Internet of Coins to Ensure Robust Safety Arrangements

24 Mar 2017 / CodaSiren

Internet of Coins to Ensure Robust Safety Arrangements 

Internet of Coins (IoC) is a platform which allows you to trade digital assets and currencies peer to peer, with an easy to use interface and the opportunity to earn fees from each other by participating in the network.

Most important concern for the platform is how to provide the best service possible in the most secure and safe way. A proper security model is the need of the hour as security concerns are one of the major issues hounding the modern internet.

No traffic is safe from being snooped upon today and simply using HTTPS is a halfway measure, which provides insufficient security for users, due to its top-down certificate model. High profile breaches like the Diginotar hack have already made their case against only employing HTTPS security.

Internet of Coins employs a robust, best of breed security technology in the form of something they call upsilon channels. Specifically, the NACL encryption libraries implemented in IoC use multiple tunnels of public and private key cryptography to encrypt and to protect the financial data of the users of the Internet of Coins.

So the cryptography of the Internet of Coins project already provides multiple layers of security. However, this is in addition to the distribution of datastreams over alternative decentralized networks such as TOR and I2P. These systems enable the usage of data packets that will flow through the network completely encrypted and sealed in multiple layers until they arrive at their intended destination.

The code of Internet of Coins runs only in a few hundred kilobytes of libraries. The footprint of this design is small, compressed and is able to run inside the web browser.

A light footprint also allows for the users to use cryptocurrencies, smart contracts and hybrid assets with more flexibility. In this way they get the freedom to use them in any way they want to from one coherent environment.

The Internet of Coins team is dedicated to provide a platform that not just acts as ‘a coherent whole out of the decentralized economy initiatives’, but is also extremely secure. Internet of Coins has employed the best safety measures in order to make the environment trustworthy and secure for everybody.



events Bitcoinference altcoins bitcoin Hybrid Assets history integration dapps decentralized meta-network inter-blockchain value exchange exchanges risk hacks multigateways smart contracts smart oracles assets cryptoequity merchants instability evolution revolution development consortium politics Virtual Bitcoin Expo Bitcoin Wednesday Ethereum Arnhem Bitcoin City eclectic architecture atomic transactions RPC calls Bitalo launch open source mammals crypto decentralisation cryptosphere economy autonomous banks dinosaurs Crypto Money Expo Bitcoin Embassy API future pizza day altcoin nxt xcp counterparty block explorer SIDN funding NLnet exchange peer shared mesh peersm technology cooperation beta New years eve Cyber.Fund blockchain finance ethics government manifesto update campaign Blockchain Expo London trust trustless fintech technologies tokens deterministic transactions internet of coins greenpeace Technologies Hybrid cross-blockchain environment crowdfund cross-blockchain Hybrid asset HYBRID weavechain immutable storage consensus column personal finance financial freedom authentication Fingerprints Keys decentralized anonymity social tech technological advancements economic freedom hybrid assets decentralized economy inter-blockchain connectivity P2P meta-network security cryptography NACL encryption Development evolution NEM Waves Bitshares Early Birds milestone hacking spree token release pricing schedule transparency grandma human readable hashstrings libraries missing PIN alpha wallet fundraiser hardware node virtual machine early bird VirtualBox DIY ICO Alert TOR live first transfer LSK grant release early holders pioneers distribution trade hybrid tokens third party exchange early holder scam policy trading preparation ethereum wallet ethereum blockchain CLI internet coins research low bandwidth multiple-token interchange etherdelta local storage usability legal hiring ERC20 token upgrade Ethereum foundation XHY ethereum classic ETC user interface teeny tiny token support torrent smart contract markets expansion command line asset management NXT blockchain star decentralized storage favourite cryptocurrencies dashboard token management user settings ISOC Internet Society awards startup script documentation hybridd node system Chaos Communications Congress Internet Innovation Award nomination beta wallet token mining Telegram altcoin implementation