An unprecedented level of security is possible with Eplus Coin. The network provides users with protection against most prevalent frauds like chargebacks or unwanted charges, and Eplus Coins are impossible to counterfeit. Eplus Coin uses bank level user data encryption, dynamic 2FA, and multi-stage control to ensure the safety of trading.
Eplus Coin can be used to run Kickstarter-like crowdfunding campaigns, in which individuals pledge money to a project that is taken from them only if enough pledges are received to meet the target. Such assurance contracts are processed by the Eplus Coin protocol, which prevents a transaction from taking place until all conditions have been met.
Eplus Coin can be used to develop innovative dispute mediation services using multiple signatures. Such services could make it possible for a third party to approve or reject a transaction in case of disagreement between the other parties without having control on their money. Since these services would be compatible with any user and merchant using Eplus Coin, this would likely lead to free competition and higher quality standards.
Eplus Coin offers solutions to many of the trust problems that plague banks. With selective accounting transparency, digital contracts, and irreversible transactions, Eplus Coin can be used as a ground to restore trust and agreement. Crooked banks cannot cheat the system to make profit at the expense of other banks or the public. A future in which major banks would support Eplus Coin could help to reinstate integrity and trust in financial institutions.
The Eplus Coin development team will do their best to guarantee an open and transparent system. The release of Eplus Coin will be announced in advance. All transaction records are transparent but personal information will remain anonymous. Eplus Coin is based on an open-source code and anyone can check the source code to prevent any worries about fraud.
Eplus Coin has been a particularly efficient solution for tipping and donations in several cases. Sending payment only requires one click and receiving donations can be as simple as displaying a QR code. Donations can be visible to the public to give increased transparency for non-profit organizations. In cases of emergencies such as natural disasters, Eplus Coin donations can contribute to a faster international response.
Multiple signatures allow a transaction to be accepted by the network only if a certain number of a defined group of persons agree to sign the transaction. This could be used by a board of directors to prevent any member to spend parts of their treasury without other members' consent. This can also be used by banks to prevent theft by blocking payments above a threshold if the user does not provide additional credentials.
Because of high decentralization, Eplus Coin created a different form of payment network with an increased level of resilience and redundancy. Eplus Coin can handle millions of dollars in trades without requiring military protection. With no central point of failure such as a data center, attacking the network is a more difficult task. Eplus Coin could represent an interesting step forward in securing local and global financial systems.
Automated services usually have to deal with costs and limitations of cash or credit card payments. This includes all kinds of vending machines, from bus ticket booths to coffee machines. Eplus Coin is suited to be used in a new generation of automated services as well as to cut operating costs. Imagine self-driving taxis, or a store where your basket lets you pay your purchases without waiting at the queue. Many ideas are possible.
Eplus Coin uses a certified POS mechanism to maintain network security, unlike Bitcoin which requires methods that have huge power consumptions.
Eplus Coin is available in Chinese and English as of the moment. More languages shall be added soon.
To ensure safety, we utilize e-wallet multilayer encryption, physical storage in bank safes, and our funds are under third-party custodians.