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WHITE PAPER
Part. 1-The beginning of virtualcurrency-
Part. 2-Block chain is-
Part. 3-What Evercoin-
Part. 4-Evercoin Vision-
Ver. 2. 0
“Alternative currency for everyone”
Page 01
-The beginning of virtual currencies-
Bitcoin is an online virtual currency (digital currency) that has no physical form, unlike a banknote or coin. It
was invented by an unidentified computer programmer disguised as Satomi Nakamoto in 2008 when the US
financial crisis was on the rise. In particular, 2009 was the year when the Fed began massive quantitative
easing to supply the market with a huge amount of dollars. As the dollar depreciated, Bitcoin began to attract
attention as an alternative currency. Bitcoin is a method in which buyers and sellers pay directly by eliminating
a third party such as a credit card company, so transaction costs rarely occur. Also, anyone can easily create
an account.
Therefore, Bitcoin can be very useful for transactions such as overseas remittances or micropayments.
Foreign remittances through banks are inefficient because they are time consuming and costly. In addition,
70% of the world's people do not have bankbooks, so there are many people who have restrictions on their
use. It is often the case that a small amount of payment is burdensome for the seller because of the bank
account transfer and the charge structure of the credit card. Bitcoin can provide value in these transactions
that the traditional means of payment do not. Users can send and receive Bitcoins as if transferring money
through internet banking through 'Wallet' program downloaded from the Internet. You can buy or cash a Bit-
coin at an internet exchange site. Bitcoin has already been used in cash in Europe, North America and
China, and in Korea, transactions have been steadily increasing through Bitcoin Exchange.
The average monthly transaction amount based on the top 3 domestic coin exchanges BITSUM, COBIT and
COIN was KRW 47 billion, but the daily transaction amount reached more than KRW 8 billion only in domestic
market Bitsum September 2017.
As of early October 2017, 1-Bitcoin in Korea is trading at around 4.6 million won.
The issuance of money and histories of users' transactions are monitored and disclosed to the whole network,
and transaction records are also approved on the whole network.
A set of all new records is called a block, and the entitlement to create it is given to the miner who has
solved math problem. In other words, obtaining a Bitcoin through mining can be called a cost of forming a
block by combining new transaction records.
When blocks are chained, they are all transaction records so far, called a block chain. Block chains are also
called public ledgers.
Page 02
Can you believe that if you can send money directly to anyone in the world without using a bank? Probably,
you can save the commission for exchange and remittance.
What if there is a cloud storage that does not require a server?
No base to be attacked from hackers, so you can keep your data more secure.
What about an Internet address system that does not require an administrator? It will not be necessary to
fight due to the internet address. The three cases mentioned above are not imaginary. All are already
implemented technically. The key technology enabling all these is the block chain.
A block chain is a chain of transactions that considers transaction information as a single block and links it
sequentially. This book is open to everyone, unlike a book kept only by traders in reality. At first glance,
it is dangerous because the contents of individual transactions are exposed to all. However, on the contrary,
it is much safer and more convenient.
Let's start with convenience first. The block chain does not need a 'third party' accredited by a government
such as banks when trading. Individuals can trade directly without using a bank. This is called Peer to Peer
(P2P). P2P is not a strange way. Maybe a lot of people have experienced it for years. Music download sites
such as 'SORIBADA', video downloads sites, and torrents all use P2P networks.
These sites provide us with convenience, but every time we use it, there is a bit of frustration. "Where is the
file I’m downloading now coming from? Is it trustworthy?”
It is probably because you cannot trust the unknown person connected to you.
Here safety issues arise. We shop online and send money without any doubt to the stranger whom we do not
even know, because the bank guarantees the transfer and transaction history of our money. If there is no bank,
something else has to prove that the transaction history is not forged. The block chain is the alternative for
the bank's guarantee function using an open unique algorithm. It is a way to distribute the function of agree-
ment to network participants.
Recently, with the participation of enthusiastic supporters of block chain technology and increased enthusiasm
for investment, the rapidly growing cryptocurrency market with a market capitalization of 100 trillion won has been
rapidly emerging as a new wealth creation market.
Unlike in the past, it is a phenomenon that has not been seen before as it has begun to change the world's
wealth in the sense that it is a market formed mainly by individuals rather than corporations.
<Features of the block chain>Transparency : Anyone can track remittance
records transferred to another account.
Immutability : Once a transaction is approved,
it cannot be canceled and no one can interfere
in the transaction.
Low Fee : There are very few transaction fees.
Without a border : As in the immediate area,
you can easily send funds to any country in the world.
Fast speed : With the smooth and transparent nature
of the block chain, remittances can be checked almost instantly within minutes.
-What Evercoin?-
With the information revolution and the development of IT technology based on the world wide, the concept
of virtual money has emerged. This is causing a tremendous change in the flow of existing currencies.
Can you imagine how many virtual currencies exist on earth?
There are about 1000 kinds of virtual currencies around us, while we do not even know most of their
existences. Generally, virtual currencies are called by various names such as e-money, electronic currency
or cyber money, but all are included in the same concept. They are all created and used for the similar
purposes. The development of IT technology is making a great contribution to widening the range of money
and certificates electronically exchanged.
And it is Bitcoin that draws a stroke even in this virtual money.
Since then, many developers have been influenced by Bitcoin, and have become involved in coin making.
Various virtual currencies such as Etherium, Doi Ticor, Black Coin, and Light Coin are beginning to emerge.
The word collectively called these currencies are called Altcoin. It is called the Altcoin by abbreviating the
alternative coin as the word referring to the virtual currencies excluding Bitcoin. One of the most popular
among the various Altcoins is Light Coin.
LITECOIN
October 2011
Worldwide
Encrypted, virtual currency
LTC,t
POW (Proof-of-Work)
84,000,000 LTC
Division Contents
Light coin is a cryptocurrency released by Charlie Lee,
Google's former software engineer and director of Coin-
base on October 7, 2011. The unofficial abbreviation used
among cryptographic investors in Korea is "RAKO”
It is a derived currency of Bitcoin, and although it uses
the same algorithm as Bitcoin technically, there are some
big differences to differentiate it from Bitcoin.
We can easily find Charlie Lee representing Light coin on
various medias . It is contrasting to Bitcoin made by un-
known developer.
Page 03
Coin name
Introduction day
Country of use
Classification
Symbol, unit
Issuing method
Maximum volume
-The differences between Evercoin and Bitcoin
-EVC Technicak Info.-
Coin name
Unit
Server Payment Compensation
Encryption type
Difficulty of Algorithm
Time difference between blocks
Block compensation
Block half-life
Total coins
Publication period
EVERCOIN
EVC
POW (Proof of Work)
scrypt
Kimoto Grvity Well
50
100 coins per 1 Block
73,500 Block
210,000,000
~2040
Division Contents
Evercoin has a coin called Evc which is used in the network as Light coin series among many coin lines and
is an alternative coin that will act as a medium to enable efficient exchange between various virtual assets.
Evercoin was developed with Light Coin in mind, but almost all of the technical aspects are the same as Bit
coin. However, it aims at better virtual currency by securing the disadvantage of Bit coin, and the big differ-
ences from Bit coin are as follows :
1. Difference in block processing time
The Bitcoin block is updated every 10 minutes, but the Evercoin block is updated every 2.5 minutes (1/4 of
the Bitcoin’s. The Evercoin network can identify the block at a faster rate than the Bitcoin network and
demonstrate more potential.
2. Difference in cryptographic algorithms
Bitcoin is based on SHA-256, but Lite coin uses a cryptographic algorithm called Scrypt.
For a while, Scrypt has not been implemented efficiently using ASICs and FPGAs, so its graphic cards last
longer than SHA-256 of Bitcoin. By the end of 2014, ASIC diggers for Light coin began to be released, and
its efficiency continues to develop, and now Light Coin ASIC diggers have begun to dominate the market.
Evercoin, like Light Coin, its mining efficiency will soon be improved.
Page 04
-Expertise of Evercoin
3. Difference in amount of issue
Evercoin will eventually make 210 million Evercoins. It is possible to produce exactly 10 times more currencies
than that of Bitcoin (21 millions).
The Evercoin Executive Management Team is a unique combination of many specializations to successfully
design, develop and implement EVC solutions.
[Technology system]
EVC's technical staff consists of team members trained in all aspects of information technology, including
operating system services, business application software development and data center operations, maintenance
and security. EVC partner's software applications are based on the same n-tier architecture as the world-
famous programs. This allows the best response within the technical team to respond to changing business
requirements
[Cryptocurrency]
The EVC technical team is closely involved in the development of several encrypted currencies and has been
devoted to the phenomenon cryptocurrencies at the technology and business level for many years. The EVC
technical team provides a configuration that allows anyone to manage their own encrypted currency without
having prior knowledge of encrypted block chain.
[Securing security]
Vulnerabilities exist in all types of institutions, including current exchanges, investment banks, and small scale
transaction data. Even in the most secure world of encrypted money, this security concern is significant.
Therefore, the Evercoin Exchange focuses on blocking international hackers' entry into the market by com-
municating with many industry experts for security.
[Transaction Tracking System]
The anonymity of virtual money can be exploited more in various fields such as Money laundering and drug
trafficking etc.
<Transaction Tracking System>
Page 05
Stability Anonymity Volatility
Block Chain -Exchange
-Wallet
-Exchange information
-Payment reserve ratio
-Volatility control
-Many users
-Value as a third generation currency
Build various infrastructures of encrypted currency
Provides service manuals through various business exchanges based on block chain technology
Establish global exchange through network strategy
Will be listed on the world famous exchange market with continuous value increase
Increased value of coin brand through active community activities
Increased use of Evercoin by developing various contents
Growth into third generation currency
Through Bitcoin encrypted currency, we have already proven that Bitcoin also has the property of a security
asset that is already prevalent in the real economy.
Encrypted money, like security assets, cannot be counterfeited, tampered, has a limited amount of currency
that no security assets have, and its transaction histories are transparently disclosed.
We will prove the value of Evercoin as the third generation currency and make it possible for anyone to trade
in the currency they want.
-Evercoin Vision-
Increase coin transaction on exchange
Valuation of Evercoins
Investable virtual currency
Rising value of Evercoin
Increase in the amount of
mined
Coin distribution network affiliation
and sales
Page 06
Proof of possibilitiesas safe assets
-No forgery, no tampering-Limited total currency
-Disclosure of transaction histories
Complement of volatility
Flexibility of anonymity
Securing safety
Enhanced Security
Securing the possibility as
a third-generation currency
-Business promotion strategy for Evercoin
[Strengthening Token Systems]
Evercoin block chain token systems has an application that allows the trading system to be implemented on
the network. The trading system has dollar / gold interlocked sub-currencies, stocks, smart assets (assets
controlled on Bitcoin block chain) coupons and a token system not normally associated with a traditional
monetary value etc.
[Strategies for securing potential base users through demonstration projects]
From the project period, we can expect the effect of securing potential customers (potential EVC community
participating customers) by conducting various community currency development through many demonstration
projects that are continuously carried out by sector.
[Global business infrastructure and synergy strategy]
In addition to being listed on the coin market in the global exchange network business, the global interna-
tional remittance business, the international block chain application technology business, and various merger
partnership businesses, it can be used as a key currency to secure large-scale actual demand through the
already secured global business infrastructure.
[Platform-based EVC ecosystem strategy]
The EVC Block Chain Platform will expand the opportunities for more people to participate in the EVC com-
munity by aggressively securing extra budgets for expanding ecosystems and finding and developing start ups.
Page 07
Flow chart for Evercoin Creation and Use
Create wallet on homepage
Mining of Evercoin
Exchange at exchange Save in wallet
Use like cash
Used for transactions
-Create Evercoin Personal Wallet
Currently there are many ways to make wallets for Bitcoin and other virtual money.
You can also use dozens of Bitcoin wallet generator websites, and there are countless Bitcoin wallet appli-
cations coming up when you search for Bitcoin wallet in the Google Play Store or App store.
However, these wallets are basically difficult for beginners to use. Once you create a wallet, you will be given
a public key, a secret key, and a QR code, and if you leave the browser without recording this information,
you will never be able to retrieve the information in the wallet.
In fact, most Bitcoin generation services are not ‘officially' run '. Most developers are uploading their own
Bitcoin wallet-generating websites or apps, so there is no customer service.
Therefore, it is absolutely the user's responsibility to lose information in the wallet.
On the other hand, 'Evercoin PC Personal Wallet' is aimed at 'easy wallet', which is easy to use without any
burden even if beginners forget the information on the web.
The wallet for Evercoin PC can be downloaded from besco.io site. It is the most important feature that you
can install it on your PC and store it on your PC or personal hardware without storing it on the exchange.
The wallet for Evercoin PC will be suitable for users who want to use
comfortable and simple services, users who want to send / receive
Evercoins without accessing the Trading Exchange site, and users who
want to keep their coin more secure and maximum assurance of anonymity.
When a coin is stored in a block chain or other exchange, the drawbacks
are : 1.The user must take responsibility for recording and managing
various information. 2.Once a password is lost, it is difficult to recover.
It is a personal wallet for Evercoin PC that was developed to make up for those shortcomings mentioned
above.
<에버코인 개인지갑 실행화면>
(EVC-WALLET)
1. Store and securely manage the Evercoin in your personal wallet
without storing it on the Exchange site.
2. Prevent loss of coin due to hacking of exchange site and web
server by storing in personal PC or personal store.
3. EVC transactions (coin send / receive) between individuals can
be conducted through the wallet without going through the exchange,
so transactions are not left on the exchange.
4. It is easier to operate than the exchanges, making it easier for
novice users to operate and manage.
Page 08
Page 09
Apply various payment systems
Various examples of the use of virtual money
Use like cash
Make payments
at the EVC merchant
like cash or convert
to cash at the exchange
Use as a payment
method when purchasing
products from EVC
affiliate shopping mall
Use as domestic and
overseas financial
investment and fund
creation investment
Use as game money
when using online
game & purchasing
game items.
Use bitcoin and other
virtual currency-related
information community
publishing
On/offline shopping Global Investment Game money Apply to media
[Virtual currency gale] Why did Japan accept virtual money as a means of payment?...Chosun Biz 2017.9
Some countries are taking steps to approve virtual currency. Typical examples are Germany and Japan.
Germany already recognized Bitcoin as a payment instrument in 2015, and the Japanese government also
recognized Bitcoin as an actual payment method last month. Some Japanese airlines have also allowed
to purchase airline tickets. Japan acknowledged Bit coin as a means of payment, which is analyzed as
a measure to boost economic vitality by using Bitcoin as a complementary material by enhancing the
convenience of foreign investors who are burdened with cash-based transactions. Professor Inho Korea
University said, "In Japan, where cash is preferred, it seems to be presented as a solution to the problem
that foreign tourists have to exchange all transactions with the yen which may be burdensome and may
shrink the deal."
View original article: http://biz.chosun.com/site/data/html_dir/2017/05/29/2017052902352.html?related_all
How is the virtual currency Bitcoin and its core technology, the block chain, used globally?
..... Newstown Economy 2016.12
In February 2016, the US Securities and Exchange Commission approved the online retailer Overstock’s
plan to use block-chain technology to issue securities without going through a stock exchange.
In the UK's Royal Mint announced that it would trade gold with a "block chain" based system. Looking at
the situation of the three countries in Korea, China, and Japan, three large banks in Japan, Mizuho Bank,
Mitsubishi UFJ Financial Bank and Mitsui Sumitomo Bank conducted a remittance test using virtual currency
technology. During the past quarter, China's three largest coin exchange trades accounted for 98% of
global trading volume.
View original article: http://www.newstown.co.kr/news/articleView.html?idxno=270336
Token Allocation Use of Proceeds
Token Sale
Reserve
Team, Advisors & Early contributors
Community group & Strategy Partners
Foundation
50%25%
30%
15%
15%
15%
15%
10%
10%
15%
Tech Company
Reserve
Marketing Expense
Biz Development
Strategy Partners
-Marketing Plan for Evercoin
-[Certified Direct Selling Strategy]
[Viral Marketing]
The most effective form of advertising is mouth-to-mouth. Among the various marketing advertising methods,
the most diffusive way is to communicate through people. Evercoin is building an EVC marketing system that
connects people with people. EVC's rewards include a viral marketing process designed to provide incentives
and buyers for financial traders, referring new buyers of coins. Buyer can earn commission and shopping
rewards points for all transactions in any EVC transaction, either individually or by anyone.
Buyers can share their EVC with their friends, acquaintances and family members and receive free commissions
and reward points.
[Certified Direct Selling Strategy]
The EVC business team and Evercoin partners are creating training and sales force to build buyer networks
around the world. Qualified direct sales representatives implement sales activities to build a network of large
unlimited buyers. It will earn a percentage of the marketing costs from all purchases. Beginning with major
cities in the country, including the development of sales force, it will be developed with the aim of entering
international markets worldwide.
Become a worldwide coin brand and enter the major exchanges to be listed.
Page 10
-Conclusion
-REFERENCE
Page 11
So far, we have explained the central value of the EVERCOIN project, and to this end, three major categories
of platforms are under development.
The first is the EVER-COIN (EVC) platform. The coin platform will serve as a kind of incubator that will generate
a lot of value and various usage system around the encrypted currency called EVC.
It will have more functions as a currency beyond the limitation of the use of the existing coins.
Second, the EVC Block chain platform will be developed as a system capable of creating a block-chain net
work that will be used by many enterprises and organizations. Rather than constructing a Bitcoin network with
increasing difficulty, it is on the process of implementing DBMS(Data Base Management System) that developers
with little development experience can use block-chain technology as an open-source platform.
Third, we will open the block chain network exchange for the successful settlement as an encrypted currency
in the future and the protection of customers' assets, so that we will configure the platform where anyone can
freely use the exchange and be recognized as a true safe asset.
In order to develop such a platform, we have extra budget and TF TEAM as a very important factor in building
projects and platform-based systems with experts in various fields.
Evercoin will take the lead in promoting block-chain technology and popularizing encrypted money, eliminating
unnecessary structures and inconvenient online trading systems, and spread explosively to the public.
The new craze will be our Evercoin and it will be established as a priceless digital currency on all online
occasions.
[1] https://en.wikipedia.org/wiki/Bitcoin
[2] https://en.wikipedia.org/wiki/Litecoin
[3] https://www.coindesk.com/intel-sawtooth-lake-distributed-ledger-proposal/
[4] https://bitcoin.org/ko/resources
[5] https://bitcoin.org/en/how-it-works
[6] https://en.wikipedia.org/wiki/Public-key_cryptography
[7] https://steemit.com/kr/@maa/3yjimv
[8] https://litecoin.com/#guide
[9] https://assets.korbit.co.kr/docs/Korbit-White_Paper-Block_Chain_Primer-1.pdf