What is IceChain?
lceChain has created a system which can handle large amount of transactions. lceChain is an innovative digital platform that is scalable and which provides secure, decentralized technology. This guarantees the high level of security, leveraging permissionless mining and transactions secured by at least 50% hash power at one time sent to the head chain to prevent double spending. The platform can also issue cross transactions and be confirmed in a few minutes. The number of cross transactions at any one time will act to increase the response speed.
Under the lceChain platform there will be an ability to issue block rewards and use less hash power overall. Block rewards will be issued on a proportionate basis which will decrease the overall energy needed for mining and make the platform economically efficient. This builds on from where the last generation of digital currency platforms left off and will allow lceChain to have a dominant level in the industry. In the future, the old way of transacting will become obsolete as customers will choose the service which allows them to facilitate their transactions at the cheapest cost in the fastest time with the highest level of security. The scaling is a major problem for traditional blockchains at present. Under the lceChain system, this will be eliminated and the platform will have the ability to scale as appropriate to allow for any number of users to make transactions at the same time.