The purpo se of the digital coin named Einsteinium is to fund quickly and directly leading scientific projects and research. Its mining tax creates funds that provide an endowment for the approved applicants. It is based on the blockchain technology and was launche d in Canada in 2014, but only experienced an increase in value three years later - in 2017.

Einsteinium (abbreviated EMC2) became the first research-based ecosystem in the cryptocurrency community and conditioned the development of the Einsteinium Foundation, which focuses on charitable and crowdfunding donations for various scientific research. The creators of this platform have arranged that 2.5% of every awarded blockchain is being donated for different funding analysis in the philanthropy, technology, and science sectors.

This open source ecosystem is making the collecting of funds a lot easier because the resources raised for scientific research are not mediated by any middlemen, and have the characteristic for the blockchain platforms involvement of only two parties.

Einsteinium also focuses on education and is helping people, who are interested in the latest scientific improvements and specifically in the blockchain technology, to learn about them.

EMC2 merely works: whenever a blockchain is mined successfully, the miners are rewarded, and 2.5% of their profit goes to funding scientific projects. The term "Epoch" means: an Epoch represents 25 da ys, and this is the timeline needed for miners to complete 36.000 blocks. After finishing it, the raised funds are transferred to the Einsteinium Foundation, then the members who work actively on the platform that are either holding the coins or participa ting in the mining, vote for the project that they find most deserving of the funds. This process is repeated after every successfully built 36.000 blocks and creates an unending cycle of funding leading projects.

Comments