockchain using the most secure quantum resistant AES 256 encryption. The new wallet (client) is completely designed and coded from scratch to allow a one and only user friendly and completely decentralized means of using the blockchain
Question
How was IOC launched?
Answer
IOC was launched with no ICO in 2014. IOC officially released POW and transittioned to POS
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IOC Donation Address
ihzqUE71xyx3fPPMFs8VCbi4KoxMXT4fYJ
