Technology

ICE EcoTokens are transacted on StarChain, the proprietary Blockchain technology of Starworks. The StarChain Blockchain (starchainscan.io) has been running without interruption since July 6, 2022, and as of June 25, 2024, over 20,309,000 blocks have been processed representing 20,983 individual transactions. StarChain has an execution time of less than 3 seconds, and does not charge Gas Fees.

StarChain’s speed and efficiency, low cost and energy consumption, and decentralized architecture make it an attractive platform for developers and businesses looking to build and deploy new decentralized applications beyond ordinary cryptocurrency trading.

StarChain can use the secure Ethereum network and is compatible with the ERC-20 Token Standard, allowing it to benefit from Ethereum’s stability and access to its ecosystem of developers, tools and apps. Because it is built on Ethereum, StarChain can take advantage of the Ethereum Virtual Machine (EVM), which provides a powerful and flexible platform for building decentralized applications. This enables StarChain to support a wide range of use cases and allows developers to create innovative and scalable applications on the platform.

StarChain is built on a Proof of Stake Authority (PoSA) consensus algorithm, which combines the strengths of Proof of Stake (PoS) and Proof of Authority (PoA) to provide a secure, efficient and scalable platform which is also transparent and decentralized.

In PoS, network participants Stake (lock up) an amount of cryptocurrency, and Validators are selected based on the amount of cryptocurrency they have staked to validate transactions and add them to the Blockchain. In PoA, on the other hand, Validators consist of pre-approved Authorities who validate transactions and create new Blocks.

In StarChain’s PoSA, Validators are selected from among candidates who have been accepted by a majority of incumbent Validators and have Staked StarX Tokens. PoSA ensures that Validators are not only reliable, but also have a vested interest in the network’s success.

StarChain is designed with security as a top priority. To prevent or mitigate the impact of DDoS attacks,22 StarChain has security measures including rate limiting, and filtering and traffic management to detect and prevent suspicious traffic from reaching the network. StarChain’s decentralized architecture makes it resilient to DDoS attacks, as there is no single point of failure that can be targeted. StarChain prevents or mitigates Spam attacks23 by setting restrictions on the size and frequency of transactions.

EcoWallet technology is licensed from Starworks and is based on Starworks’ proprietary StarWallet technology. EcoWallets are accessed through a Member’s browser or downloaded to the Member’s device from an App Store at no charge. Communication among EcoWallets and between Members and ICE is through the internet and is fully decentralized.

The functionality of the EcoWallet includes the management of Member benefits, the purchase and sale of EcoTokens, payment transfers, real time information, and the monitoring of all Token positions held in the EcoWallet. As EcoWallet is compatible with the ERC-20 Token Standard, EcoWallet is able to store and transact Tokens other than EcoTokens.

Tokens may be transferred outright, transferred against a simultaneous exchange of other Tokens, and frozen or staked to prevent transfer. The EcoWallet’s history menu monitors transaction history including the purchase and sale of EcoTokens and the receipt of benefits and distributions from EcoTokens. The EcoWallet can be used to extend special offers and send communications and advertisements to Members.

To facilitate communications and transactions among ICE Club Members, the EcoWallet features the ICE Bulletin Board, where Members can post comments and communications to other Members. Members can communicate with other Members on WhatsApp by text, voice call or video call.
Members who wish to buy or sell EcoTokens can post a description of the transaction they wish to enter into on the ICE Bulletin Board. Upon reaching an agreement, Members can arrange an exchange of Tokens between two EcoWallets, or (at their own risk) send Tokens to another Member against payment outside of the EcoWallet. EcoWallet has a real time conversion rates update feature so that Members can track crypto prices and calculate transaction amounts based on rapidly changing exchange rates.

EcoWallet includes a QR Code Scanner, providing an easy method to scan addresses with a public key. Members do not need to input each other’s lengthy public keys, allowing transfers with only one click from their smartphones or tablets.

EcoWallet has incorporated optional 2FA (2-Factor Authentication) security into its architecture. Captcha is also built in for protection against automated theft and fraud. Fingerprint, face and voice recognition sign-in will be introduced and enhanced as technology warrants.