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Topic: [ANN] Eureka: A State of The Art Blockchain for Industry-Cases Applications - page 27. (Read 2014 times)

newbie
Activity: 1
Merit: 0
This is not just another coin it's going to be a top coin that will have value for all the owners.
I already hold over 16 thousand tokens. 5 STARS FOR THIS COIN.
newbie
Activity: 9
Merit: 0
This coin will go to moon just hold it
newbie
Activity: 1
Merit: 0
Polaris will be huge! Holding over 6,000 coins right now and can't wait to see it in action! Have supported Powerhouse Network since the very beginning and Polaris will truly be an amazing addition to the companies portfolio. Thank you for this amazing opportunity!
~ Tanja Segal
newbie
Activity: 2
Merit: 0
What is Eureka:

Eureka is a state of the art blockchain that's governed by an efficient Proof of Stake system and built to be the infrastructure of a user friendly digital environment for decentralized apps, smart contracts, value transfer, & self governance protocols. The first piece of infrastructure that will be readily available for use as soon as the Eureka blockchain is live in Q4 of 2019 will be a set of user friendly interfaces that allow building, storing, and trading self governing PoS-based tokens, in addition to a user friendly side-chain payment channel that allows for instant off-chain transactions. Eureka's technological model allows for smooth scalability as well as strong decentralization and a fast streaming of data. The blockchain's native token is Eureka Coin. The latter has a zero inflation supply and the coins will be continuously bought back and burned using 50% of the net profits of the development company Polaris Universal. Moreover, 10% of the transaction fees will be continuously burned. This allows the value to remain in the ecosystem and this will reflect in the value of the network. Until the Eureka blockchain is live, there will be an erc20 version that represents the Eureka Coins in circulation to allow price discovery in some exchanges. When the Eureka blockchain is live by Q4 2019, every holder of the Eureka token will receive the equivalent number of Eureka Coins on a 1:1 basis.





Abstract:

Proof of Stake algorithms promise significant advantages in achieving distributed consensus compared to Proof of Work. Combining Proof of Stake with other important requirements such as the automation of cross-organizational collaboration with mobile wallets that support simple payment verification (SPV) techniques will allow for broader industry adoption. Moreover, having an existing user friendly infrastructure that allows digitalization and self-governing tokenized ecosystems is essential to achieve a global adoption. Ethereum, the leading smart-contract platform today, is facing scalability issues due to its computationally expensive Proof of Work algorithm & the necessity for nodes to download the entire blockchain which limits the utility of the Ethereum blockchain. This white paper introduces the Eureka smart-contract framework that aims for sociotechnical application suitability insuring long term scalability and reliability. The Eureka Blockchain is powered by a native coin that has a zero inflation supply. The coins will be continuously bought back and burned using 50% of the net profits of the development company Polaris Universal and 10% of the transaction fees will be continuously burned. The open source decentralized platform will have ready to use SPV solutions in addition to allowing for diverse implementations of side-chains. The blockchain will come with a complete infrastructure that allows building, storing, and trading self governing PoS-based tokens. Eureka is a state of the art blockchain built to be widely used for industry-cases applications.
 
 



Coin Sale:

Check our white paper and website for all the details.





Website: https://www.eurekacoin.io/
White Paper: https://www.eurekacoin.io/Eureka-Coin-White-Paper-Draft.pdf
Link to the erc20 smart contract: https://etherscan.io/token/0xa59b38db0544b475d89c8e727520f46a9e0aa055
Github: https://github.com/eurekacoin



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