EON Blockchain: Lightning-fast Blockchain Makes Exscudo Magic Possible

Exscudo
4 min readFeb 9, 2022

Our goal is to build a full DeFi infrasctructure and connect to the wider blockchain ecosystem.

The EON technology can be used in many different spheres, such as finance and business. The main features are reliability, power and protection against different types of attacks.

Flexibility and effectiveness of the technology are achieved through a lowering of the load on the EON platform. The decentralized network assumes the critical function connected with safety. At this time, the less critical data, such as avatars and pictures, are stored with external service providers.

In EON, every user becomes a part of the network and raises his own peer instance. We are interested in keeping the EON Blockchain decentralized.

EON Blockchain: The Present

  • 22 tps, only 180 seconds to finality, and near-zero network fees (+100K times less than in BSC and +120 times less than in Polygon).
  • Perfect for: eCommerce, offline stores, donations and PSPs.
  • Allows to tap into liquidity on major exchanges: An SDK for creating new dApps and integrating Fintap features into existing services; Seamelss integration with the OTC Exchange Core and MultiAcquiring.

EON Blockchain: The Future

  • Near-instant, zero-fee money transfers on EON combined with the limitless money-making opportunities offered by DeFi.
  • Fiat-crypto conversions at the best fixed rates + staking, lending, and backing new projects on the EON blockchain.
  • A set of bridges to connect EON to the most popular chains.
  • Full smart contract & smart asset support.
  • Perfect for: DeFi dApps that need fiat ramps; Cross-border money transfers; Merchants using regional payment systems.

1. Any company can create a similar application based on FinTap SDK for free or integrate FinTap functionality into their own application.

2. Target Fields:

  • ECommerce
  • Offline Shops Donations
  • Payment Service Providers

3. Provide liquidity from major exchanges:

  • Binance
  • Bitstamp
  • Kraken
  • Bitfinex

4. Exscudo Springboard is a platform for deploying new tokens and liquidity pools. All major standards will be supported:

  • BTC, ETH, DOT and 20+ blockchains
  • ERC-20, TRC-20, NEP-5 and 25+ protocols

5. Integrated through Gates, APIs and interfaces:

  • Blockchain & Cryptos
  • Payment Service Providers
  • P2P brokers (individual)
  • P2P Brokers (business)
  • FXs & Exchanges
  • Banks & Financial Institutions
  • Automated trading Systems
  • Payment Systems & EMoney

Powered by EON: The FinTap project

Fintap is one single application that unites the functions of a multicurrency wallet and a protected messenger. It allows for easy access to the personal account and financial services of Exscudo. The multicurrency wallet allows users to manage cryptocurrency accounts at any place or time. It helps realize internal transfers between accounts with instant conversion on the exchange at market rate and to make payments through NFC on mobile clients (PayWave).

The payment systems is integrated with the liquidity center, which allows to use the relevant exchange rate, a minimum commission for conversion, as well as to reduce the time of conversion and the time period required to transfer the funds to the account.

The Decentralized messenger for secure communication and the option to make financial transactions directly in the chats. You can communicate confidentially and transfer funds safely, simply by sending a message to your contact.

Powered by EON: The Exscudo project

The Exchange is based on its own proprietary platform that is absolutely safe, fast and fully compliant. The system meets all international banking standards. All transactions run within the system without third-party services. The Exchange delivers an ultimate trading experience due to an adaptable user interface that is extremely easy-to-use for beginners but professionally multifunctional for experienced traders.

To gain independence from third-party developers, Exscudo is built the EON network. This technology allows Exscudo to handle transactions between the Exscudo Stock exchange and international banks, as well as cryptocurrency wallet users and fiat accounts holders. EON is the blood that fuels the whole system.

Conclusion

Exscudo is a constellation of financial services designed to meet the needs of even the most demanding of DeFi users.

We are blockchain finance as it should be: truly private and supremely fiat-friendly.

Join our IDO waitlist now: https://exscudo.com/ido

About Exscudo

Exscudo is a multi-currency payment ecosystem with a $250M transaction volume in 2021. It features 600 ways to convert crypto and fiat at the best fixed rates; crypto acquiring for merchants; a blockchain messenger with built-in crypto purchases and transfers; and near-zero in-app fees. The platform uses the proprietary EON blockchain and will become fully decentralized by 2023.

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Exscudo

We combine traditional money and cryptocurrency to deliver a new type of financial experience.