Co-founder of "Uber" announced the creation of a cryptocurrency Eco

Co-founder of UBER Garrett Camp intends to issue a cryptocurrency called Eco. Camp sees it as a global virtual currency, used as a means of payment for daily user transactions. The planned emission will be 1 trillion Eco coins, half of which will be completely distributed among the first billion registered and verified users. 20% will be provided to universities, node managers, and 10% to the partners of the company, advisors and Eco Foundation, which will support the network. For the Eco Foundation's operating expenses, Garrett Camp plans to provide $ 10 million with partners.

Since all tokens will be distributed free of charge, ICO is not required, which eliminates the legal problems most often encountered by the organizers of the primary location of the tokens. 

Since all tokens will be distributed free of charge, ICO is not required, which eliminates the legal problems most often encountered by the organizers of the primary location of the tokens.

The creators of the project declare that the use of ECO is intended to improve many aspects inherent in cryptocurrencies. For example, network support and transaction confirmation will be implemented using only verified nodes. This solution will practically deprive ECO of decentralization, but will improve the security of the network, and also eliminate most of the external threats.

The structure of rewards will also become a distinctive feature of the new cryptocurrency. Each time the node confirms the creation of a new block, the award will be proportionally distributed among all nodes and users of the network.