What Is Eurocoin (EUC)?

Eurocoin (EUC) is an open-sourced, decentralized digital cryptocurrency that functions on a community-based standard. The Eurocoin platform utilizes peer-to-peer networking as the primary means of conducting transactions. The currency's value is determined by the number of products and services users are willing to trade using the Eurocoin, rather than by a central authority. Eurocoin is a global currency that may be used in any country at any time.

As per its website, the Eurocoin platform has the motto, "no one owns or controls Eurocoin, and anybody can take part of it." The platform allows users to trade the coins using the legit cryptocurrency trading bots available in the market. A bot is a software program that operates on the internet. The Eurocoin platform features fast processing of transactions occurring in nanoseconds. Since the Eurocoin transactions process over the internet, there is no physical currency to handle. Hence, there is no wait time for transactions to be processed while using a debit or a credit card. The platform seeks to implement the automation function based on bitcoinup.io.

EUC is the native token of the Eurocoin platform. EUC token operates on the SHA256 token standard. SHA256 is the specific hash function used in the mining process to secure bitcoin transaction. EUC is a limited supply token that can be obtained through the process of mining. This process is implemented to prevent the issues like inflation and debt that are pretty common with traditional currencies. A controlled and fixed amount of Eurocoins is mined every day digitally. The mining of Eurocoin consumes high-computing power, electricity, and substantial funding as it processes SHA256 hashes. These hashes are solved dynamically, verifying transactions and adding them to the network's transaction logs.

History of Eurocoin (EUC) 

Eurocoin was launched in July 2015. EUC has a total supply of twenty million Eurocoins.