What Is ILCOIN?
Developed by ILCoin Dev. Team, ILCoin is an advanced cryptocurrency integrated with SHA-256 encryption and Proof-of-Work (PoW) technology. The cryptocurrency seeks to power a new, global digital currency-based economic system where members of the system can generate earnings or spend trade and store the ILCoins and in doing so, benefit themselves while growing the ILCoin community.
ILCoin also aims to revolutionize the traditional banking system with its 200 MB block size that can handle and execute an infinite amount of transactions every second for the users without requiring them to pay any costs or fees. Currently, ILCoin can handle up to 5.9 million transactions per second.
ILCoin is listed on CoinMarketcap, CryptoCompare, WorldCoinIndex, CoinMarketInfo, BullsEye, CoinCodex, BitMakler, CoinGecko, Coinranking, CoinMarketDaddy, and many more. ILCoin can also be traded or exchanged on Coin Exchange, Frei Exchange, Trade Satoshi, IDAX, DOBI, and FUBT among many others.
ILCOIN Cryptocurrency Token Features
Centralization Of Activities
Although ILCoin utilizes a Proof of Work consensus algorithm, all the activities of ILCOIN mining, developmental work on the blockchain, the wallet and the explorer are centralized; therefore, no particular user can use more processing power and corrupt the system by inserting incorrect information into the data. This makes the coin secure, stable, and cost effective.
Compatible With Cryptocurrency Wallets
ILCoin can be secured in cryptocurrency wallets that are designed for the cloud, Android, OSX, and PC such as the Windows QT wallet, OSX QT Wallet, Official ILCoin Web Wallet, and the Official ILCoin Android Wallet. The cryptocurrency can also be transferred to other users with cryptocurrency wallets free without involving any intermediaries such as banks.
ILCoin’s Blockchain is anonymous and for a user to view a transaction, they will have to know the particular wallet address.
Why Use The ILCOIN Cryptocurrency Token
ILCoin has a closed mining network whereby there are a few transactions and reduced processing power. In addition, when the number of transactions increases the network increases the processing power, and therefore, more blocks can be processed without taking up much time irrespective of the traffic levels. Currently, the transaction processing of the ILCoin takes less than 15 minutes.
Since ILCoin processes transactions using only the necessary mining power, ILCoin reduces its impacts to the environment compared to other coins also using the Proof of Work algorithm. Furthermore, the developers of ILCoin are carrying out numerous researches to identify solar and wind energy equipment that users can utilize to mine the cryptocurrency to reduce the carbon emissions.
ILCoin uses the exact amount of power required to mine new block and their rewards therefore, ILCoin doesn’t uses a lot of funds on electricity and maintenance of the mining equipment, which subsequently results in the prices of the cryptocurrency being more stable.
ILCoin has a full encryption and schemed by SHA-256 proof-of-work technology that is largely unhackable, which ensures that the cryptocurrency is less vulnerable to attacks or hacks that might results in users losing their funds.
Available Customer Support center that is always available and ready to have users with any issues that might arise during trading, exchanging, or spending the ILCoins. There are also tutorials on the ILCoin website that guide how to use the ILCoin.