The Amoveo main net was launched at 11:00 AM GMT on March 2, 2018. VEO was designed to be decentralized.
Zack Hess was the original developer who launched the Amoveo project. Zack previously worked on Aeternity (AE) and co-created the Augur (REP) project.
I was working with the Augur team before it was called Augur. I wrote their first minimum viable product in Python. I taught them Paul Sztorc’s design.
Zack Hess used his experience working on other projects to understand the drawbacks and weaknesses of inadequate blockchain designs. Amoveo’s mission is to take the lessons taught by the shortcomings of similar networks and build upon them to develop a database that is stronger than ever before.
Amoveo uses VEO as a native currency that is minted through its own blockchain. Unlike other projects that are based on the Ethereum platform, VEO currency is linked directly to the Amoveo blockchain and does not rely on a secondary platform to execute its functions.Find out how to mine Amoveo cost-effectively in Mining Amoveo.
Here are some specific improvements in Amoveo as compared to Augur.
Amoveo does not use sub-currencies, exclusively relying on VEO. In contrast, Augur contracts are done in Ether (ETH), while its own token (REP) are used to pay for oracles. Amoveo does not depend on other networks and utilizes a single token for everything — including funding oracles.
Amoveo’s light node tool for 2-step lightning payments through a server. This creates a Bitcoin-like Lightning channel — making transactions virtually instant and with low commissions.
Amoveo’s oracle solution is cheap and easy to use.