It is powered by the Kimoto Gravity Well to ensure fair difficulty adjustment to protect themself from heavy weight miners. In order to fund the Einsteinium Foundation, all mined blocks will make a compulsory 2. The community will then vote as to which scientific project should be funded. Terms Privacy. Advertise API Key. Select a Quote Currency.
Home Einsteinium. Einsteinium EMC2. Market Cap 24H. Volume 24H. Circulating Supply. The goal of Einsteinium is Read more. Einsteinium Price EMC2. Free CSV. Privacy Guaranteed Secure Submission. Einsteinium Statistics. Days Since ATH Price vs ATH. Exchange Volume Unknown. Transparent Volume Unknown. The highest price paid for this asset since it was launched or listed. Price Change 1h. The percent change in trading volume for this asset compared to 1 hour ago.
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|Einsteinium cryptocurrency||Performance is unpredictable and past performance of EMC2 is no guarantee of future performance. Projects worthy of funding are selected by the token holders themselves. Ben is a blockchain enthusiast and actor who most notably appeared in the 5 time Academy Award winning film, The Artist. Congratulation Poloniex for bringing twitter 3 years ago. The total dollar value of all transactions for this asset over the past 24 hours. Also check out wallet source code on Github. EMC2 and Einsteinium cryptocurrency Games.|
|Vladimir putin ethereum||80|
|Einsteinium cryptocurrency||Another option is to buy EMC2 on crypto exchanges. The Einsteinium Foundation exists to raise money to help fund cutting edge scientific projects. Please read update on current MIL development here. We are still weeks away from the correct date. Ask an Expert. Days Since ATH|
Also, EMC2 and other cryptocurrencies are ever-evolving, and the regulatory laws of a particular nation are not globally recognised. This means that there is no central government or consolidated policy for the regulation of Einsteinium and cryptocurrencies. In different jurisdictions and countries of the world, there are different opinions on the issue of cryptocurrency legality.
This makes the question of the legality of Einsteinium to be based on your current location and what you want to utilise it for. However, the legality of cryptocurrencies remains undefined and continuously changing in nations of the world. While some countries are deadset in their opposition of crypto coins, some are trying to provide regulations that still allow for cryptocurrency exchanges in their bid for innovation.
That is to say, depending on the country or territory, different policies are governing the legality of crypto coins as a means of payment. Nevertheless, there are four different legal statuses that can accord to cryptocurrencies in a country. It can be granted a permissive legal status which declares it legal to utilise crypto coins in the country, or a contentious status wherein restrictions and regulations are placed on the usage and utilisation of cryptocurrency in the country.
Cryptocurrency can also have a questionable legal status in which it is not prohibited directly in the country, but it is viewed through the interpretation of some old and archaic laws. Also, it can also have a hostile legal status in which its use is entirely or partially prohibited.
Here is a list that explicitly states countries that are cryptocurrency friendly, thereby enabling the use of cryptocurrencies like EMC2 for trading and as a medium of exchange. Japan is known to be one of the most welcoming and innovative regarding the use of cryptocurrencies in the nation.
Donations in cryptocurrencies such as EMC2 are officially accepted in the city of Hirosaki to attract foreign tourists and finance local projects. Cryptocoins was officially recognised as a medium for payment in However recently, the country has begun to look into the imposing of stricter regulations on cryptocurrency trading and exchanges following the Mt. Gox hack of and the CoinCheck hack of This is among the cryptocurrency friendly and welcoming nations.
Also, cryptocurrencies are not regulated in this country under the Act on Financial Supervision of the Netherlands. It even has a city for cryptocurrencies wherein with the aid of the crypto coins in your wallet; you can pay for any product or service such as accommodation fees, medical fees, gas and the likes. This small country is technologically advanced and is always welcome to innovations and advancements; it is famous for being the country where Skype was invented. Unsurprisingly, it is among the cryptocurrency friendly nations, and it fosters and implements recent technologies and innovations like DLT blockchain technology in many major services like banking services and healthcare services.
This is a country with a relatively sparse population and cutting-edge technological innovations and advancements. It is also a crypto coin friendly nation as evidenced by a total of ten crypto coin vending machines in the capital of Helsinki. This is a very innovative and technologically forefront nation. It is currently working on building an economy that is virtually based on digital assets, einsteinium as well as other cryptocurrencies.
Denmark's FSA Financial Supervisory Authority declared in that its authority does not extend to cryptocurrencies and so it doesn't oppose trading with crypto coins. In this country, crypto coins are regarded and treated as 'private money'. No VAT value added tax is added to the value of cryptocurrencies when it is exchanged for sterling the legal tender in the UK or other foreign currencies. However, supplies of products and services that are carried out with crypto coins as the medium of exchange are subject to VAT.
As at , cryptocurrency such as einsteinium became legal in this country. It is to be regulated by FinTech Law as a virtual asset. The use of cryptocurrency is legal in this country. There are no regulations or consumer protection on the use of crypto coins, and there is a vending machine for crypto coin in the city of Jubail.
This is also a crypto-friendly country, and as of July 1st, , cryptocurrency like EMC2 was to be treated as money and not subject to double taxation. Though crypto coins are subject to more regulations which are ofttimes quite strict in some of these countries than others; some do not have regulations for cryptocurrencies like EMC2 at all.
Contrary to these countries in which cryptocurrencies have permissive and contentious regulated, at times to the extreme legal statuses, some countries are plain hostile to cryptocurrencies like EMC2. Trading and exchanges using crypto coins are banned and prohibited in these countries. Some of these countries go as far as punishing those who violate the rules against cryptocurrencies as well as subject them to heavy fines.
Some of these countries which are stated in this study guide are;. In this country located in South Asia, it was explicitly stated by the Nepal Rastra Bank on the 13th of August that the use of crypto coins like EMC2 in the country was illegal. This country through the Bangladesh Bank went as far as declaring in September jail time for anybody that was caught operating with virtual currencies like EMCC2, bitcoin and a host of other cryptocurrencies under the country's strident and strict anti-money laundering laws.
This country has placed a ban on the use of all digital and decentralised cryptocurrencies like EMC2. This decision is as a result of the instalment of a newly invented state-run electronic system which as a central body of authority government and is tightly connected with the dollar which is the local currency. In this country, the use of cryptocurrencies such as EMC2 has been declared illegal by the National Bank and commercial banks are not to accept cryptocurrencies for financial exchanges.
The central bank of this country which is the Bank Indonesia has issued a regulatory policy, banning the use of cryptocurrency as a medium for payment. However, this regulation does not cover other activities like cryptocurrency mining and trading. The same also applies to Vietnam. The only means of payment in this country is the denar, payment in the crypto-coin is illegal and highly frowned upon by Macedonia's National Bank.
The violation of the law on payment operations and the law on foreign exchange operations as set by the National Bank provokes punishment imprisonment ranging from six months to seven years and the payment of fines between 7, and 10, euros on the violating party. With the anonymity that the use of crypto coins provide, most people who want to trade with cryptocurrencies tend to forget about the issue of tax. In fact, most traders and investors in cryptocurrencies like EMC2 are still confused as to how tax laws apply to crypto coins.
Before the issuance of this guidance, the issue of taxation was quite questionable, and governments were quite bothered about how they were going to gain tax on trades made with einsteinium and other crypto coins. In this guidance, cryptocurrencies are seen as 'convertible virtual currencies.
The IRS wants its cut on profits from cryptocurrency trading, and taxpayers who voluntarily pay are treated with more leniency than those who refuse to pay. For now, cryptocurrency assets are not taxable, but the use of a crypto coin to buy or sell trade accrues tax. Contrary to the treatment of crypto as virtual currencies in the cryptocurrency world, the IRS declared that for the payment of federal tax, crypto coins were to be treated as property, thereby giving cryptocurrency the same treatment as stock, real estate, and mineral gold.
As written in the IRS guidance, 'taxpayers may be subject to penalties for not reporting. Trading as well as the use of cryptocurrencies such as EMC2 as a means of payment results in capital losses or gains. Losses serve as a counterbalance to gains and reduce tax; when you realize a loss, your tax bill is lowered.
The progressive or pay-as-you-go tax system is used in the US and so, the more you trade, the higher the rate of tax. However, events wherein capital gains or losses are not generated such as giving cryptocurrency out as a gift, transferring crypto coins from wallet to wallet and the purchase of cryptocurrency and holding crypto without sales do not require the payment of tax. In paying your tax, information such as the time you purchased your einsteinium, the amount it was purchased, time of sales and the amount you received for sale is needed.
The best way to go about tax payment on Einsteinium is by keeping records of all transactions carried out with it and by setting aside money for tax each time you make a taxable trade. However, websites like Cointracking. Failure to keep records might allow the IRS to set the highest tax payment rate for you. Since taxes are paid based on capital gains and losses, an einsteinium trader that wants to pay tax would need to determine this capital losses and gains through the tracking the Basis.
The Cost Basis refers to the purchase price of EMC2 including other fees and costs accrued in the purchase of the crypto such as dividends, splits, and brokerage commissions. The gain or loss made from a sale can then be determined by sale price-cost Basis, taxes are reduced by the amount of costs included in your Basis. The best way to minimize tax payment on your Einsteinium cryptocurrency is to buy and hold EMC2 without sales for over a year.
This results in long-term capital gains which are taxed at a reduced rate, unlike short-term capital gains which are taxed at an ordinary tax rate. Einsteinium miners still fulfil their tax commitment to the einsteinium foundation even though crypto coins are not regulated at the moment. Consumer protection is an integral part of the cryptocurrency trading system globally.
Its purpose is to give its users a fair and transparent treatment in the market. Also, it instills confidence in the minds of users about the cryptocurrency, enabling the continuous thrive of the cryptocurrency in the market as cryptocurrency enthusiasts are more liable and likely to invest and trade with the cryptocurrency that has good and strong consumer protection. Einsteinium is a Bitcoin-like crypto coin, and it is among the top 50 ranks in the listing of cryptocurrencies. This implies that it is used and invested in by many consumers and as such, it requires strong consumer protection.
The need for consumer protection for einsteinium is buttressed by the risks and costs associated with trading of emc2 cryptocurrency in the financial market. Exchanges using Crypto coins like einsteinium carry a significant number of potential threats such as price fluctuation, security hazards, lack of insurance by a central authority etc. The consumer of emc2 also play an important role in ensuring their coin is protected, and this includes how they can safeguard their private keys from third parties, verify all details carefully during transaction activities, and more importantly have multiple back-ups.
The essence of having a backup is for you to be able to recover back your emc2 when you lose your wallet. Einsteinium just like other cryptocurrencies such as Bitcoin promote a more thriving economic environment in countries where they are accepted. Therefore, fostering and preserving such an economic environment which enables the flourishing of businesses is a responsibility for any accountable and responsible government.
In this economic environment, the needs and interest of consumers are ultimate; the primary objective and so, there is a need for consumer protection. However, einsteinium and other crypto have been largely unregulated, and this implies that consumers who are victims of Ponzi schemes or scams or those who lose funds as a result of operational issues like using the wrong address have little legal resorts.
Recently, the hacking of a major cryptocurrency exchange base called Coincheck in Japan is one of the reasons for the tightening of regulations on cryptocurrencies in most countries where they are traded. These regulations have the end goal of consumer protection, and consumers can make complaints to consumer protection agencies in their country. For example, agencies such as the U. Kindly note that there are no specific consumer protection regulations for einsteinium and other crypto coins users from the government arms since they do not regulate it.
So, not much action can be taken for those who lose funds while investing in einsteinium coin or carrying out different transactions with it. The Einsteinium Foundation is the closest to a regulatory body for Einsteinium EMC2 through which consumers can address their issues and grievances. Einsteinium has a label of "Funding the Future with the Future of Currency" which is coined out of the vision of the Einsteinium Foundation.
As rightly said in this guide, the network uses a blockchain technology which is also known as Distributed Ledger Technology DLT and it offers a decentralized structure and uses trillions of mathematical calculations and cryptographic encryptions for its security.
This technology is known for being transparent and secure, thus enabling consumer protection for users of einsteinium. Since the commencement of cryptocurrency activities in the financial market, hackers and scammers have found the cryptocurrency network as a perfect place for their operation because of the anonymous nature of cryptocurrency. Digital currencies like Einsteinium were invented so as to enable a decentralized, faster and more secure way of trading.
So many of those who are not in favour of cryptocurrencies are known to subscribe to the idea that scammers use crypto coins for fraudulent activities. Due to the high level of privacy associated with the anonymous or pseudo-anonymous nature of cryptocurrency investors and consumer, criminals tend to view it as an easier way to steal and loot money.
In when Einsteinium was launched, illegal activities performed with cryptocurrencies ran rampant because of the 'wild west' status of cryptocurrencies i. As at when the use of Einsteinium gained momentum, there was so much attention focused on the network by several governments and regulatory agencies in the world. The einsteinium network became difficult for criminals to make use of or hide behind the cloak of cryptocurrencies since the enactment of several protection policies and anti-money laundering laws.
Nevertheless, some scammers and hardened criminals still go ahead with using cryptocurrencies for illegal and malignant activities like drug trafficking, extortion, scam, money laundering, fraud, hacking, purchasing illegal and contraband goods and services. Below are descriptions of some of these illegal activities and how they can be perpetuated through Cryptocurrencies like Einsteinium.
This is an illegal act that deals with bypassing the security mechanisms of the einsteinium network to penetrate users account without authorization. Einsteinium holders that are careless with their private key and confidential login details are always the target of hackers. Once your account is being accessed by hackers due to your carelessness, they locate the weaknesses in the coding that makes up a crypto coin element, thus, enable them to target your wallets and wallet providers for theft and fraud.
This usually occurs when you want to exchange your einsteinium with another cryptocurrency or fiat money from users on exchanges online. The seller run away and delete your contact after he must have received your emc2. Users who are new to cryptocurrency activities are most of the victim here because they do not have a proper guide to direct them. With the rise in illicit activities on cryptocurrencies, you must be very careful anytime you are trading your einsteinium with another crypto coin or fiat currency online.
Always use trusted exchanges, choose reputable seller and as well ensure you do not share your private keys with anybody. This is the process through which proceeds from malignant activities like drug trafficking are disguised as money from legitimate and legal sources.
On a daily basis, corrupt officials in positions of power and those who undertake illegal businesses try to hide and legitimize millions of dollars. According to the analysis of an intergovernmental organisation i.
With the current boom in the use of einsteinium, it has also attracted the attention of money launderers, and it's been used for their purposes. Furthermore, consumers of cryptocurrencies can be looted of their coins by fraudsters through techniques like Ponzi schemes, phishing and imitation websites. A Ponzi scheme refers to a fraudulent investing scheme wherein investors are promised high earning and returns for minimal and low risks. In such schemes that involve using of cryptocurrency, the existing investors are paid from the investments of new participants.
This is done to attract more investors and take more money cryptocurrency such as emc2 out for personal use. Cryptocurrency like einsteinium can be used to facilitate Ponzi schemes. Phishing is another fraudulent act wherein fraudsters put on the disguise of trusted persons, tricking them to obtain their personal and sensitive information such as passwords, email etc.
Users of einsteinium can be a victim here when they accept and retain a wallet file with a private key of another user they are to send it to. If they fall to temptation by accepting the wallet file, the file will drain them of all their coins. However, till date, apart from the double-spend hacking attack perpetrated on the Einsteinium network, there has been no recorded illegal activity performed using einsteinium , and the Einsteinium Foundation also tries to strengthen the network against illegal activities.
The Foundation does this through its implementation of the hard fork and partnerships with interested companies such as ATW tech. Before investing in or trading with any cryptocurrency, the security of the cryptocurrency is a major concern. Ever since the Double Spend Attack on Einsteinium in June , the question of its safety has been brought up several times. This is because people who want to invest or trade with Einsteinium wants to be assured of the network security which prevents anything from going awry with their investment.
The security of einsteinium is one of the primary objectives of the Einsteinium Foundation for it to be able to serve its purpose adequately. Several measures have been taken by the Foundation to strengthen and tighten the security of EMC2. The hard fork which was carried out and implemented on Einsteinium in December is one of the measures taken by the Foundation to tighten security and stabilise EMC2. The hard fork reduced the max supply of EMC2 crypto coin in circulation from million to million.
This partnership alongside other partnerships with companies like BlueLab and Chainworks Industries further guarantees the security of Einsteinium. This is because these companies have a vested interest in seeing to the growth of EMC2, hence, their commitment to protecting the cryptocurrency from any forms of attack. Also, following the Double Spend Attack of wherein a transaction was reversed, the key and board members of the Einsteinium Foundation's team were able to learn how to prevent such an attack in the future and efforts were intensified to increase hashing power and further secure EMC2.
Furthermore, the Einsteinium cryptocurrency is based and dependent on a blockchain technology. A blockchain is a technology that prevents data manipulation by saving and recording data in hash functions with timestamps which prevent data from being changed or tampered. It is a list of records that grow continuously and are referred to as blocks. These blocks are secured and linked with the aid of cryptography.
Usually, each block consists of a cryptographic hash of the previous block along with the timestamp. This blockchain is highly secure and showcases a decentralized computing system with a high level of Byzantine fault tolerance. The highly secure design of this blockchain which Einsteinium is based on and its use of a proof of work system similar to that of Bitcoin ensures the security of Einsteinium.
Despite the safety that Einsteinium assures you, there are still some hackers who surf the web on a daily basis looking for how to relieve people of their hard earned coins. This can be done by always keeping your private keys without sharing with a host of third parties. Also, try as much to access your account from a single computer as opposed to several devices.
You must be vigilant and always store your EMC2 in cold storage when not using it at the time for transactions. Always keep your wallet and operating system updated. As cryptocurrencies thrive and experience a boom in the crypto market, it attracts a lot of attention including both positive and negative from investors and traders.
Einsteinium can be compared to mineral gold and just like gold in the California gold rush of the s; people rush to acquire cryptocurrencies especially as its price continues to skyrocket. With the rush for cryptocurrency and its continuous growth, it is fast becoming a recurrent and easy target for crypto coin hackers as there a lot of users that may lose guard of their private keys to hackers due to over excitement to buy emc2 at a cheaper rate.
Just like some cryptocurrencies such as bitcoin, einsteinium network runs a decentralised blockchain technology which means that the cryptocurrency system operates without a centralistic structure of authority. The Einsteinium structure is based on a peer to peer model that allows for direct interaction and transaction between consumers without any need for intermediaries.
Proving as a consumer that you are the owner of the emc2 in your digital wallet requires the possession of cryptographic keys private key and public key. It is vital that you keep these cryptographic keys especially the private key away from third parties as much as possible because an attack can be launched on your account if you misplaced them carelessly.
Some top profile hacks with resultant debilitating effects has been successful in the world of cryptocurrency such as the DAO decentralised autonomous organisation hack involving Ethereum cryptocurrency which occurred in June Also, Bitfinex hack which was carried out in August on the cryptocurrency exchange platform named Bitfinex which is based in Hong Kong and owned by a company called iFinex Inc.
There is also the Mt. Gox hack which was carried out on a top cryptocurrency trading platform in as well as the hack of a Tokyo based cryptocurrency exchange platform in Japan called CoinCheck. The answer to the question that was asked initially is YES; Einsteinium has been hacked before.
With Einsteinium rising in the charts and being amongst the top 50 rank in the listing of cryptocurrencies, the Einsteinium like other cryptocurrencies have attracted several hackers by its lures, and several attempts at hacking emc2 have been carried out. However, the only noted successful attempt at hacking Einsteinium was the Double-Spending attack on the EMC2 blockchain. This attack on the einsteinium coins implies merely that a given set of coins are spent in more than a single transaction.
As a result, the currency was allegedly shut down by Bittrex, and a lot of users ran away from investing in einsteinium. The Einsteinium Foundation reported that the attack concerned an issue of a block reversing a transaction and the increase of the hashing power on the network was seen as the most effective solution. There has been no other account of a successful attack and the Einsteinium Foundation, and its members are fully committed to ensuring the safety and security of its blockchain and sharpening efforts to increase hashing power.
If the priority is to be placed on investors' problem, it would be known that the problem of lost Einsteinium is, of course, the most troubling to the investors and einsteinium users. As at the moment, it is very pertinent and of great relevance to understand that your Einsteinium coins are stored in the Cryptocurrency wallet and not basically in the Einsteinium network. As a result, whatever gets lost in the restoration is the wallet or perhaps the private keys.
For those who were not careful enough with their Einsteinium account and lose their emc2 through loss of wallets, it is possible to recover your loss if you had kept a backup. It has been labeled by many wallet providers that users should always maintain backups in cold storage for them to be able to restore their lost emc2 easily.
However, some companies and of course some tools can aid in the recovering of data regarding the wallet if a computer unfortunately crashes or hard drive eventually breaks down, the prioritized decision or best option is therefore to maintain an efficient and a good offline backup. One could effect and equally generate the key codes and store them under specific key and lock.
By so doing, one must make sure and certify that no third party could gain or secure access to them. If Peradventure you have the public and private keys, You are to note that the process in which you restore the Einsteinium is less complicated and undoubtedly pretty direct, therefore, all you need to do in such case is the following. Note that it is essential to be familiar with the process of recovery as it differs in various cryptocurrencies.
The process outlined above is the most used and familiar model with most wallets that are lost and need recovery. Although, some other crypto might have a different model of restoring. Therefore, make sure or ensure to get familiar with the restoration steps and process provided by your distinguish wallet company. Cryptocurrency today has sunk into the world's market, many investors and crypto users are full of speculations on which cryptocurrency is to be trusted and which is not to be.
As an investor, it's great to take a risk in business but not that one should willingly throw bulks of money away. Einsteinium is a new cryptocurrency that is taking over the crypto market as it also aids scientific research and development. However, The trust that users and investors have in Einsteinium evaporates from its anonymity in terms of using the cryptocurrency to show support to scientifically inclined people.
Einsteinium network is also an open-source and a hundred percent decentralized network. The direct interpretation of this is that anybody without discrimination can gain access to the whole source code at any anytime and place.
A developer can with no stress display how Einsteinium operates efficiently with no complications. People are joining to become Einsteinium users control and posses the network. Einsteinium being a system based on agreement usages and operations, every user on the network is permitted to access a section of it.
Be it that you are putting money into it or works judiciously as a miner, the network cannot be done or complete without you hence making it that everyone gain access and entry to the work process and development of Einsteinium. This sense of belonging and recognized identity has contributed to the rapid growth of Einsteinium and as well get more people to participate, associate, relate, protect, and commit to taking Einsteinium ahead and to the very next level which would make it be reckoned with in the crypto world.
As we all know that Einsteinium enables a peer2peer P2P as most did other cryptocurrencies, there is no third party required to make payment, which hereby keeps transaction personal and have no other person poke into your account or wallet. People are given assurance of the possibility to make prompt payments at good rate of low costs. This means that you can easily do without exorbitant institutions just like banks.
By cutting off the policies of bureaucracy, lots of people have seen enough reasons to undoubtedly trust the system with no trace of doubt and uncertainty. People trust einsteinium because they chose the right and quicker choice of payment. Over time, nothing has driven people into the crooked path of engaging in illegal dealings as alternatives to survive than heavy taxation. Even in some cases, people are forcefully forced to open bank accounts in foreign countries in jurisdictions with shrewd tax rates.
But as for today, Einsteinium has given unto the people a new path and destination for investing hard earned cash. Einsteinium is cryptocurrency in anonymity that can never be reached or breached by any governmental body and therefore, makes it likely impossible for it to be reached for heavy taxation or as the case maybe, frozen by courts. It is no longer a gainsay that cryptocurrency is taking over the global market, and it is of prior objective for investors to observe the market before investing, whereas, trusting a market is extremely profitable so one would not run into a loss.
Einsteinium has been around for several years, and it has not disappointed its users. Einsteinium is an international digital cryptocurrency established on a decentralized, secure and open ledger blockchain. The Einsteinium coin which is abbreviated as EMC2 was created to be the source of funds for philanthropic, technological and scientific projects sponsored by the Einsteinium Foundation. It became well used, and it received more action in the Spring of However, it began on March 1st, when the first block became available for mining.
It, therefore, became the first research and scientific focused Non-Profit Organisation in the cryosphere. It makes use of a proof of work script algorithm for its circulation that is similar to Bitcoin's algorithm.
The foundation is the first cryptocurrency-backed Non-Profit Organisation, and it is the organizational counterpart of the Einsteinium coin. It was created to raise funds to provide for important and cutting-edge technological and scientific research. The Foundation is of the belief that scientific research is a significant long-term investment for the future. In fact, the defining features of the Foundation are its ongoing dedication to charitable missions and research globally as well as the development, maintenance and safeguarding of the Einsteinium currency.
Funding for scientific research has fallen in the past years, and the idea of the foundation is to observe several nominated "important" projects and put them up for a general vote. The foundation has an allocated 2. At the end of each Epoch the time it takes miners to compile 36, blocks onto the public ledger of Einsteinium , which is approximately 25 days, members of the Einsteinium community are required to vote on the research which enables a groundbreaking cause, and that is worthy of funding.
The proceeds of each epoch are given to the selected scientific project. To support all other groundbreaking and highly relevant scientific research, the Foundation aims at building long-lasting relationships with other scientific organizations and NPOs globally.
In addition to its scientific research and technological developments funding, Einsteinium Foundation also promotes and advocates for education. It is working on educating active and interested people on blockchain technology, modern technological and scientific improvement ends. Also, it portrays an open source ecosystem that cultivates code functionality. The first award which was worth , EMC2 was given to Dr. Walter Moss in April on his cancer research study. Theresa O'Keefe of Mend Therapeutics was awarded , for her research into Diabetes the following month.
The crowdfunding platform was first used in the third project which was a research conducted by Robbert Havekes on sleep study adverse impacts of sleep deprivation on memory processes. The Crowdfunding Platform is an essential component of the Einsteinium ecosystem, and it enables the community at large to support globally relevant scientific research.
The Platform allows for award recipients to receive more than the Foundation could immediately cater for. The Havekes Project Campaign was carried out on Indiegogo, and it started on 1st January and ended on 30th of January A "wormhole" event occurred randomly and lasted for blocks during each epoch with a reward of 2, coins per block. Though this feature was great for marketing EMC2 in its early stages, it increased the tendency for abuse and was no longer importance with EMC2's established user base.
The feature was removed via a hard fork. The Hard Fork entails making a fundamental change to the protocol in blockchain technology. It requires users to upgrade to the protocol software's newer version. The einsteinium hard fork occurred on the 10th of Dec and max supply reduced from M to M with m in circulation. The hard fork is an updated code with a lower quantity of 55 min burn. The purpose of the hard fork was to make EMC2 blockchain much more secure, stable and ready for serious investments.
It also moved to rank 32 on the list of cryptocurrencies ranked by market capitalization. After Einsteinium made the hard fork announcement, people bought the currency en masse in the hopes that the coin's price would soar after the hard fork. However, this was not the case as it led to a price drop. ATW TECH is an establishment with the vision to provide businesses and consumers with an interactive and enriched communication experience based on data-crossing of big data and psychometry through artificial intelligence algorithms.
The plan was for Voxtel, a subsidiary of ATW Tech to implement EMC2 crypto coin in all its platforms such as social communities, messaging, gaming and voice services to diversify its payment options. A four-phase deployment plan was created which included steps that would see Voxtels'payment gateway' integrated by Einsteinium to facilitate transactions of EMC2, a mobile wallet for Voxtel's customers implemented. Also, Voxtel's chat and gaming environments implemented a peer to peer exchange for EMC2's digital currency.
Finally, the plan also encompassed strategies for converting EMC2 into major world's currency such as Euro and the American and Canadian Dollar. On April 20, , it was announced by ATW Tech that the first phase of the plan which involves the inclusion of blockchain technology into its various platforms such as fundraising, voting and gaming had been implemented.
The partnership is to serve as insurance to reach a wider audience, and it will further simplify transactions among users. The Einsteinium cryptocurrency was founded and developed by the Einsteinium Foundation , and it is at the center of all the Einsteinium Foundation activities. Its purpose is financing the several projects that the Foundation is involved in.
It stands out amidst its peers for the Einsteinium Foundation mission and vision, and this is because it is not only concerned with being the primary medium of exchange in the cryptosphere but its purpose is to be a charitable fund that facilitates educational, technological, scientific and blockchain-based projects.
Einsteinium cryptocurrency which is aptly abbreviated as EMC2 is acknowledged as the currency for the future of scientific communities. It is a Bitcoin-like currency but with a liberal agenda. You may ask, why would anyone mine something that offers fewer rewards as the blockchain expands?
Two Words: Wormhole Events. In fact, the Einsteinium team believes it will make mining even more profitable in the future. Seeing as block rewards for these events are constant, miners will be incentivized to mine for Wormhole occurrences alone, as they will appreciate in value alongside the currency itself. Until things really got underway with the Einsteinium Foundation in early , trading volume was basically flat for EMC2. Recently, however, EMC2 has gone parabolic.
It also trades for Litecoin on Cryptopia, but the volume for this trading pairs has only been 0. Over the last 24 hours, the majority of its Bitcoin volume has run through Bittrex at The coin has a core wallet for Windows and Mac, and a mobile wallet is available through Coinomi for Android devices.
Barring Conomi, there are no third party wallets that support EMC2. Einsteinium primary use will be as a fundraising platform for charity and scientific research, but the Einsteinium roadmap reveals a bright future for the expansion of the coin and its services.
These include a number of platforms that are tied to the EMC2 coin, including a social media app and an online marketplace. The social media app would include a private messaging function, a public posting feed, and a payment option for users to send EMC2 to their friends, and the marketplace would be just that, a marketplace to buy and sell goods online for EMC2. No other cryptocurrency is doing what Einsteinium is doing. Their mission is unique, respectable, and full of conviction, and the Einsteinium Foundation has the potential to really make an impact in the field of research fundraising.
If you believe in what EMC2 stands for, it would be at least worth buying to contribute to its philanthropic vision. Uniswap Labs —the entity behind the leading decentralized exchange DEX Uniswap— recently announced the launch of a…. Colin is a freelance writer and crypto-enthusiast based in Nashville, TN.
What is Einsteinium? Colin Harper.
The Cryptocurrency. Einsteinium is a digital currency which uses an immutable, decentralized open ledger called a blockchain to ensure security. The live Einsteinium price today is $ USD with a hour trading volume of $3, USD. We update our EMC2 to USD price in real-time. Einsteinium is. Einsteinium is % below the all time high of $ The current circulating supply is EMC2. Discover new cryptocurrencies to add to your.