ECOChain works as a bridge connecting applied technology and real world markets in Blockchain technology. In this article, as Kriptokoin.com, “What is ECOChain?” We will answer the question. In addition, we will touch on other questions about the project.
What is ECOChain? What does it do?
ECOChain operates on a Proof-of-Stake consensus, which ensures security and scalability. It is a decentralized public Blockchain that supports smart contracts using a Virtual Machine (VM) as the executor. Also, High Transaction Speed (560 TPS) and Short Block Creation (32 seconds) can offer a faster confirmation for all transactions. ECOChain works as a bridge connecting applied technology and real world markets in Blockchain technology.
Seeking to set the pace in the financial market and the Blockchain industry in general, ECOC guarantees a more transparent and secure platform. By integrating blockchain and easing the problem of information asymmetry, information is more user-controlled and tightly secure. With 2 billion ECOC cryptocurrencies and over 80 million in circulation, ECOChain has established itself as one of the leaders in the cross-chain industry.
What is ECOC?
The native Token of the platform is ECOC. ECOC encourages more nodes to participate in consensus algorithms. It is also based on a PoS which makes Blockchain more decentralized as there is no mining cartel. Staking is particularly necessary to motivate cryptocurrency holders to run a full node. At the same time, running a node decentralizes it and makes it more secure. Running a node has a small cost.
How does it work?
ECOC is based on Bitcoin and Ethereum. Adhering to the most basic decentralized spirit of blockchain, it specifically adopts the PoS consensus algorithm. This decentralization provides greater flexibility, an unreliable/full permissionless system, and a low risk of systemic failure. ECOC has strong performance. It has also been proven to solve a variety of application scenarios. The third-generation high-performance public chain has achieved many successes in the application field. It aims to make even more progress in the world of cryptocurrencies.
What is ECOChain? How to buy ECOC?
ECOChain is currently traded on a small number of cryptocurrency exchanges. The exchanges where ECOChain is traded are listed as follows: Bittrex and PancakeSwap. People who want to invest in the project should access the web/mobile application of the stock exchange where the project is traded. Next, the exchange must complete the account opening steps.
