EcoPay Coin Official Website
EcoPay Coin is a crypto-currency based on highly efficient proof-of-stake consensus algorithm that solves many existing blockchain problems such as sustainability, scalability and energy efficiency.
The latest study suggests that the entire Bitcoin network consumption can reach to 7.67 gigawatts in by the end of the 2018 year.
This energy consumption is large enough to power a country the size of Austria.
EcoPay Platform aims to eliminate number of critical issues that proof-of work based blockchains facing now in a term of sustainability and environmental issues.
Why EcoPay platform?
As blockchain technology continues to evolve, achieving decentralized distributed consensus in an immutable way will remain a primary goal of new projects. These projects seek to effectively establish a record that is agreed upon by everyone. Third generation blockchain networks like EcoPay are employing Proof-of-Stake, an environmentally-conscious alternative to the Proof-of-Work methodology, both as a means of reducing the computing power required to effectively mine a block and as an answer to the security problems posed by Proof-of-Work.
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