While the advent of smart contracts gives one the opportunity to develop his or her own applications on one blockchain, the blockchain decentralization potential on the other hand makes it feasible for one to execute storage of very huge amounts of information, develop different kinds of applications and then ensure that already stored information cannot be altered; however at the moment smart contracts like ethereum is beguiled with a lot of scalability issues especially in times when new applications comes in contact with another existing application, this collision evokes a slow speed process and then reduces the productivity level of the process, it also comes with it problems like:
• susceptibilities of tokens attack which also can undermine the entire security of the network
• the process of token programming is cumbersome and so requires special and extensive knowledge
• Limited usage of tokens.
• There is most times a high level of complexity in the creating of your application i.e. to create an application one will have to acquire an extensive knowledge in special programming languages
In solving the above listed problems and so many other unlisted problems within the crypto space a blockchain project called EDC blockchain have developed its own blockchain that is solely based on Bit shares 2.0 graphene technology to offer an optimum level of performance capable of giving one the ability to create powerful applications that can comfortably accommodate a large number users on the EDC blockchain ecosystem (platform). With the EDC every application either powerful or least powerful are all developed on a distinct blockchain so as to ensure a faster network speed, payments can be made at a network speed of 100,000 operation for every second. EDC also comes with a modular blockchain system with its own unique constructor that gives users the chance to develop their own kind of application without having any requisite knowledge , with this user can go even further to customize their applications to suit their needs. The constructor also makes it possible for EDC blockchain to carryout token sale to the public and then ensures tokenization of all existing assets with an allowance to easily develop cryptocurrency (digital currency) that can be easily mined with a PoS mining algorithm, it a large ecosystem of about a million users and so provides a good-space for start-ups to market their services.
ABOUT THE MINING METHOD USED ON THE EDC PLATFORM
The method of mining employed on the EDC blockchain is called the LPos (leased proof-of-stake) it’s an enhanced version of the erstwhile algorithm mining because it has the ability to fairly share rewards to users based on the amount of donations they have made, it protects the network by its ability to draw in users regardless of the stake. All users within the EDC platform will benefit from the process of leasing their coins into fully fledged nodes, blocks are formed and bonuses are generated and is then fairly distributed based on user donations or stakes.
CONCLUSION
The EDC blockchain is employed by so many investors to meet their numerous needs; it’s currently been used in about 57 countries with more than 1,000,000 users, EDC is all out to enhance and promote all kinds of businesses that might wish to use it, it offers an all encompassing security, efficiency, transparency and trust that will give all cadres of investors the opportunity to get involved regardless of the amount of coin they might have, all investors are entitled to bonus based on their investment size and this bonuses will help investors to further enhance their businesses.
TO KNOW MORE ABOUT EDC
Join the Telegram Group: https://t.me/EDCBlockchain
Follow on Twitter: https://twitter.com/EDCBlockchain
Follow on Facebook: https://www.facebook.com/EDCBlockchain/
Follow on LinkedIn: https://www.linkedin.com/company/EDCBlockchain
Follow on Instagram: https://www.instagram.com/EDC.Blockchain/
Website: https://blockchain.mn
Wallets: https://blockchain.mn/wallets/
Whitepaper: https://blockchain.mn/wp-content/themes/blockchain/EDC_Blockchain-presentation_(EN).pdf
Writer’s Bitcointalk Username: Abulu730
Writer’s Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2539309
