EUNO

EUNO (EUNO) is a self-funded decentralized payment project. The platform aims to become a known mode of payment for the future cashless society. The core values of the assets to establish a sustainable and reliable platform are equitable distribution, long-term stability, and easy usage. The primary product, EUNO Pay, allows instant crypto to daily life payments using NFC (near field communication) technology. This technology allows two devices to develop close-range communication via radio frequency.

EUNO focuses on resolving the issue of adoption barriers by providing a decentralized payment medium that decreases volatility and risk issues for merchants. Using a network of broadly distributed coins incentivizes use in everyday transactions.

The native token of EUNO is EUNO. EUNO coin also introduced the ACID (Adoption and Convergence Incentivized Distribution) protocol. This protocol allows the platform to address issues such as decentralization, trustlessness, immutability, and incorruptibility. The platform, EUNO, has combined robust security features of previously developed cryptocurrencies and has reached the goal of resolving network vulnerabilities and reducing the incentives for harmful attacks.

The whitepaper v1 mentions that EUNO Coin merged a stable blockchain with a three-tiered proof of work (PoW), proof of stake (PoS), and masternode system that ensures network stability and allows multiple, large, and secured transactions. The proof-of-work algorithm is used on the EUNO blockchain.

Further, according to the whitepaper v2, EUNO has not switched to a stringent proof-of-stake (PoS) and masternode system, eliminating any need for mining and giving users more control.

The EUNO network maintains a fully autonomous and decentralized governance structure. EUNO Pay has a community that administers the platform. Hence, this allows a flexible and democratic framework for continuing project development and necessary functional, usability, and security improvements.

EUNO is a self-funded project that was founded in June 2008. The platform team consists of Faustino Hernandez, director of operations; Angel, infrastructure and dev ops; and Arjan, fullstack web developer. The whitepaper was published in September 2018 and was updated in April 2021.