Eureka is a decentralized blockchain based on UTXO that uses a Proof of Stake (PoS) consensus model. In this model, the creator of the next block is selected based on the amount of the blockchains native coin held (ERK, Eureka coins), rather than by a measure of hash rate as used in Bitcoins Proof of Work (PoW). In Proof of Stake (PoS), blocks are minted by stakeholders rather than mined by miners. As a result, stakeholders earn the networks transaction and deployment fees (Tx fees). Notably, Eureka coins have a zero inflation rate, meaning no new coins are generated with each block creation. Instead, 10% of each blocks transaction fee (Tx fee) is burned, while the remaining 90% is distributed to stakeholders. When a coin is burned, it means it is completely removed from circulation and cannot be used by anyone.