Eagle Project Announces their First Step Towards Their New Payment System – EagleX

The digital age is nearer than most people anticipate. Ever since the creation and utilization of cryptocurrencies was done a large scale, the world has seen a number of unique methods of using this amazing technology. From creating internet-run currencies to useful tokens that can be used through a number of different ways, the power of the blockchain is something that has not only allowed people to attain massive success, but is also developing daily.

With the success of currencies like Bitcoin and Ethereum, many new cryptocurrencies have come up, attempting to replicate them. Many researchers and experts have claimed that this new rise of cryptocurrencies will all be gone in a few years - when only a few exceptional cryptocurrencies will remain. Among them is expected to be EagleX.

EagleX is a digital asset which represent the managing power of the IronGeekChain, a blockchain that supports multiple type of digital assets. It offers smart contract which support decentralized application. It has a consensus mechanism, along with quantum resistance, cold staking, desktop, mobile and web wallets among other features.

The project aims to become the standard payment system of the future, and hopes to to make crypto currency usable and acceptable in any place and for any kind of payment. Eagle Project is the next economic revolution.

The Eagle ecosystem depends on two native digital assets, EAGLE and BENZ. Other parties can create smart contracts or digital assets in Eagle ecosystem. Using Eagle will allow holders to do cold staking and receive BENZ. It will become the main currency utilized for buying token when an ICO is conducted in the Eagle ecosystem.

Holding NEO will get GAS, whereas holding EAGLE will get BENZ.

Upon the creation of the decentralized exchange in Eagle ecosystem, Eagle will become the main currency to be paired with other coins. Furthermore, Eagle holders can receive airdrop when a token is issued in Eagle ecosystem.

The blockchain is secured by representative nodes which are  the representation of all Eagle holders.  A transaction need to be validated by 2/3 of all representative nodes. If some representative nodes sending cheat or false transaction, as longas the false ones are less than 2/3 of all nodes, the transaction will be rejected.

That said, these new developments that are being done certainly amend the issues that existed previously with the old EagleCoin. With the creation of their own blockchain, Eagle will be able to ensure better security on their decentralized application, as well as cold staking, mobile, desktop and web wallets and more.

About EagleX:

Eagle system, a payment system using blockchain technology supporting fiat money token (smart contract digital asset) that complies with the regulatory authorities of most jurisdictions.

EagleCoin in the first step of Eagle project which is previously an ERC20 Ethereum token that functions as a digital asset. To achieve the goal of the project to be the next generation of payment system, EagleCoin will be transform from an ERC20 token to the new Eagle having its own blockchain with great features, called IronGeekChain. For more information https://eaglepay.io

Media Contact
Company Name: Eagle Team
Contact Person: Gary Thomas
Email: Send Email
State: Jakarta
Country: Indonesia
Website: https://eaglepay.io

Source: www.abnewswire.com

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