Review on Eurocoin by Toprak Dere
About Eurocoin
EuroCoin, as the name suggests, is a unique cryptocurrency focused on widespread adoption in Europe. It plans to make extensive integrations with traders both online and in the physical real world across Europe and become the 'official' cryptocurrency of the European Union. It aims to shift the economy of the union to the 21st century and make it a more economically compatible unit.
The technology Proof of Work (PoW) consensus mechanism is a popular approach used by many cryptocurrencies, including BTC, for blockchain applications.
Apart from being another cryptocurrency among hundreds of altcoins, EuroCoin is one of the few currencies that has a concrete purpose. It aims to grow the European Union economy with blockchain-based technology, where trade takes place both within the European Union and across the world in a decentralized and secure manner. This will create a truly unlimited and distributed economy where anyone can trade and trade with the Union without dealing with lengthy contracts or trade restrictions.
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Pros
- Unique ERC technology, such as the powerful difficulty readjustment algorithm and consensus mechanism, makes it very different from other altcoins that mostly copy the code base of a larger coin.
- The most innovative feature of EuroCoin is the FinanceCloud API developed by the developer team. This technology is intended to be a decentralized, peer-to-peer, and most importantly cryptocurrency-independent solution for combining the economies of fiat and blockchain-based currencies.
Cons
- not listed in most exchanges
- the project should be developed and supported more
