Since Bitcoin first arrived on the global stage, the area of blockchain has advanced quite considerably. Ethereum was the second generation and allows for blockchains to run smart contracts. The industry has moved on yet again, to be a proof of stake style platform which is a step up from the proof of work technology. Under the lceChain platform there will be an ability to issue block rewards and use less hash power overall. Block rewards will be issued on a proportionate basis which will decrease the overall energy needed for mining and make the platform economically efficient.
This builds on from where the last generation of digital currency platforms left
off and will allow lceChain to have a dominant level in the industry. In the future, the old
way of transacting will become obsolete as customers will choose the service which
allows them to facilitate their transactions at the cheapest cost in the fastest time with
the highest level of security. The scaling is a major problem for traditional blockchains
at present. Under the lceChain system, this will be eliminated and the platform will have
the ability to scale as appropriate to allow for any number of users to make transactions
at the same time.
Through using the newest technology including using shards, lceChain will be able to scale as need and also be able to handle any amount of distribution. Using this model, lceChain will be able to offer high-throughput blockchain users are already looking for; something safe, fast and cheap (if not free) to transact on. Since the platform will run on a distributable network, it will allow the ICH coin to integrate into common purchase transactions, offering a decentralized and fast service.