Bitcoin Forum
September 17, 2019, 07:36:04 AM *
News: If you like a topic and you see an orange "bump" link, click it. More info.
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 [39] 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 »
  Print  
Author Topic: [ANN] EDC Blockchain - global platform with its own cryptocurrency  (Read 9729 times)
BitMaximum
Copper Member
Newbie
*
Offline Offline

Activity: 446
Merit: 0


View Profile
June 29, 2019, 05:25:28 PM
 #761

When Bitcoin lost a 20% during the day the price of EDC Blockhain raised for 25%. It mean that the price of EDC does not depends from the price of Bitcoin.
The price of any digital asset depends on capitalization, who has more than that and sets the rules. Dominates the Bitcoin market and that is why all other coins depend on it.


Even though the number of cryptocurrencies is growing daily, the bitcoin dominance index is only increasing. A year ago, the bitcoin dominance index was 50%, now 62%.

PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Alexxo
Member
**
Offline Offline

Activity: 336
Merit: 10


View Profile
June 29, 2019, 05:31:55 PM
 #762

When Bitcoin lost a 20% during the day the price of EDC Blockhain raised for 25%. It mean that the price of EDC does not depends from the price of Bitcoin.
The price of any digital asset depends on capitalization, who has more than that and sets the rules. Dominates the Bitcoin market and that is why all other coins depend on it.


Even though the number of cryptocurrencies is growing daily, the bitcoin dominance index is only increasing. A year ago, the bitcoin dominance index was 50%, now 62%.

There are not so many projects that are useful for society and whose tokens are used by users. Therefore, the price of Bitcoin is growing faster than the price of other altcoins.

cryptomia62
Jr. Member
*
Offline Offline

Activity: 98
Merit: 1


View Profile
June 29, 2019, 05:44:53 PM
 #763

Community of EDC Blockhain is actively growing. There are a lot of offline promition of EDC blockain and team doing a lot.
EthereumNova
Newbie
*
Offline Offline

Activity: 40
Merit: 0


View Profile
June 29, 2019, 05:52:25 PM
 #764

Community of EDC Blockhain is actively growing. There are a lot of offline promition of EDC blockain and team doing a lot.

I participate in leasing program and I see how actively developing the community here. For me it is very good that there are a lot of news.
CoffeOfficial
Copper Member
Newbie
*
Offline Offline

Activity: 263
Merit: 0


View Profile
June 29, 2019, 06:22:12 PM
 #765

Community support is needed to develop any project. It is important that people consider the project useful for themselves and actively use its services.

▰▰▰▰▰ ██ ██ ◕ C O F F E ◕ ██ ██ ▰▰▰▰▰
▰▰▰▰▰  █ ◕ Confirmation ◕ Of the ◕ Fact of ◕ Financial ◕ Evaluation █ ▰▰▰▰▰
▰▰▰▰▰  ◕ Facebook ◕ ██ ██ ◕ Telegram ◕   ██ ██ ◕ Medium ◕ ██ ██ ◕ Reddit ◕   ██ ██ ◕ Twitter ◕ ▰▰▰▰▰
flarenial
Newbie
*
Offline Offline

Activity: 114
Merit: 0


View Profile
June 29, 2019, 08:13:56 PM
 #766

When Bitcoin lost a 20% during the day the price of EDC Blockhain raised for 25%. It mean that the price of EDC does not depends from the price of Bitcoin.
The price of any digital asset depends on capitalization, who has more than that and sets the rules. Dominates the Bitcoin market and that is why all other coins depend on it.


Even though the number of cryptocurrencies is growing daily, the bitcoin dominance index is only increasing. A year ago, the bitcoin dominance index was 50%, now 62%.

There is nothing wrong. If users believe in Bitcoin, then it will increase in price, and this will have a positive effect on all other cryptocurrencies.
zoromat
Newbie
*
Offline Offline

Activity: 64
Merit: 0


View Profile
June 29, 2019, 08:38:14 PM
 #767


[cut out]

Now there are a lot of users who have already bought for $ 12,000, so it will be very difficult to roll back the price from 10k.
It's true?  Huh
IMHO the more players in the market buy at highs, the easier the market to collapse. If the market falls, these players will suffer losses. Some of them will want to close their positions, which will further dump the market. The market is arranged in this way.

No one at the moment will not allow to buy bitcoin cheaper. The trend has changed, we stopped falling and entered a new stage.
Milamol
Member
**
Offline Offline

Activity: 672
Merit: 11


View Profile
June 30, 2019, 08:00:30 AM
 #768


No one at the moment will not allow to buy bitcoin cheaper. The trend has changed, we stopped falling and entered a new stage.
Big players are also interested in buying cheap BTC, like everyone else. If someone buys along with the big players, they will take it as an inevitable tribute. There will always be those who determine the intentions of major players.

simpsons_support
Copper Member
Newbie
*
Offline Offline

Activity: 252
Merit: 0


View Profile
June 30, 2019, 12:14:59 PM
 #769




New “Aladdin” in EDC Stickers!


EDC Blockchain designers updated “Aladdin” stickers for Telegram messenger!





Now it's even easier to express your emotions thanks to free EDC-themed stickers!

Communication is one of the most important values ​​in society.

Stickers make your communication in social networks brighter, more emotional and more dynamic. Thus, branded stickers also arouse interest in the EDC Blockchain company!

You can download a set of stickers and install it into your instant messenger by following the link!.




via https://blockchain.mn

gyrygrom
Newbie
*
Offline Offline

Activity: 66
Merit: 0


View Profile
June 30, 2019, 03:50:13 PM
 #770


No one at the moment will not allow to buy bitcoin cheaper. The trend has changed, we stopped falling and entered a new stage.
Big players are also interested in buying cheap BTC, like everyone else. If someone buys along with the big players, they will take it as an inevitable tribute. There will always be those who determine the intentions of major players.
How many traders have so many opinions, for example, I also see no reason at present to lower the price below 10 thousand. But no one really knows how it will be.
acoco
Sr. Member
****
Offline Offline

Activity: 532
Merit: 250


CurioInvest [IEO Live]


View Profile
June 30, 2019, 04:07:55 PM
 #771


No one at the moment will not allow to buy bitcoin cheaper. The trend has changed, we stopped falling and entered a new stage.
Big players are also interested in buying cheap BTC, like everyone else. If someone buys along with the big players, they will take it as an inevitable tribute. There will always be those who determine the intentions of major players.
How many traders have so many opinions, for example, I also see no reason at present to lower the price below 10 thousand. But no one really knows how it will be.
the price will go up to 50 thousand, and then the year will fall, the year of the outset will be on schedule, and then new hai, tutu will be all wedge and everyone will become accustomed, who do not understand, he loses money

                       ░▒▒▒▒▒▒▒▒▒▒▒▒▒░░                                        
              ░░▒▓▓███▓▓░░████████████████▓░                                   
          ░▓▓▓▒██████████░ ███████████████████▒                                
       ░▓██▒░  ███████████▓ ▒███████████████████▓▓▓▓▓████▓▓                    
  ▒▓▓▓██▒     ████████   ▒██░ ██████████▓▒░      █████████████████▓▓▒░         
 ▓█▒░░        ▒▒▓▓▓▓▓▓  ░▒███░ ▓▓▓▒░░   ░░▒▒▓▓███▓▓▓▓▓▓▒▒       ░▒▓███████▓▒░  
 █                                               ░▒▒▓▓██████████▓▒░░░▒▓██████▓█
 █▒  ▒▓▓▒░▒▓█▓▓▓▒▒▒▒░░                                    ░▒▓▓████████▓▓▒░   ▒█
 ░█ ▒████▓  ▒▒░▒▒▓▓▓▓██████████▓▓▓▒▒▒░                            ░▒      ░▓██ 
  ▒███▒▓▓██  ░              ▒░░█████▓▓▓▓██▓▓▒▒▒▒▓▓▓▓▓▒▒░░          ░░ ▓██████▓▓▒
    ▓█▓▓▒▓█▓ ▒              ▒▒▓███  ███████████▓▓█▓░░▒▒░░░  ▓███████▓████████ ▓█
     ░█  ▓██▓▒░░▒▓▓▓▓▓████████▓░   ████▒▒▓▓▓▓██████      ░ ████████▒█████▓▒  ▒█
      ▓▓▓▓████▓▒░░                ▒███ ░███▓█▓▓████░    ▓ ████████▓▓█▓▒    ▓▓▓ 
      ░▓█████▓▒▓██████▓▒░         ▒██▓ ██▒  ██▓▓████    ▒  ░            ▒██▒   
        ░▒         ░▒▓█████████▓▒  ██▒ █▓    ██▒█████    ▒▒▒░░░▒░░░█▓▒▓██▓     
                          ░▒▓█████████ ██    ▓█▒█████▓             ░▓██▓       
                                  ░▒▓█▓ ██ ░▒██░██████▓  ▒▒▒░   ▒▓███▒         
                                      █▓▒▓████░▓████▓ ▓▓▓██████████░           
                                       ▓█▓▓▓▓▓█████▓          ░▒▒              
                                         ▒▓▓██▓▒░                              
                                                                               
|
|

█████████████████████████
██ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ██
██ ███████████▀     ██ ██
██ ██████████▌   ▄▄▄██ ██
██ ██████████   ██████ ██
██ ███████          ██ ██
██ ███████▄▄▄   ▄▄▄▄██ ██
██ ██████████   ██████ ██
██ ██████████   ██████ ██
██ ██████████   ██████ ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

█████████████████████████
██ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ██
██ █████████████▀█████ ██
██ ███ ▀█████▀      ▀█ ██
██ ███     ▀▀      ▐██ ██
██ ███▌            ███ ██
██ ████▌          ▄███ ██
██ ██████       ▄█████ ██
██ ████▄▄▄▄▄▄▄████████ ██
██ ███████████████████ ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

█████████████████████████
██ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ██
██ ████████████▀▀▀████ ██
██ ████████▀▀     ████ ██
██ █████▀    ▄▀  ▐████ ██
██ ██▀     ▄▀    ▐████ ██
██ ████▄▄ █▀     █████ ██
██ ██████ ▄▄█   ▐█████ ██
██ ████████████ ██████ ██
██ ███████████████████ ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
|
Whitepaper
Ann Thread
Bounty Thread
xctgolj
Newbie
*
Offline Offline

Activity: 38
Merit: 0


View Profile
June 30, 2019, 04:45:49 PM
 #772


No one at the moment will not allow to buy bitcoin cheaper. The trend has changed, we stopped falling and entered a new stage.
Big players are also interested in buying cheap BTC, like everyone else. If someone buys along with the big players, they will take it as an inevitable tribute. There will always be those who determine the intentions of major players.
How many traders have so many opinions, for example, I also see no reason at present to lower the price below 10 thousand. But no one really knows how it will be.
the price will go up to 50 thousand, and then the year will fall, the year of the outset will be on schedule, and then new hai, tutu will be all wedge and everyone will become accustomed, who do not understand, he loses money

I would not guess what kind of price it will be in the near future, but the growth trend makes me very happy.
DeepChipolino
Member
**
Offline Offline

Activity: 616
Merit: 11

HiveNet - Distributed Cloud Computing


View Profile
June 30, 2019, 05:49:10 PM
 #773


The correction is inevitable, but I think that it will not be very big. It makes no sense at the moment to lower the price below $ 10k.
By now you are right. BTC has not been corrected below 10K5. But it is quite possible that the BTC may fall below 10K for some time.
Soon the stock market will have a quarterly reporting season. This could trigger new big moves in the crypto market. Hopefully, the correction will end at that time.

CoffeOfficial
Copper Member
Newbie
*
Offline Offline

Activity: 263
Merit: 0


View Profile
June 30, 2019, 07:03:55 PM
 #774


No one at the moment will not allow to buy bitcoin cheaper. The trend has changed, we stopped falling and entered a new stage.
Big players are also interested in buying cheap BTC, like everyone else. If someone buys along with the big players, they will take it as an inevitable tribute. There will always be those who determine the intentions of major players.
How many traders have so many opinions, for example, I also see no reason at present to lower the price below 10 thousand. But no one really knows how it will be.
the price will go up to 50 thousand, and then the year will fall, the year of the outset will be on schedule, and then new hai, tutu will be all wedge and everyone will become accustomed, who do not understand, he loses money

50 thousand will be a very good price  Roll Eyes Roll Eyes Roll Eyes Roll Eyes. But realy the cryptocurrency is very cyclical and aftre growth there is a fall of the prices.

▰▰▰▰▰ ██ ██ ◕ C O F F E ◕ ██ ██ ▰▰▰▰▰
▰▰▰▰▰  █ ◕ Confirmation ◕ Of the ◕ Fact of ◕ Financial ◕ Evaluation █ ▰▰▰▰▰
▰▰▰▰▰  ◕ Facebook ◕ ██ ██ ◕ Telegram ◕   ██ ██ ◕ Medium ◕ ██ ██ ◕ Reddit ◕   ██ ██ ◕ Twitter ◕ ▰▰▰▰▰
cryptomia62
Jr. Member
*
Offline Offline

Activity: 98
Merit: 1


View Profile
June 30, 2019, 07:22:30 PM
 #775

Community support is needed to develop any project. It is important that people consider the project useful for themselves and actively use its services.

Community support the project if this project is usefull for community. EDC Blockchain has very useful leasing program.
zoya2019
Jr. Member
*
Offline Offline

Activity: 89
Merit: 1


View Profile
June 30, 2019, 07:39:03 PM
 #776

In this project I partisipate in leasing program and I like how develops EDC Blockhain. And I like to get a profit BTCBTCBTCBTC.
Enyanha
Member
**
Offline Offline

Activity: 367
Merit: 10


View Profile
June 30, 2019, 07:55:39 PM
 #777

EDC blockchain pays more attention to the development of community and to the work with community and popularization of the project.

▂▅▆▇█ ◕ ◕ ◕ ◕ ◕ ELECTRONIC-OIL ◕ ◕ ◕ ◕ ◕ █▇▆▅▂
▂▅▆▇█ Production and sale of industrial equipment for mining digital currency █▇▆▅▂ 
▂▅▆▇█ ◕ YOUTUBE ◕ ██ ◕  ██ ◕ electronic-oil.com ◕   ██ ◕  ██ ◕ BITCOINTALK ◕ █▇▆▅▂
germsite
Sr. Member
****
Offline Offline

Activity: 884
Merit: 253


simply getting the job done


View Profile
June 30, 2019, 11:05:48 PM
 #778

Community support is needed to develop any project. It is important that people consider the project useful for themselves and actively use its services.
It is essential to have a community backed project. There is an important rule in this industry: For creating demand teams need to promote the project.

That's not an important rule of this industry in specific, but a must for any project that wants to create demand for its products.

     ▄███▌
    ██████
   ██ ▀████       ███
  ██   ████     ██████       ▄▄▄
 █▀    ████    ███████      █████
      ████    ███████      ██████
      ████    ███████     ███████   ███
      ████   ███ ████    ███████   ████
     ████   ███ ████    ███ ████   ████    ▐██▌      ████▄
     ████   ███ ████   ███ ████   ████     ███     ███████   ██   ███▄     ▄▄██
     ████  ███ ████   ███ ████    ████    ████   ███▀  ███  ████▄█████   ████ ▄██    █
    ████  ███  ████  ███ ████    ████    ████   ███▀  ██▀  ██████▀████ ████   ████   █
    ████ ███  ████  ███  ████    ████    ████  ████       ██████  ████████▀   ████ ▄█
    ████ ███  ████ ███  ████    ████   ██████  ████      ██████    ███████     █████▀
   ████ ███   ███████   ████   █████  ██████  ██████▄  ▄██████        ████▄   ███
   ████ ███  ███████   ▐████  ██████████ ███   █████████  ████        █████████▀
   ███████   ██████    ▐██████████████   ███    ▀████▀   ████          █████▀▀
  ███████    █████     ▐██████   ████   ███
  ██████     ▀██▀       ▀████           ███
  ▀████                          █     ███
                                 ██▄  ▄███
                                  ██████▀
                                   ▀▀▀▀

   
THE JOB DONE

 

                   ▄▄████
              ▄▄████████▌
         ▄▄█████████▀███
    ▄▄██████████▀▀ ▄███▌
▄████████████▀▀  ▄█████
▀▀▀███████▀   ▄███████▌
      ██    ▄█████████
       █  ▄██████████▌
       █  ███████████
       █ ██▀ ▀██████▌
       ██▀     ▀████
                 ▀█▌


             ▄████▄▄   ▄
█▄          ██████████▀▄
███        ███████████▀
▐████▄     ██████████▌
▄▄██████▄▄▄▄█████████▌
▀████████████████████
  ▀█████████████████
  ▄▄███████████████
   ▀█████████████▀
    ▄▄█████████▀
▀▀██████████▀
    ▀▀▀▀▀
 

█▄▄              █▄▄
█████▄▄         ██████▄▄
████████       ████████ █
████████ ██   ████████ ██
████████ ███ ████████ ███
████████ ████ ██████ ████
████████ █████ ████ █████
████████ ▀█████ ██ ██████
████████    ▀▀██  ███████
▀███████         ▀███████
   ▀▀███            ▀▀███
       ▀                ▀
 
in
 

  ▄▄                ▄▄
  ████▄  ▄▄▄▄▄▄  ▄████
  ████████████████████
  ████████████████████
 ▄████████████████████▄
 ██████████████████████▌
 ██████████████████████▌
 ██████████████████████▌
 ██████████████████████
  ▀██████████████████▀
    ▀██████████████▀
██▄     ████████
 ▀██    ████████
 

  ▄▄██████████████▄▄
 ██▀▀            ▀▀██
██▌            ▐█▌ ▐██
██     ▄██████▄     ██
██    ██▀    ▀██    ██
██   ▐█▌      ▐█▌   ██
██   ▐█▌      ▐█▌   ██
██    ██▄    ▄██    ██
██     ▀██████▀     ██
██▌                ▐██
 ██▄▄            ▄▄██
  ▀▀██████████████▀▀
 
██▄
█████▄
████████▄
███████████
████████▀
█████▀
██▀
upline
Sr. Member
****
Online Online

Activity: 980
Merit: 286


PRIVATE FEDERATED BLOCKCHAIN


View Profile WWW
July 01, 2019, 05:25:17 AM
 #779

Community support is needed to develop any project. It is important that people consider the project useful for themselves and actively use its services.
In this case, both the project and the people help each other. People help the project to develop, and the project makes people happy with its growth.

¦¦¦¦¦¦¦¦¦¦¯¯________¯¯¦¦¦¦¦¦¦¦¦¦ ¦¦¦¦¦¦¦¦¯¦_¦¦¦¦¦¦¦¦¦¦_¦¯¦¦¦¦¦¦¦¦ ¦¦¦¦¦¦¯¦¦¦¦¦¦¦¦¦¯¯¯¦¦¦¦¦¦¯¦¦¦¦¦¦ ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¯¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦ ¦¦¦¦¦¦¦¦¦¦¦¦¯¦¦_¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦ ¦¦¦¦¦¦¦¦¦¦¯¦¦_¦¦¦¦_¦¦¦¦¦¦¦¦¦¦¦¦¦ ¦¦¦¦¦¦¦¦¯¦¦_¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¯¯¦¦ ¦¦¦¦¦¦¦¦¦_¦¦¦¦¦¦¦¦¦¦¦¦¯¦¦¦¦¦¦¦¦¦ ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¯¦¦_¦¦¦¦__¦¦ ¦¦¦¦¦¦¦¦¦¦¦¦¦¯¦¦¦¦¯¦¦_¦¦¦¦¦¦¦¦¦¦ ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¯¦¦_¦¦¦¦¦¦¦¦¦¦¦¦ ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦_¦¦¦¦¦¦¦¦¦¦¦¦¦¦ ¦¦¦¦¦¦_¦¦¦¦¦¦___¦¦¦¦¦¦¦¦¦_¦¦¦¦¦¦ ¦¦¦¦¦¦¦¦_¦¯¦¦¦¦¦¦¦¦¦¦¯¦_¦¦¦¦¦¦¦¦ ¦¦¦¦¦¦¦¦¦¦__¯¯¯¯¯¯¯¯__¦¦¦¦¦¦¦¦¦¦
ZROCOR
PRIVATE FEDERATED NETWORK
CREATING THE MOST ACCESSIBLE PLATFORM FOR SELF-ACTUALIZATION FACEBOOK ? TWITTER ? WHITEPAPER ? ZAPPS ? GITHUB
ZROCOR
PRIVATE FEDERATED NETWORK
¦¦¦¦¦¦¦¦¦¦¯¯________¯¯¦¦¦¦¦¦¦¦¦¦ ¦¦¦¦¦¦¦¦¯¦_¦¦¦¦¦¦¦¦¦¦_¦¯¦¦¦¦¦¦¦¦ ¦¦¦¦¦¦¯¦¦¦¦¦¦¦¦¦¯¯¯¦¦¦¦¦¦¯¦¦¦¦¦¦ ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¯¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦ ¦¦¦¦¦¦¦¦¦¦¦¦¯¦¦_¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦ ¦¦¦¦¦¦¦¦¦¦¯¦¦_¦¦¦¦_¦¦¦¦¦¦¦¦¦¦¦¦¦ ¦¦¦¦¦¦¦¦¯¦¦_¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¯¯¦¦ ¦¦¦¦¦¦¦¦¦_¦¦¦¦¦¦¦¦¦¦¦¦¯¦¦¦¦¦¦¦¦¦ ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¯¦¦_¦¦¦¦__¦¦ ¦¦¦¦¦¦¦¦¦¦¦¦¦¯¦¦¦¦¯¦¦_¦¦¦¦¦¦¦¦¦¦ ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¯¦¦_¦¦¦¦¦¦¦¦¦¦¦¦ ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦_¦¦¦¦¦¦¦¦¦¦¦¦¦¦ ¦¦¦¦¦¦_¦¦¦¦¦¦___¦¦¦¦¦¦¦¦¦_¦¦¦¦¦¦ ¦¦¦¦¦¦¦¦_¦¯¦¦¦¦¦¦¦¦¦¦¯¦_¦¦¦¦¦¦¦¦ ¦¦¦¦¦¦¦¦¦¦__¯¯¯¯¯¯¯¯__¦¦¦¦¦¦¦¦¦¦
simpsons_support
Copper Member
Newbie
*
Offline Offline

Activity: 252
Merit: 0


View Profile
July 01, 2019, 08:40:49 AM
 #780




Proof of Stake VS Proof of Work: Which Mining Method Is Better?


A specific algorithm is used when mining cryptocurrency. On the Internet, controversy continues which algorithm is better: Proof-of-Work or Proof-of-Stake. The answer is simple as usual. Let us see.


PROOF-OF-WORK: “UNLUCKY” NUMBER 51

Proof-of-Work is the first algorithm used to mine cryptocurrency, although it was created for another purpose, such as protecting the server from DDoS attacks and spam. The essence of PoW is in carrying out complex computational operations using computer technology. In the crypto field, this is a mechanism to confirm the fact that mining is actually carried out.

Proof-of-Work is a secure time-tested algorithm. It is used in the Bitcoin, Litecoin and Ethereum systems, although Ethereum is about to switch to PoS.

But why does PoW start leaning back? In addition to the large cost of electricity,  51% is the first association that arises from using the Proof-of-Work algorithm.

This is the fact that having 51% of the computing power, a user can “rewrite” the history of the coin for themselves. Could you imagine that a multimillionaire can buy a supercomputer, connect a power station to it, and do with cryptocurrency whatever they want? Does it sound unreal?

Thus, once upon a time, a man did not even consider it possible to travel to the moon. Absolutely everything is only a matter of time.


PROOF-OF-STAKE: PERFECT BUT...

Now the entire online community is excited about the idea of ​​switching to Proof-of-Stake algorithm. Take note, that the PoW method was created before the appearance of cryptocurrency in order to protect the server, while PoS was developed specifically for the cryptocurrency. The essence of the work of PoS is that a user does not need to use computing power to get new coins. They need to deposit some of their coins into the network, i.e., a share that will be used to conduct transactions. The reward for confirming new blocks in the network is given to the participant who has left a large amount or has been keeping funds in the network for a long time.

Let's get back to our example with a multimillionaire, very powerful computer and power station. The fact is that when using PoS, such a sequence of actions is illogical. If they want to attack the entire network, they will have to accumulate a significant portion of the cryptocurrency on their balance sheet, which makes the attack inadvisable from a financial point of view. Moreover, since the attacker has accumulated a lot of coins, they will suffer from their own attack, because it will negatively affect the entire ecosystem of cryptocurrency.

In general, the Proof-of-Stake seems to have a number of obvious advantages: higher validation speed, lower resources for protection, lower commissions.

However, only holders of a certain amount of coins can add blocks to the blockchain. Not everyone has the opportunity to participate in the maintenance of the chain, and respectively, to receive rewards.


EVOLUTION CONTINUES

When Proof of Work ceased to be effective, Proof of Stake was created. Therefore, the search for solutions in this niche continues. New algorithms that offer alternative deficiencies are appearing. The hybrid LPoS (Leased Proof-of-Stake) algorithm, i.e., “leased proof of ownership interest”, is one of the most notable developments. 

This consensus mechanism has its significant advantages: for example, it attracts all users, regardless of their stack, to work on protecting and securing the network, and distributes the reward fairly, as each participant receives their share in proportion to their contribution. This is an excellent opportunity even for owners of a small number of coins to get a stable profit.

The essence of the algorithm is that owners of smaller amounts of cryptocurrency rent their coins to full-fledged nodes, while the nodes form a block, therefore, the owners receive their share of the total reward. This principle is similar to mining pools, which now serve almost the entire Bitcoin network. Due to the initiation and stimulation of network members with smaller amounts, the level of its security is also increased.

The EDC cryptocurrency is one of the few pioneers which is switching its mining algorithm to the LPoS algorithm. All coin holders are merged into masternodes.

Masternode is a certain kind of fund in which users donate their coins, thereby allowing the node to mine EDC and bring profit to all participants of the fund. It captures the number of coins and provides network security when implementing important functions, such as instant confirmation of transactions, as well as ensuring network voting.

EDC mining is simple and effective: you can simply lease your coins to a masternode. You do not need to keep your personal account open, waste resources and conduct daily transactions. The masternode will start mining and automatically distribute profits among users in proportion to their contribution.

You are guaranteed to automatically receive daily accruals on your EDC wallet and freely manage these coins at your discretion.


What conclusions can we come to?

As a result, cryptocurrency mining algorithms are constantly improving. Currently, a hybrid LPoS algorithm, which distributes profits among all users and practically does not consume your electricity, is the most effective option.

Be sure to try EDC mining, and we are sure you will appreciate the efficiency and safety of this algorithm.




via https://blockchain.mn

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 [39] 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!