2016-09-17 Sat

The launch of the new E-Dinar Coin cryptocurrency was recently announced which works with proof-of-stake technology where cryptocurrency protection depends on the need of the proof of owning a certain amount of funds.

The algorithm would mostly choose an account with a greater amount for the confirmation of another block in the chain. The performance of the transaction must be confirmed ten times and each node would receive an amount that is calculated using the age and number of the coins that are stored in the user’s account and interest rate. The method does not need any costs for saving energy and storing a huge database and mining farms. It is also far more resistant to attacks.

E-Dinar also supports financial independence from the central and commercial banks apart from freedom from international and national control.