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EDC Blockchain - the story of one cryptocurrency

2019-12-26

EDC Blockchain is a digital currency with a unique blockchain network and platform that allows you to create and launch smart contracts and coin emissions with any specified parameters. All these capabilities are achieved thanks to the work of in-house specialists, so network users do not need to independently learn programming skills, write code, or assemble a professional team. For those who do not intend to present their own developments, there is an opportunity to receive passive income by earning coins by leasing cryptocurrency, and this does not require any special expensive devices and costs.

About EDC Blockchain project

EDC Blockchain is a world-famous and popular platform, the functionality of which has been expanded with its own unique cryptocurrency, which makes it possible to use optimal and convenient options for conducting transactions. The company presented its project back in 2015, but now the developers have managed to create a large cryptocurrency community (several million users) and popularize their asset in more than 60 countries around the world.

The company attracts the attention of critics and ordinary users with its perspective and potential. The official website of the project has a roadmap that contains goals for the near future, for example:

extending EDC Blockchain application support for all OS;
formation of a large-scale blockchain tool that will help simplify the process of creating new cryptocurrency assets on existing blockchains;
release of a new high-speed and secure platform based on blockchain technology;
formation of a crowdfunding resource to attract large investors to new original projects and developments;
release of a large p2p store for the EDC community.
In addition, it is worth mentioning separately the commissions in the EDC Blockchain system, which are extremely low in relation to other blockchains and cryptocurrency projects. For example, for a user and holder of bitcoin, the average transaction will cost $ 1, for an Ethereum visitor - slightly less, $ 0.8, and in EDC, the commission is measured in 0.001 coins. Translated into the modern digital currency rate, the user will need to pay about 0.0005 cents. But this rule does not apply to confidential secure transactions, they are more expensive: 100 EDC, which is in any case cheaper than the previously listed currencies.

But another advantage of the resource is that all fees in the system are fixed, so even millions of non-confidential transfers will cost 0.001 EDC.

EDC Blockchain Features

EDC Blockchain has an optimally and smoothly operating single platform with a huge number of users, which makes it possible for various startups and young projects to develop. The revolutionary platform had a positive impact on the rating of the cryptocurrency, which affected the advantages of the technology:

Easy access: EDC is listed on many major exchanges: Yobit, Idax, Bit-z, DigiFinex and others.
Simplified mining: digital currency is mined using LPoS mechanisms, so in order to become an owner, there is no need to buy and install expensive equipment. For this, a special technology is used - a masternode, which functions remotely from the holder, who receives the finished result.
Graphene algorithm: the protocol allows for fast transfer operations, makes it possible to provide multitasking for users with different tokens, and also reduces the commission.
In addition, EDC offers its users a range of services:

The ability to interact with digital assets: issue coins, manage them, save them with a resource and conduct trading operations.
Access to use a multicurrency wallet, which is distinguished by a high level of protection, reliability, simplicity and ease of use, as well as the speed of processing requests.
Ready-made mechanisms: the company provides already formed packages that will help create a cryptocurrency based on blockchain technology. They can be used to attract deposits into your business, to pay for various goods and services, and to create unique payment programs.
Emphasis on development. The service offers excellent marketing functions for business owners who help promote the project on the network, build work with targeted advertising channels, and are engaged in the formation and organization of content.
Creation of projects based on the blockchain mechanism, as well as smart contracts for any purpose.

Also, the main advantages of the project include a special original wallet, which the creators are successfully updating. The latest update made it a universal engine with a simple and straightforward interface that is available on any platform and in all browsers. The wallet allows you to save any coins that have been issued based on the EDC Blockchain technology. In addition, the creators have provided for a large range of currencies, and all transactions are carried out quickly and through secure channels. In addition, all community members are given the opportunity to send coins to the masternode for mining directly from their wallet.

How is EDC Blockchain created?

One of the characteristic features of the EDC Blockchain cryptocurrency is convenient and affordable mining. It is produced on the basis of LPoS technology, for which a masternode is used. Few projects support mining based on this mechanism.

A masternode is a special server that serves to accept coins for a leasing resource, allowing the node to extract currency and generate income for network visitors. With its help, all wallets are united into one network. The masternode independently distributes funds between the participants, the amount of which directly depends on the size of their initial investment.

To do this, there is no need to constantly keep the computer on and monitor the process. It is enough just to transfer coins to a masternode and wait for the result in the form of coins accrued daily to your personal wallet.

To create absolutely equal rights, the called Leased Proof-of-Stake mechanism is used, which is aimed at ensuring the security of the resource by the joint efforts of all users. Therefore, for example, a holder of a large number of coins can count on a stable and good profit.

The mining process can be briefly described as follows: a participant transfers EDC coins to a masternode server, and she mines a coin. It turns out that automated income always depends directly on the investment. It is worth mentioning that the minimum contribution for users is 30 thousand coins.

In addition to mining the main cryptocurrency, the company provides an opportunity to form its own assets, for which there is no need to resort to powerful computers, hiring professional employees, paying for hosting and other technical issues. You just need to set custom settings.

Is EDC Blockchain Endless?

At the moment, there are more than 2.6 billion EDC coins in circulation among users on the resource. According to the latest data, it is known that by the end of 2019, more than 5.3 billion coins were issued, while, according to the creators, the planned emission is limited to 100 billion. It is not yet possible to say whether this number will increase in the future.

Strengths of EDC Blockchain

Now the team has already managed to implement a large number of conceived ideas, which makes the platform visited and the cryptocurrency itself convenient and usable.

For example, users have created their own wallet, which makes it possible to conduct transactions in the EDC coins themselves. Also, a positive effect is achieved due to the LPoS algorithm, which allows participants to save their leased coins on the resource and receive a reward for this. This suggests that EDC will be an excellent investment for those who want to somehow keep their assets, and not sell or exchange them.

Of course, the advantages of the project include daily payments for those participants who take part in leasing. Their size depends on the amount of the credits themselves, but a pleasant program is also provided: for a three-month leasing period, you can earn 8% monthly, as well as 6-10% and 12% profit for the next six months. And the procedure for sending coins is simple: you just need to send the selected amount to your wallet. It is also appreciated by those who want to create and develop their project related to cryptocurrency, and offers a number of service packages for every taste.

The confidentiality of the EDC is of paramount importance. It is worth noting that this feature is not installed by default, but only a feature, so users can adjust it for each specific transaction. If the participant wants to carry out the operation confidentially, then when filling out the transfer data, it is necessary to move the "Confidential transaction" switch towards activation. The confidentiality of the transfer is reflected in the cost of the commission: instead of the standard amount of 0.001 EDC, you will have to pay 100 EDC. For confidential translations, comments from participants are also not provided.

Enabling confidentiality allows you to hide personal data, after the transaction enters the network, it will be impossible to determine the subjects of the process. Cryptocurrency critics do not understand why the cost of privacy is so high on the resource, but it can be assumed that this is done so that the majority of users choose open transactions with traceability. This approach can repel small fraudsters, criminals and sponsors of various illegal activities.

But even non-confidential transactions say little about users, because personal data is not required to create an account, it is enough to come up with a login. In addition, for those who want to protect themselves as much as possible, there is always the possibility to manually create a large number of addresses so that information about transactions is confusing and voluminous.

EDC Blockchain in TOP currencies

At the moment, the EDC wallet is only available for use on the internal web service, but, as already mentioned, the developers plan to provide versions for different operating systems, including mobile applications.

EDC Blockchain can be used to create your own projects based on their blockchain, and this largely determines the popularity of the resource among users. Most modern blockchains do not have such an opportunity, and in order to achieve this goal, you will need to seek help from specialists.

According to experts, if the intended goal of the company (to release an improved constructor with universal and understandable tools for shaping developments on any blockchain) is achieved, then the team should expect a new wave of interest in work. This also arises against the background of other future projects. For example, an exchange that will be connected to a wallet, allowing trades, ICOs, and also attracting deposits to their cryptocurrency projects.

All the currently existing opportunities, as well as the outlined plans, to a large extent allow creating a wide and convenient functionality, which makes EDC Blockchain a promising project. It allows you to create your own developments, and attract investors, and make a profit from mining and leasing. It is no coincidence that EDC occupies top positions on many exchanges and is actively in demand among users. If this trend continues, then the project has a chance to take leading positions among the owners of the cryptocurrency.