Europechain (XEC)

Europechain is built on the latest generation blockchain software (EOSIO) satisfying the need for fast and easily scalable blockchain technology. It was started by a team of experienced Block Producers operating on the EOS network who wanted to be able to properly address the needs of enterprises in Europe. Since EOS, and other blockchains lack the compliance factor, these block producers joined forces and created Europechain, the GDPR compliant enterprise blockchain. Ultimately, global businesses should be enabled to provide blockchain-based services, build and deploy blockchain-powered applications in an EU compliant way with Europechain and its 21 block producers.

More about Europechain can be found here.

These resources help you to get to know Europechain, to understand how the EOSI technology works and to start working with Europechain. Europechain will be the European HQ for the EOSIO community.

These resources help you to get to know Europechain on a technical level and to start working with it. You should be enabled to determine when it makes sense to use Europechain and the EOSIO software. You can also check the EOSIO profile for core technology insights.

At the moment, 100 million tokens (of 1 billion) are publicly for sale in the token pre-sale. The other 900 million tokens are reserved for founding members. Block producers earn tokens through inflation (1% annually). Their share of this 1% is awarded after producing their block.

Europechain utilizes a delegated Proof of Stake system where 2/3 of all block producers +1 must agree on important changes. This means that at least 15/21 block producers are needed to achieve consensus. Europechain’s founding members are also actively advocating for solid EOSIO governance and voting processes since Europechain is based on EOSIO technology.

An insight into this governance process can be found here.

The Europechain ecosystem currently consists of European EOS block producers: EOS Amsterdam, CryproLions, eosDublin, Dutch EOS & EOS Barcelona. The ecosystem is set to expand with various system integrators and technology providers through a partner program.

Europechain is currently selling its tokens in a pre-sale and onboarding additional European block producers. Since Europechain is built on EOSIO technology and targeting enterprises, the focus has been put on the application layer and especially applications that help businesses to get started as easy as possible. With FACT, WordProof, and the GiftVoucher application being live, users can already be onboarded and Europechain aims to add additional products such as an ID solution (My.D) in the near-term.

There are already 3 important blockchain applications live and more parties can start building on Europechain. Add all interesting projects here and great influencers here.