iEthereum was first announced on 14.10.2017 and is not mineable. It’s an Ethereum-based (ERC20) token. The market cap is $456,009 with a volume of $252 for every 24 hours. The total token supply of iEthereum is 18,000,000 IETH.Being a smart contract token on the Ethereum network, iEthereum would leverage on the same blockchain. That’s why every transaction involving iEthereum would be found in Ethereum’s block explorer. This also means that those transactions could be approved quickly and securely because the many Ethereum nodes would verify them. Since iEthereum is leveraging on the already existing Ethereum blockchain, there would be no need for creating a separate one for iEthereum.Before being able to use IETH, the user has to create an Ethereum wallet. All of the procedures are entirely secure.