What is Einsteinium?
Have you already noticed a new coin called Einsteinium with a promising market cap? It has recently appeared on the market. Initially, the emc2 price was ~$0.80, and now it’s gone up to over $2.00 (current price emc2). The Chairman of Einsteinium foundation is one of the board members and has been a regular crypto investor and a serial entrepreneur.
Einsteinium is a digital community-driven cryptocurrency created in order to fund scientific and technological projects. It leverages blockchain technology to raise capital for scientific research. This is accomplished through a mining tax that creates a pool of funds to provide grants to deserving applicants. The EMC2 coin functions, as well as Bitcoin, does.
So in practice, EMC2 works as if someone took BTC and combined it with a charitable fund. No part of the content that we provide constitutes financial advice, legal advice, or any other form of advice meant for your specific reliance for any purpose.
Do you want to know how EMC2 reaches its goals and why it is so appealing to investors? Let’s find out!
Einsteinium coin: What it is, How it Works
Einsteinium dates back to 2014, but it didn’t see much action until the Spring of 2017. On March 1st, the Einsteinium Foundation officially launched, and by April, it officially registered as a Non-Profit Organization in Montreal, Canada. Einsteinium is built on open-source technology and has already made its mark as an important part of the Bitcoin community.
The Einsteinium Foundation is the Einsteinium coin’s counterpart, a center for the project’s charitable and research funds. Under its proof of work mining system, the foundation receives 2.5% volume of every block reward. Of this yield, 0.5% goes towards donations and marketing, while the other 2% volume goes towards funding scientific research. This algorithm makes miners compete against each other in order to finish transactions on the network and get rewarded at the same time.
You may be interested in how the Einsteinium Foundation community selects which scientific project to fund and how much funding they receive. To find it out, you’ll need to know how epochs operate within EMC2’s proof of work consensus.
An Epoch. What is it?
An epoch is a time miners need to build 36,000 blocks on Einsteinium’s public ledger.
After an epoch is finished, the profits from the Einsteinium Foundation’s block rewards from that epoch go on to provide grants for research or projects in technological, scientific, or blockchain fields. The Einsteinium community’s members and the Einsteinium Foundation’s fund are to vote for the project that, in their opinion, shows the most potential and is most worthy of receiving money. Mined blocks will make a compulsory 2.5% donation to the Einsteinium Foundation’s fund.
There are going to be 730 epochs within which miners can get block rewards. Under Einsteinium’s model, the yield of block rewards goes down as the network graduates to each new epoch, so as time goes on, the number of emc2 coins volume that each reward offers will decrease. For instance, in the first two epochs, block rewards were 1,024 EMC2. By the final epoch, the block reward will only be a single Einsteinium token.
Trading history of Einsteinium
It’s worth saying that trading volume was basically flat for einsteinium (emc2). For example, from 2014-2017, it traded statically for less than a 10th of a cent until steadily climbing to $0.08. The market cap has risen since then, too.
Recently, however, EMC2 has gone parabolic. It spent most of November and December climbing to $0.80, and in the past two days, it broke through $2.00 to an all-time high of $2.77. It has a circulating supply of 220 Million EMC2 coins and a max supply of 245 Million. Einsteinium currency claims no coins have been pre-mined since its inception. The Kimoto Gravity is powered by the Kimoto Gravity (with a 50% block reduction and a 60 second block time to democratize the mining process.). EMC2 coin is a Scrypt coin that uses the Kimoto gravity.
It follows the proof of work algorithm similar to Bitcoin’s underlying algorithm. It also provides one of the best rates by comparing rates across all major exchanges. The current CoinMarketCap ranking is #474, with a live market cap of $76,474,292 USD. It has a circulating supply (the term circulating supply, unlike market cap, refers to the number of crypto tokens that are public-accessible and circulating in the market)of 221,651,862 EMC2 coins and a max. supply of 245,465,283 EMC2 coins.
Where to Buy Einsteinium (emc2). Einsteinium price
Do you want to purchase emc2? The best option would be to get some Bitcoin and head over to either Bittrex, Poloniex, or Cryptopia. It also trades for Litecoin on Cryptopia (but the volume for this trading pairs has only been 0.01%). In addition to tracking price, volume, and market cap. The community values you and does not share your data with anyone else.
Einsteinium’s website also lists Upbit as an available exchange. As the network grows, it needs to remain accurate and fast without compromising its security. The Einsteinium price today is $ 0.352206 USD with a 24-hour trading volume of $5.20M USD. You can view the total and circulating supply of Einsteinium, its volume, and exchange.
Where to Store Einsteinium
Einsteinium’s website offers downloads for a newly created virtual wallet which is meant to accommodate an upcoming fork. The coin has the main wallet for macOS and Windows, and a mobile wallet is accessible through Coinomi for Android devices. First of all, you need an account to start to store your coins. This account should be on WorldCoinIndex. Einsteinium foundation’s roadmap shows that the EMC2 organization is developing a web and mobile wallet.
Roadmap and What’s to expect
The key usage of Einsteinium is to raise capital for charity and various science projects. Additionally, the Einsteinium roadmap reveals a bright future for the expansion of the einsteinium (emc2) community and its services. EMC2’s roadmap talks about its linkage with other platforms as well.
The services involve the number of platforms connected with the coin. It includes an online marketplace and a social media app. The last would consist of a public posting feed and a private messaging function. It would also include a payment option for the users to send EMC2 to their friends.
In the field of enterprise applications, the development team is working on Einsteinium SDK, an API that will give an opportunity to businesses to implement the EMC2 model.
Moreover, they are also developing a debit card holding einsteinium (emc2) for offline rewards. Einsteinium price is not supported by Coinbase. Data and data structures may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.
Every cryptocurrency is unique. That’s why no other crypto functions as Einsteinium does. Their aim is exclusive and respectable. The Einsteinium Foundation aims are to make an impact in the field of research fundraising and raise awareness for myriad projects and causes.
If you think it’s worth believing in what EMC2 stands for, then you can purchase some emc2 to contribute to its philanthropic vision. Should you look for earning money, your investment will pay off, yet the company is growing and drawing attention to scientific projects it funds.
All in all, there’s nothing to be said against Einsteinium. We suppose that using emc2 to fund scientific research is rather unconventional. We are really carried away to observe the kinds of research Einsteinium will make possible in the future.
What is the highest Cryptocurrency in the world?
The highest digital currency in the world is considered to be Bitcoin. It is the original crypto, and it remains the leader in this community. The market capitalization of the world’s top virtual coin is more than $125 billion, with a price per coin of more than $7,305.
Where can I buy EMC2?
Unfortunately, there is no direct way to purchase einsteinium (emc2) with hard cash. Nevertheless, you are free to use any marketplace community such as LocalBitcoins to first buy Bitcoin and complete the rest of the mining process by transmitting your bitcoin to respective AltCoin exchanges. EMC2 Price to USD$ 0.3036. LocalBitcoins is a peer-to-peer Bitcoin exchange. The trading emc2 price is an outlier against the average. But the currency saw an instant drop in its trading price. Also, you need to remember that the einsteinium price is constantly changing.
Where can you store EMC2?
You are able to store EMC2 coins on digital wallets. You need an account on WorldCoinIndex for this functionality. Einsteinium (emc2) has the main wallet for macOS and Windows, and a mobile wallet is accessible through Coinomi for Android devices. Einsteinium is available for trading, ranked by 24h trading volume and the current price. The Einsteinium price page is part of the Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.
What is the EMC2 market cap?
As of today, the market cap of EMC2 is registered at $ 46.93 million. In terms of the market cap, the cryptocurrency rates 422, which is a good result, considering the overall number of coins worldwide.