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Launched in 2014, Einsteinium is a cryptographic currency designed to finance scientific, technological and philanthropic projects. His currency is abbreviated as EMC2 and at the time of writing is at number 226 on coinmarketcap.com. The platform is similar to Bitcoin because it uses the proof of work algorithm. So, by simply placing it, Einsteinium works like Bitcoin combined with a charity fund.
Not much has been done for the project until spring 2017. The Einsteinium Foundation was launched in March 2014. In April of the same year, it was registered as a non-profit organization (NPO) in Montreal, Canada, thus becoming the first project of its kind in the
The Einsteinium Foundation has the task of collecting research and charity funds for the project. These funds are guaranteed by taking a 2.5
To understand how the foundation chooses which projects to finance and what amounts they should receive, it is necessary to understand the role of the epochs within the consent of the work of EMC2.
What is an Era?
In Einsteinio, an age is a time that employs miners to build 36,000 blocks on the public ledger of the platform. It usually takes around 25 days. Whenever an era is completed, the proceeds from the winnings of the foundation's blocs are released to finance research or other projects in science, technology and the interior. ; blockchain industry.
In addition, members of the Einstein community are invited to vote for projects with the greatest potential and which deserve to be funded.
Only 730 eras will ever exist. Under the platform model, yield is downsized as the network graduates with each new era. In the long run, the number of winning coins will continue to decline until the final block reward will offer a single token. For example, for the first two blocks, the awards were 1,024 EMC2.
So if you're wondering how miners can be motivated to choose mine when there are fewer prizes, the platform has an intelligent solution.
Wormhole events
The wormhole event is the original contribution of the platform to the demonstration of the working model. It is designed to occur randomly in every age and usually lasts 180 blocks. During the period a block
It is a lottery system that should keep mining attractive for the mining community of the platform. It also meant compensating for the decreasing number of tokens rewarded after each successive epoch. According to the team behind Einsteinium, they believe this will make mining more profitable in the future with an increase in the value of the EMC2 token. Subsequently, Wormhole events will become more profitable.
Because the blocking prizes for these events are constant, the Einsteinium team believes that the miners will be motivated to extract Wormhole events themselves.
Where to buy Einsteinio
If you are interested in purchasing some EMC2 tokens, you should first get some Bitcoins. So you can go to Poloniex, Bittrex or Cryptopia. Also, on Cryptopia you will be able to exchangeLitecoin for the token.
Storage of EMC2
On the Einsteinium website, you will find the newly released portfolio that also houses its fork. The token also has a basic portfolio for Mac and Windows and also a mobile wallet that is available throughCoinomi for Android devices.
Einsteinium roadmap
In addition to raising funds for charity and scientific research, the project roadmap reveals more interesting features as it grows. These include many projects related to the EMC2 currency including an online market and a & # 39; social media app.
Other noteworthy projects include:
EMC2Me
Designed as a funding platform for scientific research and other IT projects and cryptocurrency at the forefront. It offers community members the opportunity to vote for projects that should receive funding.
API
A platform for developers to build big
cryptocurrency applications. The platform makes it easy for any developer, regardless
their level of experience to work on any project as long as they use the API
connect to the network.
Super Wallet
This portfolio is under development and will allow you to purchase EMC2 tokens directly using all major credit cards. It will also be possible to plan future purchases and even repeat purchases.
Weeee …
Nicknamed 'wallet coins fueled by love', this is a fun new social media platform. Use a messaging app that can easily send gifts such as drinks, kisses, love, flowers … to friends with coins attached to it. Its main goal is to allow users to share their feelings with the world. Also, let friends exchange each other with Einsteinio tokens or physical gifts.
