Why EDC is rated the best Blockchain; A comparative analysis

By Petoz | I'm welcome on board! | 13 Jun 2019


Introduction

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My first reaction to the news of EDC blockchain was ''that is too good to be true!'' I couldn't imagine a blockchain that posses great qualities and yet simple to interact with, versertile and could serve as real means of investment. When I made a due diligence to conduct personal research and practically interact with EDC blockchain to see if what I read was true, I found out that everything is true.

Having interacted with various blockchains, I will be making a comparative analysis between EDC blockchain and some well known blockchains and we can all draw the inference.


On a general note, blockchain technology has really revolutionized our world based on the practical solution it offers especially in the financial technology (fintech) industry. It has many advantages such as its transparency ledger view which makes all transaction details viewable and could serve as practical solution to the problem of money laundering. Also, the security that the blockchain offer is next to none. One can be sure that datas stored on the blockchain are well secured. In addition, cryptocurrency minned through the blockchain technology is effective for intercontinental transactions.

Comparative analysing of blockchains

Speed and number of transaction per second

Bitcoin blockchain is regarded as the most popular and mother of all the blockchains can only process twelve transactions per second. 12-TPS and it takes average of ten minutes to confirm a transaction.
Ethereum which is also a popular blockchain and boasts of many projects launched on it processes an average of thirty transactions per second 30-TPS and takes average of fifteen seconds to confirm a transaction.
EDC blockchain which a new and innovative blockchain improved upon the limitations of all the available blockchains and thereby surpasses them. EDC blockchain processes and average of one hundred thousand transactions in a second 100,000 -TPS and confirms a transaction in second. What an amazing difference! This makes EDC the fastest and the most efficient of all blockchains.

Proof Consensus/ Blockchain Algorithm

Blockchains like Bitcoin, Bitcoin Cash use Proof-of-Work (PoW) which is the first algorithm to be used on the blockchain in mining cryptocurrency. The disadvantages of this algorithm is that it requires lots of energy to carry out. Mining of Bitcoin consumes high electric power and the speed of transaction is very slow. It also means that only the rich and those who are learned in the mining skills can be engaged.

Ethereum blockchain is an improvement on the existing blockchain that make use of Proof of Work. Ethereum uses Proof-of-Stake (PoS). The advantage of Proof-of-Stake is that it does not consume power energy as much as in Proof of Work algorithm and has higher speed of transaction processing. But the disadvantage of this algorithm is that, it gives credence to owners of large number of Masternodes who can do mining and add blocks to the blockchain and receive rewards. In this consensus, rewards are distributed to token holders according to their holdings. The challenge is that, there is required amount of tokens that must be held by a user before being qualified to be a master node owner and be eligible for reward. So, if you don't have the where withal, you cannot mine with proof of stake Algorithm.


EDC blockchain uses the (LPoS) Leasing Proof of Stake consensus. This algorithm is a great improvement on the existing blockchains which uses Proof of Work (PoS) and proof of stake (PoS). In this algorithm, transactions are confirmed as some volume of tokens are locked up in the Masternodes and it distributes block rewards according to the stake that is released by each wallet.
EDC blockchain is a great improvement on all other existed blockchains and that makes it the best! 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. Visit the Website

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Blockchain rewards

When it comes to reward distribution on the blockchain, in Bitcoin blockchain for instance, people that engage in mining of the cryptocurrency get rewarded through their activities which is very arduous and require lots of energy and resources to carry out.

Ethereum blockchain requires some minimum amount of stakes to be considered a qualified node owner and be eligible to earn reward from the owned stakes.

The EDC is the most generous blockchain that makes profiting from the blockchain available to all. In EDC blockchain, user can lease as low as 100 EDC tokens. Though the latest news I received is that the minimum amount of leased
token has been upgraded to 1000 EDC which is around $5 at current market value.
This is the only blockchain that gives room for everyone to earn reward through leasing which makes EDC to be the best blockchain ever!
Break down of leasing;
3 months - 8%. (0.27% / day)
6 months - 10% (0.33% / day)
12 months - 12% (0.4% / day)
Click here for leasing351665157-9d37d49d12444253e9ff0a11fd34d8719f3b65859df5ba0238fd843a8305571e.jpeg


User-friendly

There is no blockchain yet invented that is as user-friendly as EDC. It makes the interface to be so easy for users to interact with. For example, the wallet addresses of other blockchains like Bitcoin and Ethereum which is always long mixture of letters and numbers generated by the network which must be carefully written and jealously kept because it must not be mistaken to avoid lost of fund. But when it come to EDC blockchain, the wallet address is chosen by the user and is just mixture of letters and numbers the user can easily remember and that solves the problem of lost of fund. For instance, my wallet address is petox34. The network generated wallet address is optional on EDC blockchain. Open EDC Blockchain Wallet through this Link

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Environmental-friendy

The mining Algorithm of EDC blockchain is eco-friendly because it does not require high energy to mine like Bitcoin blockchain through complex computer calculation which have adverse effect on the ecosystem. EDC blockchain only require leasing of token that are locked by the master nodes to confirm transactions

Market Place Concept
EDC blockchain has a great market place concept in which businesses can be easily tokenized. EDC makes it possible for the blockchain to be easily adopted in the market place through its algorithm which makes business people to buy EDC token lease it to make much profits without being Geeks or being able to engage in mining of cryptocurrency as it is required on other blockchains.

Moreover, it is also very easy to generate token on the EDC blockchain because it does not require much technical knowledge unlike other blockchains that requires intense computer knowledge. The token generation starts from the dashboard. Start the process of your token generation today: https://blockchain.mn

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ECROFUND
EDC blockchain has a market place concept known as ECROFUND which is an innovation that gives the opportunity to the society at large to lease to master nodes and earn passive income.
The news of the EDC blockchain is spreading like wide fire all around the world through the ECROFUND.
A seminar was held in Lagos, Nigeria on 5th of June, 2019 which gathered developers, community leaders and businessmen who have interest in the tokenization of their business with the help of EDC blockchain. Moreover, the entire Asia is about to be permeated with ECROFUND through the ready personnel from India.
Various seminars and meetings with entrepreneurs in different regions of the world such as Turkey, Latin America, the CIS and Asia are coming on the way.


Upcoming Developments

Cryptocurrency check; EDC blockchain is coming up with a development that will make holders of EDC tokens to be able to issue checks to other people to enable them receive tokens just like what is obtained in the conventional banks which has not been done by any other blockchain that I know.

Anonymous transfer system; EDC blockchain is also working on complete anonymous transfer system whereby users can send and receive token without the identity of both the sender and receiver been revealed. This is another feature that sets EDC above every other blockchains.

Conclusion

From the aforementioned analysis, it is crystal clear that EDC blockchain is the most improved upon and best blockchain we currently have around. It would be a nice decision to join the moving train and not miss out in this action on the blockchain.

For Further Information

Website: https://blockchain.mn/
Whitepaper: Whitepaper:https://blockchain.mn/wp-content/themes/blockchain/EDC_Blockchain-presentation_(EN).pdf
Facebook:https://www.facebook.com/EDCBlockchain/
Twitter:https://twitter.com/EDCBlockchain
Telegram Channel:https://t.me/EDCBlockchain

Bitcointalk profile:https://bitcointalk.org/index.php?action=profile;u=2338476;sa=summary

EDC Blockchain wallet: petox34

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Petoz
Petoz

I am passionate educator and public speaker who loves to give hope to the hopeless


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