Italo Network is a Monero And Loki Project Fork, with an innovative approach to Proof-Of-Stake (PULSE) for best security and attack resilience!
ITALO is a privacy network which allows users to transact privately over the internet, providing a suite of tools to help maintain the maximum amount of anonymity possible while transacting and (coming up) Shopping online.
Blink is Loki’s revolutionary instant payment solution that we adopted! Making secure, privacy-first transactions without compromising on speed. Using the power of the ITALO Service Node network, Blink lets you send and receive XTA in the blink of an eye.
On December 18th we have successfully SWAPPED on the new BlockChain, now we have moved from proof of work on proof of stake with PULSE.
We have updated to a new GUI interface Electron, a new Explorer writen in python and many more!
ITALO's new blocktime is 1 minute instead of 2 minutes.
ITALO's pre-swap blockreward was 6.6XTA per block, to adjust the blockreward to make it fair for previous miners we have cut the new blockreward to 3.3XTA per block as a block gets generated every 60 seconds so the SWAP ratio is 1:1.
Tradeogre and Crex24 has succesfully SWAPPED on the new BlockChain.
Tradeogre has succesfuly SWAPPED on the new Blockchain.
Crex24 has succesfully SWAPPED on the new Blockchain.
In December 2020 The new Website was released!
We are in negotiations with 2 new Exchanges to get listed in the first Quarter of 2021, nothing is certain as of now negotiations are underway, we will update this Section according to the upcoming news from the 2 exchanges!
In the second Quarter of 2021 ITALO will make a HardFork.
This Hardfork will bring more updates and security to the Network, more updates will be posted soon!
We will fix the bugs that were found durring the First and Second quarter, we already found a bug in the GUI Electron Wallet and CLI where if you save the wallet in Windows it wont save it because it can't replace the wallets file! This issue happens only on Windows.
There are no issues so far with the daemon, we will see in the First and Second Quarter of 2021 if we find any issues!
In the Third Quarter of 2021 we will release the IPO Details and the Shopping App's WhitePapper, we will make a IPO to make a Completely Private Shopping App where people can buy/sell Merchandise or digital goods in a completely privately way, the only ones knowing about the sell/buy will be the buyer and seller and to protect the users we will allow as a payment method only $XTA to make the transactions completely private! More details coming up.
In the Third Quarter of 2021 if all things go as planned we will release DEFI, a SWAP between XTA and An Ether Smart Contract erc20 token! We will ticker it $WXTA and will be tradeble on Uniswap and decentralized exchanges like it!
In the Fourth Quarter of 2021 we should make the IPO if everything will work as planned! We are gathering a Budget to Pay A Lawyer that will guide us trough the Legal Process! This Plan will be updated accordingly in the Second and Third Quarter of 2021.