A brand new crypto money from the creator of Uber: ECO!!

A brand new crypto money from the creator of Uber: ECO

In November last month, Uber's founding partner Garret Camp announced that he would open the eyes of this traveler after returning from his first trip to Africa, and will donate half of his assets to charity. But Camp's plans were not limited to this, but instead of making donations, there were better plans for humanity.

Over the past few months, Camp has been working on a brand new crypto-banking system that can get the technical difficulties and difficulties of existing crypto-money projects such as bitcoin and ethereum. The goal is to resurrect the core ideas of crypto money; instant, low-cost, unlimited payment system for the community.

In May, about a year ago, Camp began investing in the crypto money ecosystem, making purchases of the first bitcoin and ethereum from CoinBase through the largest US crypto money exchanges. He explores more crypto money types and ICOs and says that he can not find any crypt money like Camp wants, looking for investment opportunities, and is disappointed.

In an interview with Fortune magazine; I realized that I should not invest more in any crypto money as I did research and realized that in collaboration with universities, scientists and research institutes, it would be more beneficial to develop a brand new crypto money project with a different point of view than the planning phase of the project.

The campaign, which identifies the project as ECO, states that this name is chosen for its short form and ease of pronunciation on every level. He also believes that associations like ecology and economy add value to the project name.

Telegram's multi-million dollar ICO, Kodak, Overstock and messaging application Kiki announced that he would step into the crypto para ecosystem by editing his ICOs and Facebook CEO Zuckerberg would start to work on Facebook to decode, encrypt and crypto then, among the technology entrepreneurs at Camp, he was among those involved in the crypto money ecosystem.

The definition of the project is made in WhitePaper as an alternative to a central authority, which can be done via mobile devices, or an alternative to the bitcoin, gold or nominal currencies controlled by the institute.

Unlike crypto money projects such as bitcoin or ethereum, in ECO, a block of records, a chain of chains, will work on approved nodes instead of fully anonymous machines. Camp, stating that this basically functioning system is compensated by loss, productivity and coordinated management in terms of security and flexibility; somewhere between the anti-centric bitcoin and the centrally-located Visa system, as a kind of mid-point project.

Another important difference of ECO from other crypto money systems is; when a transfer is approved, instead of crypto money miners competing with each other for a prize, the system distributes the award crypt money equally to all the miners.

At the beginning of the Camp project, he says he wants to run the best 5 percent cuts and projects of universities and research institutes all over the world. He plans to work on his early nodelars in this way.

The miners who run the nodal in the planned scenario will not need a lot of hardware to get everyone's prizes even when the blocks are approved, and the energy problem for mining will be gone. In short, the rivalry between miners will come to an end. Those who want to join in the same way will be included in the system when they are ejected from the system. It will be acted with a prize principle as much as it works for every employee rather than the chance and the wrist.

The camp also does not want a handful of speculators to price the crypto money. He distributes free ECO for the first start. In the next few years, a total of 1 trillion ECO crypto money is expected to spread half of the creations to the first 1 billion users in the money supply process. He also plans to allocate 10 percent of the crypto money created for approved nodels to 10 percent for ECO fund for operations and research, 10 percent active contributors and consultants, and 10 percent for strategic partners around the world.

Camp, who set up the ECO Foundation with $ 10 million in his own pocket to spread his ECO efforts, and a few other investors around him, said that they did not start coding the project at a more design stage and that they needed more scientists and researchers before they could go deeper into the implementation of the system.

Obviously anyone who thinks they can contribute to the project; If you are a specialist in technology, security, economics, management, policy or design, and want to turn ECO into a global currency, please email us at [email protected]. In addition, universities, open-source projects, companies and nonprofit institutions that want to cooperate with ECO