ILCoin, a cryptocurrency that’s been around since 2015, has been on the news a lot lately. After the hard fork that took place earlier this year, it is returning to the market with its brand new quantum-resistant C2P protocol. Currently, ILCoin HQ is busy renewing and making agreements with listings and exchanges, including Bit-Z, DigiFinex, CoinTiger, FUBT, and IDAX.
The project’s team has recently announced that Coinmarketinfo.com – a listing and data aggregation website for cryptocurrencies-has updated the information about their project.
The importance of transparency
Today, transparency is the new trend in the crypto world. The mass birth and subsequent embryonic death of numerous ill-thought out and scam ICO projects in 2017-2018 resulted in the rise of distrust of the cryptosphere-and, as a result, strict regulations enforced by governments. Investors became more experienced and skeptical.
So it’s been a challenge for serious projects to enter the playing field and/or stay in it.
Norbert Goffa, the executive manager of ILCoin, commented,
“The big amount of valueless tokens and the stillborn ICOs started a selling wave. This is the reason why a bad reputation of cryptocurrency has been developed.”
One of the ways of earning more transparency and visibility is getting listed on trusted crypto data aggregation sites with accurate and detailed information. For most projects, it is no less important than appearing on exchanges.
It is also a good chance to get seen by the investors so they could easily access all the data on the currency and its performance in the market – and make an informed investment decision. After a recent update Coinmarketinfo’s website now lists more precise and detailed information about different cryptocurrencies, ILCoin included.
ILCoin is a modern alternative of Bitcoin, but much more adapted to the modern crypto world. From the very beginning, the team has been betting on transparency and cutting-edge technology rather than pretty marketing and managed to achieve impressive results.
“Сryptocurrencies needs sustainable technology. SHA-256 is a base that has more business potential than assumed by most people. ILCoin is best SHA-256-based cryptocurrency at this point”.
The main features of the coin are:
- PoW + C2P consensus
- quantum resistance
- 25Mb block size
- transaction capacity reaches 170K TX per block
- 2.5 billion coins will be available in total
- own smart contracts [in development]
New C2P consensus
The aim of the recent hard fork was to protect the cryptocurrency from 51% attacks and ensure the quantum-resistance of its blockchain. In order to do that, ILCoin dev team had to rewrite the core code from scratch. As a result, a one-of-a-kind C2P consensus was born. C2P is a multi-layered system based on different node functions and two-level system of digital signatures.
It is designed in a way so it does not slow down the system – on the contrary, the well thought-through architecture lets ILCoin perform up to 170K transactions per block.
ILCoin also supports a convenient wallet for all popular platforms. Web, Android, Windows and Mac versions are currently available. The wallet has a blocking mechanism to protect the owner from the theft of coins in the case if losing access to the wallet. Block Explorer is another service ILCoin offers: it allows its users to monitor transactions and network statistics.
Joining Coinmarketinfo and future plans
In 2019, the company aims to achieve even greater technological advances. Norbert Goffa shared with us his prognosis,
“By the end of this year, we will complete the development of our own smart contracts and this step will make ILCoin the most modern and universal cryptocurrency on Earth in every term”.
The coin’s community is growing at a steady pace, as it is getting more and more followers on social media. Even though marketing is not the main vector of the company, having a strong community around the coin is vital for success.
Listing on Coinmarketinfo is another step for ILCoin on the way to achieving greater visibility and, therefore, earning more trust of the crypto community. Right now, the listing website makes it possible to see all the exchanges where the projects’ ILC coin is being traded, all the volumes and trading pairs.
For more information on ILCoin feel free to check out the official website and join ILCoin Telegram community.