Review of EDC Blockchain
By: Veranika Nika
Tags: Marketplace, Blockchain, Cryptocurrency, Wallet

What does EDC Blockchain do? Who does need such services?

Now it is important for every cryptocurrency to create its own ecosystem. The appearence of smart contracts made it possible to create own applications on a single blockchain. Decentralization makes it possible to safely store the large amounts of information, to create various applications. The information stored in the blockchain cannot be changed.

Existing blockchains with smart contracts such as Ethereum have faced with scalability problems when new applications interfere the work of already existing applications. As a result, the overall productivity of the entire network slows down. In addition to the slow operation, there are the following problems: limited use of tokens, a complex token programming that requires a special knowledge, vulnerabilities of tokens that can affect the overall security of the network.

Technology does not stand at one spot. Different developers offer their own solutions to existing problems. The EDC Blockchain team carefully analyzed all existing developments and created its own blockchain based on BitShares 2.0 Graphene technology. This technology provides the highest level of performance at the moment, which allows to create the large-scale applications with a large number of users on the EDC Blockchain platform. Each application is created on a separate blockchain. At the same time, even the most powerful application does not affect to the overall operation of the network and does not slow it down. The technology used allows to make payments in the network at a speed of 100 000 operations per second.

The second problem is the complexity of creating your own applications. Within the existing blockchains, the knowledge of special programming languages is required to create an application. EDC Blockchain has developed a modular blockchain system and its own constructor that allows to create applications without having special knowledge from flexible modules, customizing the applications for own needs.

Constructor of the blockchain allows EDC to issue tokens for public sales of tokens and to tokenize the existing assets. It allows to create a cryptocurrency that you can mine with the PoS mining algorithm.

With a holistic ecosystem and 1 million users, EDC blockchain provides marketing services to promote startups located on the platform.

What has already been done?

We have already created our own wallet that supports EDC tokens. In the future, it will be a multi-currency wallet connected to the exchange.

EDC Blockchain uses the LPoS mining algorithm, which allows EDC holders to send a part of the tokens not involved in circulation to the leasing program, earning money on EDC storage. Thus, EDC holders are interested in storage of EDC, not sale, as they receive additional profit for storage.

Income from the leasing program is accrued on a daily basis. Their size depends on the lease term: 3 months — 8% per month (0.27% per day), 6 months — 10% per month (0.33% per day), 12 months — 12% per month (0.4% per day). From the wallet EDC holders can transfer EDC to the leasing program.

To promote the project and the growth of the community, an affiliate program is provided. The unique referral link of the user can be found in the wallet.

In the wallet there is a coin constructor, in which, by choosing a special plan and paying for it, you can create your own application with a coin or token on the blockchain.

Plans for future

Now EDC wallet is available only in the web version. In the future, it is planned to create a wallet for various operating systems and mobile devices.

Now it is possible to create applications within the EDC blockchain. In the future, it is planned to develop a global blockchain constructor, which, using a unique modular EDC Blockchain system, allows to create applications on any existing blockchain.

It is planned to launch its own exchange and connect it with the wallet.

The plans provide for the creation of a platform for the public sale of tokens to attract investment in crypto startups.

The EDC blockchain platform will launch a global marketplace for the needs of the community.

Links:

Website: https://blockchain.mn/ru

Wallet: https://blockchain.mn/ru/wallets-ru/

Blockchain: https://explorer.blockchain.mn/

Leasing program: https://explorer.blockchain.mn/rich-list

Bounty campaign: https://bitcointalk.org/index.php?topic=5143869

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