Amoveo is a blockchain-based cryptocurrency project that aims to provide a decentralized prediction market platform. It was created by Zack Hess in 2018. The network runs on a proof-of-work consensus mechanism similar to Bitcoin, utilizing the Equihash mining algorithm.
One of the unique features of Amoveo is its focus on decentralized prediction markets, where users can create and participate in bets on various events. This allows users to speculate and place wagers on the outcomes of events like elections, sports matches, and more. The decentralized nature of the platform ensures fair and transparent prediction market operations.
Amoveo also supports smart contracts, allowing users to create and execute self-enforcing agreements without the need for intermediaries. These contracts are written in the domain-specific language called VEOscript, specifically designed for Amoveo.
The native cryptocurrency of Amoveo is called VEO, which is used for various purposes within the network such as paying for transaction fees, participating in prediction markets, and interacting with smart contracts.
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