One of the founders of Uber launched the 'Eco' cryptocurrency to match Bitcoin. Garret Camp, the founder of the platform, announced 'Eco' as a new cryptocurrency aimed at making it faster and more efficient.
However, businesscloud writes, Eco will not be anonymously full of Bitcoin. "Transaction will be done only verified network,"
The presence of Garret's cryptocurrency is an attempt to address the complaints and shortcomings of the previous digital currency. It's kind of an anonymous account or the danger of cyber attack or hacking.
The techcrunch site says a trillion Eco coins will be produced at launch.
The details are 50 percent for the first billion applicants, 20 percent for colleges with trusted IP addresses, 10 percent for advisors, and 10 percent for strategic partners.
The remaining 10 percent will be awarded to the Eco Foundation which oversees the cryptocurrency.
Another Eco Advantage is the ease of site and mobile apps, which are user friendly. It also means the targeted 'targeted' cryptocurrency can be accessible for everyone. On the other hand, users will not be worried about the price of Eco is too high.
Not to forget, Eco also want to be more efficient in energy use when doing transaction verification and get token.
Camp confirmed that there will be no initial coin offering (ICO) within Eco, as some ICO operators in various countries often encounter regulatory issues.
Eco is expected to test the network by the end of this year, but users can register to get usernames and tokens.
