EDC BLOCKCHAIN: STANDING OUT IN THE WORLD OF CRYPTOCURRENCY MINING

Ever since the advent of blockchain technology, there have been a series of amazing innovations, which includes but not limited to the tremendous development of;
a. Decentralized platforms which banks on the decentralized nature of blockchain to ensure users are protected from data breaches etc,
b. Decentralized applications (DApps),
c. Smart contracts both in businesses, e-commerce and otherwise.
d. Different consensus algorithms like Delegated Proof-of-Stake (DPoS), Proof-of-Stake (PoS), Proof-of-Work (PoW) Hybrid PoS and PoW, Leased Proof-of-Stake (LPoS) etc.

All these developments were in a bid to ensure different results and innovations are achieved thereby solving unique problems while leading to the growth of the blockchain world.

When blockchain came to play, it was disregarded and thought not to offer any tangible results, but as time goes on developers realized the potential and features it offers thus Implementing its features which then led to the second generation of blockchain known as Ethereum, thus the advent of smart contracts.
And among the developers who believed that there are more to be achieved with blockchain are the team behind a project known as EDC Blockchain, and they are known as to be leveraging LPoS to offer more scalability to the blockchain.

WHAT IS EDC BLOCKCHAIN

To begin with, what is EDC blockchain?
EDC blockchain or EDC is a platform developed in such a way as to be a multifunctional blockchain platform which will arm users with the ability to create cryptocurrencies to either kickstart (or tokenize) their upcoming business or to enhance their existing businesses; to make it more interesting these users will be offered friendly packages to help them make the right choices.

Just like every platform in the crypto space or the world at large, there have to be goals and objectives which will drive the platform and as such EDC blockchain isn't an exemption.
Then what actually is the goal of EDC which keeps driving the team to continually improving the blockchain?
The goal driving EDC is to build an efficient, reliable and scalable blockchain system which will be perfect for the exchange of goods and services on a global scale. In addition to this is also, the tokenization of both private, small and medium-sized businesses, in this way forming a tool which will be suited for attracting investors.

Like earlier stated, EDC blockchain is known to be leveraging LPoS mining algorithm to offer a wide range of advantages to its users. LPoS which stands for Leased Proof-of-Stake consensus algorithm offers holders of smaller amounts of crypto to rent or lease their coins to full-fledged nodes through this, the nodes form a block thereby making it possible for the owners (or holders) to receive their share of the total reward. By studying the LPoS algorithm it tends to have a correlation with other mining pools and owing to the initiation as well as stimulation of network members with these smaller amounts of coins the security in platforms leveraging LPoS is increased, that is to say, EDC is highly secured.

Uniqueness Of EDC Blockchain As It Leverages LPoS Mining Algorithm

With EDC blockchain leveraging LPoS algorithm as its mining algorithm all coin holders are now part of its masternodes.
This masternode is a type of mining where users will lease their coins, thus mining while profit is automatically distributed to users with respect to their contribution.
By being a user of EDC and taking part in its masternode, the user will have the opportunity to receive daily profit to his wallet and also being able to withdraw instantly.
The true importance of LPoS is to ensure equity, that is all users irrespective of their holdings (or stack) can work together thereby enhancing the security of the network.

Thus to get started, users only need to lease EDC coins from their wallet to a masternode with a minimum of at least 100 DC, thus activating the masternode to start mining, at the long run getting accrued profits automatically in proportion to their contribution.

CONCLUSION

EDC blockchain is made up a team of professionals with wide experience in the field of cryptocurrency, marketing and advertising.
With LPoS algorithm, EDC thereby offers advantages such as attracting users (irrespective of their number of coins) to contribute to the security of the EDC network while the reward is distributed fairly to all users or miners taking into consideration their rate of contribution. With this, it is evident, that LPoS offers more opportunity because small coins owners can still be rewarded.

N/B: EDC is already listed on several cryptocurrency exchanges.
Exchanges: https://blockchain.mn/exchanges/