Benefits of iEthereum operating on 4 chains

As the cryptocurrency industry matures, many networks are revealed for what they truly are. Chains once seen as dominant are now less appealing, those previously considered superior have become inferior, and networks that were once cost-effective are now expensive. The purpose and utility of many chains have evolved over time, highlighting the diverse variables among blockchain networks.

iEthereum is fortunate to exist on four separate chains as of this writing, and it is likely to expand to more in the future. This is a significant advantage shared by all ERC20 tokens, not just iEthereum. In fact, any distributed ledger token, such as ERC20, PRC20, or other subsets of major blockchains, may benefit from this flexibility as these networks fork and evolve. Currently, Ethereum remains the powerhouse in this regard.

Many cryptocurrency tokens face a major flaw when expanding to new networks. Most projects require substantial capital investment to deploy their tokens on additional chains, often inflating the token supply to accommodate the new chain. This process dilutes the value for existing investors and adds complexity by creating different contract addresses for each chain, leading to confusion and added management costs. Expanding to different blockchains can be inefficient and resource-intensive.

In my view, this kind of expansion will likely be reserved for institutional use rather than retail investors in the future. If retail adoption is to succeed, the token ecosystem must prioritize a convenient and user-friendly interface that simplifies the process.

iEthereum, however, did not actively build its token across four chains—it exists on them because of Ethereum forks. Created in 2017, iEthereum’s presence on multiple chains was a predictable outcome as the industry evolved. With each Ethereum fork, a 1:1 copy of the iEthereum token was made, without the need for a new contract address, additional labor, or resource management. They simply exist.

This gives users the flexibility to choose which consensus mechanism they prefer for their transactions. Currently, iEthereum exists on Ethereum, Ethereum Fair (DIS Chain), Ethereum POW, and Pulsechain. Each chain maintains the same immutable supply of 18 million tokens, and the presence of iEthereum on one chain doesn’t affect the value of iEthereum on another. They function as distinct tokens, and their value will be determined by how each contract is utilized on its respective chain.

The existence of iEthereum across four chains introduces several potential benefits:

Scalability:
With four chains, transactions can be processed in parallel, reducing congestion and increasing overall throughput.

Performance:
Reduced latency is possible as transactions can be processed concurrently, leading to faster confirmation times.

Customization and Specialization:
Each chain can be optimized for specific purposes—such as one chain focusing on fast microtransactions, another on smart contracts, and another on privacy features.

Resilience and Redundancy:
If one chain encounters an issue or security threat, the others remain unaffected, enhancing the network’s overall resilience.

Security:
Multiple chains provide redundancy, making the system more secure against attacks. Compromise on one chain does not necessarily jeopardize the entire network.

Interoperability:
Cross-chain communication can facilitate interconnectedness between features and functionalities, supporting complex decentralized applications.

Governance and Upgrades:
Modular upgrades can be implemented on individual chains without disrupting the others, streamlining the governance process and making iEthereum adaptable over time.

Resource Allocation:
Separate chains isolate resource usage, ensuring that congestion in one area doesn’t hinder the performance of others.

While these advantages are promising, their success hinges on thoughtful design, strong consensus mechanisms, and an engaged community supporting iEthereum. Managing multiple chains introduces complexities, but in the case of iEthereum, these challenges are deferred to the user, whether individuals or institutions. With no centralized team, iEthereum operates as a true open-source project. Institutions and individuals alike have the freedom to decide how they manage any complexities that arise from using iEthereum on multiple chains.

On any of the chains presently, or in the future; regardless of how these networks evolve; iEthereum remains an immutable open source value transfer technology.

iEther way, We see value!