EUREKA COIN
MAJOR ANNOUNCEMENT
We will release the Eureka coin first as an erc20 token, that will be a direct 1:1 equivalent once the blockchain is fully developed and the coin can be released.
Decentralized Apps, Smart Contracts, Value Transfer,
& Self Governance Protocols on a
Distributed Application Ledger
Abstract: Proof of Stake algorithms promise significant advantages in
achieving distributed consensus compared to Proof of Work. Combining
Proof of Stake with other important requirements such as the automation
of cross-organizational collaboration with mobile wallets that support
simple payment verification (SPV) techniques will allow for broader
industry adoption. Moreover, having an existing user friendly
infrastructure that allows digitalization and self-governing tokenized
ecosystems is essential to achieve a global adoption. Ethereum, the
leading smart-contract platform today, is facing scalability issues due to
its computationally expensive Proof of Work algorithm & the necessity
for nodes to download the entire blockchain which limits the utility of
the Ethereum blockchain. This white paper introduces the Eureka smartcontract framework that aims for sociotechnical application suitability
insuring long term scalability and reliability. The Eureka Blockchain is
powered by a native coin that has a zero inflation supply. The coins will
be continuously bought back and burned using all the net profits of the
development company Polaris Universal and 10% of the transaction fees
will be continuously burned. The open source decentralized platform will
have ready to use SPV solutions in addition to allowing for diverse
implementations of sidechains. The blockchain will come with a
complete infrastructure that allows building, storing, and trading selfgoverning PoS-based tokens. Eureka is a state of the art blockchain built
to be widely used for industry-cases applications.
outlets that already covering the Eureka story 🙂