THE EPICENTER ECOSYSTEM.

Composable components for decentralized finance

The Epicenter ecosystem provides the solid monetary platform that decentralized finance requires. Within this framework, anyone, anywhere, can create secure, scalable, globally accessible financial services in minutes. Epicenter dramatically lowers the barriers to entry, for both producers and consumers of such apps.

“Composability” is a relatively recent buzzword that is taking center stage, and for good reason. When components are modular and reusable, free of the friction of sign-up processes and the need to maintain an ongoing connection between parties, innovators are able to experiment in novel ways to solve client needs at low risk.

There are 1.7 billion people around the world who have smartphones and yet lack access to basic financial services. All of these individuals can benefit immediately from the DeFi apps that are able to make use of the Epicenter ecosystem.

Security, scalability and decentralization — it is no longer necessary to settle for only two. By weaving the strengths of multiple independent blockchains together into one robust fabric, the Epicenter triumvirate of EPIC/ECR/EUSD confidential, composable, interoperable digital assets is moving the world’s financial interactions on chain without compromising on custody, centralization, censorship, permissionlessness or trustlessness.

How the components interact

The bedrock of the Epicenter system is the Epic Cash coin, launched as a digital store-of-value in 2019 under the ticker symbol, EPIC.

To make use of EPIC’s digital store of value in making real world transactions, the Epicenter protocol specifies a paired “stablecoin” token, called EUSD.

To ensure that the EUSD maintains its soft peg to the US dollar, the Epicenter protocol further specifies a third token – the “governance token” for the system – to trade under the ticker, ECR. Similar to EUSD, ECR trades on the public Ethereum blockchain.

EPIC / ECR / EUSD

Unstoppable Money

Censorship Resistance

Censorship resistance means in this context that no one can interfere with your access to the network. The network itself cannot be shut down, as it relies on true distributed consensus, meaning that as long as one copy of the software exists somewhere, the network will instantly spring back to life after a disruption.

Confidentiality

What does confidentiality have to do with censorship resistance? In BTC for example, the network can accept a transaction as valid, yet the individual coins themselves may be designed as illicit/tainted and therefore be blocked / blacklisted by a counterparty or intermediaries.

An additional off-chain social consensus layer is required to maintain the notion of which coins are clean and which are dirty. The EPIC Blockchain protocol encrypts all transactions such that it is impossible to discriminate against particular coins – all are identical.

Permissionlessness

If people require permission to use a network, then if that permission is not forthcoming, it is an effective vector of censorship. EPIC is designed for direct operation by individuals using only free open-source software. Terms of service agreements cannot be used to restrict network access.