ebakus: A Blockchain for dApps Offering Zero Fees and Superior User Experience

What is ebakus

Friends, imagine when we play games or watch videos on our phones, we just tap and use them—no need to worry about complex network fees or downloading a bunch of plugins. ebakus (abbreviated as EBK) is a blockchain project aiming to make decentralized applications (dApps) as simple and user-friendly as the apps we use every day, so more people can easily access and use blockchain technology.

You can think of ebakus as a “super user-friendly blockchain highway”. On this highway, developers can build all kinds of decentralized applications, while regular users barely notice they’re using blockchain when interacting with these apps. The core problem it wants to solve is that many blockchain applications are currently too complicated to use—for example, you need to pay transaction fees (Gas Fee), have a dedicated digital wallet, and the speed isn’t fast enough.

ebakus hopes to make using dApps as natural as surfing the internet—no need to own cryptocurrency, or even install a wallet, just use them directly.

Project Vision and Value Proposition

The vision of ebakus is “making decentralized applications within reach”. It believes that while blockchain technology is cool, the barrier for ordinary people is too high—like a great sports car that only professional drivers can handle. What ebakus wants to do is turn that sports car into a regular family sedan, so everyone can drive it easily.

The core problems it aims to solve include:

• High latency and low throughput: Many blockchain networks process transactions slowly, like network congestion, affecting user experience.
• Transaction fees: Users have to pay fees for every operation, which is a barrier for those unfamiliar with cryptocurrency.
• Poor user experience: Requiring wallet installation, private key management, and other complex operations.

ebakus lowers the threshold for dApp usage by providing a blockchain platform with “zero transaction fees” (for users) and “high speed”, making it easier for developers to attract and retain users.

Technical Features

ebakus has some technical highlights, like its “engine” and “operating system”:

• Consensus Mechanism: DPOS (Delegated Proof of Stake)

  Imagine a community where not everyone votes on every issue, but instead elects representatives (like a council) to manage things. DPOS is such a mechanism, allowing token holders to vote for “validators” who maintain network security and process transactions. This is more efficient than traditional “mining,” enabling faster transactions and lower latency.

• Zero Transaction Fees (for users)

  This is a major feature of ebakus. Regular users don’t need to pay any transaction fees when using dApps. So who pays the fees? ebakus uses an innovative approach—“proof of CPU time consumed”—meaning the fees are covered by dApp developers or service providers, not the end users. It’s like using an app where the company pays your data charges for you.

• High Throughput and Low Latency

  ebakus claims to handle over 5,000 transactions per second (5000 TPS+), with block confirmation times of just 1 second. This means transactions are processed extremely quickly, with users barely noticing any wait.

• Ethereum EVM Compatibility

  EVM (Ethereum Virtual Machine) is the “brain” of Ethereum, and many dApps are built on it. ebakus is fully compatible with EVM, meaning Ethereum developers can easily migrate their apps to ebakus or use familiar development tools and languages (like Solidity) on ebakus.

• ebakusDB (Decentralized Database)

  Beyond the blockchain itself, ebakus provides a built-in decentralized database called ebakusDB. This gives dApps a more powerful “storage space,” enabling better handling and management of large amounts of data, and making dApp functionality richer.

Tokenomics

The native token of the ebakus project is EBK.

• Token Symbol: EBK

  Just as the symbol for the Chinese yuan is RMB, the token symbol for ebakus is EBK.

• Issuing Chain: Ethereum (ERC-20)

  The EBK token was initially issued as an ERC-20 standard token on the Ethereum blockchain.

• Total Supply and Circulation

  The total supply of EBK is 100 million (100,000,000 EBK). The current circulating supply is about 91.13 million (91,137,864 EBK).

• Token Utility

  Although users don’t need to pay EBK as transaction fees when using dApps, the EBK token still plays a role in the ecosystem. For example, it may be used for network governance (voting), or as a way for developers to pay for resources in specific scenarios. Some exchanges also mention that users can arbitrage by trading EBK, or earn rewards by staking EBK.

Team, Governance, and Funding

• Core Members

  The core team of ebakus includes:

  • Theo Theodoridis: Founder and CEO, holds a master’s degree in user experience engineering.
  • Harry Kalogirou: Founder and CTO, holds a master’s degree in software engineering and has 20 years of industry experience.
  • Nicholas Douzinas: Head of Business Development, holds a master’s degree in health management and investment, with 15 years of work experience.
  • Eric Kuenzi: Co-founder, legal expert, with over 20 years of experience in the legal field.

• Team Characteristics

  The team members have extensive experience in user experience, software engineering, business development, and law, indicating that they focus not only on technical implementation but also on product user experience and market promotion.

• Governance Mechanism

  ebakus adopts the DPOS consensus mechanism, meaning token holders can participate in network governance and maintenance by voting for validators.

Roadmap

• Historical Milestones

  The ebakus mainnet was launched and has been running stably since February 2020.

  In May 2019, the project team published an article emphasizing ebakus’s commitment to helping dApps achieve mass adoption by eliminating initial friction, improving performance, and ensuring compatibility with Ethereum and ebakusDB.

• Future Plans

  Currently, there is little publicly available information about ebakus’s specific future roadmap. Typically, such projects continue to optimize technology, expand ecosystem partnerships, and attract more developers and users. It’s recommended to follow their official channels for the latest updates.

Common Risk Reminders

Investing in any cryptocurrency project carries risks, and ebakus is no exception. Here are some common risk reminders—please pay close attention:

• Technical and Security Risks

  Although ebakus claims its technology is advanced, blockchain technology itself is still evolving and may have unknown vulnerabilities or attack risks. The security of smart contracts also requires ongoing auditing and verification.

• Economic Risks

  The market value of EBK tokens is highly volatile. According to current data, EBK’s market value and trading volume are very low, which may mean insufficient liquidity and difficulties in buying or selling. Market recognition of EBK’s value is low, and future price trends are uncertain. Any cryptocurrency may face the risk of price collapse, or even going to zero.

• Compliance and Operational Risks

  Global regulatory policies on cryptocurrency are constantly changing, which may affect the project’s operation and development. In addition, the team’s execution ability, community activity, and ecosystem development may all impact the project’s long-term success.

• Competitive Risks

  The blockchain field is highly competitive, with many projects also trying to solve dApp user experience and scalability issues. ebakus needs to keep innovating to stay competitive.

Please remember: The above information does not constitute any investment advice. Before making any investment decisions, be sure to conduct thorough personal research (DYOR - Do Your Own Research) and consult a professional financial advisor.

Verification Checklist

• Official Website: https://www.ebakus.com/
• Whitepaper: https://www.ebakus.com/assets/ebakus_whitepaper.pdf
• Block Explorer Contract Address (Ethereum):
  0xbddab785b306bcd9fb056da189615cc8ece1d823
  (EBK token contract address on Ethereum)
• GitHub Activity: https://github.com/ebakus/ (It’s recommended to check code update frequency and contributor count yourself)
• Social Media: Twitter (@EbakusNetwork), Telegram, Discord, etc.

Project Summary

ebakus is a blockchain project dedicated to solving the user experience pain points of decentralized applications (dApps). Through its innovative “zero transaction fee” model (for users), high speed and low latency enabled by the DPOS consensus mechanism, and compatibility with Ethereum EVM, it aims to make dApps easier to use and more widely adopted.

The project team has experience in technology and user experience, and the mainnet went live in 2020. However, current market data shows that the EBK token’s market activity and value are relatively low, which may indicate challenges in market promotion or ecosystem development.

The philosophy of ebakus is to make blockchain technology “invisible” behind the user experience, which is positive for driving large-scale blockchain adoption. But any emerging technology project comes with uncertainties, including technological development, market acceptance, competitive environment, and regulatory policies.

In summary, ebakus offers an interesting technical solution that attempts to lower the threshold for blockchain application adoption. For those interested in blockchain technology and dApp development, it can serve as a case study for exploring “user-friendly blockchain” directions. But please remember, this is not investment advice—do your own research for more details and make your own judgments.