Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ILC] ILCOIN-WHERE NOT ONLY CRYPTOCURRENCY IS SMART
by
keyboardstyli
on 12/07/2019, 23:52:49 UTC
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