There is an everyday development of the cryptocurrency economy, a huge significant of this development have been helping the rich in the society with little or nothing as benefit for the poor masses. This said, having a blockchain technology that support the hustle of the poor become of huge importance. To make this a reality the EDC Blockchain come into existence to create a blockchain technology that works for all. The aim of this blockchain technology is to help in the development of any business through blockchain economy.
They seek to help the small scale businesses, medium-scale business or individual entrepreneur activities. It also seek to help public organizations, including charitable and religious organizations and not also forgetting those that engage in hobbies like handicraft, e.t.c.
The blockchain Technology is one good revolutionizer that has help the financial tech industry. The security is unprecedented as it has proven resistance to all form of brute-force attack and double spending. This tech has also provided a transparent ledger view which is not known amongst other Fintechs. Another advantage the blockchain has provided is the ability to hide identity of someone, while been able to see all transaction details of funds sent, one cannot however determine the identity of the sender or receiver. The blockchain technology and cryptocurrency are very effective for cross-border transactions.
This said, there is however more to be done pertaining the aspect of scalability as this has been the major challenges facing the blockchain technology. There is need to work on increasing the amount of transactions per second. The two leading cryptocurrency (bitcoin and ethereum) can both process less than 15 transaction per second. The bitcoin can process just 12 while the ethereum can only process 14Tps. However there are blockchain techs springing up now hoping to deal with scalability challenges of the blockchain among other problems. One of these blockchain tech is the EDC blockchain. The EDC blockchain processes 100,000 transactions per second. This is a very good one and it will go all the way to reduce delay in carrying out activities on the blockchain platform.
As said earlier the EDC blockchain helps to provide solutions to some of the major problem the blockchain is experiencing at the moment, and giving everyone the opportunity to earn. Through this platform one can tokenise asset or lunch start-ups as the platform will give full support to all tokens created on the platform.
On EDC blockchain, users can lease as low as 100EDC tokens to get a 0.4% daily reward if one is leasing for a year. As said in the first paragraph and known most blockchains today only reward the rich and the tech geeks. Even the known blockchain like that of Bitcoin, which uses a Proof of Work consensus, you can only earn if you are rich and can easily understand the processes in mining. For other blockchains that use PoS, running a master node requires a lot of funds. So far the EDC blockchain offers the lowest allowable investment. It is also of note that even when the wallet of EDC is offline you can still earn.
Take note: Members who lease 30,000EDC on ECROfund are eligible for the MLM bonuses to register click here
Knowing the importance of a blockchain decentralised exchange, the group of developers at EDC have begun work on creating a decentralized exchange that will not only rely on its own servers but will give access to assets only to the users themselves, using private keys. Therefore, users will control their personal assets, which
Will make it hack-proof.
At the centralized exchanges, there is a financial center that provides the relationship between buyers and sellers. It receives assets, allows you to exchange them and processes orders, thereby creating counterparty risks.
Read more about EDC on
website
twitter
telegram
facebook
Thanks for reading am tuvic01 on bitcointalk
