An Overview of IEON, a Decentralized Oracle Network Based on Binance Smart Chain
It is widely know that today’s traditional financial systems still make use of centralized databases and are usually controlled by a single central authority, making them unguarded and exposed to various manipulations and external influence. Blockchain technology, is a disruptive technology which on the other hand, give rise to a new financial ecosystem with a decentralized distributed database to publicly store more records in the database. Compared to a Centralized System that is in a place, the Blockchain ledger is ceaselessly updated and synchronized across multiple servers by contributors from the revolutionary Network, which enables everyone all over the world to see various transactions on the network without the outright need for centralized authorization approval and Blockchain also eliminates the role and dependence on an intermediary or centralized authority that is not transparent which makes it efficient and effective. One of the foundations of the current financial system is Ethereum , where DeFi popularly known as the Decentralized finance is a new trend that provides various conveniences in the world of finance through this network. Today i will be letting you on a revolutionary project which is based on the Binance Smart Chain network that exceptional project is the IEON Oracle Network.
About IEON Oracle Network
IEON Oracle is an oracle ecosystem based on transparent, revolutionary and decentralized Blockchain technology. This platform will make use of the BSC (Binance Smart Chain) whereseveral transaction processes can be carried out more efficiently, low transaction fee & faster than ethereum which has high gas fee that has become and headache for many investors around the world. IEON Oracle has been developed to provide an Off-Chain data for one and all transaction process, BSC (Binance Smart Chain) is basically diverged from Ethereum Main Chain only extemporized to be better with PoS system has made it very cheap & fast, consequently IEON make use of BSC mainly due to various transactions can be done automatically via smart contracts. IEON Oracle Network has been developed in such a unique fashion that user will enter every input data through an external transaction process so that several information can be verified from both sides, simplifed & speed up various transaction processes. The distinctive ecosystem also integrates the API into the Blockchain structure that is used as its basis, so that various transaction and validation processes can be authenticated easily and become a bridge for Cross-Chain to be integrated on various platforms whatsoever.
The developing team has based the this revolutionary project on the Binance Smart Chain, This is a network that is diverged from the Ethereum Network, which is just with a divergent scheme (PoW to PoS) which makes it more efficient and alot cheaper than the Ethereum Network which is quite expensive. BSC network is also compatible with Ethereum Virtual Machine which makes it easier for various dApps integration from the Ethereum Network to the Binance Network and therefore Oracle Network’s IEON makes BSC the basic basis which is more effective and efficient.
IEON Oracle Network wants to еmроwеr individuals with оwenеrѕhір оf thеіr own dаtа аnd іdеntіtу which is interesting, ѕо they саn hаrvest the vаluе іt holds, rather than gіvіng it away fоr frее. User оwnеrѕhір of dаtа аnd іdеntіtу аlоng wіth a network оf dаtа bаnkѕ will еnаblе multірlе business ѕсеnаrіоѕ and ѕоlvе some оf the wоrld’ѕ resilient рrоblеmѕ.
IEON TOKEN DETAILS
IEON Oracle Network will make use of a nativetoken called IEON, absolutely a Utility token which is based on Binance Smart Chain(BSC) to enable the transaction process becomes flawless in various aspects. This token will be the main transaction in this exceptional ecosystem and also a important aspect of various transaction processes. One interesting fact is that holders get several advantages which ranges form discounts, staking or paying for services. IEON actually available on Pancakeswap.
CONCLUSIVELY, IEON oracle network creates a new and revolutionary Decentralized Financial Ecosystem with a unique long-term concept. Their Platform offers a variety of conveniences and is rich in features and benefits in one platform based on the Binance Chain Network. The platform gives a simple User Interface, the Business Concepts offered by them are also profitable with the Income Stream option on one platform, Besides that the platform has been develop using the framework strong work in which will ensure the safety and transparency of every process and transactions on the platform. The developers of this project has based the project Binance Smart Chain network which presents cheap transaction fees whhen compared to ethereum blockchain. IEON Oracle Network, an exceptional Oracle Ecosystem that provides data off-chain through the BSC Network which makes various transaction data validations more effective.
FOR FURTHER INFORMATION PLEASE VISIT THE USEFUL LINKS I HAVE PROVI
Website: https://ieon.io/
Twitter: https://twitter.com/ieon_oracle
Github: https://github.com/ieon-oracle
Telegram: https://t.me/ieon_oracle
Medium: https://medium.com/@ieon_oracle
Exchanges: https://exchange.pancakeswap.finance
Smart contract: https://bscscan.com/token/0x64ac4023a7c9a4987a75420295f68a5435484dd1
Author: SheyCrypto
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=2212407
BSC WALLET ADDRESS: 0x05FC01db3b3f71D8545A38Fe5C0c31B5f13cEC43
Telegram Username: @sheyeva
