EDRCoin price is $0.01398338
The current price of EDRCoin (EDRC) is $ 0.01398338. In the past 24 hours, the price has increased by +0.00%.
EDRCoin (EDRC) is a type of digital currency, also known as a cryptocurrency. Like Bitcoin, it uses a distributed ledger known as a blockchain to securely record transactions. But unlike Bitcoin, EDRCoin claims to also focus on being environmentally friendly by focusing on reducing the energy consumption that often comes with mining and maintaining cryptocurrencies.
EDRCoin was not created by a well-known figure or organization in the crypto sphere, like Bitcoin's anonymous Satoshi Nakamoto or Ethereum's Vitalik Buterin. Instead, it was developed by an independent team of developers. While further details of the creators aren't clearly stated, it maintains a focus on promoting ecological sustainability.
EDRCoin works similarly to other cryptocurrencies. It is based on a technology known as blockchain. Blockchain is the underlying technology that maintains the EDRCoin ledger and keeps track of all transactions. Like other decentralized digital currencies, transactions on the EDRC network are verified by network participants, not a central authority. This system ensures that all transactions are transparent and immutable, making fraud virtually impossible.
EDRCoin sets itself apart from other cryptocurrencies by placing a high emphasis on ecology and sustainability. Recognizing the high energy consumption often associated with cryptocurrency mining, it claims to implement energy-efficient protocols in its infrastructure. However, specific details on how it manages to do this are not clearly provided.
According to their website, EDRCoin was designed with a focus on ecological sustainability, aiming to reduce the often excessive energy use associated with other forms of cryptocurrency. They claim to achieve this through energy-efficient mining practices, though these processes are not detailed clearly.
As of now, there are 3.7M EDRCoin in circulation. The total supply of EDRCoin is . These figures suggest that most of the total supply of EDRCoin is already in circulation.
The market cap of EDRCoin is currently $ 51.3K, ranking it at #1 in terms of the total market cap of all cryptocurrencies.
EDRCoin (EDRC) can be purchased on the YoBit exchange. It's important to remember that cryptocurrency investments carry a risk, so you should only invest money that you can afford to lose.
Keeping your EDRCoin safe is crucial as cryptocurrencies can be a target for hackers. You should always take steps to ensure your coins are safe. These can include keeping your coins in a secure wallet, using two-factor authentication, and avoiding sharing sensitive information. Also, be cautious of phishing attempts and remember that the EDRCoin team will never ask for your private keys or passwords.
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