Hello and welcome to this blog post about Ignition IC White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the Ignition IC white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the Ignition IC.
I can ensue you that, you will be able to understand every bits and pieces related to Ignition IC after going through the Ignition IC white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
Ignition IC White Paper
Ignition IC white paper will be going to provide you, all the information that is needed to get started with Ignition IC, including the inspiration for creating, the problem it is trying to solve and the solution proposed by Ignition IC.
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The Ignition Network and its common network token, ignition coin, is an open-source, peer-to-peer commodity, designed and engineered using the best ideas for value storage from many different cryptocurrencies, including Bitcoin. The Ignition Network seeks to create a cryptocurrency whose primary function is as a secure store of value, like bitcoin, without any of the current limitations that we believe will one day inhibit Bitcoin’s potential growth.
The Ignition Network is designed by ‘rethinking the cryptocurrency wheel’ by critically re-thinking what a cryptocurrency was designed to do. What this means is that Ignition Coin’s primary focus is not as a being a currency, although it can easily act as one (with low fees too!), or as some newer smart contract tokens such as Ethereum try to be (though it does allow for highly advanced voting and consensus).
The primary goal with the Ignition Network is to be a strong platform engineered to both store value, and grow it. The Ignition Network leverages the many ideas and proven concepts created across the entire spectrum of the cryptocurrency revolution. Incorporating various techniques and code that enabled hybrid verification proofs, drastically lower fees, limited supply and inflation, capped at 5 million tokens, and larger, faster blocks and block times.
White Paper Link: Ignition IC White Paper
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