Blockchain Bitcoin Cryptocurrency Online Frequently Asked Questions

F.A.Q.

What is EDC Blockchain?

EDC Blockchain is a multifunctional blockchain platform that provides tokenization capabilities for small and medium businesses, functionality for fast and anonymous transactions, innovative solutions for loyalty programs and project scaling. 

What is EDC Blockchain used for?

Our goal is to create effective tools for the tokenization of private small and medium businesses and the global popularization of blockchain technology. One of the flagship products offered by the platform is a built-in coin constructor. Projects that have used the coin constructor can get the service of listing on partner exchanges, full marketing support of the project, advertising services, and promotion. EDC Blockchain team consists of professionals with extensive experience in crypto technology, marketing and advertising with broad connections in the blockchain industry.   

What are the advantages of EDC Blockchain?

● Instant transactions using Graphene technology;
● Using the LPoS (Leased-Proof-of-Steak) consensus algorithm helps create high network reliability by involving all holders regardless of their steak;
● The ability to receive bonus accruals by leasing your coins to a masternode;
● The ability to create coins and tokens for small and medium businesses with the help of a coin constructor;
● EDC Blockchain is actively introducing advanced technologies and makes blockchain-based products available to everyone!

What technology does EDC Blockchain use?

EDC Blockchain uses the Graphene technology, which makes it possible to conduct up to 100,000 transactions per second, as well as to work with several tokens simultaneously, while a new block is formed every 3 seconds.

What is a coin constructor based on EDC blockchain?

With the help of a built-in coin constructor, you can create new coins, from a simple token for a small trade turnover to a full-fledged cryptocurrency with enhanced features and PoS mining algorithm. With the EDC Blockchain platform, you can tokenize and run businesses, develop startups and create new high-tech projects. To do this, you do not need any more powerful computing hardware and advanced programming knowledge, as a special code will reliably protect your digital assets, while free access to the currency will be provided with a "client" and a wallet. Assets created on an EDC blockchain can be traded or stored as permanent assets.

What are ready-made package solutions for creating a cryptocurrency?

The platform offers users ready-made package solutions for creating a cryptocurrency. Depending on your budget, you can choose one of the following packages: Basic, Plus or Premium.

Basic. You can create a coin, give it a symbol and a description. The characteristics included in this package make it possible to create a nominal token or a token for a small turnover.
Plus. It gives you the opportunity to change the emission number, premine and set the characteristics of the coin, such as the symbol and description.
Premium. You will have the opportunity to create a full-fledged cryptocurrency with the PoS mining algorithm, fully configure all the characteristics, as well as set all the necessary parameters! This is an advanced solution for serious projects.

Why was the LPoS algorithm chosen?

The EDC Blockchain uses a hybrid consensus algorithm LPoS (Leased Proof-of-Stake). This consensus mechanism has its significant advantages over other known algorithms used to confirm blockchain transactions. It involves all users regardless of their steak in the work on network protection and security, distributing remuneration fairly: everyone gets his bonus in proportion to the number of the coins transferred to the masternode. This is a great opportunity for even small coin holders to receive bonuses in a stable way. The essence of the algorithm is that smaller coin holders rent their coins to full-fledged nodes, due to which nodes form a new block faster. The commission that the masternodes receive is evenly distributed among all users who have leased their coins. In this way, all coin holders are combined into masternodes, while all-new EDC coins are issued thanks to the network's bonus rewards.   

How can I participate in an EDC leasing program?

To participate in the EDC leasing, it is necessary to donate coins to the masternode, which collects a large pool of coins. The masternode will receive coins and automatically distribute bonuses among users in proportion to their contribution. You can choose your own leasing program with a duration of 3, 6 or 12 months.

What is a masternode?

Masternode is a kind of pool in which users lease their coins, thus allowing the node to confirm transactions and form new blocks. For the node to become a masternode, it must collect a certain number of coins, which will be fixed for a certain period of time. The entire new issue of EDC coins consists of bonus charges received by the masternode in the form of commission. What does it look like? The masternode is a networked computer with an EDC wallet running on it, which records the number of coins and creates network security by performing such important functions as instant confirmation of InstantSend transactions and ensuring voting in the network. The first masternode is formed with the help of the coins sent in leasing, the coins are fixed for different terms - from 3 to 12 months - respectively, there will be different bonus accruals for the number of coins in leasing, depending on the lease term. Everyone can organize his or her own pool and become a masternode holder. Especially for our users, we have opened an opportunity to place several sets of coins in leasing with different duration. We simplify the leasing process for you as much as possible: by leasing coins, you do not need to keep your personal account open and conduct daily transactions. You will automatically receive daily bonuses to your EDC wallet and manage them freely.

Where does the EDC bonus coin apply?

EDC (Every Day Coin) is an everyday coin that gives users access to the company's products and its all additional features. The EDC coin can be used for receiving leasing rewards, as a tool for conducting loyalty promotions, bonus programs, gift certificates, bonus payments, as well as can be exchanged for goods and services on the partner ECRO marketplace.

What is the emission of the EDC coin?

The number of issued EDC coins is limited to 100 billion units. The last EDC coin will be produced on January 1, 2040. To maintain a stable exchange rate value and a natural deficit of EDC coins, a burning mechanism has been implemented on the platform. The burning process reduces the number of EDC coins by removing a certain amount of coins from circulation. This creates conditions for shortage of the coin in the market, as well as reduces inflation.

What opportunities does the EDC coin offer in the real economy?

More than 1.2 million EDC wallets are registered in Latin America, Africa, Europe, and Asia. Integration of EDC coins will be implemented in numerous retail outlets around the world, including the partner marketplace ECRO, a self-contained platform for exchanging goods and services using Blockchain technology and artificial intelligence.

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