Blockchain Technology and FinTechs The blockchain Technology is cutting edge and revolutionizer in the financial tech industry. Its security is unprecedented as it has proven resistance to all form of brute-force attack and double spending. It has also provided a transparent ledger view which is not known amongst other Fintechs. Pseudo-anonymity is another advantage the blockchain has provided as one can see all transaction details of funds sent but one cannot determine the identity of the sender or receiver. The blockchain technology and cryptocurrency are effective for cross-border transactions. Blockchain Flaw One major flaw that the blockchain has been facing since forever is scalability. Bitcoin known as the father of all cryptocurrency can only process 12 transactions per second- TPS while Ethereum processes around 14Tps, this is awfully lower than what VISA processes in a second. If the blockchain will prove to be a truly first class innovation as it is viewed it has to deal with scalability issues. Developers are not resting, every day, there are innovations to deal with this problem effectively. There are blockchain techs springing up which have dealt with scalability challenges of the blockchain among other problems. One of these EDC blockchain. EDC processes 100,000 transactions per second.  EDC seeks to proffer solution to the basic challenges of the blockchain while giving all –both rich and poor the opportunity to earn through its consensus algorithm. The EDC blockchain is also making it very easy for anyone to tokenize assets or launch start-ups as it promises to give full support to all tokens created on its platform. PoC Consensus  EDC blockchain uses the Leasing Proof of Stake- LPoS consensus. This is like an upgrade of the proof of stake- PoS, as transactions are confirmed as a certain volume of tokens, are locked up in wallets (Masternodes). The algorithm also distributes block rewards according to the stake that is held by each wallet. In a PoS consensus token holders are rewarded according to their holding. Usually, there is a minimum amount of tokens that can be held by a user before they are qualified to be a master node and eligible for the holder’s reward. In an LPoS consensus, an opportunity is given to everyone. Users with a lower number of tokens can lease their holding to master nodes and earn a daily reward for the period of their leasing. On EDC blockchain, users can lease as low as 100EDC tokens (worth 0.48-0.50$ at the time of writing) to get a 0.4% daily reward if one is leasing for a year. The developers opined that everybody should be given the privilege to participate and earn in a blockchain consensus. Sadly most blockchains today only the reward the rich and the tech geeks. For Blockchains 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. Though there are Bitcoin mining farms that allow people to invest funds to give them daily returns, there are non with minimum allowable investment as low as that of EDC blockchain. Leasing on the EDC blockchain brings returns even when their wallet is offline. All benefits of the LPoS consensus mentioned above are apart from the fact that PoS is eco-friendly, as it doesn't require mining as in the PoW blockchains like Bitcoin. To mining Bitcoin and other PoW algorithm blockchains, computers have to do complex calculations which require a lot of energy thus of an adverse effect on the environment. PoS (LPoS) only requires master nodes to lock a number of tokens in wallets to validate transactions. EDC blockchain explorer can be found here. |
Operational Efficiency Tokenization improves operational efficiency of businesses by reducing cost of operations and accelerating enterprise processes via automation. Since the underlying technology of EDC blockchain can handle as high as 100,000 TPS, user-issued tokens also directly benefit from this performance thus meeting the specific needs of coin creators. Facility to Innovate Whether physical or intangible assets, users can leverage Coin Constructor to harness new opportunities in the blockchain industry and unlock new financial innovations. Businesses and organizations can piggyback on the capabilities of EDC blockchain to drive new initiatives. Opportunity to raise capital for business/project startup If you are in search of an innovative way to raise funds for your business, whether existing or new, from a global audience, then blockchain may be the right path. EDC blockchain empowers users to create cryptocurrency for their business or project, which can be potentially offered to investors around the globe for early buy-in. EDC blockchain plans for the future to provide crowdfunding services for users on its platform. So intending coin and project creators can leverage the name, popularity and global user base of EDC blockchain to successfully launch fundraising for their projects. New Revenue Models EDC Blockchain Coin Constructor exposes users to the multi billion dollar crypto economy. Not only will users be able to create tokens via Coin Constructor, but the platform will as well assist them to list these tokens on partner exchanges thus opening up new revenue streams for coin-issuers. This will help to provide liquidity for the tokens as soon as possible.  |
 | The easiest way to track your coins. Send, receive and exchange coins fast and securely in one place.  |
| Mission We are focused on tokenizing small and medium-sized businesses, introducing blockchain technologies into the real economy, and popularizing the blockchain idea around the world. Goal We are committed to providing the tools to create global loyalty programs to help small and medium-sized entrepreneurs improve their business model, reach new audiences, improve advertising, and boost sales. |
 | Check code. The check code guarantees additional security during transactions. When you use this function, a secret code is generated, while only the recipient of this code can unlock and receive coins. It is used to organize social media contests and promotions to increase engagement, create loyalty programs, pay salaries to employees, and send gift certificates. Red envelope. If the coins are to be distributed among multiple participants, activate the reusable feature called ‘red envelope’, set an expiration date, and pass the generated code to any number of users. They will be able to get coins using only one code. Anonymous transactions. This function for making anonymous transactions is the best choice for those who value privacy when transferring coins. The recipient does not see who the coins come from. |
| EDC Blockchain users have the ability to stake their coins and receive bonuses thanks to the use of the DPoS (Delegated Proof-of-Stake) algorithm. Unlike mining, staking does not require the purchase of expensive equipment and paying much for electricity. An EDC holder can stake any amount of coins and receive daily bonuses set by the system. Upon expiration of the validity period, the amount deposited by the user is returned to their balance. New coins included in the total supply code are being generated through the staking mechanism and issued to users as a bonus for storing coins in the EDC Blockchain system. |
 | Manage your coins efficiently and use the platform's features with the EDC Wallet from anywhere in the world! Wallet Benefits * Convenient storage, sending and receiving coins * Transaction speed up to 5 seconds * 2FA protection * Support for tokens created on the EDC blockchain * Interface custom settings * Up-to-date browser support * Free download from Google Play and AppStore |
 | EDC Blockchain uses a coin burning mechanism to maintain the stability of the coin value and keep its growth pace Coins to burn * Burning 90% transaction fees; * Burning any number of coins provided by users; * Periodic burning, which the EDC Blockchain notifies in advance. The burning process is carried out by sending coins to the burner account, from which it is impossible to withdraw coins ever. |
 | * Create innovative customer loyalty programs and reach your target audience with EDC Blockchain technologies * Exchange EDCs on liquid exchanges and have full control over your coins * Use digital transaction management tools to organize your business, such as check codes, red envelopes, and anonymous transactions * Create your own tokens with the coin constructor * Receive daily bonuses for staking coins |
EDC Blockchain is a decentralized blockchain platform with its EDC coin, providing tools for entrepreneurs of small and medium-sized businesses. By using the DPoS consensus algorithm and involving validators, EDC Blockchain ensures high network reliability for all operations. Validators are rewarded and involved in maintaining and managing the blockchain by creating an EDC Blockchain node on their servers and processing transactions. About Community * 1,300,000 wallets registered * Europe, Asia, Latin America, Africa * Telegram user support 24/7: @edcblockchain1 |
Staking is the process of storing coins to support all transactions on the blockchain. Just stake your coins in the wallet, thereby allowing the system to issue new EDC coins and automatically distribute the reward. The reward is credited the next day after staking is activated. Upon the expiration period, the coins are returned back to the user's balance. |
You can familiarize yourself with the goals of the project by visiting the page https://blockchain.mn/home/ and seeing the current roadmap. |
EDC Blockchain uses Graphene technology, which provides the ability to conduct up to 100,000 transactions per second, work with a few tokens at the same time, create a block every 3 seconds, and gives the opportunity to validators and other active participants to receive rewards. |
EDC Blockchain is a blockchain platform that provides various tools to help entrepreneurs develop small and medium-sized businesses, advanced functionality for conducting transactions, and the ability to receive additional rewards via staking. The EDC blockchain is managed in a decentralized way by attracting independent validators to support the network and provide everyone with the opportunity to participate on equal terms. |
