#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
Week IERC-20 News: The latest highlights The IERC protocol has made significant progress and reached many goals! IERC20 website: www.ierc20.com Official twitter: twitter.com/EthinscXYZ Telegram: @IERC20OFFICIAL
1. Partnership Breakthrough! *Exciting news from IERC Protocol as their partnership with Enscriptions_Pad reaches new heights. *Enscriptions_Pad becomes the first recipient of the IERC Grant Program, receiving substantial funding of 20,000 $ETHI. *Start your $ensc trading at http://ierc20.com/market/ensc
3. Associate Builders *All interested co-builders are welcome to apply for the IERC Grant Program. *Take advantage of this unique opportunity to be a part of this new ecosystem if you have a passion for influencing the web3 space.
4. IERC-20 CEO Serj AMA ON Binance Live CEO Serj Live's debut attracted a 15k audience. Key takeaway: - He talked about the IERC-20 ECOSYSTEM. - Problems solved in web3 space - Projects on IERC-20 Protocols - The future of the ecosystem and many more Link to the video record: https://binance.com/en/live/video?roomId=2173664&utm_campaign=binance_live
6. Major functionality upgrades- Effective at block number 19033750! a. The real time status of DPoS mining will be synced to users at the DPoS Mining page where they can view competition level and info transparency. c. Minimum DPoS point consumption: For all DPoS miners, the minimum required DPoS points per mine will then be 1,000. d.Optimization of PoW difficulty in the reward program: PoW difficulty weight is decreasing from 10 square "x" to 5 square "x", narrowing the gap between high and low computational power, and offering more opportunities for PoW low-power miners.
Conclusion *Incoming new features- The new fixed staking pool is alive and the dashboard function to be online. https://x.com/EthinscXYZ/status/1747630513966252182?s=20 *Governance vote. A governance vote on adjusting the total supply to maintain rarity is being proposed for $ethpi. https://x.com/EthinscXYZ/status/1747444300999495799?s=20
Why IERC Protocol and ethi are worth more! - Insights from IERC-20 Community
Understanding the development trends from the history of the cryptocurrency market: From 2016 until now, every time significant capital enters the cryptocurrency market, it creates a sudden surge in attention, media coverage, and attracts more people. This influx leads to opportunities for early adopters to make significant profits, sometimes even tenfold, twentyfold, or thirtyfold returns. Additionally, when Bitcoin is at its peak, people tend to explore new concepts and options, and IERC Protocol represents a promising new concept and choice.
The value of IERC20 is determined by the ways to generate value in the cryptocurrency market: In the cryptocurrency market, there are essentially three ways to make money: through contracts, spot trading, and early-stage projects. IERC20 belongs to the category of early-stage projects. Currently, it has not been listed on exchanges, resulting in poor liquidity. Therefore, focusing on the token price at this stage is not meaningful. It's not just the IERC20 market; the entire crypto market is relatively quiet and lacks fresh blood. So, what are we investing in? We are investing in providing a new playable option to a group of people who enter the market after the Bitcoin bull run.
Trust in the strength of the project team and exchange resources: Currently, project teams are positioning themselves for the upcoming bull market. The project teams are aiming for a large influx of new participants when the Bitcoin bull market arrives. Many projects are currently in the nurturing phase and are destined to flourish during the bull market. Therefore, the current price is not important, and it does not carry much significance as a reference.