Quote from: keyboardstyli on July 12, 2019, 11:52:49 PM

Quote from: JustMyFewCents on July 12, 2019, 11:48:54 PM

Quote from: not4mike on July 12, 2019, 11:32:24 PM

Quote

★ The Goal for ILCoin ★

Thanks to the centralized nature of ILCoin mining, developmental work on the blockchain, the wallet and the explorer is a continuous effort kept under tight control. ILCoin can be safely stored in wallets built for the cloud, Android, OSX and PC and it can be transferred directly to anyone instantly at virtually no cost - without banks, without chargebacks. ILCoin users can monitor their transactions throgh our own block explorer. ILCoin is listed and freely traded on several cryptocurrency exchanges.We are one step away from being able to create smart contracts, the first blockchain to accomplish this using SHA-256 technology.

If and when ILCoin's blockchain finally achieves this milestone functionality to create "smart contracts" using SHA-256 technology, all bets are off! Wink

I see now, that it totally makes sense having such tight proprietary control (by not allowing the mining of ILCoin), it would certainly eliminate a lot of security attack concerns on ILCoin's blockchain by default already.

So, this is the main reason why the mining of ILCoin is not allowed for 3rd parties. Shocked

Unless I'm mistaken, it appears to be more likely than not. Nothing could be further from the truth.