No doubt blockchain (cryptocurrency) is a powerful tool in our modern society today because it meets the needs and aspirations of so many sectors, it ensures a higher level of transparency, efficiency, security and cost-effectiveness and this has in no small way informed a significant patronage for it today but suffers challenges of scalability that creates very slow speed transactions, we also have other challenges like complexity in token programming process, that most times requires one to have prior and extensive knowledge, lack of token usage etc this challenges and many more leaves much to be desired, but with EDC blockchain cryptocurrency is set to move into a higher level with better peculiarities to meet up with modern day demands, EDC blockchain can best be described as a fully-fledged crypto-currency that has its own blockchain with other additional functions to provide profound services as well as solution.
ABOUT EDC BLOCKCHAIN
The EDC stands out as a crypto-currency that can be purchased on an exchange and then used by anyone, although the platform basically targets entrepreneurs (start-ups, big & small businesses, companies etc). It is a project that gives just anyone the ability to create his own kind of crypto-currency token and this token can be used as a means of payment or settlement in their business and projects, to sustain accounts, to trade in any exchange, it is listed on a number of exchanges like Yobit, idax, coinage etc in achieving this one do not need to learn how to program a single line of code, rent programmers, rent hosting or be bothered about security but to just make few clicks and use either the basic package, the plus package and the premium package to create a cryptocurrency that is a hundred times better than ethereum.
• Basic package: gives you the ability to create tokens give it a name and description, this package is mostly appropriate for small firms
• Plus package: gives you the ability to change your token, premine or makes certain adjustments to fit certain parameters
• Premium package: stands out as the highest because it gives an unlimited level of functionality to you to create your own kind of cryptocurrency, using the mining algorithm called Leased proof of stake (LPoS), it is meant majorly for very advanced operations.
The EDC blockchain platform operates on a frequency that is fully hinged on the bitshares 2.0 graphene technology, the bit shares 2.0 graphene technology can process transaction at 3000 to 10,000 TPS, it carries this process out by combining with the consensus mining LPoS to create a block in within 2 to 3 seconds. The graphene technology also comes with it a high-tech multi-tasking potential that allows you to work simultaneously with so many coins.
ABOUT THE LPoS MINING ALGORITHM
The leased proof of stake is a consensus mechanism that comes with specific advantages such as:
• Attracting all class of users regardless of their stake
• provide secured network
• Ensure a fair reward distribution system with each participant receiving rewards in proportion to his or her contribution
• Gives small businesses or start-up opportunity to receive stable bonus
• All the coin holders within the platform are merged into masternodes and so users donate their coins and then allow the node to mine and then distribute the bonuses
• For a node to attain the level of a masternode certain amount of coin is required to be captured for a certain to period of time in other to initiate the process of mining new coins
• The function of the masternode is to operate as a computer with an EDC wallet that get the number of coins and then go further to offer network security whenever the functions like network voting and confirmation of transactions are been implemented
ABOUT THE WALLET
• The wallet stores various kinds of token specifically those that will be based on EDC blockchain
• It has a unique multi-currency support system that accommodates lots of coin options
• It also facilitate an easier process where one can send coins directly to the master suite and the be able to mine directly from your wallet
CONCLUSION
The EDC blockchain project is one unique way in which blockchain is using to enhance it services and open its space for more people to come in, it is poised towards achieving more like launching an application that will feature on all systems, creation of a global blockchain aggregator, develop its own decentralized exchange, create crowdfunding platform that can easily attract investments and develop a peer-to-peer marketplace for the EDC community
For more information,visit below;
Website: https://blockchain.mn
Whitepaper: https://blockchain.mn/wp-content/themes/blockchain/EDC_Blockchain-presentation_(EN).pdf
Facebook: https://www.facebook.com/EDCBlockchain
Twitter: https://twitter.com/EDCBlockchain
Telegram Channel: https://t.me/EDCBlockchain
Author: Nsiman
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2528525