Unlock coins from their silos with interblockchain
MOVE - TRANSACT - EXCHANGE
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The Interblockchain Network
Coins trapped in their blockchain network silos can be moved to multi ledger blockchains such as Ethereum, Neo, EOS,Stellar, Lisk, Qtum, etc.
and be redeemed back to their original blockchain while still keeping their value. Thus, for example, a Bitcoin moved as a i-Bitcoin on Ethereum
can be traded locally with a full Bitcoin value for another ERC20 coin or an Ether on a 0x non-custodian-based relay.
i-Bitcoin owner can redeem the i-Bitcoin back into a Bitcoin.
How do we do it?
Single ledger blockchains like Bitcoin are locked into a single network, the Bitcoin network.
With the interblockchain connected to multiple blockchains networks, coins like Bitcoin, can be moved
to faster networks with much lower transaction fees, some are even practically without any fees.
From minutes, hours and sometimes days, we progress to seconds and $0 fees (or very close to).
Any spent i-Bitcoin can be redeemed back as Bitcoin with their full value. An i-Bitcoin (iBTC) is pegged on the Bitcoin (BTC).
The coins listed beside can be transferred today to Ethereum and back to their original networks. Soon we will add the EOS and Stellar networks.
But not only that, these coins can even be moved across multiple ledgers networks such as Ethereum, EOS, and Stellar.
Actually, coins like Bitcoin are used mainly as speculation assets. Transaction costs are as high as $30 USD
and it takes minutes, even days, for payment confirmation.
This is not a viable solution for e-commerce.
When these coins are moved to faster and nearly free-transaction-cost networks, e-commerce becomes possible.
Moreover, merchant may add 2% - 3% to their margins by simply unlocking these coins from their network silos.
What would you say if you could exchange Bitcoins, Litecoins, Bitcoin cash, etc. on non-custodian exchanges like the ones
appearing on Ethereum recently?
This is now possible with i-coins. How? just by moving the tokens from their original network to, for example, Ethereum, and
so they can be exchanged on "non custodian exchanges". They can be redeemed back as bitcoins whenever you wish.
Practically speaking, you trade bitcoins directly from your wallet.