ECOChainECOC
$0.0120
ECOC Price Prediction and Price Movement
ECOC has been down 38.84 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that ECOC's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if ECOC is backed by a solid development team and whether ECOC's technology has any potential to grow.
Please note that this analysis is purely base on ECOC's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
ECOChain Price Chart
About ECOChain
What is ECOChain?
ECOChain, also known as a decentralized public chain, describes itself as a permission-less, secure, scalable blockchain. It aims to offer all advantages of a public blockchain: immutability, transparency, transaction capability. Additionally, embedding a virtual machine (VM), it makes it a platform to host Turing complete code (smart contracts). It is the bridge that connects applied technology and real-world markets based on blockchain. It aims to offer a brand-new solution for the economy and businesses. ECOChain was initiated by an international blockchain team that uses blockchain technology as a basis to explore the integration of the global economic market and the blockchain world and also build a global decentralized distributed ecosystem.
What is the Value of ECOChain?
ECOChain is a decentralized public blockchain which aims to provide security and scalability, running Proof-of-Stake consensus and supporting smart contracts by using Virtual Machine (VM) as executor. Moreover, it reportedly offers high transaction speeds (560 TPS) & short block creation times (32 seconds) for faster confirmation of transactions. ECOChain aims to work as the bridge which connects applied technology and real-world markets on blockchain technology.
How do you mine ECOC?
ECOC is based on a Proof-of-Stake system (PoS) which encourages more nodes to take part in the consensus algorithm and makes blockchain more decentralized as it has no mining cartels. Blocks are created on the blockchain every 32 seconds and a winning node receives 50 ECOCs as a block reward. Staking is necessary to motivate coin holders to run a full node. Running a node decentralizes it and makes it more secure. There is a small cost to run a node (server cost), so the reward must be greater than this. The staking reward is also a compensation for the risk of the investor.
How do you buy ECOC?
You can buy ECOC through any cryptocurrency exchange that supports ECOC or visit (http://ecoc.io) to see the list of trading venues for this asset.