Era Swap Token is a decentralized utility token that allows token holders for P2P exchange using smart contracts within Era Swap decentralized economy. Era Swap Token is an indigenous token of Era Swap Blockchain Network proof of stake consensus protocol, designed to optimize usage in Era Swap Ecosystem & reinforces decentralized Era Swap Network for long term validity.
Era Swap Ecosystem is a decentralized ecosystem made on Web 3.0 that eradicate the need to involve a mutually acceptable third party for peer to peer exchanges using feasible Era Swap Blockchain Network(ESN).
1 Daap is a multi-purpose app is one that has everything the user needs to access Era swap Ecosystem. Users can access multiple Products and services through 1 DAAP & Era Swap Life
The users can login Era Swap Ecosystem with Decentralized wallet by Era Swap life and access to multiple Products and services with just one click.
Era Swap Ecosystem is powered on Blockchain; it provides a trusted platform where data is encrypted using Smart Contracts. So intermediaries are eliminated from the equation and Giant Corporations will no longer be in control of Users Data
Era Swap Ecosystem uses Smart Contract driven rewards to incentivize users in many ways through unique and decentralized platforms such as; Swappers Wall, Day Swappers, and TimeAlly
Era Swap Network is a decentralized blockchain network that allows multiple cloud computing users to enter a loosely coupled P2P smart contract to mine Era Swap Tokens.
The purpose of establishing ESN is to achieve scalability, speed and low-cost transactions for Era Swap Ecosystem (which is currently not feasible on Ethereum mainnet), hence on an alternative chain, without compromising on trustless security for users. ESN will leverage the Decentralized security of Ethereum and the Scalability will be achieved through side-chain. ESN as per ESN Testnet can give 500 transactions in every 5 seconds at 98% lower costs as compared with Ethereum Blockchain.