The website (e-dinarcoin.com) is designed to provide the information concerning the advantages and possibilities of the E-Dinar Coin cryptocurrency.
You can register on the website and download the crypto-wallet for your devices. Desktop and mobile versions for the most popular operating systems are available.
Instructions on how to use the account is available in the Information section to help the owners of crypto-wallets. FAQ section is available on the website as well.
In the Marketing Plan section, you can find more about the unique, referral program, designed specifically for E-Dinar Coin. https://edinarcoin.com/marketing-en/
According to the forecasts of financial analysts, E-Dinar Coin is expected to grow on a steady rate due to a new approach to the crypto code and a unique solution as the introduction of referral cryptocurrency program.
Any coin rate is set depending on supply and demand, we believe that the lack of analogs as well as high validity will provoke a sharp growth rate in 2017.
You will be able to buy E-Dinar Coin on your own on the E-Dinar internal exchange or on external exchanges.
Currently, we are actively negotiating with the management of the top-ranked, and discussing the terms and conditions of cooperation. Pay attention to the latest information posted by our Community. All the relevant information is placed in the tab “News” on e-dinar.io website.As for now E-Dinar Coin is available on alcurex.com and lk.exrates.me , full list of connected exchanges you can see in the section Buy / Sell .
E-Dinar is an internal cryptocurrency operating on closed blockchain. Upon numerous requests from the participants of the community, E-Dinar launched E-Dinar Coin cryptocurrency, that already has an open code allowing to trade with EDC on external exchanges.
Source code can be provided to interesred parties upon request, in case they want to connect cryptocurrency to the app, more about connecting described under API.
E-Dinar Coin cryptocurrency is built using progressive technology Delegated PROOF-OF-STAKE (DPOS).
Firstly, the DPOS algorithm of E-Dinar Coin is a global distributed database,
which is used as a ledger to keep track of digital assets.
All updates in the ledger must be tested and applied in the correct order, as well as
universally agreed, that allows the database to be consistent. The purpose
of the delegated proof (DPOs) have to reach a consensus on the order in which updates should be applied.
Any user can check the network condition by monitoring the level of participation of witnesses.
E-Dinar Coin algorithm is developed in such a way that it can support the participation of 99% of witnesses.
In turn, with the participation of 99% of witnesses, the deal has a 99% chance to be confirmed after one witness.
This logic allows you to make and certify more than a hundred transactions within a time limit of 1-5 seconds.
Delegate is an account that is able to collect all the information about operations that are conducted within the blockchain system. After collecting the information, the data is analyzed and verified by the usage of the predetermined algorithm. Then Delegates save all operations in a chain of blocks.
When a user sends EDCs to another user’s wallet, the information is transferred to the Delegates. The received information is processed and captured in the new block of chain. Then the renewed blocks are transmitted to Witnesses and the users’ wallets. The whole process in DPOS algorithm takes about 1-5 seconds.
Witnesses are the elements of blockchain, distributed proxy servers that work as an account book for all operations that are made within the blockchain system. The information is transmitted to the wallets of all E-Dinar Coin blockchain the users. Thus, everyone who has an E-Dinar Coin wallet can track all transactions that are conducted and fixed within the blockchain system.
Double-spending can occur whenever in the process of reorganization blockchain eliminates transactions, previously included in the chain of blocks. It means, that within this period some witnesses had significant problems with access to the network, caused by disruptions on the Internet. DPOs technology, which E-Dinar Coin took as a basis, provides the least probability of connection failure to allow double-spending. In other words, DPOs is one of the highly reliable tool against the possibility of double-spending.
From time to time, you need to upgrade the network to add new features. In the DPOs algorithm,
all changes must be confirmed by the approval of interested parties. It is technically possible for the witnesses in the general agreement to change their software unilaterally, but doing it is not in their interest. Witnesses are selected, based on their positions of remaining neutral to blockchain policy, otherwise they can no longer serve as witnesses. Remaining neutral, a Witness protects itself against allegations, that it is an administrator / manager / owner / operator of the network. The witness is only an employee of the interested parties.
Developers can make any necessary changes, only after these changes are agreed after
the approval of the interested parties. This policy protects not only the developers, but also each of the interested parties, and ensures that no one has unilateral control over the management of the network.
Each transaction over the network further comprises a hash of the last block. If this is done, the deal inspectors can make sure that their transactions can not be applied to any blockchain, which is not included in this block.
E-Dinar Coin like any other decentralized cryptocurrency doesn’t have a single data center.
Nevertheless, all the operations, that you make within E-DinarCoin system, are being processed, verified and fixed by blockchain.
Delegates and Witnesses perform this function if it concerns DPOs.
The mechanism of Proof of Stake is based on the need of storage proof of a certain amount of funds in the account. If you use this method, the cryptocurrency algorithm allocates new units obtained in proportion to the current balance on your wallet, according to the specified algorithms. Thus, obtained coins are transmitted to the wallets of the members who are the most loyal to E-Dinar Coin. The interest of the daily distribution amounts to 0.65% to the current balance of your wallet.
Each of the listed exchangers has signed a contract with «ASSUR» insurance company, ensuring the safety of deposits in the E-Dinar Coin not only from cyber-attacks, but also against the rate fluctuations as well as the risks associated with cryptocurrency liquidity.
When buying EDC in the exchangers listed above, each participant can realize the purchased amount of EDC or received from the personal, referral mining, at the same exchange office, at a fixed price.
EDC purchase rate at the exchanger: 1 USD = 1 EDC
Sale rate of previously purchased EDC at the exhanger: 1 EDC = 0,8 USD
Sale rate of personal mining at the exhanger: 1 EDC = 0,8 USD
Sale rate of referral mining at the exhanger: 1 EDC = 08 USD
Attention!!! The amount of EDC sold in the exchange office can not exceed the amount purchased earlier using the same exchanger at the rate of 1 EDC = 1 USD.
EXAMPLE: If 1000 EDC were purchased at the exchanger at a rate of 1 EDC / 1 USD, later you can sell the amount up to 1000 EDC at a rate of 1 EDC / 0.8 USD at the same exchanger.
The above-mentioned rules apply ONLY to the exchangers listed herein.
If you have any questions or suggestions, please email us:
Engineers at E-Dinar Coin, a Malaysian-based technology company, have harnessed the worldwide power of cryptocurrency for general financial consumption. The company has invested over $20 million since August, 2016 when it launched a unique and proprietary algorithm that guarantees all users a never-before-known level of safety and security. Also, their newly-designed decentralized platform assures participants an equivalent guarantee of privacy and anonymity. E-Dinar Coin, through exhaustive studies and experimentation, has developed a trading currency that utilizes improved blockchain technology. The product is safe, legal, instantaneous, private, green, and the least expensive way to buy, sell, transfer (either one-time or ongoing), trade, withdraw, contract-for or take-possession-of…. and moreover, it’s investment-grade.
Imagine the simplicity of anonymous currency-free transactions without the constraints of international currency fluctuations or governmental monetary restrictions. In addition, no more countless fees charged by middlemen along the transactional path, including commercial bankers, clearing houses, insurers and credit/debit card companies. Today, world currencies are as diverse as they are insecure; their footprints lack privacy, involve costly third-party reconciliations, and strain environmental resources.
E-Dinar Coin (hereafter, EDC) has created a model with the strictest attention paid not only to the security of its particular platform; but also allowance for the ultimate privacy and independence of its stakeholders. A primary ingredient to the creative EDC blockchain is the degree of decentralization, which gives individuals a forum to efficiently establish a level of trust based upon their actual transactions within the system versus an amorphous rating-system created by centralized entities, including painfully slow, inefficient, costly, often inaccurate and redundant credit bureaus. The more a company or individual employs the platform, the more blockchain credibility the system dispenses.
If any argument can be made for the advancement of cryptocurrencies in general, and EDC in particular, all one needs to remember is the disastrous failure of central and commercial financial institutions around the world, beginning with peak sub-prime mortgage lending during 2005-2006. After nearly 500 years of organized banking, along with all the claims of inherent system-wide safeguards, world capital markets nearly collapsed under the weight of unencumbered leverage utilized in the creation of mortgage-backed derivatives and collateralized-debt obligations. The foxes were guarding the hen houses, as bankers worldwide became addicted to the leverage and monthly profit projections; while blinded to the steady erosion of their customer’s portfolios.
While individuals benefit from the speed, safety, privacy and anonymity of cryptocurrency, E-Dinar Coin has also specifically designed its platform to seamlessly incorporate the needs of business owners. For example, EDC makes international selling easy without the roadblocks of interest rates, exchange rates, or currency differences and fluctuations. Additionally, businesses can market expressly to privacy-seeking consumers…unlike credit or debit cards, or other existing protocols that all link personal or corporate information to a transaction. Also, EDC clears instantaneously placing your company’s assets where they belong – in your account, not subjected to waiting periods plus transactional fees. Furthermore, the ease, safety, and privacy of EDC’s platform, gives member-merchants a unique opportunity to market possible discounts on products purchased via cryptocurrency.
The ability to make simple or complex transactions as near to next door or as far around the globe as our imaginations allow, using the proprietary blockchain technology provided by EDC has currently captured the interest of thousands of new members each month. While blockchain is the perfect venue for digital storage and the exchange of assets, E-Dinar’s team of highly-skilled engineers is continually working on future applications for the platform. They have identified several areas of interest, including both the fields of Medicine, where patient records storage can be handled in a truly private manner, at virtually a fraction of today’s cost; and Law, where the EDC platform is naturally amenable for replacing the existing time-consuming method of creating and executing legal contracts… again, at virtually no cost to the parties.
Bestowing additional credence on the viability of E-Dinar’s platform, major bank officials and representatives from several allied financial institutions throughout Asia, chose E-Dinar Coin to receive their annual “Most Valuable Trading Crypto Platform of 2016.” The company accepted the award on March 17 at the prestigious and influential China Annual Meeting of Finance and Financial Technologies 2017.
Source: USA Today: Tech USA Today: Money