the crypto domain branching out out of a rat as a out at a rapid rate there is a new alt assets being released to the public on a day to day basis einsteinium is one such platform that has been designed to facilitate development and innovation within the scientific domain through the use of blockchain technology though many crypto crypto enthusiasts might be familiar with einsteinium as being a currency that lept into the top ten thanks to its big value leap over the last year sending its price from 80 cents to two dollars within a week einsteinium has been developed to aid a very scientific technological and philanthropic projects and carries with it a very fitting abbreviation of EMC - it is governed by a parent company called the einsteinium foundation which serves as a hub for various charity funds now if I remember correctly the reason that it jumped from a to two dollars within a week was because that the einsteinium foundation was finally launched I believe and that created a hype cycle of sorts because Einstein has been around for a while now I think it was launched in it was Ronson like 2015 or early 2015 maybe so it's it's been around for a while guys button until the einsteinium foundation was proposed and actually built that's where we saw that that pump if I remember correctly well in terms of an overview of einsteinium it's open source based it acts as a crowdfunding platform for many scientific projects that can help humanity as a whole or that's what the theory is can be used to disseminate information and knowledge to the masses through the use of blockchain and makes and mix use of a unique proof of work consensus to start things off all users will be issued a web wallet designed to not only store various digital assets but also be used to issue invoices additionally it serves as a payment module wearing customers can request payments without having to worry about in geographical distance in addition to the weblog the platform will also provide users with the mobile currency Hodler or holder called the e mc2 wallet it provides users with full access to their funds and can be used remotely with a smartphone in terms of funding einsteinium makes use of a service called EMC to me that is designed to help raise money for worthy scientific projects in an easy hassle-free manner key offerings of einsteinium include we this is a social Wow nice name this is a social media platform where they built a messenger in a data sharing protocol it allows users to give each other gifts in the form of native token currencies which can later be redeemed for gifts as well as online services a debit card is coming down the pipe in the near future customers will have the ability to fully functional debit cards that can be used to hold EMC two tokens and facilitate daily transactions all payments can be processed in real time compatibility einsteinium makes use of an API that is fully compatible with programming languages such as nodejs c-sharp java and a PHP oh nice as a result businesses can easily adopt this currency without having to change their governance frameworks or learn a new coding language for that matter like solidity why the hell would you learn that another one is for you e mc2 is a marketplace designed to make the exchange of digital goods easy and convenient for customers through the use of EMC 2 tokens well how does understand iam work in order to select projects worthy of funding the einsteinium platform makes use of a specialized epochs nice name epoch s-- within its proof of work consensus in the most basic sense we can think of an epoch as the amount of time it takes a miners to build a 36,000 blocks on einsteinium public ledger the period has been found to be somewhere in the vicinity of 26 days and once an epoch is completed all the proceeds are directly funneled up to the Associated research project that's nice so in a lot of ways the miners help support the research additionally the einsteinium community has voting rights when it comes to ascertaining the potential of particular projects and research cases in all there will be a total of 730 epochs that are available to miners to make use of each time the network moves towards a new epoch the reward yield gradually diminishes and the number of coins offered by each reward decreases at this point it should be mentioned that they were mole event if these guys are going all out with all this EMC stuff guys wormhole event is einsteinium distinct contribution to the existing a proof-of-work model to further elaborate on this phenomenon we can see that it is randomized but through the use of statistical data it has been found to occur once within each epoch it lasts for a total of 180 blocks and during this time there are many rewards that can be mined oh it's like it's like an easter egg it's like a happy surprise guys a very happy supplies about einsteinium according to the official company website I'm standing was launched all the way back in 2014 oh really really I don't remember hearing about in 2014 2015 is when I first heard of einsteinium I didn't know it's been that been around that long however the project started to gain momentum into 2017 when the einsteinium foundation was officially launched yes I've talked about that Jonathan Lau's year is one of the projects board members and also takes care of the financial side of things he's a computer science has been in the crypto domain for over five years now Maldini TRIF who Novick is the company's chairman he describes himself as a serial entrepreneur and prior to heading EMC to was in charge of consulting business for over a decade according to his online pile Malden has a master's degree in microprocessor design and has been a C++ developer since the age of fourteen not too shabby lastly Daniel John serves as a project chief strategist he holds a bachelor's degree from Gettysburg College and has been a crypto enthusiast from the very start in addition to his work at einsteinium he is also the CFO of phl Bitcoin a company behind the first BTC ATM launched in Philadelphia in terms of the token performance history while the currency remained under the radar for the first couple of years after its release EMC two tokens have picked up a lot of steam within the past couple of months which you can find on coin puffs calm as is clear from the chart above the tokens price started peaking on January 2018 and rose as high as two dollars and 55 cents since its value has stabilized it currently stands at forty three cents on the dollar final thoughts well with einsteinium promising to help promote scientific innovation and development it is a good mod it has good monetary potential in the upcoming future if investors would like to purchase EMC two tokens they can do so by visiting vetrix polonius or crypto Pia well guys once again as a big supporter of scientific endeavors I think it's important that the blockchain community finally get into supporting new scientific adventures and experiments an EMC or rather einsteinium could be the answer for it the question is is isn't worth Envisat worth investing in is it worth mining you guys let me know in the Bitcoin dot pub or in the comment section below why you think einsteinium could be a fantastic mechanism to well providing the right scientific endeavors the right amount of funding the question is are we going to be funding LESBIAN underwater basket-weaving studies oh you haven't heard about that you haven't heard about the CDC funding these types of studies that are literally as ridiculous as that you best do your homework guys you bet do your homework & smash the like button I got it wrong guys it was the study at the CDC was I think it was two million dollars to study why lesbians are generally overweight guys is this work is this where you want your tax money to go every sin research study into wine lesbians are generally overweight I think I might have got that wrong if you're offended let me know
