Trust, Transparency, The Power of Many and Lessons Learned.
In the past, coins were made of valuable metals like gold or silver, and the value of the coins was based on the value of the metal. People who held these coins could exchange them for goods because they had confidence in the value of the metal.
However, as traders travelled long distances and the roads were unsafe, they had to deposit their coins in banks for safekeeping. The banks would give them a paper to prove the deposited amount, which could be withdrawn at any time from any bank. This made it easier for people to travel with large amounts of money without encountering problems. These papers were similar to the bank checks or money orders we use today.
The value of these papers was based on trust. People trusted the institution and were confident that their deposited money would be available to them upon reaching their destination.
Today, trust is the foundation of the entire financial, banking, and monetary system. If people lose trust in an asset, like a currency, stock, or project, its value decreases.
The Ice project is a new social crypto project designed to be accessible to people from all over the world. The project is based on four core principles: trust, transparency, the power of many, and lessons learned.
The goal of the Ice project is to prove that people can achieve freedom using trust and time without investing any financial resources.
TRUST
Trust is the foundation of any financial, banking, or monetary system. People need trust to be willing to invest their money or use a particular asset as a means of exchange. The Ice project is based on trust, and it seeks to earn that trust by being transparent and decentralized.
The first layer of trust in the Ice project comes from the person who invites you to be part of the project’s micro-community. This person has researched the project and believes in its goals, so they are willing to invite you to join his team. You can also invite your friends and build a network of trust among the members of the community.
In conclusion, trust is essential to the success of the Ice project. The project seeks to earn trust by being transparent and decentralized and using tools and techniques that ensure the security and integrity of the network. By building a network of trust among its members, the Ice project aims to create a community of users who can work together towards common goals and achieve success.
TRANSPARENCY
Transparency is essential to earning trust, and the Ice project is committed to total transparency. Over a year before the project’s release date, a team of engineers, sociologists, and economists started working on the project.
The entire code for the project is available on GitHub, and it is open for anyone to see. This allows people to verify that the project is genuine and is being developed transparently.
THE POWER OF MANY
Success happens when good people with good intentions cooperate and work together over a shared interest. Believing that people are basically good is what fuels most inspired individuals. Cynics and pessimists do not change the world.
Meg Whitman, The Power of Many: Values for Success in Business and in Life
Decentralization is a core principle of the Ice project, and it is based on the idea that the validation of truth should not be in the hands of a single person or institution. Instead, multiple validators should collaborate to find a consensus about what is true. This is the power of many, and it is the foundation of the blockchain technology that the Ice project uses.
When many people work together to validate information, it becomes much harder to distort or manipulate the truth. This is because the consensus of the group is more difficult to change than the decisions of a single person or institution. The Ice project uses this principle to create a secure and trustworthy system that is not controlled by any single person or entity.
Phase 2 of the Ice project is when we will transition to the Mainnet, the live version of the network. At this stage, the project will be coordinated through decisions made by the community. This means that the power to make decisions will be held by those who have invested trust and involvement in the Ice project and contributed to its value.
As a community member, your voice will be heard and respected. We want to ensure that everyone has a say in the project’s direction and can participate in decision-making. This is the power of many, and it is essential to the project’s success.
In addition, the project uses the Proof-of-Stake (POS) consensus protocol, which requires users to “stake” their Ice coins to validate transactions. This ensures that validators have a vested interest in maintaining the integrity of the network.
We believe people are basically good. We recognize and respect everyone as a unique individual. We believe everyone has something to contribute. We encourage people to treat others the way they want to be treated. We believe that an honest, open environment can bring out the best in people.”
Meg Whitman, The Power of Many: Values for Success in Business and in Life
LESSONS LEARNED
The Ice project is based on the lessons learned from past crypto projects. This means that the project incorporates the best practices and technologies from these projects while avoiding the mistakes that have led to their failure.
One of the key lessons that the Ice project has learned is the importance of using a robust and scalable consensus protocol. This is why the project is built on the TON blockchain, which uses the a sharded, proof of stake consensus mechanism. This protocol is known for its speed, security, and scalability, which allows the Ice project to operate smoothly and efficiently.
Ice is a mature project in the crypto environment, but it is also a project that looks toward the future of the monetary and financial system.
In conclusion, the Ice project is a new social crypto project based on the principles of trust, transparency, the power of many, and lessons learned.
The project seeks to build a community of users who can work together towards common goals and create a decentralized and transparent system that is secure and trustworthy.