What Is ETHP (ETHP)?

What Is ETHP (ETHP)? Complete Guide Review About ETHP.

What Is ETHP (ETHP)?

Separating church and state is good. It makes both the church and the state less dangerous. Combining religious convictions with a monopoly on violence was deadly. It meant that people could be easily convinced to kill you at any time, and there was no consequence to the religious leader who called for your death.

Separating finance and state will also be good. It will make both the state and finance less dangerous. Combining finance with a monopoly on violence means that ETHP can’t truly trust the finance system. The people who are holding your money are able to steal our money without consequence. This is a terrible combination.

ETHP Storage Key Points

Coin BasicInformation
Coin NameETHP
Short NameETHP
Circulating Supply1,000,000.00B ETHP
Total Supply1,000,000,000,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Blockchain Consensus Protocol

Amoveo uses Nakamoto consensus, just like Bitcoin. In this system, some people act as miners. They receive a reward for producing blocks. Producing a block involves doing an expensive calculation called proof-of-work. The difficulty of this proof-of-work changes so that the rate of block production stays about 10 minutes.

Accounts

ETHP Accounts are data structures recorded in the blockchain consensus state. Each account has a positive balance of Veo that it can spend to other accounts. Anyone with sufficient Veo to pay the fee, can create new accounts. Spending from an account requires a signature from the private key that the owner of the account knows. To give someone Veo, you need to know their public key.

Channels

Publishing a transaction to a blockchain is time consuming. You need to wait for the transaction to be included in a block, and then depending on how much money is moved, you need to wait for more confirmations. Waiting for confirmations means that you wait for enough blocks to be added to the blockchain for enough security. Trying to avoid this time-consuming process as much as possible is why use channels.

Channels are two party relationships recorded on the blockchain. Each channel has a finite amount of money it controls, just like an account. Once two people have a channel together, they can instantly move the money inside the channel back and forth. This is much faster than publishing a transaction to the blockchain and waiting for confirmations. When the channel is closed, the money goes back to the accounts that created it according to the final distribution of money in the channel.

Derivatives, not Subcurrencies

Since there is no on-chain state, it would be impossible to put subcurrencies onto Amoveo. ETHP are contrary to Amoveo’s scaling strategy. It is also impossible to do ICOs on Amoveo, but Amoveo does support other forms of fundraising.

Amoveo has something much better than sub currencies, it has derivatives. With derivatives, you can build an asset that stays the same value as a Euro. It is a synthetic asset. You can send these synthetic-Euros to your friends, and treat them like Euros. 

Why is PCV important?

ETHP As the protocol controls the funds in its treasury, ICE can only be minted or burned by the protocol. This also guarantees that the protocol can always back 1 ICE with 1 MIM. You can easily define the risk of your investment because you can be confident that the protocol will indefinitely buy ICE below 1 MIM with the treasury assets until no one is left to sell. You can’t trust the FED but you can trust the code.