iOC a privacy based alternative to Bitcoin

I/O CoinI/O Coin
medium.com2y ago

In late 2017 the iOC Dev team introduced a fully revamped DAPP wallet system. The UI was set to accommodate all the new DIONS features. Although it proved to be a big challenge moving from a single feature to a multi feature wallet, the team was able to make it all work. This was another battle and goal met by the team. The wallet system was a fully decentralized wallet, which enabled all the features that were available in the QT, the original HTMl5 wallet and all the DIONS features. The team was also able to streamline calls to the daemon in order to further optimize it while at the same time keeping it a fully stakable.

This was the first DAPP wallet in the market. Making it fully accessible to all decentralized features on the iOC Blockchain without requiring the need of a smart enabled contract. The iOC Blockchain was also enabled for identity storage, via Private and Public identities. The dapp wallet gave users the option to store their own personal identification and allowed for the user to be in full control of who could view and share their attachment files or identities. The avatar creation also allowed for storing art and pictures. Deeds, copyrights, trademarks, proof of ownership, data and much more. All of which utilized the highest levels of encryption in AES256.

Private and Public identities were enabled to be fully transferable between users. Also giving the ability for users to send iOC via Usernames. This base seats ready and in the near future, a full DNS service can also be enabled.

Private identities enable users to attach an upload any 1MB File to the iOC blockchain. Users are also able to transfer identities and documents to other users all while maintaining a fully encrypted tunnel. These features extend to IOT devices which could also access them via API

Find below a video demonstration on iOC’s data storage capabilities through the iOC Dapp Wallet. Data Storage Capabilities of iOC, all features extend via API to any third party DAPP

In addition to iOC’s data capabilities which extend to IOT’s via api, the team also enabled AES256 Encrypted messaging.

As the battle of centralized messaging platforms was getting started, attacks on citizens from around the world were also increasing and being people began to be persecuted for simply voicing their opinions via chat. Telegram, twitter and other centralized platforms, were shadow banning accounts and even terminating user accounts. Today the attacks continue. US government officials are now moving to pass laws which would give the government backdoors to encrypted data. This would affect companies who are hosting encrypted data like Facebook, Apple,WhatsApp, Telegram and others.

iOC AES256 encrypted decentralized messaging

With this in mind thinking of a future were peoples ability to communicate would be interrupted and spied on, the team wanted to ensure that in the event any of these companies would violate peoples freedom of speech, users would have an actual decentralized platform were they could continue to communicate. Today we still have people in many countries who are being persecuted for their political views. The team felt it was important to protect peoples privacy and therefor made sure that messages would only be assessable to the communicating parties. Since iOC is a decentralized open source platform there is no way for any developer or even the foundation to stop or provide any service to decrypt data. In iOC’s case, only the end user who holds a private key could do such a thing.

Offering this upgrade was a strong accomplishment an a first in crypto with this level of encryption and speed to confirm encrypted decentralized messages on a blockchain.

Stealth Addresses + Shuffle Staking

The I/O Coin development team also worked hard in expanding DIONS by deploying 2 essential upgrades.

Stealth addresses provided another layer of privacy to iOC users. The team deployed Send and receiving of shade payments was implemented into the wallet giving users an optional way of sending private payments. Exchanges can chooses to upgrade or pass on this feature since is not a forced feature. Stealth addresses went live on Block 1898337.

Having stealth addresses added to private aliases, encrypted storage and messaging paved the way for what the team was planning for their future major upgrade which would ensure a complete ecosystem of added privacy to their interactions within the iOC blockchain.

2. Shuffle Staking provided an even more fair and balanced reward system too low weighted stakers. The change in code gave low weighted stakers a chance to be reward via shuffle even if their weight in coins was low to the rest of the stakers. In the past and in many POS blockchains these rewards are only given if a user has a set amount of coins in stake.

The North American Bitcoin conference January 18, 2019 Booth