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    • simpsons_support (OP)
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    August 28, 2020, 01:34:20 PM
     #541




    EDC Blockchain Successfully Updated

    Dear users!

    We have successfully completed final testing as part of the denomination process. As a result, the blockchain nodes software was updated as planned.

    The technical denomination operation took place on August 28th, 17:00 (UTC +8), as a result of which all market balances, including Total Supply, were divided by 1000.

    We are currently awaiting updates to the functionality of partner exchanges, after which the EDC coin will be available for deposit, withdrawal and exchange for all users. The trading start date will be announced on the official EDC Blockchain website and on social media.

    Stay tuned!











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  • simpsons_support (OP)
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    August 31, 2020, 12:51:40 PM
     #542




    EDC Coin Trading Starts on Bit-Z

    Dear users!

    We are pleased to announce the launch of trading with EDC paired with BTC on the Bit-Z exchange! Trading starts on September 1st, 2020, 15:00 (UTC +8). Deposits and withdrawals are available from August 31st, 2020, 18:00 (UTC +8).

    For our part, we carried out the planned updates of the blockchain nodes and successfully completed the denomination operation in the framework of the anti-crisis program. We envisage that the denomination of the EDC coin and the start of trading at a new price will give a new impetus to the development of both the coin and the EDC Blockchain project. Now the further growth of the EDC coin will depend on the users themselves, who decide not to sell coins, but to raise bonuses by leasing their coins to masternodes in their accounts.

    After updating its functionality, the Bit-Z exchange has announced the resumption of trading with EDC. The exchange of the coin on other partner exchanges will start right after the technical updates of the exchanges.

    Stay with us and follow the news!











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  • simpsons_support (OP)
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    September 02, 2020, 08:41:27 AM
     #543




    EDC Coin Trading Starts On Digifinex!

    Dear users!

    We inform you about the start of trading with the EDC coin on the Digifinex exchange on September 2nd, 2020. Trading will be available with the EDC/BTC cryptocurrency pair.

    Deposit/withdrawal: September 1st, 2020, 20:00 (GMT +8)
    Trading start: September 2nd, 2020, 16:30 (GMT +8)

    As a result of the EDC coin denomination operation, all balances in the market, including the total supply, were divided by 1000 to create a coin shortage on the market and maintain a stable value of the coin. The total capitalization remains unchanged.

    Due to this, all partner exchanges should update their functionality to launch trading with the coin at a new price.

    Be with us and stay updated!











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  • whaleridingperson
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    September 06, 2020, 05:51:47 PM
     #544
    They did it. I did tell you what would happen as a direct result of the EDC team and their actions. Every few weeks it is another idiotic idea with poor execution.

    Let's have a recap of my previous post to the EDC team at the end of July

    Quote
    And ALL of them are closed off to new leasing. They are all full. And you have not produced additional masternodes.

    It's been 9 weeks now, time for a recap

    EDC team and leaders implement the EDC20 token, they mess around with different coin to token exchange rates. EVERYONE holding EDC suddenly loses 90% of their value. Now you cannot lease the coins. You cannot convert tokens to coins or coins to tokens anymore.

    Now they are begging people to donate for exchange listings, after they just devalued your coins by 90%. Without yobit this is dead in the water.

    Where do we stand now after yet another update?

    The coin is now dead in the water. Previously you lost 90% of your value and money you had invested in this coin after the EDC coin to EDC token clown show. $5 becomes 50c. Let's say you had 2000 coins a day before August 28th, you now receive only 2 coins a day due to the denomination. Those 2 coins are worth a staggering $0.05 each. If you had paid $0.005 per coin for 2000 EDC. Your $10 is now worth $0.10.

    How are we doing for exchanges? 

    Badly. EDC team hyped up 3 low volume exchanges that require full documentation. No one is going to be doing that and you can clearly see it in the EDC statistics. I'm sure many people hoped the price would increase by x1000 to compensate for the denomination. Others knew better and have seen the EDC team do this time and time again.

    EDC team needs to fix their drama with the yobit team and get the coin trading there again. It is the only hope to increase the volume and the price.

    You still cannot lease because they are all closed and full. If you ask people not to sell and to lease, at least remove the stupidly high minimum requirements and actually open up the masternodes.



    You can trace the destruction all the way back to the EDC team thinking they no longer needed Yobit and were a big player in the cryptocurrency market. A Yobit listing makes or breaks this coin.

  • simpsons_support (OP)
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    September 07, 2020, 10:19:46 AM
     #545




    Decentralized Development Strategy for the EDC Blockchain Project

    Dear friends, we present you a roadmap for the long-term development of the EDC Blockchain project. We have developed our strategic vision, and the team is working on the creation of new blockchain tools for entrepreneurs and partners.

    In the preliminary version of the main decentralized EDC Blockchain network, test nodes are already being deployed and connected to the blockchain, after which the decentralized network will be launched, and each of the participants can become a validator, receiving rewards for the work of the nodes. Thus, we will move away from centralization, while the project will depend only on the collective decision of the validators, who will become equal participants in the network. Further actions of the team will be performed in priority order.

    Check out the project roadmap:
    1. Adding a partner program to the EDC wallet
    2. Adding ranks to the wallet
    3. Implementation of a coin burning mechanism in the wallet and a counter to track the burning of coins, applied to increase the rank
    4. Changing the transaction fee depending on the user’s rank
    5. Affiliate distribution of the staked amounts
    6. Affiliate distribution of burnt coins
    7. Creation of DeFi securing the EDC20 token
    8. Enabling the decentralized exchange of the EDC20 token for the EDC coin
    9. Listing EDC20 on Uniswap and implementation of other exchange protocols
    10. Creation of DeFi securing the EDC coin
    11. Creation of Smart Contracts on the basis of EDC Blockchain
    12. Creation of the DeFi protocol based on EDC Blockchain. EDC is a tool for securing tokens and coins created on the EDC blockchain through the DeFi mechanism
    13. Application of the EDC coins as a means of payment in the exchange of goods and services

    We will keep you updated with details of upcoming releases and long-term goals. You can send your suggestions to the EDC Blockchain technical support.

    Be with us and follow the news!











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  • simpsons_support (OP)
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    September 09, 2020, 10:06:07 AM
     #546




    EDC Coin Available for Exchange on P2PB2B

    Dear participants, after the successful completion of the denomination operation, trading with the EDC coin will start on the P2PB2B exchange at a new price. P2PB2B has technically revamped its site to allow users to conduct transactions with EDC.
    Available cryptocurrency pairs: EDC/BTC.

    We previously reported on the launch of trading with EDC on other partner exchanges, such as Bit-Z and Digifinex. Here you can find all the official exchanges where you can buy EDC coins and start trading.

    Thanks for your support! Stay with us!











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  • kikiyo
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    September 10, 2020, 11:09:18 AM
     #547

    I still remember when CO EDC talked about EDC prices being traded at a fixed rate. then for some reason the EDC price dropped dramatically then disappeared and appeared again with a different name from EDINAR to EDC BLOCKCHAIN  Grin Grin Grin
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               ██              		AVE.COM | BRANDNEW CRYPTO
    ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀.. CASINO & BETTING PLATFORM
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    █▄▄▄    		🚘.$150,000.
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  • simpsons_support (OP)
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    September 11, 2020, 10:18:17 AM
     #548




    EDC Switching to Decentralized Blockchain

    We are in the midst of large-scale changes affecting all areas of activity, including blockchain. You need to change and adapt to new conditions in order to keep up with the times and benefit from it, as well as grow and develop.

    Problem

    Companies or individuals own most of the projects, making them centralized. This approach has a number of disadvantages, the main one of which is that decisions are made by a limited group of people, without being able to influence them from other participants. When all the processes in the system are under the control of a small number of people, they simply do not have enough time or intellectual resources to make all the decisions that contribute to the successful development of the project. Developers make decisions to simplify the processes occurring in the system, introduce additional restrictions, while the system loses its freedom, becoming less efficient for all participants.


    Solution

    There is an urgent need to create a decentralized impenetrable network, where all participants can take part in the development of the project, become validators and vote for certain decisions.

    The current goal of EDC Blockchain is to create a decentralized public blockchain platform by bringing in independent validators to support the network.

    On the decentralized EDC Blockchain platform, there will be no main server to manage all the information. All participants in the EDC blockchain will be the owners of the data in this network and will have equal rights. All transactions will be carried out directly between them.


    How is EDC switching to a decentralized approach?

    The transition of EDC Blockchain to a decentralized blockchain will take place in two stages.

    At the first stage, each member of the EDC blockchain will be able to deploy a node and become one of the validators. Validators are rewarded for deploying the EDC Blockchain nodes on their servers and processing operations (block confirmation). The need to check operations by system validators makes it possible to conduct only legitimate transactions.

    At the second stage, the transition to the public blockchain will take place. After verifying the operation of the nodes of the first validators and voting by the decision-making committee to include their nodes in the blockchain, users will be able to vote and make decisions on the platform, while continuing to receive rewards for the operation of their nodes and EDC mining.

    Subsequently, with each update of the blockchain, all updates will be coordinated with partners.


    How to deploy an EDC Blockchain node

    To deploy an EDC blockchain node to your server, you need to download the provided source files for node deployment and follow the instructions given the server specifications.

    After that, in the first step, you will need to apply to be added to the network and burn a certain amount of EDC coins as a node deployment fee. After verifying that the node is configured correctly, the existing committee members will vote to add the new node to the blockchain.

    The file download repository link will be publicly available to anyone who wants to participate in supporting the network, increasing the efficiency of the entire EDC Blockchain platform. Stay tuned for the link and the terms of the node deployment.


    Benefits of a decentralized blockchain

    * The operation of the decentralized EDC blockchain is based on the Delegated Proof-of-Stake consensus algorithm. This algorithm ensures high network reliability due to participation in the management of validators that support the operation of the entire blockchain, and does not require a single server.
    * All data of the decentralized blockchain is publicly available, while its deletion or modification is excluded, which guarantees the transparency of all transactions.
    * The decentralized approach allows the blockchain to be supplemented with new blockchains ad infinitum, thereby scaling the network.
    * The incentive to work in the network for each of the validators is the reward for confirming blocks in the blockchain. This is how coins are issued.
    * The decentralized model uses the intellectual resources of most people to make decisions, making them more efficient in any case.


    What is EDC Blockchain

    It is a multi-featured decentralized blockchain platform that provides entrepreneurs with blockchain tools and access to partner projects. The main feature of the platform is the EDC bonus coin for conducting loyalty campaigns for customers and the ability to create your coins or tokens using the EDC Blockchain constructor. All this allows small and medium-sized business entrepreneurs to launch startups, develop and scale their business or projects, attract a new audience, and implement their capabilities in the field of blockchain and digital technologies.

    We are creating a decentralized system so that every member can vote on important issues and participate in the development of the EDC blockchain, creating a financial incentive through which node owners are rewarded for maintaining the network. This approach is the most optimal solution that our large community is striving for, and which leads to the extremely positive development of EDC Blockchain.

    Join our project and subscribe to our social networks such as Telegram, Facebook, and Twitter to find out further information about the development!











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  • kikiyo
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    September 12, 2020, 10:51:51 AM
     #549
    Quote from: simpsons_support on September 11, 2020, 10:18:17 AM




    EDC Switching to Decentralized Blockchain

    We are in the midst of large-scale changes affecting all areas of activity, including blockchain. You need to change and adapt to new conditions in order to keep up with the times and benefit from it, as well as grow and develop.

    Problem

    Companies or individuals own most of the projects, making them centralized. This approach has a number of disadvantages, the main one of which is that decisions are made by a limited group of people, without being able to influence them from other participants. When all the processes in the system are under the control of a small number of people, they simply do not have enough time or intellectual resources to make all the decisions that contribute to the successful development of the project. Developers make decisions to simplify the processes occurring in the system, introduce additional restrictions, while the system loses its freedom, becoming less efficient for all participants.


    Solution

    There is an urgent need to create a decentralized impenetrable network, where all participants can take part in the development of the project, become validators and vote for certain decisions.

    The current goal of EDC Blockchain is to create a decentralized public blockchain platform by bringing in independent validators to support the network.

    On the decentralized EDC Blockchain platform, there will be no main server to manage all the information. All participants in the EDC blockchain will be the owners of the data in this network and will have equal rights. All transactions will be carried out directly between them.


    How is EDC switching to a decentralized approach?

    The transition of EDC Blockchain to a decentralized blockchain will take place in two stages.

    At the first stage, each member of the EDC blockchain will be able to deploy a node and become one of the validators. Validators are rewarded for deploying the EDC Blockchain nodes on their servers and processing operations (block confirmation). The need to check operations by system validators makes it possible to conduct only legitimate transactions.

    At the second stage, the transition to the public blockchain will take place. After verifying the operation of the nodes of the first validators and voting by the decision-making committee to include their nodes in the blockchain, users will be able to vote and make decisions on the platform, while continuing to receive rewards for the operation of their nodes and EDC mining.

    Subsequently, with each update of the blockchain, all updates will be coordinated with partners.


    How to deploy an EDC Blockchain node

    To deploy an EDC blockchain node to your server, you need to download the provided source files for node deployment and follow the instructions given the server specifications.

    After that, in the first step, you will need to apply to be added to the network and burn a certain amount of EDC coins as a node deployment fee. After verifying that the node is configured correctly, the existing committee members will vote to add the new node to the blockchain.

    The file download repository link will be publicly available to anyone who wants to participate in supporting the network, increasing the efficiency of the entire EDC Blockchain platform. Stay tuned for the link and the terms of the node deployment.


    Benefits of a decentralized blockchain

    * The operation of the decentralized EDC blockchain is based on the Delegated Proof-of-Stake consensus algorithm. This algorithm ensures high network reliability due to participation in the management of validators that support the operation of the entire blockchain, and does not require a single server.
    * All data of the decentralized blockchain is publicly available, while its deletion or modification is excluded, which guarantees the transparency of all transactions.
    * The decentralized approach allows the blockchain to be supplemented with new blockchains ad infinitum, thereby scaling the network.
    * The incentive to work in the network for each of the validators is the reward for confirming blocks in the blockchain. This is how coins are issued.
    * The decentralized model uses the intellectual resources of most people to make decisions, making them more efficient in any case.


    What is EDC Blockchain

    It is a multi-featured decentralized blockchain platform that provides entrepreneurs with blockchain tools and access to partner projects. The main feature of the platform is the EDC bonus coin for conducting loyalty campaigns for customers and the ability to create your coins or tokens using the EDC Blockchain constructor. All this allows small and medium-sized business entrepreneurs to launch startups, develop and scale their business or projects, attract a new audience, and implement their capabilities in the field of blockchain and digital technologies.

    We are creating a decentralized system so that every member can vote on important issues and participate in the development of the EDC blockchain, creating a financial incentive through which node owners are rewarded for maintaining the network. This approach is the most optimal solution that our large community is striving for, and which leads to the extremely positive development of EDC Blockchain.

    Join our project and subscribe to our social networks such as Telegram, Facebook, and Twitter to find out further information about the development!











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    Do you still remember your first word? what was the fate of edinar holders in the past? I just hope that dev does not make edinar as money game,and it would be true to be a great coin not just in Indonesian
    quote from : https://www.gatra.com/detail/news/441566/teknologi/e-dinar-coin-diperdagangkan-dengan-fix-rate
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               ██              		AVE.COM | BRANDNEW CRYPTO
    ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀.. CASINO & BETTING PLATFORM
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  • simpsons_support (OP)
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    September 15, 2020, 12:30:19 PM
     #550




    EDC Coin Has Listed on Exrates

    The EDC bonus utility coin has been successfully listed on the Exrates exchange, which is included in the TOP-100 exchange platforms on the Coinmarketcap analytical site.

    Trading with the EDC/BTC cryptocurrency pair will begin tomorrow, September 16th, 17:00 (GMT + 8 ).

    Exrates is ranked 57th among the most popular exchanges on coinmarketcap.com.

    Exrates provides 150 cryptocurrency pairs, supporting fiat currencies. The daily trading volume exceeds USD 50 million (4,962 BTC). The exchange provides a high level of security for all users by automatically protecting funds from DDoS attacks,  as well as by creating daily backups and providing a simple 2FA function.

    EDC Blockchain plans to expand the list of liquid exchanges to create a conducive environment for EDC trading and establish business partnerships to help the project grow. Due to the transition of the EDC Blockchain platform to a decentralized blockchain, each participant has the right to vote to include the EDC coin in the listing of any of the offered exchanges. Send your suggestions to EDC Blockchain support.












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    September 17, 2020, 02:36:57 PM
     #551




    Weekly News Digest

    Dear EDC Blockchain users, here is an overview of the project's major technical highlights.


    Implementing User Ranks

    Our IT specialists are integrating the visual part of the platform with the user rank module. The rank will be calculated taking into account the coins burned by the user. A user may or may not have a rank, depending on their activity.

    Transaction fees will change upon reaching a rank, so no fees will be charged when reaching the maximum rank.

    The introduction of the rank module will allow users to strive to achieve the highest rank in order to be able to deploy their nodes in the EDC decentralized blockchain and become a validator, receiving a reward for the operation of their node.


    Development of a mechanism for the transition to global decentralization

    After we have made the decision to switch to a decentralized blockchain in two stages, we are announcing the launch of the first stage. At this point, we started developing a Witness Accounts module that allows users to deploy their own nodes and be able to be added to the list of witness accounts. Witness accounts will validate blocks, providing additional rewards to their owners.

    This step is required so that users can configure nodes to validate blocks on their servers. We will also validate the nodes so that users can make decisions about future blockchain changes and updates.

    A link with instructions on how to deploy a node will be published for all EDC Blockchain users who have reached Rank 3, who want to become validators and receive rewards for their work.


    EDC Blockchain after successful denomination

    Two weeks ago, we successfully completed a denomination operation for the EDC coin, as a result of which all market balances were divided by 1000, while the total capitalization remained unchanged. We are seeing positive changes in the development of the project such as:

    * Creating a shortage of coins in the market and increasing demand for a coin. As a result of the denomination, the maximum coin supply was reduced to 100 million coins.
    * ROI has been increased.





    * Increasing demand for the coin on exchanges and expanding the list of exchanges offered by users in order to achieve an increase in coin quotes.




    * A project roadmap with an innovative development strategy and tools to increase user loyalty has been published on the site.
    * The functionality of the EDC Blockchain mobile apps for Android and iOS devices, as well as the performance of the web wallet, have been improved for a fast and easy experience.

    Thanks for your support! Stay up-to-date with the current events!










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    September 24, 2020, 05:28:01 AM
     #552

    We remind you that coins can be bought using exchanges and crypto exchangers in the list published on our website.





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    September 28, 2020, 05:05:29 AM
     #553




    EDC Auction: Win Popular Items or More EDCs

    Dear friends, read this article to learn more about the new EDC Auction project. This is the first auction where you can exchange EDC coins for various goods with up to 90% off.

    How it works
    The principle is simple. Go through a short registration process and once your account has been verified, you will be able to access the listed lots, including branded clothing, cool gadgets or household appliances. To take part in the auction, select the item you like and place a bid.

    The duration of the auction is determined by an automatic timer. If your bid is ahead within 20 seconds, you will win the auction.


    How to use internal Bids
    To place a bet, you need to use Bids. You can buy Bids for EDC coins right in your personal account. Fund your EDC account with coins, choose a profitable bidding package and exchange EDC coins for Bids. You can then go to the auction page to place bids and start winning.


    Get your item or 100% cashback in EDCs!
    The winners will have two options for how to get their lot. You can complete the process of purchasing the item, and the administration will contact you to agree on sending the item in any convenient way.

    This way, you can receive an instant payout in EDC equivalent to the amount of the lot you won in the auction. For example, if you won a $1,000 lot, that amount will be converted into EDC coins at the current market rate and credited to your balance.

    You can lease the received coins in your EDC wallet and receive even more bonus coins every day!


    More affiliate bonuses
    EDC Auction will provide a multi-level affiliate program to reward users. Every time your partner buys a bidding package with EDC coins, you receive your percentage of the EDC coins spent. By increasing and developing your structure, your bonus will increase.


    What participants get
    A wide range of popular products will be offered at the lowest prices to help participants make great purchases. Thus, EDC Auction is an alternative project for using EDC bonus utility coins, allowing you to make a profit by purchasing popular items at low prices, or to receive EDC coins from the amount of the item you win.

    Each participant can place an unlimited number of bets, while part of the EDC coins spent on bets will be burned. Thus, we can create both a shortage of EDC coins and demand, as well as conditions for the stabilization of the coin in the face of market volatility.

    In addition, each user will be motivated to be active! By inviting partners to work in a team, you will receive bonuses as motivation: the more active your team, the higher your bonus.

    The launch information will be published in our official sources.

    Subscribe to our Telegram channel and follow the news .











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    October 01, 2020, 03:07:45 PM
     #554




    Enjoy Cryptocurrency Videos on YouTube on a Weekly Basis

    Dear participants!

    We are pleased to announce that we will be releasing video news every Sunday! We will collect the most current information about EDC Blockchain, our partner projects, cryptocurrencies and blockchain technologies, as well as those news that has not been published in the last week!

    We are working on updates, negotiating listings with international exchanges and moving to a new phase of decentralization that will open up more opportunities for holders of both EDC coins and EDC20 tokens! We look forward to mutually beneficial cooperation with each EDC Blockchain participant who is actively developing our project and promoting our social networks.

    Subscribe to our YouTube channel, leave comments and share videos with your others!

    Click the link to subscribe directly. 











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    October 04, 2020, 11:16:36 PM
     #555

    Watch the New EDC Blockchain Video About Cryptocurrency!

    Hello everyone, a new informative video about the main news of the week is available on our YouTube channel!
    Leave comments and put likes on our videos! Your opinion is important to us!

    Subscribe to EDC Blockchain news and stay tuned for weekly updates!








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    October 08, 2020, 07:51:59 AM
    Last edit: October 13, 2020, 03:46:10 PM by simpsons_support
     #556




    EDC Coin Trading Launches on STEX

    Dear users!

    We are pleased to inform you about the listing of the EDC coin on the STEX cryptocurrency exchange. Trading will begin this week with EDC/BTC and EDC/USDT pairs. Details of the exact time will be published on our social networks.

    About STEX

    Over 300,000 users are registered on the European STEX exchange, who exchange more than 400 cryptocurrencies and 400+ cryptocurrency pairs daily. The daily volume of the exchange exceeds $28 million USD, according to Coinmarketcap.



    STEX is in the TOP-100 exchanges on Coinmarketcap.



    Convenient mobile applications are available for smartphone users. You can download the app for your iOS or Android device from the site and start making deposits with EDC.




    Benefits for traders

    STEX complies with European standards for the exchange of cryptocurrencies, has a user-friendly interface and allows you to buy cryptocurrency using a bank card after you have been verified.




    Traders can choose the order mode: normal, focusing on the market price, or “stop-limit”, which allows buying a currency only at a certain price. By choosing “stop-limit”, you can specify any price: as soon as another user executes your order, the deal will be closed and you will receive money.

    Safety

    The exchange provides users with a high level of security, including 2FA, mail encryption, and web authentication using a security key.

    EDC Blockchain strives to create all the necessary conditions for the increase of the coin’s price and better accessibility for both partners and traders.

    Register on the exchange and start fast and safe trading at https://www.STEX.com










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    October 12, 2020, 12:00:00 PM
     #557


    Video News Digest

    Hello to all users of EDC and other cryptocurrencies! A new video overview of the main weekly news has already been published on our YouTube channel!

    In this episode, you will learn statistics on the use of blockchain and DeFi technologies by British enterprises, about the plans of the American immigration service to track cryptocurrency transactions, hacked exchange Kucoin back to business, the conditions required for the launch of the cryptocurrency by the European Central Bank, and other news.

    Read also the latest news in our blog: https://blockchain.mn/news.

    Subscribe to the EDC Blockchain YouTube channel and share your opinion in the comments!








    via https://blockchain.mn

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    October 13, 2020, 03:43:31 PM
     #558




    Start Trading with EDC Coin on STEX

    Good news for all traders! The EDC coin has been added to the European STEX.com exchange.

    Starting from October 13th, 2020, 22:00 (GMT +8), you can transfer your coins to the exchange account.

    From October 14th, 2020, 15:00 (GMT +8), two cryptocurrency pairs such as EDC/BTC and EDC/USDT will be available for trading.

    STEX is among the TOP-100 of the best trading platforms on Coinmarketcap. Listing on proven international platforms provides additional opportunities for traders and helps increase the liquidity of the EDC coin.

    Register and start trading more efficiently on the official exchange at https://www.stex.com/











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    October 16, 2020, 08:39:35 AM
     #559




    Opportunities for Witness Accounts, Reduced Commissions for Reaching Ranks and Updates in the Wallet

    Dear participants!

    We inform you that EDC Blockchain follows the published roadmap and completes the planned technical processes to switch to the next level of publicity and decentralization of the blockchain.

    The process is carried out in several stages, during which the following functionality is being introduced to increase user activity:
    * Deploying a witness node to receive rewards for the operation of nodes;
    * Distribution of fees for user transactions in the blockchain;
    * Introduction of ranks and reduction of commissions;
    * A coin burning tool for increasing rank;
    * Mobile wallet update to include ranks.

    Rewards for witness accounts

    We have completed the development of the witness accounts module and are preparing the functionality for the release. A reward module for witness accounts for block confirmation and distribution of user fees for transactions in the blockchain is currently being tested.

    Upon completion of testing, users will be able to deploy their nodes on the EDC blockchain, thereby keeping it running. As a reward, each witness account will receive accruals for each block signed by their node and an interest of the system transaction fees made by all accounts.


    Opportunities for obtaining ranks

    A rank module has been developed that allows users to increase their rank by burning coins. What does the achievement of rank provide?
    * The commission for transfers of funds decreases with each increase in rank. There is no commission upon reaching the highest rank;
    * Upon reaching Rank 3, the user can deploy a witness node and take part in supporting the blockchain.
    The functionality will become available in the EDC wallet for each user after testing. The amount of the commissions for each of the ranks, as well as the amount needed to obtain the corresponding rank will be announced before the launch of the rank mechanism.


    Burning coins

    A coin-burner tool is available on the EDC Blockchain platform, to which users send any number of coins to withdraw them from circulation. The burning mechanism provides a shortage of EDC coins and maintains the stability of the coin. You can check the burnt coins data in the EDC Blockchain Explorer.

    How will the coin burn mechanism be optimized?

    * Users will be able to burn their coins by sending them to a coin-burner account to increase their rank and become a witness account, as well as to reduce transaction fees;
    * A counter to track the volume of burned coins to increase rank will be implemented in the EDC Blockchain wallet.



    At the time of writing, users have burned over 8bn coins. Source: EDC Blockchain Explorer


    Wallet updates

    An update for mobile versions of Android/iOS wallets is being prepared, which will include the ability to get ranks. We are making changes to the fees calculation module, the amount of which will depend on a particular rank.

    Thank you for being with us. Follow the news so you don't miss the releases!










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    October 19, 2020, 07:35:13 AM
     #560




    EDC Coin Trading Resumes on Coinbene

    Dear users!

    We inform you that EDC coin trading will be resumed on the Coinbene exchange. The coin with the ticker “EDC” will become available after the completion of the technical work on listing on the exchange. You will be able to exchange the EDC coin paired with Bitcoin (EDC/BTC).

    Note. The ERC-20 token will not be available for trading. All users must withdraw tokens from the Coinbene exchange during the period of October 16th, 2020 - October 30th, 2020. EDC Blockchain is not responsible if the tokens are not withdrawn within the specified period.

    All users can exchange their tokens for EDC coins in their personal EDC Blockchain wallet in the “Exchange” section for further coin trading on the exchange.

    In addition, we will inform you about the start of trading.
    Sign up on Coinbene to start a secure exchange with EDC coins at https://www.coinbene.com/










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