Last years, in the world, it is difficult to find that sphere where the cryptocurrency would not reach. The popularity and relevance of cryptocurrency makes you think about ways and technologies that will make it accessible to ordinary people. Today for consideration a global interesting project EDC Blockchain . So, let's take a closer look at the project, analyze whether there is a market for what the startup offers and the market need for their product. Let us find out how the project corresponds to the concept of blockchain technology.
EDC Blockchain is a multifunctional blockchain system aimed at creating a convenient business environment for both a simple man in the street and various companies, you can mining using the LPoS algorithm . Now you do not need to spend money on expensive computer power. It is enough to run the masternod and you will get profit from the first day.
(LPoS) Leased Proof-of-Stake. This is the latest method of crypto mining which is a combination of (PoS)Proof-of-Stake and (PoSe)Proof of Service in short, (PoS)Proof-of-Stake + (PoSe) Proof of Service = (LPoS) Leased Proof-of-Stake. In this process, anyone can earn EDC coin by leasing their coin to a supernode no need to worry about your coin holding and no need to buy expensive Masternode. After you lease your coins they will not go anywhere it will get frozen for the period you decided to lease.
The essence of LPoS is that virtually all members of the EDC community can participate in mining. Therefore, you simply give the coin in lysine. They will freeze for a period of 3.6 or 12 months, and thus it will ensure the stable operation of the masternod with less turnover of funds. For example, in DPoS, you can withdraw funds at any time, but this can lead to collusion, which will put the work of the masternod. Here, such a scenario is excluded. But profit in the EDC will still be charged, despite the freezing.
Or you can create your own master. Which certainly requires a lot of effort from the miner. At least your server for uninterrupted access to the network. And also collect a sufficient amount of time. Here you can use the help of other holders of the crypto currency EDC and lend your coins to them.
Since there are so many types of the algorithm to mining crypto so why EDC Blockchain choose Leased Proof-of-Stake (LPoS) algorithm to go with? If this question striking into your mind then let me tell you as Leased Proof-of-Stake (LPoS) is the upgraded version of POS(Proof Of Stake) so it has more benefits than POS(Proof Of Stake) and of course than POW(Proof Of Work).
EDC Blockchain uses Leased Proof-of-Stake (LPoS) algorithm mainly because of two points that make EDC Blockchain different from others. Let's discuss all the benefits of Leased Proof-of-Stake (LPoS) algorithm-
As this is an upgraded version of POS(Proof Of Stake) so it consumes less computing power than POW(Proof Of Work).
The main and important point EDC Blockchain uses LPoS algorithm because LPoS algorithm gives you the opportunity to participate in mining by leasing your coins to a masternode and receive bonuses. So all investor can earn a passive income no need to hold a huge amount of coins and no need to invest huge money to buy a masternode. Is it not good?
Leasing is safe as the coins never actually leave your wallet. The users can discontinue leasing with a click of a button and just wait for the cancel lease transaction to go through, The only thing to consider when leasing is choosing the right node operator, as the operator's node may work with different efficiency and send back a different percentage of income.
All the feature on EDC Blockchain is so simple to use and leasing your coins can be done within a minute all you need to hold minimum 1000 EDC coins to be eligible for leasing which is very cheap and you have to follow below steps to lease your coins,You can stop leasing at any moment you want the only thing you need to consider when leasing is choosing the right node operator, as the operator’s node may work with different efficiency and send back a different percentage of the reward.
Summing up the EDC Blockchain project, it is possible to come to one simple conclusion that there are not a small number of opportunities for the correct use of the platform, and many users cannot but be interested in the project. After all, you can earn not only through the creation of high-quality applications, but also through leasing and mining. The same coin has already proved good and is trading at coinmarketcap at a price of $ 0.004. And while the price is not large, there is a good opportunity to go right now, for those who are considering this project for cooperation on a long-term basis.
EDC coin mining features
The basis of EDC mining is based on the LPoS or Leasing Proof of Stake algorithm (leasing is evidence of a stake). With this algorithm, all EDC coin holders are combined into special nodes (nodes), which are also called masternody. Operations in such nodes are handled by the largest nodes - the users with the most coins. Thus, a common repository of EDC leasing coins is formed, which can be used on the network by other users. All holders whose coins will be controlled by the master network will receive a guaranteed profit. It usually varies: 20% –30%, depending on the leasing conditions and the size of the deposit.
Let's find out what services the EDC Blockchain platform offers :
1 Working with digital assets . It is possible to issue and manage new tokens, store, make trading activities.
2 Multicurrency wallet. On the platform there is a fast, secure, convenient, functional multi-currency wallet.
3 Packet solutions for creating digital currency on blockchain . It is widely used for business tokenization, investment attraction, payment for goods and services, for payment services.
4 Marketing support projects . Creation and promotion of content, work with advertising channels.
5 Development of blockchain projects . It is possible to develop and implement smart contracts for any necessary requirements.
We reviewed the surface EDC Blockchain platform ( https://blockchain.mn/). You can learn more about the details of the project, its structure, the functionality of a mobile multi-currency wallet, the possibilities of easy and convenient mining, the constructor of tokens, you can on the pages of the site and well-written, detailed Whitepaper .
The project forms a whole ecosystem of various products. It is soon planned to launch its own cryptocurrency exchange and the opening of a crowdfunding platform on which developing projects will be able to receive investments.
and the project is completely open to its audience. You will always be helped to solve the problems and simply answer the questions you are interested in.
With these and many other things, EDC blockchain has earned respect among its users, and their coin is still liquid on many well-known cryptocurrency exchanges.
As LPoS helps all investor to earn some passive income then more people will go for it. I also thinking to lease some EDC COINS and in the future, an article will be released where I will tell you how much profit you can get by leasing your EDC coins. This project has a great future.
Website: https://blockchain.mn/
🔗 White Paper: https://blockchain.mn/wp-content/themes/blockchain/EDC_Blockchain-presentation_ (EN) .pdf
Twitter: https://twitter.com/ EDCBlockchain
🔗 Facebook: https://www.facebook.com/EDCBlockchain/
🔗 Telegram: https://t.me/EDCBlockchain
ANN Thread: https://bitcointalk.org/index.php?topic=5135189
🔗 YouTube: https://www.youtube.com/channel/UCdkt4HSObcdnSU4CrqZqgig
🔗 LinkedIn: https://www.linkedin.com/company/EDCBlockchain
Instagram: https://www.instagram.com/EDC.Blockchain
