A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. Many cryptocurrencies are decentralized systems based on blockchain technology, a distrsibuted ledger enforced by a disparate network of computers. A defining feature of a cryptocurrency, and arguably its biggest allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.
No cryptocurrency or DLT-based applications have proven effective for daily use2. The blockchain ecosystem needs a decentralized counterpart to everyday money — a truly mass-market cryptocurrency with distributed utilization. Today, three main hurdles stand in the way of mass consumer attraction:
- The established blockchain networks are too slow for micro-payments.
Today’s confirmation model cannot compete with or displace centralized payment networks such as VISA and MasterCard.
- Cryptocurrency is hard to understand, obtain, and use.
Its true benefits and claims only manifest at scale. For this reason, the demand for cryptoassets comes mainly from investors, not consumers.
- Currency is a deep social franchise yet no markets have emerge to provide a utility for daily exchange.
The market of goods and services that can be bought with cryptocurrencies is nonexistent.
Why Alfa Enzo
Today, the world is all about Action. Social Networks emerged to help manage relationships and make connections visible. As everyone is network-aware, Alfa Enzo has a second-nature understanding that they can be connected with anyone, anytime, and anywhere. That given, a new framework that connects the activities they perform as individuals, is the next generation of social networking. With the advent of DLT, we can internetwork with adjacent peers and utilize their User Generated Content (UGC) in unprecedented ways.
Exchanging value should be as easy and frictionless as exchanging information. It should also be guaranteed and secure. Beyond this, users want to be able to access content quickly and painlessly.
Utility is the single biggest factor in the success of blockchainenabled offerings. Every offering to date attempts to solve for systematic scale before achieving product-level traction.
Cryptocurrency is not well defined at ground-level and its therefore not top-of-mind. Its utility, value, and promise need to be delivered via network effect as a tangible and transparent zeitgeist.
Any user globally should be able to to easily buy, store, and transfer value, as well as use decentralized apps in a natural way. No platform grounded in first-principles exists to connect these points.
Alfa Enzo is uniquely positioned to establish the first mass-marketcryptocurrency by providing a unique distributed commerce ecosystem that delivers on these properties at the outset.
What is EON
- A fast and multi-blockchain environment on a useful platform that makes sense to the average user.
- EON can be regarded as a decentralized social marketplace and value transfer system of a new decentralized economy.
- At its heart are firmly rooted first-principle concepts to help it scale and integrate into any application across the ecosystem.
Alfa Enzo Introduces its EON Blockchain
In order to support the network load from daily exchanges, we need a distributed model to facilitate global commerce with superior speed, incentivization structure, transparency, resiliency, and flexibility. The EON blockchain is built to support this functional level with the following design:
- Infinite Personal Chain
- Reverse Mining
- Atomic Commit
The EON Blockchain was designed from the ground up to deliver a truly efficient and global trust-less exchange framework by entrusting each chain’s genesis block to the users of the network. By engineering the trust into the system’s core, the IPC can achieve unprecedented levels of scale and performance.
The Alfa Enzo Team, with its 35-years of combined experience in building user-friendly interfaces and integrated user experiences, have developed Turing-complete wallets, exchanges, hardware, and identification services to allow users to use with cryptocurrencies in an intuitive way. Their expertise in Human Computer Interaction (HCI), mesh networking, operating system design, encryption, and distributed data models have enabled them to create EON.
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Author of the article:
✅Bitcointalk username: Erik_Smuel
✅Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2020517
✅My Ethereum Address: 0xA009D96EFB69bC8e328d43c4d18dd9B6d7422BC8