IBT Security and Transparency
🛠 Today we will tell you a little about the basics of our platform, namely about IBT blockchain and smart contracts.
So, our platform is powered by Binance Smart Chain. This is an existing network with its own rules, capabilities and conditions. BSC was created by the best Binance specialists, has long been used by people from all over the world and has powered many tokens. All BSC information is publicly available, its blockchain cannot be hacked, and all IBT transactions will be publicly displayed on the network.📑
❓ Why did we choose BSC? Key reasons:
✧ Designing your own blockchain is a long, expensive and difficult process. We can't see any point in doing so when we have a good ready-to-use solution.
✧ This network is popular, secure and trustworthy. It is also easier to interact with in terms of development.
✧ Low network commissions and fast transactions which is especially important for both GameFi products and staking pools.
✧ The network is supported by leading wallets, exchanges and fast buy/sell services, including DEX platforms. Therefore, adding IBT to a popular wallet and listing it on an exchange will technically be much easier and faster.
So we believe everything is clear with BSC. But this is only half of the transparency and security issue. After all, there is also the IBT smart contract code. 🌐
Here, everything will be fair too: after we launch the token, we will post the entire source code on GitHub. So any IT specialist, if they want to, will be able to dig into our code, see its embedded mechanics and make sure it does not diverge from our WP. After smart contracts start working, no one will be able to stop staking or interfere with the code. 📚
So, for those of you who have been wondering about IBT security and transparency, we have tried to give you answers to the key questions in this post.