Ecochain

Ecochain

ECOC
$0.006556645

Key Metrics

Price$0.006556645
Real Volume (24H)$0
MarketcapN/A
Fully Diluted ValuationN/A
ATH$6.18
ATH Date5/4/2020, 4:20:39 PM
ATL$0.00016945
ATL Date12/4/2022, 4:51:15 PM
Circulating SupplyN/A
Total Supply2B
WebsiteN/A
WhitepaperN/A
Popularity Rank9494
Chart
What is Ecochain?

In the world of blockchain, ECOChain stands out as a permission-less, secure, and scalable decentralized public chain. It offers all the advantages of a public blockchain, including immutability, transparency, and transaction capability. But ECOChain goes beyond the basics by providing a platform to host Turing complete code, also known as smart contracts. With its Virtual Machine (VM) embedding, ECOChain aims to offer a brand-new solution for the economy and businesses.

ECOChain's mission is to integrate the global economic market with the blockchain world by building a global decentralized distributed ecosystem. Initiated by an international blockchain team, ECOChain uses blockchain technology as a basis to explore this integration.

ECOChain's architecture is designed to provide a high level of security and scalability. Running on Proof-of-Stake (PoS) consensus, it encourages more nodes to take part in the consensus algorithm, making it more decentralized and secure. The platform reportedly offers high transaction speeds (560 TPS) and short block creation times (32 seconds) for faster confirmation of transactions.

ECOChain aims to work as a bridge between applied technology and real-world markets based on blockchain technology. It provides a unique solution to businesses by offering the best of both worlds: the security of a decentralized platform and the transparency and immutability of blockchain.

ECOC is the native token of ECOChain, and users can mine it through a Proof-of-Stake system. The process encourages more nodes to participate in the consensus algorithm, ensuring a more decentralized blockchain. Every 32 seconds, blocks are created on the blockchain, and a winning node receives 50 ECOCs as a block reward.

To motivate coin holders to run a full node, staking is necessary. By running a node, investors decentralize the network and make it more secure. There is a small cost to run a node (server cost), so the reward must be greater than this. The staking reward is also compensation for the risk of the investor.

ECOChain is a decentralized public chain that provides security, scalability, and high transaction speeds to its users. It bridges the gap between applied technology and real-world markets, making it a unique platform that offers businesses the best of both worlds. With its unique architecture, ECOChain is poised to become a major player in the world of blockchain technology.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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