One of the greatest things that has happened to our world in the 21st century is the invention of Blockchain technology which has brought about definite change in the way things are done all around the world.
The mining of cryptocurrency which is gaining wider adoption day by day and taking over the conventional means of transaction is brought to the light through the application of blockchain technology.
Merits of the Blockchain
The merits of blockchain technology are great and numerous; ranging from strong security it offers for any information stored on it. Blockchain makes alteration of information already stored on it almost impossible, thereby offering guaranteed security. Speed and accuracy are part of the great incentives that the blockchain offers. Transactions are carried out on the blockchain at very fast speed compared to what was obtained before the invention of the blockchain technology. Transparency is another merit offered by the blockchain by making transactions very open and transparent. These and many more are the advantages of the blockchain.
Advancement of the Blockchain
One thing that is constant in life is change! There must be constant improvement on things if we will get the best out of them. As other technologies and inventions are being improved upon to give optimum service and satisfaction, so has the blockchain improved over time. Blockchain has evolved from slow to very fast speed of transaction with the ability to process several transactions at the same time with improved algorithm.
EDC BLOCKCHAIN
Here comes the latest advancement in the blockchain technology which is the future of technology; EDC BLOCKCHAIN.
EDC BLOCKCHAIN processes about 100,000 transactions per second and work with several tokens simultaneously, forming new blocks every 3 seconds through the use of Bit shares 2.0 Graphene protocol. This is amazing! Compared to the what is obtained from other existing blockchains. There is advancement and great improvement in EDC Blockchain which cuts across every facets of the technology ranging from the speed at which transactions are executed and numbers of transactions it can handle at a time.
EDC BLOCKCHAIN has been in the market for some years with the presence of EDC coins in about 57 countries with about a million active users.
See the Website: https://blockchain.mn/
Blockchain Algorithms
EDC Blockchain uses Leased-Proof-of-Stake (LPoS) algorithm, which is the latest and the best. It works with proof of ownership that is leased. The modus of this algorithm is that smaller number of people can participate by leasing their coins to Masternode and receiving reward everyday.
Compare other algorithms like;
Proof-of-Work (PoW) ; This is the first algorithm that is used in mining cryptocurrency, this is used by blockchains like Bitcoin, Litecoin, BitcoinCash and the rest. One of the disadvantages of this algorithm is that, the speed of transaction is very slow.
The Proof-of-Stake (PoS) algorithm was developed to improve upon the Proof-of-work (PoW) algorithm. Proof-of-Stake has many advantages; ranging from higher speed of validation to lower resources . The demerit is that, only a large number of Masternode owners can add blocks to this blockchain and receive rewards. Example of blockchains that uses Proof-of-Stake algorithm include Neo, Dash and many more.
Leased-Proof-of-Stake Algorithm (LPoS)
EDC Blockchain uses (LPoS) Alogrithm in which you don't have to buy Mining equipment that costs fortune, and you don't need large capital to have Masternode, you have a Coin in EDC that can participate in Leasing and receiving 0.4% reward of the number of Coins leased everyday. Visit the
Website: https://blockchain.mn/
The ECROFUND
Ecrofund is a decentralized investment community of a new generation of people which consists of the teams and participants. Part of the major duties of the Ecrofund is to diversify investments in different types of businesses to reduce risks for investors and increase liquidity of the digital asset.
In three days of Ecrofund, more than 800 million coins were leased to the user's funds which has proven Ecrofund's feasibility while it's users have started receiving the dividend.
ADVANTAGES OF EDC BLOCKCHAIN
Fast speed
EDC Blockchain carries out transactions at an amazing speed through It's unique bit shares 2.0 graphene protocol.
Low commission
The commision that is charged for transaction on EDC Blockchain is very low and insignificant compared to what other blockchain charge. I carried out transaction today on a blockchain that uses Proof-of-work alogrithm, Bitcoin to be precise, I was discouraged by the high commission paid for each transaction that I carried out.
LPoS Algorithm
The Leased-Proof-of-Stake algorithm is very easy to manage because it is designed in way that it does not consume high power. The masternodes carries out the mining remotely.
Multitasking Ability
EDC Blockchain is designed in a way that it can multi task at a very fast rate especially in handling multiple tokens simultaneously which is a good new to all that want to embark on cryptocurrency project or migrate from their current blockchain, a recommended Blockchain is waiting!
Digital currency
EDC Blockchain has a digital currency which is operating on blockchain and used as a means of payment for goods and services and investment.
Easy Coin Leasing
The leasing of coin to the Masternodes has been simplified in the sense that, wallet can allow the leasing of coins directly to the Masternode to be used for carrying out mining activities directly from the wallet.
For More Information
Website: https://blockchain.mn/
Whitepaper: 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
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2338476;sa=summary
EDC Blockchain wallet: petox34