Who will Eventually Triumph Over the Competition?
The project to outshine other blockchain’s technological innovations will be the project that is first to solve the problem of on-chain type data storage!
The ILCoin Development Team’s main objective is to satisfy the needs of its users through an easy-to-use, safe, and fast blockchain system. By taking these necessities into consideration, we are continuously working on newer, more advanced technologies to break fresh ground in the crypto-market.
Most off-chain based data storage systems do not possess the ability to take full advantage of blockchain technology. Most projects and enterprises are seeking solutions that only take partial advantage of the capabilities the blockchain has to offer. Cloud-based data storage and the associated private keys bring about some sort of transparency, but from a security point of view, it will only result in a vague, incomplete solution for anyone who comes across these pieces.
The blockchain’s essential value involves the decentralized data storage within the block which allows users to manage new kinds of business and economic processes; a mechanism where data storage gets secured within the block. This approach has been built on an entirely new base which is completely different than an off-chain based data storage.
Some of the biggest criticisms of the on-chain based variation are the inevitable memory demand associated with storing blocks as well as the complications of efficient management of the network system. The cost of running nodes involves extra expenses that result in complications most critics cannot provide a solution to. However, we — the ILCoin Development team — are approaching this matter from a different perspective. Based on our approach, we believe that providing an efficient solution will not be an unimaginable achievement.
Our cryptocurrency ILCoin is what carries the key value for our blockchain project. Our vision is completely different from the ones of the leading cryptocurrencies as our main focus is to impact the entire blockchain industry as a whole; a long-term objective that the current market has been lacking as of late. Users are seeking values, yet the value of a crypto should be based on the technology upon which the cryptocurrency has become built. This is exactly why we believe that it is crucial for our users to fully understand the perception and scope of our development. This way, they can appreciate our technological contributions and contribute to achieving the goals of the project; namely, our on-chain data storage where all files, videos, images, and transactions can be managed within a single block.
