Decentralized Finance or commonly known as DeFi has become a hot topic discussed in the blockchain world around the world, and DeFi coin Indonesia is no exception. Basically, DeFi is a system that aims to provide open and transparent financial services.
Interestingly, DeFi offers an advantage where individuals and institutions can take advantage of wider access to financial applications without the need for a third-party intermediary.
In general, DeFi is an attempt to decentralize core traditional financial use cases such as trading, lending, investing, wealth management, payments and insurance on the blockchain.
In fact, DeFi makes it easy for everyone who previously did not have access to banking or financial services. With this technology, costs can be minimized and everyone on low incomes can also benefit from a wider range of financial services.
The backbone of all DeFi protocols and applications are “ smart contracts ”, which are small applications stored in ledgers that are run by multiple computers in a distributed network.
The advantage of smart contracts is their high level of security, where this technology guarantees deterministic execution ( deterministic execution ) and allows any resulting state changes to be verified by anyone. Smart contracts are known to be highly transparent and have minimal risk of manipulation and intervention.

What is Edgecoin?

In more detail, Edgecoin ( https://www.edgecoinpay.com/ ) is the first education currency in the world to provide an open payment system for educational institutions where people can make safe, fast and reliable education related transactions through decentralization, a stable and reliable application that will work at Internet speeds while making full use of the educational infrastructure.

How does it work?

Edgecoin will work through a mobile application that must be downloaded to then register and become part of the ecosystem. To participate, customers have to go through KYC which will provide greater security and reliability to the platform.

Once KYC is authorized, users will be able to buy/sell Edgecoins through the app and from any Stellar (XLM) address, the network where the platform's own transactions will be determined.
Finally, purchased Edgecoins can be used in a smart way to push payments to the limit.

Why We Build Edgecoin

It takes a village to build a company. From introducing companies to their first investors to helping with hiring and customer leads, each milestone in a company's life often results from the help and guidance of other founders, friends, investors, operators, and advisors. Many of these interactions go unnoticed. As a starting point, we built Edgecoin, a private cryptocurrency ledger that maintains a secure and independently verifiable record of when one of our founders or advisors has signaled when we should spend time with other seed stage founders. The Edgecoin ledger serves as an accounting basis for us, and as an anti-tampering record for Edgecoin holders.

How We Build Edgecoin

For our founders and advisors, Edgecoin is a web wallet, allowing users to spend Edgecoin on transfer of trust — which, today, is a recommendation from a talented company or entrepreneur we should meet. The Edge team schedules meetings with recommended companies within 72 hours of using Edgecoin.

For us, Edgecoin serves as a record of the valuable ways our founders and advisors have helped us, enabling them to participate in the profits of a successful company. It also provides us with a valuable data set to observe how our network interacts, and relate it to various other interesting results.

The Edgecoin codebase forked from Litecoin with a few minor modifications:

Addresses starting with E not L
Transactions require no fees (it's a publicly non-writable blockchain, so there's no need to prevent spam)
Block time is 1 minute
It runs on multiple intermediate Amazon EC2 instances (for redundancy) behind a strict firewall, where only connections from the Edgecoin frontend machine to the RPC port are allowed in. We use Litecoin's account daemon feature to track user addresses, balances, etc. on one of the daemons, but every payment between the two accounts uses the raw transaction protocol to create and broadcast the correct transaction.

Edgecoin's frontend servers handle most of the heavy lifting and business logic that we build on top of the Edgecoin blockchain. Due to the relative frequency (when compared to public blockchains) of Edgecoin transactions, we chose to display a time-ordered feed of transactions rather than blocks on the block explorer home page.

List of Benefits

Instant transaction
Reduce costs
The world's first stable education currency
Apply Gradecoin automatically while holding Edgecoin
Global and secure system

Staking Pool with Gradecoins

The user must connect his wallet via Metamask. Then select the token he wants to deposit in the Edgecoin platform and thus be able to start trading. Once coins are earned (which will be called W-Edge), users will be able to stake imported tokens and be rewarded with Gradecoins automatically. The current main benefit of betting pools within Edgecoin is that it is a very new project that is not yet listed on an exchange, but you can be rewarded for participating in the pool. In addition, because the participation has not been much, the reward % is high, about 34% of Gradecoin.

Tokenomics

Edgecoin ( EDGT ) has a native token called Gradecoin ( GRTC ) which allows intermediate currency settlement between assets and is based on the Stellar network protocol. Gradecoin is a fuel token to exercise control over the resources of the Edgecoin network.

Name:Edgecoin
Abbreviation: EDGT
Token type: Stable coin
EDGT Value: 1 USD
Supply: 10,000,000,000,000 EDGT
Edgecoin: For a More Diverse Network

Edgecoin also helps us expand the network of underrepresented founders who meet our team. As a starting point, in addition to the founders in our network, we are excited to partner with Freada Kapor Klein, founder of the Level Playing Field Institute , and the team at Kapor Capital , to increase access to capital for a wider variety of founders. Freada and the Kapor Capital team will be able to use edgecoin to spawn companies started by underrepresented founders, guaranteeing these founders' direct partner encounters with Edge.

Information:

Whitepaper : Edgecoin_WP
Facebook : https://www.facebook.com/edgecoinpay
Twitter : https://twitter.com/edgecoinpay
Telegram : https://t.me/Edgecoin_chat

Author:

UsernameBTT : mamah67
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2594887
ETH Wallet Address : 0xC8201cadb909b923157e87b904551188a2c76F4b