EagleCoin will migrate from ERC20 token to EagleX, a token on its independent blockchain, called IronGeekChain. The blockchain is secured by master nodes which are the representation of all EagleX holders.
To validate the transaction, IronGeekChain use a consensus mechanism called Iron dBFT (Iron delegated Byzantine Fault Tolerant). Iron dBFT is a dynamic dBFT, It is a mechanism to calculate available nodes and determine valid majority voting for each transaction. A transaction will be valid is it is confirmed by 80% of the active master nodes. To generate a block, the consensus mechanism will take 15 – 20 seconds.
The blockchain will have the following features:
- Support multiple type of digital asset
- Smart contract which support decentralized application.
- Consensus mechanism
- Quantum resistant
- Cold staking.
- Desktop, mobile, and web wallets.
The benefits for EagleX holders are including:
- EagleX holders can do cold staking and receive BENZ.
- EagleX will become the main currency used for buying token when an ICO is conducted in EagleX system.
- EagleX will also become the main currency to be paired with other coins when the decentralized exchange is built in EagleX system.
- EagleX holders can receive airdrop when a token is issued in Eagle ecosystem.
- EagleX has a free transaction fee makes EagleX becoming perfect digital asset for transferring need.
Our vision is to make EagleX system a new generation of payment system that is accessible to a wide range of users, is easy to use, has a low fee, and complies with the regulatory regimes all jurisdictions. The key of regulation compliance is the use of fiat money for purchasing in the EagleX system. However, if applicable in a jurisdiction, the use of cryptocurrency as payment is facilitated in EagleX system.
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https://github.com/elangindonesia/EagleCoinI am very glad that blockchain technology is developing very well. But in the crypto-currency world there are a lot of projects whose transaction speed is much higher. I think projects need to strive to make the speed more than 15 000 per second.