The consensus of the EON platform is realized by the Delegated Proof of Stake principal — DPoS. Any EON user has the ability to deploy a peer instance on a local computer and/or a VPS, therefore becoming a part of the EON distributed network. As a reward for the support of the infrastructure of the network, the owner of the node (peer) will receive a reward in EON — commission for the transactions. We combine traditional money and cryptocurrency to deliver a new type of financial experience.
We strive to help our readers gain valuable, trusted insights through in-depth analysis, high-quality and well-researched News stories and views from the digital currency community experts. Our young and dynamic team is comprised of well-known journalists as well as Cryptocurrency & Blockchain Experts. The Financial ecosystem, an exchange component that uses the EON technology, which provides a high level of security, speed, and scalability. Flexibility and effectiveness of the technology are achieved through a lowering of the load on the EON platform. The decentralized network assumes the critical function connected with safety. At this time, the less critical data, such as avatars and pictures, are stored with external service providers.
- The main features are reliability, power and protection against different types of attacks.
- Right after the IDO, we have plans to list $FTP firstly on decentralized exchanges (such as PancakeSwap or Uniswap) and later on centralized exchanges.
- Blockchain has the maximum transparency, in which every user can rely on.
- The algorithm of the electronic signature Ed25519 is used as a quick and strong option on the elliptical curves of EdDSA.
- This week, Patrick McHenry, a Republican member of the House of Representatives, introduced the Clarity for Digital Tokens Act of 2021.
The Exscudo Project is powered by EON
It consists of an elaborated but easy-to use Stock exchange, Fintap — an app that unites the functions of a messenger and a wallet – as well as merchant solutions, trading terminals, and bank cards. This allows users of different levels to cooperate easily with each other. Copper coins were issued in denominations of +1⁄2, 1, 2+1⁄2 and 5 céntimos; silver coins of 10, 20 and 40 céntimos, 1 and 2 escudos; and gold coins of 2, 4 and 10 escudos. The 1 escudo was introduced in 1864, followed by the other silver and gold coins exscudo coin in 1865 and the copper coins in 1866.
The Exchange is based on its own proprietary platform that is absolutely safe, fast and fully compliant. The Exchange delivers an ultimate trading experience due to an adaptable user interface that is extremely easy-to-use for beginners but professionally multifunctional for experienced traders. An overview showing the statistics of Exscudo, such as the base and quote currency, the rank, and trading volume.
EON is a flexible new generation blockchain technology
It features 600 ways to convert crypto and fiat at the best fixed rates; crypto acquiring for merchants; a blockchain messenger with built-in crypto purchases and transfers; and near-zero in-app fees. The platform uses the proprietary EON blockchain and will become fully decentralized by 2023. To gain independence from third-party developers, Exscudo is built the EON network. This technology allows Exscudo to handle transactions between the Exscudo Stock exchange and international banks, as well as cryptocurrency wallet users and fiat accounts holders. Exscudo is the new gateway between the traditional financial system and the cryptocurrency market.
Exscudo DeFi Ecosystem
The algorithm of the electronic signature Ed25519 is used as a quick and strong option on the elliptical curves of EdDSA. In this way, the EON blockchain is secure against different types of cyberattacks, which is of the utmost importance today. The EON technology can be used in many different spheres, such as finance and business. The main features are reliability, power and protection against different types of attacks. According to our calculations, most EON holders will find themselves either fully compensated or close to breakeven after receiving $FTP. Even those whose $FTP allocation is worth more than what they had spent on $EON in 2017 (e.g. those who joined at the end of the ICO) will hopefully break even soon after the exchange listing.
This architecture allows for a wide range of options to be implemented, which are displayed on the “Solutions” page. Right after the IDO, we have plans to list $FTP firstly on decentralized exchanges (such as PancakeSwap or Uniswap) and later on centralized exchanges. It will be used in our planned suite of DeFi instruments and make holders eligible for large discounts on Exscudo processing fees. However, as we had to operate on just half of the initial budget, we were forced to forgo marketing in favor of development; that’s why there hasn’t been a large-scale promotional campaign or exchange listings. Contrary to what some users have alleged, there are no large ICO contributors left among the current EON holders.
We see that the emergence of Central Bank Digital Currencies (CBDC) in many countries proves the advantages of digital assets and the disadvantages of existing fiat money. We know that decentralized and traditional centralized finances can exist together, level out disadvantages and complement the advantages of both approaches. Crypto exchange platforms ease the trading of cryptocurrencies for other assets such as fiat and digital currencies. Afterwards, Exscudo’s marketing activity and exchange listing efforts will be focused on $FTP. At the same time, we understand our responsibility to the community of EON holders, who have been waiting for four years to see the project come to fruition.
You need an account in order to star coins, keep track of your portfolio, set up alerts, vote on coins as well as use all the other advanced features. Regulation continues to be a hot-button issue as far as cryptocurrencies are concerned. This week, Patrick McHenry, a Republican member of the House of Representatives, introduced the Clarity for Digital Tokens Act of 2021. Crypto lending is a fairly new practice that appeals to many investors for its relatively simple procedures and attractive returns. Some crypto lending sites allow investors to earn annual percentage returns (APR) at rates as high… In order to provide security for the EON technology, the NaCl library is used.
All information, that could potentially lead to the fast growth of the blockchain remains outside of the system on third party services. In EON, every user becomes a part of the network and raises his own peer instance. Many advantages of decentralized blockchain communities have been discovered through the study of Bitcoin. EON is not only a technology used to solve the problem of safety of the interactions of external services and the exchange. Blockchain has the maximum transparency, in which every user can rely on.
The Exscudo team evangelizes the principles of DeFi (Decentralized Finance) and is moving toward the gradual transfer of the entire platform to the ideas of DAO (Decentralized Autonomous Organization). A private DAO community of key regional partners and the project team, based on self-regulation principles, will be able to influence the platform and the ecosystem development. The decision has been made to divide the projects into public and private, this allows for the application of the platforms in banking, insurance and financial sectors. Regardless of such divisions, all elements of the platform, which are connected with the processing of transactions, remain open. In the architecture of EON technology, there is a large potential for scalability. EON is built in such a way that even with a serious load and a large number of transactions, the core is small and slowly gets larger.