Introducing IERC Protocol
What is #IERC Protocol?
#IERC is an Ethernet-based protocol extension ecosystem designed to leverage the Ethernet foundation to create a more open and cheaper token inscription ecosystem.
IERC defines a set of open protocols for token inscription. This protocol enables perfect implementation of token definitions in the underlying Ethernet ecosystem and is widely used in the market.
As the pioneering open trading market within the Ethereum inscription ecosystem, our platform serves as a scalable solution for Ethereum and enhances compatibility with a diverse range of Inscription protocol services.
The IERC 20 has introduced a comprehensive set of efficient and gas-saving indexes built on Ethereum. By utilizing hexadecimal representation, event information is permanently stored in the EVM input, ensuring tamper-proof data integrity.
Use Cases and Features
1. Deploy
2. Minr
3. Transfer
4. Bulk transfer
5. Trade token
6. Stake & unstake
7. PoW minning
In this article I will discuss a little about PoW + DPoS and staking on the IERC platform
(PoW&DPoS)
#IERC PoW and DPoS Mechanism
The IERC protocol presents an innovative inscription tick distribution system, which is outlined in a development roadmap consisting of three key phases:
1. Base Phase
2. Integration Phase (PoW & DPoS Phase)
3. Final Phase
(STAKING)
The IERC-20 protocol synergizes DPoS and PoW, unlocking a new equitable token distribution mechanism, DPoS, and paving the way for advancements in the field of PoW mining.
By staking $ethi, users can earn DPoS points which grant users computing power; the DPoS point release rate is established at 10 points per block / 1,000 ethi to ensure a balanced and consistent distribution process. This also enables users to participate in Proof of Work (PoW) without upgrading hardware.
you can stake $ethi now and the TVL is awesome, $25,485,470! The total supply of $ethi is 21million and 13.9 mil are staked! The staking rate is above 60%!
Stay tuned for their latest updates, or you can join TG @IERC20OFFICIAL