The ivault Chain is based on CoreLedger SparkNet, an independent blockchain that runs on Ethereum technology.
Algorithm
Proof-of-Authority (POA)
Capacity
10-20 transactions per second
Scalability
1,000 transactions per second
Block time
5 seconds per new block
Public read
Anyone can read transactions recorded on the blockchain using the block explorer.
Key Functions Of The ivault™️ Chain
Private Seal
Only permissioned addresses can validate transactions and create new blocks.
Key Functions Of The ivault™️ Chain
Immutable records
The ivault Chain acts as a distributed ledger. It creates an immutable track record of all transactions and activities on the blockchain. No one can hack or manipulate the data.
Protected user data
Sensitive information about items, transactions, and other data is encrypted and stored securely on the blockchain, safeguarding user privacy.
Secure transactions
All transactions on the blockchain are recorded with a time stamp and cannot be manipulated by anyone. Everyone has a transparent record of their payments.
Genuine user reviews
No more fake feedback. ivault’s rating system is anchored to verified transactions recorded on the blockchain so that you can always trust their authenticity.
Seamless experiences
Smart contracts enable securely automated escrow services and transactions, e.g., releasing funds after renters return items.
Operating System
Coreledger TEOS
ivault uses the CoreLedger TEOS operating system to unlock the key features of blockchain technology. By using existing components, we can radically cut development and go-to-market time.
Documented Proof
Generating forge-proof records on the blockchain.
Tokenization & Accounting
Managing how ivault tokens are minted, burned, and transferred – including ECO points.
Governance & Compliance
Overseeing token circulation within the ivault app.
Value Conversion
Smoothing the path between reward points and the ivault token.
Need more info?
Read more about ivault’s Blockchain Ecosystem in our white paper:
