Whitepapers Ignition IC White Paper Explained Summary

Ignition IC White Paper Explained Summary

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Ignition IC White Paper

Summary:

-The Ignition Network is an open-source, peer-to-peer commodity designed to create a cryptocurrency whose primary function is as a secure store of value.

-The Ignition Network seeks to address the limitations that may inhibit Bitcoin’s potential growth.

-The Ignition Network is designed to be a strong platform engineered to both store value, and grow it.

-The Ignition Network leverages the many ideas and proven concepts created across the entire spectrum of the cryptocurrency revolution.

Explained – Ignition IC White Paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.

There is a lot to learn about this futuristic tech, lets get started to dive into the Ignition IC white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

We will deep dive into how the coin works by understanding the whitepaper and its summary. Ignition IC.

Lets understand Ignition IC after going through the Ignition IC white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

Ignition IC White Paper

Ignition IC white paper will be going to provide you, all the information that is needed to get started with Ignition IC, including the inspiration for creating, the problem it is trying to solve and the solution proposed by Ignition IC.

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Introduction

The Ignition Network and its common network token, ignition coin, is an open-source, peer-to-peer commodity, designed and engineered using the best ideas for value storage from many different cryptocurrencies, including Bitcoin. The Ignition Network seeks to create a cryptocurrency whose primary function is as a secure store of value, like bitcoin, without any of the current limitations that we believe will one day inhibit Bitcoins potential growth.

The Ignition Network is designed by ‘rethinking the cryptocurrency wheel by critically re-thinking what a cryptocurrency was designed to do. What this means is that Ignition Coins primary focus is not as a being a currency, although it can easily act as one (with low fees too!), or as some newer smart contract tokens such as Ethereum try to be (though it does allow for highly advanced voting and consensus).

The primary goal with the Ignition Network is to be a strong platform engineered to both store value, and grow it. The Ignition Network leverages the many ideas and proven concepts created across the entire spectrum of the cryptocurrency revolution. Incorporating various techniques and code that enabled hybrid verification proofs, drastically lower fees, limited supply and inflation, capped at 5 million tokens, and larger, faster blocks and block times.

White Paper Link: Ignition IC White Paper

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