Decentralized eco-friendly cryptocurrency EDRCoin has launched at Blockchain.mn. It is based on the US-Dollar rate, 1EDRC is equal to $1, and can be used for internet shopping, virtual game payments and for the transaction of goods and services in any country. Based of PoS method, EDRC uses Skrypt function for hashing.
A chief spokespersons from EDRCoin stated: “We are glad to announce the launch of our latest cryptocurrency EDRC which is going to add a new positive dimension to the world of money. The advanced decentralized crypto currency is themed on a green mining principle that banks on sustainable energy-efficient policies for generating money. While the regular cryptocurrencies unmindfully destroy the earth’s ecology with their mining operations, EDRC is careful about protection of natural resources. Our unique technology takes to utilization of alternate energy like solar panels and we make sure to leave no carbon footprint on Mother Nature.”
Philanthropist and business tycoon Charles Chen partnered up with long-term IT entrepreneur Marco A. Fernandez to develop and co-found EDRC. The main objective behind EDRC is the creation of a general-purpose payment system and steady exchange rate, themed on USA-Dollar rate, whilst focussing on an environmentally friendly and sustainable system. EDRC’s operations are carried out in collaboration with independent private farms situated in different parts of the globe. 7 percent of the income generated from EDRC system would be utilized for the restoration of mangrove forests in Asia and the development of new solar panels.
The EDRCoin spokesperson continued: “Our developers have considered the issue of hacking attacks common with POW-based existent digital money and addressed all such flaws with the new advanced EDRC. Our cutting edge crypto currency assures complete credibility and solid protection from any external attack, theft or hacking invasions. To ensure complete security, user’s personal and financial data would be kept private.”
EDRC mining is ongoing and would supposedly complete by 31st December, 2017, with the release of around 22 million coins. EDRCoins will be available for trading shortly on every popular exchange platform.
The spokesperson concluded: “As our PoS system capitalizes on the users owning coins to validate the transactions, one transaction per day would be rewarded by an increment of 0.35 percent of the wallet-total. EDRCoins are immaterial & follows a purely mathematical approach that works with digital code. EDRC is the best thing from the contemporary financial world. Join the EDRC community now for a welcome change in the perception of money”