KNOWING EDC BLOCKCHAIN AND ITS MINING ALGORITHM

Going down memory lane to how blockchain started, it really was a herculean task as it faced a series of issues, limitations, badmouthing etc. But Bitcoin being the first cryptocurrency in addition to its amazing features keeps waxing strong and today it is so valuable. Banking on the potentials or features of Bitcoin led to the advent of many other blockchain platforms, like Ethereum, Litecoin etc and these features comes in the form of decentralization, mining algorithm etc.
Like earlier stated, there are many blockchains following the path of Bitcoin to contribute their quota in disrupting this current era, and one of such is EDC BLOCKCHAIN.

Unlike other blockchains such Litecoin using PoW (Proof-of-Work) algorithm just like Bitcoin, while Ethereum although using PoW aims to migrate to PoS, EDC blockchain, on the other hand, aims to use a hybrid algorithm known as LPoS (Leased Proof-of-Stake).

KNOWING EDC BLOCKCHAIN AND ITS MINING ALGORITHM

EDC blockchain was created by a team of brilliant minds with knowledge in advertising, marketing, blockchain development etc thereby ensuring EDC blockchain becomes a multifunctional blockchain platform which will arm users with the capacity to create desired tokens to either kickstart their business or to upgrade their current businesses. Therefore it can be seen that the objective of EDC is to build an effective, dependable and versatile blockchain system which will be ideal for the exchange of products and services on a worldwide scale. Notwithstanding is the tokenization of both private, small and medium-sized businesses, along these lines forming a platform which will be appropriate for its users.

Like earlier expressed, EDC blockchain is known to use LPoS algorithm to offers a wide scope of favourable solutions to its users. This is because LPoS offers holders of smaller measures of crypto (EDC token) the ability to lease or rent their coins to nodes through this, the nodes structures a block in this manner making it feasible for the holders to be rewarded from the total block reward. When one takes a look at the LPoS algorithm, it, in general, have a connection with other mining pools and attributable to the network individuals, these smaller coin holders adds to the security of the EDC platform.

Why LPoS Mining Algorithm

Since EDC blockchain is utilizing LPoS algorithm as its mining algorithm all coin holders are as such part of its masternode. This EDC masternode is a sort of mining where users will rent their coins, along these lines initiating the mining while the reward is automatically sent to their wallet based on their contribution.
By partaking in EDC masternode, the user will have the chance to get daily rewards to his wallet and furthermore having the option to withdraw as at when due.
The genuine significance of LPoS is to guarantee value and equity, that is, all users of EDC masternode regardless of their stack can come together in this way improving the security of the EDC network.

CONCLUSION

With LPoS mining algorithm, EDC offers its users the opportunity to earn daily through mining while contributing to the security of the EDC network.
EDC Blockchain has been in the crypto space since 2015 owing to the fact it is made by a group of experts with wide involvement in the field of cryptocurrency, blockchain, advertising etc.