EDC Blockchain.Launched in 2015, EDC Blockchain describes itself as a worldwide multi-currency platform with a integral builder of coins. All EDC holders square measure reportedly united into masternodes (a variety of fund during which users give their coins), thereby permitting the node to mine EDC.
From the look of things, it is obvious that the EDC Blockchain is gaining momentum everyday and people are waking up to its practical life applications and the benefits embedded it. Here goes the actual existing use of EDC Blockchain;
The first and formost actual use of EDC Blockchain is through its algorithm, which is Leased Proof of Stake Protocol (LPoS). EDC Blockchain operates by leasing of EDC coins to the Masternodes. Here is how it translates into actual use; the protocol allows people to lease out their bought EDC coins to the masternodes and earn some percentage interest on the token leased depending on the duration and the volume of coins leased.
website : https://blockchain.mn
How Leasing works on EDC Blockchain
EDC Blockchain operates by LPoS algorithm, that is, Leased Proof of Stakes Protocol which confirms the transactions on the Blockchain by leasing of EDC coins to the Masternodes.
In this way, users are allowed to lease out their coins to the masternodes as a means to keep the ecosystem running and interests are paid to the user's wallets on a daily basis. The compound interest that is earned each leasing users varies depending on the amount of coins that are leased and the duration of the leasing.
Compared to classic mining, PoS does not require massive computing power and therefore has low appetite for electricity. PoS can safely be said to be cost and energy efficient, and thus better than PoW. This explains the reason why the blockchain industry is gravitating towards proof-of-stake (PoS) consensus model. As an example, the Ethereum blockchain is planning to switch from PoW to proof-of-stake (PoS).
The downside of regular PoS is that small coin holders would be unable to participate because of the relatively high number of coins needed to be staked to become a master node. It therefore means that network security is left in the hands of a smaller population of the community with the financial means to afford the minimum coins to be staked.
An improved and inclusive consensus model of this nature is the Leased Proof-of-Stake (LPoS) mechanism. The LPoS operates same way as PoS, but employs leasing to enable small holders participate in the network and get incentivize. The small holding nodes lease their coins to a main staking node but the leased coins are still completely within the control of the holder. Leased coins improve the chances of the staking node being picked to validate and add transactions to a block. The transaction fees collected by the staking node is shared with the small leasing nodes based on the amount leased.
The leasing is grouped into three duration period, namely; three months, six months and one year. The rate of interest increases as the period increases. For instance, if someone want to lease EDC coins for the period of three month, the person will receive a daily compound interest of 0.27% which totalled 8% of monthly Returns on investment If another person will lease Those that will lease for the period of six months, the person will receive a daily compound interest of 0.33% which tallies 10% monthly Returns on Investment. Somebody that will go for the third category which is a year period of leasing, the person will receive 0.4% daily compound interest which results in 12% Returns on Investment.
This is a great innovatie on the EDC blockchain that work in the order of Multi-Level Marketing structure which enables community members to earn from leasing to Masternode and also earn for bringing in new members into the system. This system encourages users to invite more people to lease EDC coins to the masternode, because the more they invite other users, the more their earning increases. The Members that can lease at least 30,000 EDC Coins to ECROfund becomes qualified for the Multi-Level Marketing bonuses which makes Users to earn 10% of the earning of their first three direct referrals. Not only that, they will earn 8% on the second level referrals up to the fifth level with decreased percentage earning
EDC community exceeds one million users, whereas the cryptocurrency is employed by individuals in fifty seven countries. within the close to future, the combination of the EDC coin are enforced in various shops throughout the planet, together with the developed marketplace for the increasing community of the EDC platform. it'll be a multi-user on-line commercialism system supported blockchain technology exploitation good contracts.
Reward Sharing For All Participants
One of the key benefits of the LPoS is that small holders will also share in the transaction fees earned by the master nodes to which they donated their coins to. In the EDC ecosystem, master nodes divide the transaction fees based on the amount of EDC contributed by participating holders, and distribute it according to terms and plan selected. The leasing period could be 3 months, 6 months or 1 year.
Upcoming goals EDC Blockchain
Creation of the EDC Blockchain application for all types of OS (operating systems)
Development of a mass platform that will make it easier to create digital assets based on any blockchain
Creation of fast and secure decentralized cryptocurrency exchange
Formation of a blockchain-based crowdfunding platform for recruiting investments in various plans
UTILIZATION OF THE COIN
This is the utility token of EDC Blockchain made to be utilized inside the framework. Utilizing EDC coin any business or individual can utilize coin maker to make its own crypto coin which gives dedication and cashback frameworks to their clients. EDC coin is utilized as exchange charges for any auxiliary coin inside the blockchain. Anybody can adapt their middle person administrations utilizing EDC coin. Furthermore, at last, all the income of the organization that produces by coin maker administration and all exchange expense that create by EDC coin exchange in the middle of EDC Blockchain will be naturally scorched which is a decent point for financial specialists.
EDC Blockchain must have the appropriate technology to ensure that every action taken in the system is not only reliable and safe, but also as fast as possible with minimal costs. That is why, for its development, the developers of EDC Blockchain have switched to the world's fastest blockchain BitShares 2.0. Its technical indicators make it possible to achieve a speed of 100,000 transactions per second, and this, for a minute, is much more than that of the largest financial service provider Visa! Moreover, all associated technical characteristics allow maintaining the formation of blocks at a very high level, each new block is formed within three seconds. And I think this is incredible! In addition to all this practical possibilities, the holders of the internal EDC token have a great many. First, the user can participate in various loyalty programs from EDC Blockchain, as well as accept rewards for using any services of the company and many other things, which implies receiving a bonus. Secondly, using the EDC token, the user can purchase various platform products, as well as get access to the main designer of the EDC Blockchain coin system and many other things. The main advantage of EDC Blockchain remains its fees.
FOR MORE INFORMATION
WEBSITE: https://blockchain.mn/
BLOCKHAIN WALLET: https://wallet.blockchain.mn/registration
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: https://t.me/EDCBlockchain
INSTAGRAM: https://www.instagram.com/EDC.Blockchain/
YOUTUBE: https://www.youtube.com/channel/UCdkt4HSObcdnSU4CrqZqgig