TECHNICAL SPECIFICATIONS
During our technological exploration and feasibility phase, we considered and tested a host of the latest generation blockchain and distributed ledger technologies such as Hyperledger variations Fabric, Sawtooth, and Burrow. Additionally, we researched JPMorgan Quorum as a possibility. Since the Fluzcoin protocol isn’t merely facilitating simple cryptocurrency transactions, such as the Bitcoin blockchain does, we needed a blockchain infrastructure that supported more complex smart contract scripting. Furthermore, due to the need for higher throughput and our focus on user privacy, it was decided that a permissioned blockchain was required for Fluzcoin.
Eventually, JPMorgan Quorum forked from Ethereum was chosen as the inaugural blockchain protocol due to its customization, high throughput, and permissioned protocols which ensures user privacy. We are well aware of the likelihood of Ethereum’s shift from PoW to PoS via Casper. Considering that Quorum “is designed to develop and evolve alongside Ethereum,” Quorum is capable of swiftly aligning to Ethereum’s evolutionary path.
Fluzcoin will also provide its own wallet to store, sell, buy, and pay with Fluzcoin at retail POS through practical QR code scanning. Corporate Fluzcoin wallets will provide merchants with the necessary accounting input to reconcile Fluzcoin payments.
Only Trusted Parties Validate Transactions
Quorum has consensus voting rules that mitigate the risk of an attack. Via the QuorumChain Consensus implementation, only nodes in the maker role are allowed to create a block. In terms of voting protocol, nodal subsets are allowed to “vote on blocks.” Additionally, the fact that permissioned blockchains only allow trusted parties to add new head-blocks ensures that all participants validating the ledger are non-malevolent entities. Note also that merchants running a node would be the first to see any discrepancies.
Zero-fee transactions for consumers
Merchants will be the node operators, and these are the only nodes that will be allowed to add new head-blocks to the blockchain file (so-called “maker status” in Quorum). Their authorization will not only be managed centrally by the EUNOMIA Foundation but will also be subject to voting and propagation through the decentralized network to avoid a single point of failure from a central interface. Merchants will bear negligible costs for electricity as there is no need for the wasteful PoW consensus.
Privacy for consumers
Quorum is one of the few blockchains that has adopted the Zcash algorithm, which hashes transactions with Zk-SNARKs and provides an additional layer of security and privacy. For transactions that require an even higher level of privacy, the Quorum blockchain protocol has a “private flag” option, which will only disclose the transaction data to specific trusted nodes, who will, in turn, run the code through EVM and update the state of the data layer.
Independence for merchants
Merchants will not need to rely on a third party for transaction processing and ledger storage. 13 Instead, merchants will play a pivotal role in transaction validation, and will maintain their own fully synced ledger containing all transaction records.
TOKEN ECONOMICS
Key participation thesis for short-term and long term mind with different risk/return appetite:
Gain from ERC 20 Fluzcoin Token trading with strong price increase potential as organic demand pressure for underlying Fluzcoin builds up. Buy early to unlock maximum return potential.Secure value of your holdings, especially in bear markets, through conversion into stable Fluzcoins for retail payment of goods and services.Enjoy appreciation through novel coin staking rewards! Your total value grows as coin price remains stable.
Website : https://fluzcoin.io/
Facebook : https://www.facebook.com/fluzcoin/
Telegram Group : https://t.me/joinchat/FaUXnVJkE62Onj6NcXuiPw
Telegram Announcements : https://t.me/joinchat/AAAAAEwZbhk2suqJjoXs6g
Twitter : https://twitter.com/fluzcoin
Medium : https://medium.com/@fluzcoin
Youtube Channel : https://www.youtube.com/channel/UCdK-HoZdmvmC-9bS5TeJT0g
Whitepaper : https://fluzcoin.io/docs/Fluzcoin_Coin_Sale_Whitepaper.pdf
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=2253955;sa=summary
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