Hello everyone who decided to take a little time to read this article. I would be glad to hear your opinion about the project and discuss it in the comments.
This review will focus on the Edgecoin coin. Edgecoin is an educational stable coin. The purpose of this coin is to provide an open payment system that links the entire educational sector into a single infrastructure. With the help of a token, the entire financial part related to payments works. In particular, the opportunity is provided to make transactions and pay for everything that is paid within the education ecosystem. For example, entrance fees, tuition fees, accommodation, educational literature, and technical documentation. This is a convenient decentralized application, users will appreciate the whole prospect of this payment structure because it is dominated by many improved options, which positively distinguishes it from the traditional system of financial processes.
The education ecosystem currently needs a stable digital coin, like many other areas of the economy. Edgecoin was released and developed by the well-known company L.A. Asset Management Ltd with the participation of Gisrah University. In the document provided by the organizations, all the main functions are clearly and described, as well as the benefits of using the coin, from which the education sector will only benefit. With the help of blockchain technology, Edgecoin will allow you to competently regulate assets, with a guarantee of reliability and security.
The digital asset is pegged to the dollar and is a stable coin in the education system. This significantly improves and raises the bar of trust in him as a means of payment. Of course, for the most part, the element of trust prevails here, along with innovative investment instruments that are controlled by certified smart contracts.
VISION OF THE PROJECT
The developed platform system is decentralized and runs on the Stellar blockchain. Has great potential and is consistent with ensuring full transparency, security, and efficiency of the payment system for education.
The structure of the project is based on a decentralized DApp application using a smart contract based on Stellar.
The platform solves several major problems in this area. The concept will allow institutions to receive fast payments without intermediaries. Thanks to the use of Edgecoin, reliability, speed, and security are ensured. As well as low transaction fees, innovation, and data security.
You can follow three simple steps to register on the platform:
1. Registration on the platform and passing KYC
2. After completing the KYC process, you will receive EDGT coins. 1: 1 USD
3. Now you have access to all payments related to education and you can make any network transactions
An important advantage is the choice of the project, that is, the Stellar blockchain. It is distinguished from other systems by its speed (5 seconds on average), low cost of commission (0.00001 XLM), and security. And also the company will conduct periodic independent audits to confirm the dollar balance.
The developers have provided several security functions in the system:
Offline key. Designed to confirm high-risk transactions. Stored offline in cold storage.
Hardware security (HSM). Generation, storage, and management.
Digital signatures. Signers dual control.
Temporary lockout is a grace period for security checks.
An autonomous mechanism designed to prevent all potential risks. The upgrade capabilities provide security for high-risk transactions.
TOKENOMICS
Edgecoin (EDGT) has its Gradecoin token (GRTC). This is a fuel token, it will be generated about the EDGT ten billion. Provided for various payments in percentages and represents the control of network resources. There is also the possibility of staking up to 5% per annum.
GRTC is like its own Edgecoin token and performs intermediary services, for example, to pay transaction fees.
P.S
Edgecoin works with various firms around the world to comply with financial laws and guarantee transparency in trading. The platform constantly monitors, assesses risks, to prevent fraud.
