The Advantage of Eureka

Eureka is a UTXO-based decentralized blockchain that uses a proof of stake (PoS) consensus model in which the creator of the next block is chosen based on the held wealth in the native coin of the blockchain (Eureka Coin) instead of using the metric of hash rate like in the case of Bitcoin's PoW. In PoS, blocks are minted by stakers instead of being mined by miners. As a result, the stakers get rewarded with the transaction and deployment fees (Tx fees) of the network. Note that Eureka Coin has a zero inflation rate meaning there won't be any new coins created with each block and 10% of the Tx fees of each block will be burned while the remaining 90% will be distributed among the stakers. When a coin is burned it means it is completely outside of circulation & nobody has access to it.

Eureka is compatible with the Bitcoin and Ethereum ecosystems and the Eureka Virtual Machine is constantly backwards compatible. The Eureka blockchain employs industry use cases while also aiming at mobile device users. This allows promoting blockchain technology to a wide array of Internet users and therefore widening the decentralization of the transaction validation process in the Eureka ecosystem.