Wrote this for Deepdotweb.com a few days ago.
Virtual currencies, particularly cryptocurrencies, have witnessed a booming growth pattern during the past few years as they have proven to offer a fast, highly secure, low fee payment method that is exceptionally convenient for small (micro) as well as large transactions.
A group of researchers from the University of Girona, Spain and the Universidad Autonoma de Bucaramanga, Columbia have published a paper that proposed a new cruptocurrency, Eurakos Next, which is based on a pre-existing virtual currency, known as Eurakos that is currently operating via utilization of the digital contract technology. The researchers represent an evolution of the existing Eurakos by signing commercial agreements by two peers, across the blockchain, within a social network that operates in a mobile context using Ethereum’s blockchain smart contract technology.
To read the whole article, please visit:
https://www.deepdotweb.com/2016/12/22/eurakos-next-new-complementary-cryptocurrency-based-ethereum-blockchain/