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. The system allows for the registration of aliases, avatars, documents, making them fully transferable between users. DIONS will offer strong security by integrating a fully fledged RSA cryptosystem (using a 2048 bits long key). DIONS will support a decentralized messaging system. The system will enable fast, easy and secure […]

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