Business as a basic term involves the activity whereby one makes a living by indulging in creating or producing or as well buying and selling of goods and services. Business started with the concept of commerce and has thus evolved over time. It can also be considered as indulging in any form of process, activity or enterprise in order to deliver services and thus make profit in return. The core ideal of any business man or buisness enterprise is to make profits.
Business over the years have evolved from the trade by barter form of business via commerce to a more reputable one though all credits should be ascribed to technology. Technology provided an avenue for businesses to launch their platforms and thus increase their gross profit and as well maximise processes. As technology keeps improving, it also widens the scope or horizon on which different businesses thrive.
For example years back, businesses was initiated via barter system with technology, fiat currency was initiated and thereafter e-commerce came into play which helped pushed different business platforms to a whole different level thus bringing them closer to potential customers and thus increasing profit.
However current day buisness even with the presence of technology is centralised and the issue of centralisation brings with it different challenges to the business of which it forms it's basic model ranging from lack of full scalability, security issues etc. But also technology recently has launched a solution which is aimed at solving or eliminating the issues of running a centralised buisness setting and this was introduced through the blockchain technology system network through the concept of decentralisation.
Blockchain brought about a revolution to what we all know about business from revamping the centralised concept to a more decentralised setting as well as ushering in improved security of data through smart contracts etc. When it was first introduced, people where skeptical about what it has to offer but upon global adoption, it is now been labelled as the technology of the future and has been thus applied in different fields of life and is in return producing effective results. Now having known the origin as well as what buisness and blockchain technology system is all about it is therefore paramount to note that this article is related to the application of blockchain technology system for startups as well as business that aims to create their business using blockchain technology under the tutelage of EDC Blockchain Platform.
INTRODUCTION:
EDC BLOCKCHAIN PLATFORM: is a platform whose major goal or aim is to develop or create a system which will be convenient for the exchanging of goods as well as services on the underlying conditions stipulated by EDC on a global scale and also it is a platform that aims to tokenise startups, private small as well as medium sized businesses inorder to attract investors as well as enhance development or scalability of the platform. And to acheive this, the EDC Blockchain Platform will make use of the most recognised advanced form of technology which is the BitShares 2.0 which is based on the Graphene platform. It will also incorporate an LPoS mining algorithm.
Also with the EDC blockchain platform, users can basically create or develop their own custom tokens for basic startups, crowdfunding as well as tokenisation of their businesses and to create their assets they will have the privilege to choose from either the basic, plus or the premium package as the basis of their token though depending on their financial budget at that time and with this, user are given the opportunity or privilege to create a fully or a partially custom token all possible with the aid of an EDC coin constructor and also they can be ble to launch various categories of projects ranging from a simple token to yield low turnover rate to launching a full fledged cryptocurrency with an advanced feature that will basically revolve around the LPoS mining algorithm. Also, assets created onboard the EDC blockchain can either be traded or permanently stored as permanent assets.
CONCEPT OF THE EDC BLOCKCHAIN BITSHARES 2.0 FOR STARTUPS AND BUSINESSES.
The graphene model is the only system on blockchain which has an industrial level of productivity with a large performance even enough for system operating on socio-economic basis and also is at the moment the fastest ever blockchain in existence. Also, on optimisation scale, Bitshares has the capability to process or carry out about 100,000 transactions in a second and when compared to Visa payment system is several times faster than Visa which is currently the largest financial provider globally. In terms of technicalities, the platform will initiate the creation or formation of a new block in every 3 seconds time frame to support zero commission form of payment and also the concept of working with several tokens at a time.
THE EDC BLOCKCHAIN LPOS ALGORITHM.
The EDC blockchain LPoS is a basic consensus mechanism which literally means "Leased Proof-of-stake"( leased proof of ownership interest).it has numerous benefits which includes attracting or pulling in users irrespective of their stack to work as well as ensure that security is at it's maximum on the platform as well as fairly distributing acquired rewards depending on amount of work put in by each participant. This will share a principle similar to mining in the sense that when rewards are shared, individual who was rewarded with smaller amount of cryptocurrency will thus rent out their coin if they so desire to a more fully fledged node prompting the node to form a block and thus afterwards the owners will receive their own share of the overall reward. Inorder to form a masternode from a node, a certain amount of coin (100 million) is to be collected and thus locked for a stipulated period of time inorder to initiate the mining process and thus creating new coins. All the coin holders are all merged into a masternode thus they can be able to donate their coins and initiate mining and at the end of the process get their bonus.
FEATURES OF THE EDC BLOCKCHAIN PLATFORM
The basic features to be incorporated by the EDC blockchain platform will include;
I. Creation of a coin which will be used within the platform.
II. Observation of adequate protocols while creating coins.
III. Monetising intermediary services through the use of utility coins. etc.
EDC COIN TOKEN ECONOMICS.
The EDC blockchain platform will make use of a basic token which will be known as the "Every Day Coin" and will bear the acronym "EDC" and will operate basically as a utility token. The EDC will have a total supply of 100 000 000 000 with only 4.9 billion EDC coins to remain in total circulation. With the total emission reduced to 100 billion and the coin will be mined till 2040.
For exchanges where the EDC is listed:
Exchanges: https://blockchain.mn/exchanges
TO KNOW MORE ABOUT THE EDC BLOCKCHAIN PLATFORM
Join the Telegram Group:
Facebook: https://www.facebook.com/EDCBlockchain/
LinkedIn: https://www.linkedin.com/company/EDCBlockchain
Instagram: https://www.instagram.com/EDC.Blockchain/
Follow on Twitter: https://twitter.com/EDCBlockchain
Website: https://blockchain.mn/
Whitepaper: https://blockchain.mn/wp-content/themes/blockchain/EDC_Blockchain-presentation_(EN).pdf
Writer's Bitcointalk Username: Musekay
Writer's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2070957