Eurakos Next: A Cryptocurrency Based on Smart Contracts

Abstract

With the popularization of online games and social networks, the virtual currencies have acquired a boom growing as solution of alternative payment and best adapted to the particular needs of the exchange of goods or virtual services offering faster, more secure and low cost transactions of value. This work proposes a case study to create the Eurakos Next cryptocurrency based on a virtual currency named Eurakos which currently works using digital contracts. The idea is to allow agreements to be signed by two peers and validated by other peers in a mobile social community network using Smart Contracts through the Ethereum framework to take advantage of the Blockchain technology.