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Author Topic: EagleX (EGX) - own blockchain "IronGeekChain" based coin  (Read 2451 times)
russian51 (OP)
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June 09, 2018, 04:20:25 PM
Last edit: July 10, 2018, 03:55:52 PM by russian51
 #1

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.


https://eaglepay.io
International telegramm group: @eaglecoinworld | @eagle_malaysia | Indo: @eaglecoin | announcement: @eaglecoinglobal | Rusian: @EagleCoinRussia
VK group: https://vk.com/eaglecoin
Twitter: https://twitter.com/EagleCoinID
Facebook: http://fb.com/EagleCoin
LinkedIn: https://www.linkedin.com/company/13453528/
Github: https://github.com/elangindonesia/EagleCoin
russian51 (OP)
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June 09, 2018, 04:21:25 PM
 #2

In the atomic swap decentralized exchange, cryptocurrencies from different blockchains can be paired, therefore users can use many kind of cryptocurrencies for payment or easily convert them to any suitable fiat money and use it for payment.
hashcoin
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June 09, 2018, 04:58:52 PM
 #3

eaglex has a free transaction fee? is this correct? does it apply to all types of transactions? if this true ,eaglex is very impressive.
russian51 (OP)
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June 10, 2018, 09:00:12 AM
 #4

You are right - eagle has zero transaction fee. We have a perfect blockchain with a lot of hreat features.
russian51 (OP)
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June 10, 2018, 09:45:58 AM
 #5

IronGeekChain use a consensus mechanism called Iron dBFT (Iron delegated Byzantine Fault Tolerant). A transaction need to be validated by 80% of all active master nodes. If some representative nodes sending cheat or false transaction, as long as the false ones are less than 80% all active master nodes, the transaction will be rejected. Valid transaction will be recorded in a block which need 15 – 25 seconds to generate a block in IronGeekChain. A thousand transaction can be validated in a second.
russian51 (OP)
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June 10, 2018, 09:47:59 AM
 #6

Guys we need to underline something - IronGeekChain is a platform
bazhin111
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June 10, 2018, 09:58:31 AM
 #7

Fine, we'll get a good blockchain and free transactions, any free coins as a gift or for any job offer, please in PM, thank you
russian51 (OP)
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June 10, 2018, 12:00:35 PM
 #8

No problem, for a moment we are gaining our team. I will PM you...
crowdsystems
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June 10, 2018, 12:08:34 PM
 #9

Hi, guys)
All you r saying here sounds really awesome, but what mechanism is going to be used for migrating from erc20 to your custom blockchain?
russian51 (OP)
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June 10, 2018, 12:27:44 PM
 #10

Mechnism still under decision, but probably hodler of old erc20 tokens will send tokens for separate adress and we will provide new coin with 1 by 6 swap.
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June 10, 2018, 04:56:48 PM
 #11

Mechnism still under decision, but probably hodler of old erc20 tokens will send tokens for separate adress and we will provide new coin with 1 by 6 swap.

Well, is it going to be something like mirroring?
russian51 (OP)
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June 11, 2018, 11:08:46 AM
 #12

Hi EagleHodlers!, Remember EagleX is not just a coin, It's a Platform: IronGeekChain. 😎
russian51 (OP)
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June 11, 2018, 11:11:03 AM
 #13

Mechnism still under decision, but probably hodler of old erc20 tokens will send tokens for separate adress and we will provide new coin with 1 by 6 swap.

Well, is it going to be something like mirroring?

What do you mean?
russian51 (OP)
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June 11, 2018, 11:24:10 AM
 #14

Hi EagleHodlers!, We are proud to announce that we have finished IronGeek Master Node development phase,  we are going to get into the staging phase through the EagleX TestNet deployment this week, as soon we have finished deploying it, we will do open TestNet public account for eligible users. How much BENZ need to be paid and tutorial how to setup the IronGeek Master Node and also Coinmarketcal event date will be announced later on. What we should know about Iron dBFT algorithm? Iron dBFT is an alogorithm consensus mechanism to determine whether a transaction valid or invalid using final decision 20% Fault tolerant, it means a transaction Must be validated at minimum rate 80% of total active online nodes, what Iron dBFT offer and different compare to other dBFT is: Iron dBFT can determine how much active total online nodes Dynamically, and collaborate all the participant online nodes Automatically in order to achieve the consensus. Iron dBFT is totally open to public and fully Decentralized. 😎💪
russian51 (OP)
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June 11, 2018, 02:25:26 PM
 #15

Thanks, stay with us. Another awesome news are coming soon. We are making future.
russian51 (OP)
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June 12, 2018, 06:51:52 AM
 #16

We Will announce the perquisite to run Iron Master Node, just stay tuned.
russian51 (OP)
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June 12, 2018, 06:52:45 AM
 #17

Thanks, stay with us. Another awesome news are coming soon. We are making future.

Ok, subscribed to your channel)

Great, all news we have into Telegramm group first of all. https://t.me/eaglecoinworld
russian51 (OP)
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June 15, 2018, 01:20:03 PM
 #18

Hi EagleHodlers, for those who are wondering where we put the source code, the answer is: We have Private source code repository, and will release it to the public as soon we go alive with EagleX
russian51 (OP)
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June 16, 2018, 06:49:15 AM
 #19

Dear Eagle holders, very soon our IronGeekChain platfrom will be alive. Stay with us!
russian51 (OP)
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June 17, 2018, 01:33:56 PM
 #20

Next week we are expecting great news about our platform and future plane how to be in TOP.
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