Blockchain Startup Exscudo Rolls Out EON Source Code On GitHub

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Exscudo, all in one financial services provider, has published the public part of the EON blockchain source code on GitHub.

The source code covers the rules of consensus, emission and block confirmation. The blockchain has been developed by the Exscudo team and is focused on providing and supporting financial services. It also enables Exscudo to develop its independent products and services.

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The team has published the EON peer core source code on GitHub. It shows the main structure of the system, and how EON works and interacts within itself, but it does not cover the full functionality of the node.

“We are concerned about the security of our customers and we want to protect our intellectual property”, – CEO Andrew Zimine explains, – “I wouldn’t like anybody to set up a peer network before we do it ourselves. This is why we do not publish the full information about nodes on this stage”.

However, Exscudo plans to launch the EON test network in a couple of weeks after the end of the ICO. The detailed instructions to setting up regular and master nodes will be published in June. The minimum technical requirements for setting up a node on a virtual server are the following: you will need a machine with 1 or 2 cores, 1-2 Gb operational memory with unix-support, 100-200 Gb HDD.

EON uses the DePOS mining algorithm. This means that the nodes that have more coins deposited are more likely to sign a block. DePos mining is considered to be more fair for node owners, as the rewards do not depend on the power capacity of the mining equipment. The minimum sum required for starting a node equals 25.000 EON coins. In case a user deposits more coins on the node, he raises his chances to sign a block.

The launch of the EON test network is planned for June 2017. After the blockchain is set up, Exscudo will launch its first product, the Channels mobile app. Channels is a mobile wallet and secure messenger that works on the EON blockchain. It provides for secure communication, payments, trading and money exchange.

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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