Ecoin Price (ECOIN)

What is Ecoin (ECOIN)

Ecoin is an electronic cash system applied to face-to-face payment scenarios. It is mainly used in logistics, retail and catering industries. Ecoin builds an open blockchain-based payment platform system. Any person or business with face-to-face payment needs can participate in the system. No third party acts as a trust endorsement, and buyers and sellers follow the underlying agreement to exchange transaction information. In terms of transaction amount, Ecoin is an electronic cash system based on the application of smaller credit payment scenarios. It can roll over multiple payment services and liquidate net funds within a certain period of time.
Compared to Bitcoin, Ecoin is a more sophisticated and optimized electronic digital currency that gives more possibilities for realizing applications in specific scenarios. In order to solve the problem of high transaction fees and transaction confirmation time for Bitcoin, Ecoin adopts an 8M block capacity, combined with lightning network technology, to achieve a dramatic increase in transaction transfer speed. In the face of security risks in existing digital currencies, Ecoin uses the SHA-3 algorithm that resists quantum attacks and the faster and more secure Ed25519 signature algorithm. At the same time, by reviewing the development of the mining industry, especially the gradual concentration of mining calculations, we have given the Ecoin mining mechanism with anti-ASIC mining machine features in a technical way, which helps to achieve the “democratization” of digital currency. In short, Ecoin will be a better proposition for digital currency.

Ecoin (ECOIN) Community

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