IO Coin (IOC) - cryptocurrency review
IO Coin (IOC) - cryptocurrency review

IO Coin (IOC)

Rank: #31

Our Review
9
Real-world utility
1
Market Cap
5
Investability
decrptd review 5 / 10
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IO Coin Review

I/O coin (IOC) is a cryptocurrency based on it’s own blockchain using a proof-of-stake algorithm. I/O Coin is focussed on real-world utility and..

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IO Coin (IOC) – cryptocurrency review


I/O coin (IOC) is a cryptocurrency based on it’s own blockchain using a proof-of-stake algorithm. I/O Coin is focussed on real-world utility and marketplace adoption. This leads to the key point of difference: I/O Coin has developed a decentralised name server called DI/ONS. This name server allows users to register their username and match it to a hexidecimal address. This means that you can send and receive money using human readable names.

This makes I/O Coin both innovative and controversial in the cryptocurrency world where privacy and untraceable transactions seem to be revered. But for mass market adoption and real-world utility, there are many situations where being identifiable actually makes sense.

The problem that this is likely to create though, is how many coins and blockchains will users want to use and participate within? If a merchant only accepts I/O Coin and relies upon human readable names, then the risk of losing sales is increased.

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