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Project website: https://blockchain.mn/
The tightening of legislation in the field of cryptocurrencies, almost universally implemented by different countries, will in the near future lead to the fact that anonymity in cryptocurrencies will become even less.
Many developers are trying to solve the problems of anonymity at different levels and in a variety of ways. In particular, completely anonymous cryptocurrencies appeared, such as Dash and Monero, whose transactions cannot be tracked. The inability to track transactions makes the blockchain of the coin more cumbersome, and working with the coin less comfortable. Another way to anonymity is to use mixers that mix all transactions and do not allow you to track a specific transaction, and, therefore, the owner of the wallet with which this transaction is associated. But the use of mixers has all the disadvantages associated with the use of third-party services and does not guarantee that as a result of mixing transactions, the user will not receive someone else's transaction with a “dirty” history.
What approach does EDC Blockchain use for anonymous transactions?
EDC Blockchain decided to go its own way, on the one hand, to ensure the anonymity of transfers, and, on the other, not to overload the blockchain with anonymous transactions, which in turn will affect the usability of the wallet, the complexity and speed of transaction processing.
Anonymous transactions are optional. That is, any user already independently determines for himself whether he needs more complex and complex anonymous transactions.
Anonymous transaction EDC
Consider the anonymity of EDC blockchain EDC coin transfers. It would seem that cryptocurrencies are anonymous. Users receiving cryptocurrencies are not required to provide personal data. If you mined cryptocurrency through mining, it will be really anonymous. Today, many exchanges require KYC identity verification after registration. This procedure is carried out to confirm the identity of a person on the basis of documents issued by the state. KYC also reduces the risk of fraud. But these rules allow you to associate many cryptocurrency addresses with real personalities. Due to the transparency of the blockchain, you can easily find out how much the owner of one wallet sent to another. The world's first cryptocurrency, Bitcoin, has never been confidential. Bitcoin wallet addresses can be associated with IP addresses and various user information using analytical services. It would seem that cryptocurrencies are decentralized and are not controlled by anyone. But at the same time, many cryptocurrencies lack complete confidentiality, which is a drawback of these cryptocurrencies. In some cases, anonymity of transfers is required, especially when it comes to transferring a large amount of cryptocurrency. The transaction history of large cryptocurrencies is transparent and any user can easily find out the balances of senders and recipients. Transaction information may violate user anonymity. The lack of complete personal privacy has led to the development of anonymous cryptocurrencies. especially when it comes to transferring a large amount of cryptocurrency. The transaction history of large cryptocurrencies is transparent and any user can easily find out the balances of senders and recipients. Transaction information may violate user anonymity. The lack of complete personal privacy has led to the development of anonymous cryptocurrencies. especially when it comes to transferring a large amount of cryptocurrency. The transaction history of large cryptocurrencies is transparent and any user can easily find out the balances of senders and recipients. Transaction information may violate user anonymity. The lack of complete personal privacy has led to the development of anonymous cryptocurrencies.
An anonymous EDC coin transfer has already been implemented on the EDC Blockchain platform . With this transfer of coins, EDC transactions will be completely confidential. The anonymity of such transfers will protect you from scammers. Anonymous EDC coin transfers allow you to hide the connection between the transaction, its sender and recipient. EDC Blockchain Platformallows you to do both anonymous and non-anonymous translations. In order to make an anonymous transfer in your wallet when sending coins, you just need to move the pointer to an anonymous transaction. Anonymous EDC coin transfer is carried out with a commission of 100 EDC coins. Which at today's exchange rate is 0.437 dollars. I would like to note that the commission for anonymous transfers is low, so anyone with a wallet and EDC coins can afford to make an anonymous transfer. Another advantage of anonymous EDC coin transfer is the fixed fee. No matter how many coins you transfer, you will be charged a fee of 100 EDC coins.
Project website: https://blockchain.mn/
How to Solve EDC Blockchain Anonymity Issues
The complexity of anonymous transactions in all existing anonymous cryptocurrencies affects the overall performance and scalability of their blockchain. Anonymity affects the performance of the blockchain and the comfort of working with cryptocurrency.
The EDC Blockchain approaches anonymity in its own way. According to the developers of EDC Blockchain, anonymity is everyone's personal business. Each user of the EDC Blockhain wallet is free to choose how important transaction anonymity is to him. The issue price is 100 EDC. That is how much an anonymous transaction costs.
The anonymity of EDC transfers will go a long way to proffer solution to the challenges many users face and at the same time bring more people into adoption of the blockchain technology. Any user can now transact on the EDC blockchain without any fear of been traced or attacked.
Consider the transaction fee of an EDC coin and compare them with the fees of various cryptocurrencies. We will not consider the commissions of all cryptocurrencies. Consider a few. We take data on the size of commissions from the BitInfoCharts website. Commissions for August 25, 2019 are expressed in dollars. Bitcoin average commission 1.09 dollars. Ethereum - 0.142 dollars. Litecoin - $ 0.0394. Doge 0.0039 dollars. This is followed by cryptocurrencies with lower commissions, the lowest commission at XRP is $ 0.0002.
Project website: https://blockchain.mn/
