Published on July 19th, 2015 | by bitcoin0
I/O Digital to Release World’s First Decentralized Identity SideChain For Bitcoin
Bitcoin Press Release: I/O Digital sets to release the first ever decentralized identity sidechain using a distributed blockchain based DNS system.
This system, known as DIONS (Decentralized I/O Name Server) will utilize the I/O Digital blockchain to attach sensitive identity credentials to a specific Bitcoin (XBT) or I/O Coin (IOC) address.
To alleviate data bloat and to enable bitcoin users the ability to use DIONS, I/O Digital introduced a Project Codename “I/O Chameleon”.
I/O Digital is not just a cryptocurrency, but an entire blockchain based decentralized application development project, built out on I/O Coin’s blockchain.
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