ECO IFSA


True-eco cryptocurrency, smart blockchain
and cryptoservices For the truthful world



ECO ifsa



ABOUT US



Founded in 2022, Eco IFSA is building a smart blockchain and smart transaction platform for a global, Web 3.0-driven, decentralized network, which is less power consumable, and does not have any disadvantages of the platforms, which are based on the Proof of Works (PoW), Proof of Stack (PoS) and Proof of History (PoH) consensus algorithms. It is based on the novel, so-called Proof of Measurement (PoM) consensus algorithm.


The company is also developing a new true-eco cryptocurrency eco-IFSA and low-cost, low-power and small-size equipment for its mining. The blockchain will be used for the global tokenization (NFT) of several promised areas connected with intellectual properties rights protection.



FEATURES OF HARDWARE FOR ECO-IFSA MINING:



APPROACH



In May 2021 Elon Musk has written: 'We are also looking at other cryptocurrencies that use < 1 % of Bitcoin's energy/transaction'. The answer to Elon Musk's challenge is our new and innovative true-'eco' cryptocurrency - eco-FSA, which needs less than 0.004 % of Bitcoin's energy/transaction.


The network will be based on the unique, novel consensus algorithm Proof of Measurement (PoM). It lets an efficient, new, and ecological way of mining based on accurate measurements instead of power consumed processing (guessing).


This approach allows the creation of low-cost, low-power consumed, and small-sized equipment for crypto mining. It can be directly connected to any computer via the USB interface. Due to this, the eco-IFSA mining will become available for everyone, and the entry threshold into the crypto network will be decreased to a few US $.



TECHNOLOGY



The Proof of Measurement (PoM) consensus algorithm is used to confirm transactions and produce new blocks to the chain and working in the following way. During one measuring cycle, all network participants (nodes) simultaneously measure a certain, similar parameter of signal with high accuracy, for example, with +/-0.001 % relative error. The one, whose measurement result coincides with the emitter's reference measurement result receives a reward, add a block to a blockchain, and becomes the emitter of the reference measurement for the next measurement cycle. In case of coincidence of several measurement results with the emitter's measurement, the reward is received by the one, who provided the result earlier, or it is selected randomly.


To be protected against interception of the measurement result (the problem of 51%), the emitter modifies insignificant digits of the measurement result with a random sequence of digits. Thus, the constancy of the correct measurement from the same node (or a set of nodes operating in the same environmental conditions) is eliminated.




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MAIN TEAM MEMBERS



Sergey Y. Yurish



CEO



Eco IFSA co-founder. He has PhD degree and 35 years experience in precise measurements, form which over 20 years of background experience in business as a co-founder and CEO of several companies, operating globally. In Eco IFSA Sergey is making major corporate decisions, planning the business strategy and managing the overall operations and resources of the company.



Tatyana Zakharchenko



CFO



Eco IFSA co-founder. Managing the accounting actions of Eco IFSA including tracking cash flow. Tatyana has M. Sc. degree and experience in accounting software development and support in various companies. She has 15 years business experience, including 8 years as CFO, co-founder and director of IFSA Publishing., S. L.



Aleksandr Soholovskyi



CTO



M. Sc. Degree in Applied Mathematics and Software Engineering. Aleksandr has experience in software development, network administration and business experience as a co-owner of appropriate company. He has the overall responsibility for the network development.



Vladimir Smikhyn



Senior Financist and Analyst



M. Sc. Degree in Finances. His responsibility is the economic analysis, financial planning as well as analyzing the company's financial strengths and weaknesses and proposing corrective actions.





Eco IFSA



c/ Esteve Terradas, 1, UPC-RDIT, Office 014

08860 Castelldefels, Barcelona, Spain

Tel.: +34 638 32 12 18


INFO@ECO-IFSA.NET

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