EVERY DAY COIN AND ITS SIGNIFICANCE

INTRODUCTION

It is a blockchain platform that aims to develop businesses through crypto-economics. EDC places a huge focus on medium sized businesses and start-ups. The EDC blockchain creates new opportunities every day with a safe and fast token system. With over 4.9 billion coins already in circulation, it proposes a fast business revolution. The protection and security of the assets on the blockchain is ensured by the users. Without any form of prejudice or preference, all coin owners are given opportunities to shares and bonuses. The participation and stimulation by network members is encouraged with incentives, bonuses and low commission fees. For more info, check the EDC website @ https://blockchain.mn/

EDC

The blockchain utilizes the Bitshares 2.0 technology on an open source platform called Graphene. The nature of the platform makes it operate like a consensus to validate data or state of the network. With impressive frequency of block creation, low commission fee, it remains one of the fastest growing utility coins. It generates revenue from the commission on transactions and coin constructor service. It has a constant commission fee of 0.00 EDC for tokens by ‘Coin constructor’. The blockchain utilizes the leased proof of stake (LPOS) algorithm for its operation and mining. For more info, check the EDC website @ https://blockchain.mn/

REVIEW
The blockchain ensures that the assets are on user control and they can be made permanent or traded on partner’s exchange. It focuses on small coin owners with ease of conversion from small tokens to full-fledged cryptocurrency. Every coin owner can mine through master nodes which requires up to 100 million coins, despite the 100 billion coin limit. The master node incorporates the EDC wallet and “clients” to provide network security and services like InstantSend transaction or network voting.

PROBLEM
In blockchains, the security of digital assets has always been a problem even while in the domain of the users.
A lot of blockchains require very powerful computing technology to secure the network and digital assets. For more info, check the EDC website @ https://blockchain.mn/

SOLUTION
EDC blockchain provides protection to digital assets with special codes without restricting the access to the currency or assets. The easy access to the resources of the blockchain by users is secured by ensuring counter party risk.
This blockchain allows coin burning where coins are made unusable by sending a portion of the coin to an ‘eater address’. The revenue generated from services go through this process to show long term commitment to coin holders. By burning the coins, more value is added to the coins as a result of the lack of supply.
Provision of package solutions for creating cryptocurrency. It includes the basic, plus or premium, each with different costing and features.

CONCLUSION
The EDC blockchain is one that allows users to trade their coins, easily and conveniently. The relevance of the EDC is growing throughout the world as it gives coin owners a chance to own their cryptocurrency. It features a program where users follow the operations of the network in real time with instant send transactions. This amongst other features ensures a great level of transparency as users are in control. The long term focus is on the creation of its own decentralized exchange.For more info, check the EDC website @ https://blockchain.mn/

Bitcoin talk username -- marketer100

Project ---Use, opportunities, prospects of using EDC coins in real life.