Garret Camp, co-founder of Uber and founder of Expa, has been taking a break from all the fuss and has been traveling and helping around Africa. Now he is back and as reported on Fortune he is planning to launch a new cryptocurrency named Eco that is planning to solve all the problems that previously have been gone unsolved.

Seems too good to be true right? Well it probably is, but it still may be worth a shot for those looking to side him on a venture. So far we only have a Whitepaper, which in this case is a Design Proposal instead.

The paper promises better scalability and usability to Bitcoin, but we already heard this a few times in the past few years. What it also talks about is so called verified nodes, which will be nodes that have a better uptime and trust network wide, these will share between the rewards and will be used for decentralized governance. Now you probably think that you heard this somewhere before, you are not wrong, these are basically Dash’s MasterNodes repackaged.

The difference here is that these verified nodes will be those who are pointed out as trusted parties, universities and their researchers and dvelopers. 20% of the project’s token allocation will go to them, 10% will go to the founders (Eco Foundation), 10% to active contributors and advisors and 10% will go to strategic partners. The rest, 50%, will go to the first 1 billion people world wide.

The system promises to start with a transaction output of 1000 tps and aims to reach 100,000 later with the help of sharding. Sharding seems to be the popular choice currently, which aim to achieve high capacity.

Check out their website here if you want to read the whitepaper or pre-reg for their airdrop.