I/O Coin (Input/Output Coin) is a decentralized, secure, and user-friendly cryptocurrency made for everyday people and merchants. It was forked from Novacoin in July 2014. I/O Coin's creators wanted to design a digital currency with fast transaction times and convenience.
I/O Coin is a pure Proof of Stake 3.0 (as they call it) cryptocurrency. But during the initial 14-day period, 16 million coins were mined using the Proof-of-Work protocol. The proof-of-stake phase is set to yield a 2% percent interest rate on staked coins, while the total number of coins is planned to reach 22 million.
I/O Coin has a number of rare features. An alternative to QT-based wallets, an exclusive HTML5 wallet built from scratch, the I/O wallet Name Server (IONS) and a sophisticated Android Wallet. These features make it a lot easier for the less tech-savvy people to embrace this currency.
The I/O Coin Name Server (IONS) is a fantastic feature that lets you choose your own username for your wallet instead of a Base58-encoded string. With I/O Coin and IONS, you can simply send money by typing in a recipient's username.
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