EDC Blockchain is a decentralized blockchain platform designed to provide solutions to small and medium-sized businesses. EDC is a reliable network using delegated proof-of-stake (DPoS) consensus mechanism involving validators. DPoS is used as an alternative to the Proof-of-Work mechanism and is the democratic way to reach consensus by allowing users to stake coins to elect delegates who validate the next block. These validators are rewarded for processing transactions on the network and are responsible for maintaining and managing the entire blockchain ecosystem.
EDC blockchain allows users to stake their coins and earn staking rewards in return. Users can stake any amount of coins and receive daily rewards. The platform also has a multifunctional crypto wallet that can manage users’ coins and enable users to use the other features on the platform anywhere in the world.
Following are some of the benefits offered by the EDC wallet;
EDC also referred to as 'every day coin,' is the native utility coin of the EDC blockchain platform. The coin is used in various loyalty programs created by the entrepreneurs for their target audiences, mainly for promotional purposes, to offer discounts or cash back to the customers, and for paying bonuses to the employees. Customers can utilize the coins to pay for HoReCa bills( hotels, restaurants, and cafes).
The platform uses a coin-burning mechanism to maintain the coin value and provide a more stable price floor. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burnt to reduce availability and increase market value. EDC platform burns in various ways, like;
