Amoveo (VEO) is a highly optimized and expanded POW Proof of Work blockchain driven by its community and aims to predict markets, investment and insurance contracts, and various derivatives such as stablecoins. VEO is an internal cryptocurrency for Amoveo prediction markets that can be used for trading, betting, and rewards. The target audience is derivative forecasters and users using Amoveo smart contracts.

Project Cognition

1. Amoveo was founded and developed full-time by Augur co-founder and AE's first CTO genius Zack
VEO founder Zack Hess has worked on Aeternity (AE) and Augur (REP) projects. He was a core developer of Augur, but left the project because he was different from his colleagues' perspective: "i was working with the Augur team before it was called Augur. I wrote their first minimum viable product in Python. I taught them Paul Sztorc's design."
2. Amoveo has become more famous than the "AE true body" design, and has already equipped the three project functions of "REP+MKR+DXDY".
Amoveo (VEO) is a highly scalable PoW (Proof of Work) blockchain driven by the community and aims to predict markets, investment and insurance contracts, and various derivatives such as stablecoins.
VEO projects are hailed as the "AE true body" by the market. VEO inherits the decentralized encryption P2P technology in AE and executes using state channels. This means the fee is low, almost instant, and can be used by users around the world.
However, we agree more with the view that VEO has surpassed the original design of AE. VEO has three project functions: "REP+MKR+DXDY":
Benchmarking with REP, VEO has oracle technology based on futarchy, which will always be customized and improved according to user needs and needs. The community also plays an indispensable role in VEO's governance, which can be reflected in the block size, miner rewards and other variables that can be modified using VEO's betting-based governance mechanism Futarchy. This way, VEO will always maintain the best adjustments to produce the best results.
What is commendable is that VEO has stepped forward with the limitation of one coin and one vote, and its philosophy is advanced. As Mr. Pan Pan, a small world capital, gave an example: "For example, there are 438 people in our group. Everyone says that they choose the group leader, choose one of two, one person, one vote, or one currency, one vote. This is the selection of most pos. Everyone votes after voting. The result is over. VEO's voting is that if everyone votes, the right person stays in the group, and the wrong person is kicked directly. If one coin, one vote, all the wrong person loses to the right person, and the home is born. But you can not vote, and nothing will happen to you if you don't vote." This may be VEO's biggest killer weapon.
Compared with MKR, VEO does not support Ethereum-like love Western Europe, but there are already various derivatives, including stablecoins.
Benchmarking DXDY, the project builds an open source agreement for decentralized margin trading and derivatives.

Project Advantages

Technically speaking, Amoveo (VEO) has made its mark, far surpassing "AE". Already have the main functions of the Ethereum project. Amoveo (VEO) is a highly scalable PoW (Proof of Work) blockchain, GPU mining, and the block release time is about 2 minutes. It is promoted by the community, with decentralized prediction functions, decentralized derivative trading functions, and stablecoins can also be issued.
VEO inherits the decentralized encryption P2P technology in AE. In terms of technology, its programmable state channel execution is a huge innovation, and its level is equivalent to Bitcoin's Lightning Network and Ethereum's Lightning Network, which means that the transfer fee is very low, almost instantly arrived, and can be used by users around the world.
VEO has oracle technology based on futarchy, which will always be customized and improved according to user needs and needs. It has powerful community governance functions and returns the rights of blockchain to users. The community plays an indispensable role in VEO's governance, which can be reflected in the block size, miner rewards and other variables that can be modified using VEO's betting-based governance mechanism Futarchy. This way, VEO will always maintain the best parameters to produce the best results.
VEO has stepped out of the limitation of one coin and one vote, and its philosophy is advanced. In VEO, there is an on-chain vote comparable to Polkadot's "parallel chain financing". "For general POS/DPOS projects such as EOS and LBTC, the result will be completed after everyone's vote. The VEO vote is that if everyone votes one by one, the right person stays in the group, and the wrong person is kicked directly. If one coin, one vote, all the wrong person loses to the right person and leave the house with nothing. But you can not vote, and nothing will happen to you if you don't vote." This may be the biggest feature of VEO. In the VEO world, there is a difference between right and wrong. Right actions will be rewarded clearly, while wrong actions will be greatly punished. That is, this is a real world of "code is law". This is very different from the concept of "everyone is for me, I am for everyone" advocated by the IOTA project.

Project Evaluation

1. VEO is a big white horse of mining coins, standing on the shoulders of giants.
Founder Zack is the co-founder of REP and the first CTO of AE. It can be said that VEO has been standing on the shoulders of AE since its birth. When Zack rebuilt VEO, he absorbed various advantages of AE and optimized its shortcomings. VEO also combines the REP of the forecast market and includes the function of MKR stablecoin.
2. VEO's founder is a technical genius, of course it's uncomfortable not to read the code.
It can be said that this is another huge advantage of VEO. Open Zack’s github page and we can see that although its project was launched on the main website in March last year. But they were still updating a few days ago, and this diligent editor was ashamed of himself: Of course, when it comes to geniuses, we have to mention Zack's "stubborn" personality, and operation and promotion require more spontaneous promotion of the community.
3. The VEO overseas community is quite mature. Today, when mining coins are so popular, VEO is like a dusty bead.
VEO overseas community itself is very mature, and many big names in the Chinese community are optimistic about it and have begun to promote it spontaneously. The project has been launched on the high-quality original coin trading platform Qtrade, and has recently received recommendations from Hitbtc. With the growth of the Chinese community and the gradual launch of the Chinese exchange, VEO with strong technical strength will soon shine like a pearl covered in dust.

Related links:
http://www.niubiquan.com/article/167
https://www.jinse.com/blockchain/491190.html

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