Blockchain was created by Satoshi Nakamoto in 2008 and used as a book or book for public transactions of bitcoin cryptocurrency. The discovery of the blockchain for bitcoin made it the first digital currency to overcome the problem of double spending without requiring trusted authorities or central servers. This bitcoin design has also inspired other applications.
The Blockchain was designed from the start to be safe or secure by design and is an example of a distributed computing system with high Byzantine Fault Tolerance (BFT). A decentralized consensus can be achieved by blockchain. This makes the blockchain suitable for recording events, medical records, financial and record management activities others such as identity management, transaction processing, documentation of evidence, food traceability and voting.
We observe that most cryptocurrency has mandated sudden and sudden transitions. This affects their hash level and therefore their protection against multiple expenditure attacks that we do not limit to ideas 51% of attacks are very misleading.
In addition we show that smaller bitcoin competitors are substantially more vulnerable. In addition to lowering the hash level, many bitcoin competitors mandate very important adjustments in miner prizes. We show an altkoin example that validates our theory and which programmed process of decline and self-destruction are fast has clearly begun.
To achieve mass adoption for cryptocurrency, self-sustainability remains fundamental. The EcoVerse team faces this problem by introducing ideas about incentive compatibility. From an incentive compatibility perspective, we analyze why many cryptocurrency leads to rapid self-destruction.
To avoid self-destruction and provide a standalone platform, EcoVerse is a socio-psychological approach to designing incentive models based on Spiral Dynamics and Integral Theory, called CONFIRM which stands for Comprehensive 'N Flexible Reward Incentive Model. CONFIRM is a model that offers different incentives based on individual characters.
The purpose of CONFIRM is to provide various incentives to other people besides monotonous economic incentives that have been practiced by other cryptocurrency and their platforms. Through obtaining various incentives that will provide satisfaction and fulfillment in the various desires given by the model, the ecosystem will become independent, to serve as a solution for inequality of wealth issues.
EcoVerse uses a new consensus protocol for block formations, AI-DPOC systems or stands for Artificial Intelligence supported Delegated Proof of Contribution. AI-DPOC will facilitate ecosystems that are able to distribute rewards obtained from the consensus process, and provide incentives to all participants in the process.
AI-DPoC has a structure similar to Delegated Proof of Stake (DPoS). In DPoS, individuals or companies invest heavily to become network nodes and become delegates (BP). Although BP is chosen by participants, it is very difficult to replace one delegate with another Networks and communities are very dependent on several individuals or delegates.
Instead, the node in the AI-DPOC will be built by the EcoVerse team and donated to the community. The community will form a committee to operate each node. Members of the committee will be democratically elected. For node operations, most work will be automated and run by the EcoVerse foundation at first , but Artificial Intelligence when it reaches alpha.
By using the AI-DPOC consensus that adopts Sharding and Raiden Networks, EcoVerse will be able to handle a large number of transactions per second (TPS) and complete each transaction in seconds. With TPS, usually known as scalability, cryptocurrency networks must be able to handle a large number of transactions The EcoVerse network will handle up to one million transactions per second in the lab and more than 100,000 transactions in real-world settings.
In addition, the EcoVerse platform will support the upcoming dApps and utilize a system of two coins with Tickers: ECR and ECX. EcoVerse-X or ECX are private tokens tethered to fiat which are useful for items or service costs on platforms to combat volatility. EcoVerse-R ( ECR) is a utility token used for platform costs and will be offered during the Initial Coin Offer. Both coins offer various options for platform users.
EcoVerse (ICO) Initial Coins offer starting 15 November 2018. Participants can register on our website ecoverseglobal.io. We recommend bookmarking our site for security. Registration of KYC or AML compliance is mandatory.
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Ann (bounty) Thread: https://bitcointalk.org/index.php?topic=5061863
Whitepaper: http://ecoverseglobal.io/whitepaper
Facebook: https://facebook.com/ecoverseglobal
Twitter: https://twitter.com/ecoverseglobal
Telegram: https: // t .me / ecoverseglobal
Reddit: https://www.reddit.com/user/ecoverse_official
Ann (bounty) Thread: https://bitcointalk.org/index.php?topic=5061863
Authors: Loksyun
My Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1886140;sa=summary
My ETH: 0xd0d8c8e966efC43d681a33f2536fD44AfDf8c827
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