What is EUNO?
EUNO (EUNO) is a decentralized payment project that aims to become a go-to mode of payment in a cashless future society. The platform's core values are equitable distribution, long-term stability, and ease of use, which it believes will establish a sustainable and reliable payment platform. The project's primary product, EUNO Pay, offers instant crypto to everyday payment transactions using NFC (near field communication) technology, enabling close-range communication between two devices via radio frequency.
EUNO's main objective is to address adoption barriers by offering a decentralized payment medium that decreases volatility and risk issues for merchants. The platform uses a network of widely distributed coins to incentivize the use of cryptocurrency in everyday transactions.
The native token of the EUNO platform is EUNO, which introduced the ACID (Adoption and Convergence Incentivized Distribution) protocol to address issues such as decentralization, trustlessness, immutability, and incorruptibility. By combining the robust security features of previously developed cryptocurrencies, EUNO has resolved network vulnerabilities and reduced the incentives for harmful attacks.
EUNO Coin merged a stable blockchain with a three-tiered proof of work (PoW), proof of stake (PoS), and masternode system to ensure network stability and enable multiple, large, and secured transactions. According to the whitepaper v2, EUNO has eliminated the need for mining by not switching to a stringent PoS and masternode system, giving users more control.
The EUNO network maintains a fully autonomous and decentralized governance structure. EUNO Pay is administered by a community that allows for a flexible and democratic framework for continuous project development, functional, usability, and security improvements.
EUNO is a self-funded project founded in June 2008, with Faustino Hernandez as the director of operations, Angel in infrastructure and dev ops, and Arjan as the full-stack web developer. The whitepaper was published in September 2018 and was updated in April 2021.
As a self-funded decentralized payment project, EUNO aims to provide a reliable and sustainable payment platform that addresses the challenges of adoption barriers in the crypto space. The platform's values of equitable distribution, long-term stability, and ease of use make it a viable option for merchants and everyday users alike. The introduction of the ACID protocol and the combination of PoW, PoS, and masternode systems provide robust security features that ensure network stability and enable large transactions. With its fully autonomous and decentralized governance structure, EUNO Pay is administered by a community that is committed to the continuous development and improvement of the platform.
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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