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Inescoin (INES) is a blockchain-based cryptocurrency that allows secure and decentralized transactions. Unlike traditional cryptocurrencies, Inescoin does not use UTXO (Unspent Transaction Output); instead, it materializes the value of each wallet in a decentralized manner across the network. This decentralized approach makes 51% of attacks, where an entity holds more than 51% of computing power to corrupt the blockchain, impossible. Creating new transactions on Inescoin relies on Wallet Bank Hash, further enhancing security. Users can send up to 25 transfers per transaction.
Besides its transactional capabilities, Inescoin offers a messaging system that enables fully encrypted communication. The messaging feature operates directly on the Inescoin network, communicating with Inescoin nodes. Messages are sent to all nodes and stored for three days before being automatically deleted. This ensures end-to-end encryption, similar to popular messaging apps like Whatsapp and Telegram. Communication with any Inescoin address is possible, but users must have completed at least one transaction to access this feature.
Inescoin also provides a website management tool that allows users to create, modify, and sell websites on the Inescoin blockchain. Users can create and renew domain names, update site information and appearance, add products, and manage sales through the interface. Domain names have limited lifespans but can be renewed indefinitely. If a user decides to delete their website, all content associated with the domain is permanently removed from the blockchain, ensuring data privacy. This unique offering integrates website management’s functionality with blockchain technology’s security and immutability.
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