Do you know anonymity is so important for crypto transactions?
If you buy something from a store with fiat or paper currency then no one can track which currency you have paid to the store owner. So till now transaction with fiat or paper currency is the most anonymous form of transaction but when come to make a transaction with digital assets then with little effort hacker can track you.The aim of cryptocurrencies is to give financial freedom, Freedom from banks and freedom from mediators.
Does the Bitcoin system is adequate for this? Regardless of whether Bitcoin is the Number One among the digital forms of money has not yet had the option to stand up for itself as an acknowledged method for payment in each nation, let alone for every single other coin. There are a lot of explanations behind the absence of acknowledgment. The instability, the obstacles to the securing, distrust, the dread of misfortune, intricacy, yet in addition an absence of protection.
Yes, there is no information assurance in the Bitcoin convention. All exchanges and all assets are openly available. Bitcoin is a public cash book. Today we would prefer not to manage the individual reasons why the acknowledgment of cryptocurrencies is absent in the public arena, yet rather with reasons why information security is so significant for advanced exchanges and how EDC Blockchain improves it?
Let's discuss two reasons why anonymity is so important for crypto transactions and how EDC Blockchain can help for anonymous transaction?
An anonymous crypto transaction can save you from criminals. Suppose you just transfer a considerable amount of bitcoins to your Bitcoin wallet. Let’s say you transfer 100 BTC which is about $ 997,644. Would you want individuals or an alternate gathering of individuals to realize that you have $380,000? Imagine a scenario where criminal occurrences smelled the meal and will take a stab at anything to make you $380,000 simpler. But on EDC Blockchain you can anonymously transfer EDC coin equivalent to 100BTC no one can track you.
When a company chooses to transfers money to his business partner in the form of crypto that means they don't need any middleman, they need it to go rapidly, they don't want anybody to realize whatever the thought processes are. Consider the possibility that the opposite side knows precisely how a lot of cash the organization claims. It will continue deliberately to take advantage of it. It will be made unreasonably simple for this arranging accomplice.
Here EDC Blockchain can play a great role for a company; By using EDC Blockchain a company can transfer money to his business partner anonymously and EDC Blockchain can process a million transactions per second which means EDC coin is the speedster among all privacy coin. And you can also grow your business with its other components of EDC Blockchain for more information must read one of my articles by click-here.
Let's review of EDC from the point of view of the commission
If a question comes to your mind that Many privacy cryptos already in existence so why we need EDC for anonymous transactions?Of course, there are so many privacy cryptos but each of them has some features are missing and can cost you a high transaction fee for slow speed. But EDC is not only can give you privacy in the transaction but also have multi-features in it. When you switch for the anonymous transaction then it can cost you only 100 EDC coins which is equivalent to 0.433072 USD and this so negligible fee in comparison to Zcash transaction and you get faster transaction speed than Zcash and other existing privacy coins.
In the point of commission, You only get free from middleman's commission. There is no commission charged by team or super-node for an anonymous transaction and all fee generated by anonymous transaction get burned. Hence more anonymous transaction can lead to more coins burned and in future EDC coin price get stable so the instability of EDC price can be tackled. You can take a look of below diagram to better understand about price and circulating supply.
Conclusion:
All the information in this paragraph is my own thought about this article. When I got to know that every fee generated by anonymous transaction get burned then I become more a fan of EDC coins according to me this is a great step has been taken by the team which can lead to achieving a crypto goal like financial freedom and privacy it also helps to stabilize EDC coin's price in future.Website, Whitepaper, Twitter, Telegram, EDC Blockchain coin constructor
Exchanges where EDC coin listed:
Yobit, Bit-Z, Digifinex, P2PB2B, IDAX
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Bitcointalk username: jiten12344321
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1441342
Risk Warning!
All the article is my own opinion and research. since all kind of investment is subject to market risk so before investment do your own research. No one will responsible for your profit or loss.