The I/O Coin is a secure and innovative crypto currency. This digital crypto currency was released in July 2014 in the virtual currency market and over 16 millions coins were mined during its initial period of mining work or “Proof of Work” period. The coin has a real world value just like any other currency which is based on the current exchange rate of the crypto currency. By keeping these coins in your wallet you can earn interest which gives it the features of a debt instrument.
As compared to Bitcoin, the I/O Coin works with the PoS (Proof of Stake) System, which uses a volume-controlled blockchain technology, that is excellent when it comes to instant transfer, 10 times faster than the Bitcoin and receive confirmation in less than 30 seconds. The development team considering the risk of data bloating, security breaches and lack of user friendly features decided to go for an upgrade of the main blockchain of the currency in December 2014 and called it DIONS. It is another server having decentralized data storage with fully encrypted AES 256. Its messaging and decentralized system like “GPGTOOLS” has a definite advantage over Bitcoin.
Currently, you can buy I/O Coin with Bitcoin only. This coin is available on online exchanges and it is also available with cash payment or credit card as well as via digital wallet. This coin is the first one that came up with true standalone HTML5 wallet. For different platforms there are different wallets. QT is the most basic wallet for this coin and it needs to be noted that QT and HTML5 wallet should not be used on the same machine.
To obtain I/O Coin, you need to first send native currency to an exchange and buy Bitcoin. Thereafter, you need to transfer the Bitcoin to a trading exchange and then transfer the coin you intend to buy, to your desktop wallet. It is recommended that you use only your desktop wallet and do not share your computer with other people. This coin is traded in highly volatile markets around the world and this will require you to be cautious and not trade your money away without adequate updates and insights, as you cannot afford to lose it too easily.
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