Advantages of EDC Blockchain private transactions and commission fees
The EDC Blockchain site has been operating on the cryptographic market for almost 5 years. During this time, it has become a client of one million people, and their number continues to grow.
Why did this platform become so popular among the others?
The fact is that the platform provides a range of services, including the possibility of passive income on leasing coins [EDC blockchain] (https://blockchain.mn), a coin constructor that allows each client to create its own currency for solving problems, as well as a low commission fee.
If you want to learn more about the platform and its features, visit the website of the exchange. In this material we will mention a number of advantages that make the platform different from many other platforms. In this case, it concerns the module of private transactions and the commission fee for the transaction.
Private transactions are cryptocurrencies. Advantages of EDC Blockchain
Anyone who's ever heard of a batcoin knows his name, Satoshi Nakamoto. It is still unknown who he is and whether he really exists. It is believed that he is the creator of the Bitcoin protocol. He announced that Bitcoin is anonymous. Many people thought this was about the fact that no one would know who the owner of the coin was.
In fact, this only means that the client has the right not to give personal information about himself when he gets the bitcoins. Nowadays, the vast majority of large cryptocurrency exchanges require their clients not only to provide data about themselves, but also help the authorities to determine the real data about the person through transactions. This is especially true in the United States.
Of course, many people benefit from anonymous transactions. You can keep your investment secret, it's important for someone to keep their business secret, and so on. Although it should be admitted that now it is increasingly used by fraudsters.
The market now offers users a number of cryptocurrencies that are almost completely anonymous and customers can make transfers without fear of being tracked by regulators and authorities. Among the most famous are Monero, Dash, Zcash and others.
On the one hand, this is good, but on the other hand, it has led to an increase in the number of fraudulent transfers. Fraudsters began to use such currencies to move stolen coins from the stock exchange to their wallets. The problem is very topical, but no solution has been found yet.
It is worth mentioning right away that the [EDC blockchain] site (https://blockchain.mn) offers coins that were not originally called private, but clients have the right to use private transactions. At the moment, the commission fee for such a transfer is one hundred EDC coins. This is very small when compared to other sites. In order for the user to be able to use a private transfer, some actions need to be taken.
On the site of the site it is necessary to press the "send" button in order to send money.
Next you need to move the slider next to the inscription: "Anonymous transaction" to the right. After that, the client sees the commission fee for the made private transfer. The fee is 100 EDC.
If you transfer to fiat money it will be equal to 30-35 rubles. When the "Enter name or address" field is filled in, the client can send his funds anonymously
Commission fees for transactions with the most famous cryptocoins: comparison with EDC
Most often, the fees charged by clients for their cryptocurrency transactions are determined by the amount of the transfer. Nevertheless, it is possible to make an analyst and determine the arithmetic mean.
It will display the whole complex of transactions with a particular cryptomonet. We suggest that you review the table that shows all the average transaction fees with some of the best known cryptocurrencies as of mid-August this year. Data provided by BitInfoCharts.com:
For example, the commission for operations with the coin [EDC blockchain] (https://blockchain.mn) is clearly fixed and its value is now equal to 0.001 EDC, and this is indicated in the table.
If we compare this figure with other commissions, we can see that this commission is much lower. This is very attractive for customers, as no one wants to overpay money again, so it gives additional points of popularity to the EDC site.
Web site: https://blockchain.mn/
White Paper: https://blockchain.mn/wp-content/themes/blockchain/EDC_Blockchain-presentation_(EN).pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5135189
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