April 17, 2021

Earthcoin (EAC) is an altcoin cryptocurrency founded and debuted on December 20th, 2013 in Japan, and released in Toronto, Canada. The mission of Earth Coin is to focus on the people, environmental sustainability, and freedom. Its mission is to become a pure trade-based cryptocurrency and offer investment opportunities to the public. 

Earthcoin wallet is a software technology using wallets to store, send, and receive virtual currency, and to make everyday purchases from local markets that accept the altcoins. Users can make transactions and view their balances on the blockchain ledger that uses the Litecoin framework.

History of Cryptocurrency

Digital currency began in 1983 when David Chaum developed eCash, a cryptographic system and the DigiCash, an economic transactions crypto system, in 1995. A new decentralized cryptographic system developed in 1998 by Wei Dai, followed by the first cryptocurrency Bitcoin.

Digital currency began in 1983 when David Chaum developed eCash, a cryptographic system and the DigiCash, an economic transactions crypto system, in 1995. A new decentralized cryptographic system developed in 1998 by Wei Dai, followed by the first cryptocurrency Bitcoin.

How Does Earthcoin Cryptocurrency Works?

Earthcoin’s technology uses public addresses rather than account numbers on its blockchain. The wallet allows you to control your private keys and host a full copy of the ledger. When a user sends money to a recipient, the online transaction, known as a block, broadcasts publicly to all parties in the blockchain network, based on JISTEM’s Academic Research.

A block provides a traceable and transparent record of all digital transactions. After the transaction is complete, the money moves from the sender to the recipient. Each transaction goes through a validating process, called mining, by computers in the Earthcoin’s blockchain network. It ensures the system is secure to prevent malicious attacks.

What are the Benefits of Joint Mining Earthcoins?

  • To increase the number of earth coin holders, known as addresses.
  • To increase the earth with purchasing power.
  • Enhance computation power for decentralization.

Earthcoin Theory

Earthcoin integrates the moon and full-moon cycles and allows miners to reach the maximum amount of 13.5 billion coins. Full-moon cycle is an X2 payment promoting a double release of coins of miners, and the moon/month cycle is an X5 payment that releases the coins at five times the actual payout. The period of the EAC is 365 days, beginning with 10,000 coins each day.

It changes the curve with the magnitude of 2,000. For an example, the first 10,200 coins will adjust to 12,000 after three months and after six months they go down to 10,000. The EAC continues to go down after nine months to 8,000 and after a year up to 10,000, paying it in half.

Earth Coin Released a New Version of EAC Wallet

In early February 2021, EAC released an announcement of a mandatory upgrade of Earthcoin wallet version V2.1.1.0. The upgrade supports the AUX and POW joint mining that merges other digital currencies using the same algorithm on the Litecoin framework. Its production occurs at the same time as other altcoins, including Litecoin and Dogecoin. It is mandatory that users of the EAC wallet version 2.1.0.X upgrade in order to use the blockchain.

Technical Features of EAC

  • Power system comprising data blocks maintained by all maintenance nodes for accessibility to users.
  • Reliable database system that allows participating nodes to receive a copy of the full database by the sub-database.
  • Open source system for transparency.
  • Privacy technology to protect public identity of each participating node in the system.

Challenges of Cryptocurrencies

Cryptocurrency has its complexities and lacks consensus on issues, such as a definition, no financial institution operations, further developments, and the impact on the economy. It is attracting the attention of governments, banks, technology professionals, and economists. What makes digital coins popular is its innovative technology features, transparency, and high market price, such as the Bitcoin.

One major challenge is the decentralization of the digital currency that does not involve financial systems and the customary currency. It goes against the purpose of decentralization, avoiding government control and central banks. Another issue is the transfer of the same coin more than once, causing a double entry on the ledger.

Mission of Earth Coin

Earth Coin mission is to seek sustainable development by devoting to quantifying the earth’s resources. Their goal is to ensure these resources have constant digital assets unit. EAC’s blockchain technology features a network storage to store research data on the forests, fresh water, land, fossil fuels, biological species, and minerals. Data sources are expanding and laying the fundamentals for the development of sustainable and fair earth resources in the gigantic data industry.

Earthcoin is the people’s currency and marketed for nearly eight years. It is among 4,000 cryptocurrencies, making up about 40 percent of the altcoins crypto market. As the Earthcoin wallet continues to strive for excellence in powerful processing of transactions, investors and consumers are gaining more interest. Presently, there are over 21 mining pools and 10 EAC online platforms.

The recent version of Earthcoin wallet provides phenomenal power for maintaining data blocks in a reliable database system. It’s open source for transparency and it comprises enhanced technology for security and privacy. To invest in EAC, you can find it on various OTC (over-the-counter) stock markets and the cryptocurrency market.

Watch Earthcoin’s YouTube video to learn how to download and use the EAC wallet today! The Earth Coin supports good causes to improve the global environment and can be downloaded on computers and smartphones.

About the author 

Coinman

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