Blockchain, a technological innovation with an ecosystem structure that stores transactional records on a block and can be verified publicly where each transaction data is distributed in several public databases and is known as a "chain in a decentralized network through nodes in a P2P Storage in a Public Database. This is known as the Distributed Ledger where every transaction in this ledger is authorized by the owner's digital signature which cannot be manipulated and the transaction authentication process is transparent and eliminates various disturbances. Therefore, the information contained in the digital ledger is very safe, Simply put, the book Such digital magnets are designed like Google spreadsheets shared among multiple computers on a network, where transaction records are stored based on actual processes and cannot be manipulated. Blockchain technology produces various new innovations and one of them is the IEON Oracle Network, this is an Oracle network that provides an off-chain data ecosystem based on BSC (Binance Smart Chain).
What Is BSC?
BSC stands for Binance Smart Chain, This is a network that is forked from the Ethereum Network, it's just that with a different scheme (PoW to PoS) making it more efficient and cheaper than the Ethereum Network which is very expensive and old. BSC is also compatible with EVM (Ethereum Virtual Machine) making it easier for various dApps integration from the Ethereum Network to the Binance Network and therefore Oracle Network's IEON makes BSC the basic basis which is more effective.
What Is IEON Oracle Network?
IEON Oracle is an oracle ecosystem based on transparent and decentralized Blockchain technology. This ecosystem uses a BSC (Binance Smart Chain) where various transaction processes can be carried out more effectively, cheaply & quickly than ethereum which is inefficient. IEON Oracle provides Off-Chain data for each transaction process, BSC (Binance Smart Chain) is basically forked from Ethereum Main Chain only Improvised to be better with PoS system makes it cheaper & faster, Therefore IEON uses BSC because of various processes transactions can be done automatically via smart contracts. IEON Oracle Network Enter every input data through an external transaction process so that various information can be verified from both sides and simplify & speed up various transaction processes. The ecosystem also integrates the API into the Blockchain Infrastructure that is used as its basis, so that various transaction validation processes can be verified easily and become a bridge for Cross-Chain to be integrated on various platforms.
IEON Native Currency
IEON Oracle Network will use a token called IEON, this is a Utility token and based on Binance Smart Chain so that the transaction process becomes smoother in various aspects. This token is the main transaction in their ecosystem and an important part of various transaction processes. Holders get various benefits such as getting discounts, staking or paying for services. IEON is already available on Pancakeswap and if you are interested, you can buy it on Pancakeswap and copy this address; 0x64ac4023a7c9a4987a75420295f68a5435484dd1
Binance Smart Chain is currently selected as one of the Ethereum Network Alternatives that are ineffective and arguably very expensive, Paying a $ 20 Fee for $ 30 Transaction certainly doesn't make sense and therefore BSC is the best choice at the moment, One of the Binance Smart Chain-based projects that The potential is the IEON Oracle Network, which is an Oracle Ecosystem that provides data off-chain through the BSC Network so as to make various transaction data validations more effective and can be integrated for Traditional Fields. IEON Network is very potential and I highly recommend you to join this project!
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Authored By Pedobear a.k.a Dhemas putra/dhemasm(bitcointalk)
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