Co-founder of media sharing has long disrupted a trucking industry, and now he seems to be shifting his focus to Bitcoin, gold and currency, Garrett Camp, co. Founder of Uber, is building a new electronic currency called Eco - a global decentralization currency - and he is calling for help from leading universities to develop networks. Confirmed node.
introducing
https://eco.com/ https://medium.com/@eco/introducing-eco-a-global-currency-protocol-b99c74f7c0f7 https://twitter.com/eco?ref_src=twsrc%5EtfwCamp said he chose the name Eco because it symbolizes "ecosystem, economics and e-commerce" (ecosystem, economics and e-commerce). Eco was created to compete directly with the Bitcoins, gold and traditional currencies in games as a means of daily trading. Camp interviewed Fortune magazine:
I think it would be better to publish a new project from another philosophical perspective through collaboration with many universities, academics and academia - like the internet.
Eco vs. Bitcoin
In the
https://www.eco.com/eco-design-proposal-v1.pdf, Eco called Bitcoin a "speculative tool" rather than a "value intermediary" - something that the new electronic currency is trying to achieve. There are three main aspects that Eco considers to be a problem for Bitcoin:
1. Too much focus on the hands of a minority of investors.
2. The process of mining consumes a lot of energy.
3. Being widely perceived as a fraudulent tool.
Eco plans to neutralize these inadequacies through:
Establish a validation network in which universities will be the place to run the node (instead of the volunteer diggers joining the Bitcoin network).
• Increase in total money supply.
• Create a simple web and phone interface.
Eco Foundation, a nonprofit organization, will also be formed with the mission of designing Eco as "a global currency that is easier to use, safer and faster than paper money." There are a number of other features that separate Eco from Bitcoin, with the development team giving away 50% of the money to the earliest participants.
Similar to Bitcoin, the amount of Eco created will also be limited to a certain number. But unlike Bitcoin's total supply of 21 million, Eco will release up to 1 trillion units to help "billions of people possess the Eco Token," the news said in the whitepaper. Meanwhile, on the official website of the project, developers also hailed this as "a digital money for everyone" and provided a waiting list to receive free money.
Eco is building its transaction confirmation network from the world's leading universities, which is expected to "help create a more decentralized and co-operative financial infrastructure." in a way that saves more energy.
Eco does not intend to carry out an ICO to fund the project, which is also a good thing as governments around the world are increasingly tightening their management over the sector. is the SEC agency of the United States.
Garrett Camp told Fortune that the network's testnet could be up and running in the next few months.
