WHY EDC BLOCKCHAIN IS WORTH KNOWING (Review)

aaaxpress (33)in #crypto • 6 years ago

In the world today, there are many platforms, systems, sectors and industries each with its own unique nature, and this unique nature is what makes it stand out from others. With this in mind, irrespective of the uniqueness of any platform investors, users or customers will still need a kind of "review" before getting involved with that said platform. This is because, it is in this review will the potential users get to know what the platform, system etc is offering thus knowing if it is worthy of investing or not.

In simple terms, a review can be said to mean a careful examination on any platform which takes into cognisance what the platform is all about, what it aims to solve, what it's offering etc.

With this in mind, in the blockchain space today, after the advent of the blockchain 1.0 that is Bitcoin blockchain which uses PoW (Proof-of-Work) algorithm many other blockchains follows suit with the aim of solving one problem or the other. These other blockchains include Ethereum, Litecoin etc using the same algorithm (PoW) as Bitcoin while others like Peercoin uses PoS (Proof-of-Stake) and among all these blockchains, is EDC blockchain which believes there is more to offer to the world other than being just a blockchain platform.

WHY EDC BLOCKCHAIN IS WORTH KNOWING (Review)

EDC blockchain is a global platform which has been in the crypto space since 2015 with over 1,000,000 active users while having its own cryptocurrency thus, providing ready-made and reliable blockchain solutions for businesses. These services include multi-currency wallet, marketing support for projects etc.
Within EDC blockchain is a protocol based on BitShares 2.0 Graphene; this protocol is the reason why within EDC blockchain new blocks are formed every 3 seconds while the blockchain can work with many tokens, at the same time offering up to 100,000 TPS (Transactions Per Second).
Like earlier stated, EDC believes there is more to offer humans than a blockchain platform thus developing its platform to be a multi-functional and high-performance platform, duly built to satisfy the need of many users and businesses. For businesses, whether upcoming or existing, EDC will offer them amazing packages which will help to scale them globally, this is a process which is come to be known as tokenization.
To achieve this tokenization process, EDC created a "coins constructor" within its blockchain, thus making it possible for businesses to create their preferred token by mare request, which can either be a simple token or a mineable token using LPoS (Leased Proof-of-Stake) algorithm.
In addition, this will save businesses the cost of paying external expertise while the created token will be listed on EDC partner exchanges.
Just like earlier stated, most blockchains like Bitcoin, Ethereum etc uses PoW algorithm while some such as Peercoin etc uses PoS. Where PoW allows all miners to participate in mining, PoS limits certain miners. On the other hand, where PoW consumes a lot of electricity, PoS consumes little or no energy.
Thus, by banking on the positivity of these algorithms, EDC created a hybrid consensus algorithm known as LPoS which accommodates all users or miners irrespective of their holdings. Thereby when they lease or rent their coins to the masternode, they form a block thereby helping to enhance the security of the network while the users are rewarded according to their contribution. Thus, it can be seen that unlike PoS, EDC accepts all users whether they have a small number of coins or not. To make it more interesting, EDC makes it possible for mining to take place once users have successfully rent their coins.

CONCLUSION

From the review above, it can be seen that the team behind EDC blockchain aims to create a user-friendly blockchain network which will be suited for the exchange of goods and services on a global scale. In addition to what EDC offers is tokenization of businesses, an easier mining process based on LPoS algorithm etc.