Over the past five months, Camp has been sketching out plans for a brand new cryptocurrency that aims to fix technical and other challenges plaguing existing projects, such as Bitcoin and Ethereum. His hope, he told Fortune, is to resuscitate virtual currency’s original promise: an instant, affordable, and borderless means of payment for the masses.
Camp has christened his rival project “Eco,” a name he settled on because it is short, easy to pronounce in many languages, and evokes concepts like “ecosystem,” “economics,” and “ecommerce.”
In fact, Camp is giving away free money to prime the pump. Out of a total of 1 trillion tokens to be generated over several years, the project plans to disseminate half the supply to the first 1 billion users.
(Source: Fortune), Image taken from: Icolink