Warning
There are inherent risks associated with investing and trading in crypto currency. Participants in the Edgecoin community must consent to be aware of these risks. Therefore, they are advised to get professional advice from financial and legal experts.
The contents of the white paper and website of the company is for giving users information about the programs and prospects of the company. It was obtained from a perceived reliable source. Nonetheless, it is not advice for investment. The management can amend some programs in the community and relay information about the changes through social media handles.
The Edgecoin community will not be liable for any loss or damages incurred by its users in dealing with the community.
Introduction
The Defi system has been booming recently with various platforms and applications that are being launched to provide solutions to the challenges in the centralized finance system. Despite the eruption of these platforms, none has provided solutions to the challenges that are faced in the payment and processing of education related fees in institutions. Students pay a lot of charges and pass through stress in paying fees in institutions. The management of the institutions also use middlemen in processing these fees, which they as well pay a lot of fees. Thereby wasting both human and financial resources.
The Edgecoin community was established to provide lasting solutions to these challenges with some great features that will reward its participants and also encourage them to hold their tokens for a longer time, thereby building confidence in the Defi system. It is the first digital platform that will provide online avenue for payment of education related fees, such as tuition, accommodation, etc. It is a fully decentralised community that is built on the greatest network in the Defi system - the Stellar. Stellar has great features and applications that will allow users of Lunaland to spread their tentacles and diversify their investment portfolio.
Edgecoin Vision
The management of the community is building one of the top leading crypto currencies in the system. They want to assist in facilitating easy and transparent education institutions' payments processes in a digital platformThere are unique features in the community that differentiates them from other Defi platforms, and which will bring tremendous development in the crypto world. Some of the features include the DApp which will feature measures that will guarantee free, cheap and secured transactions.
Edgecoin Decentralised Application
The Edgecoin community has established a unique decentralised application. The App was designed for payment of education related fees for various institutions across the globe. The transactions in the application are cheap, permissionless, easy and secured. Interested institutions should login and register in the application to avail their students the opportunity to enjoy cheap and convenient payment of fees.
Users of the application will have to sign in. Individual users must complete KYC while the partner institutions will complete AML procedures. The transactions on the application is based on smart contracts for transparency purposes.
Specification of Contracts in Edgecoin
The Edgecoin community is based on smart contracts that are built on the Stellar network on XLM standard. Every smart contract on the platform must be approved with an online and offline key, which is generated with a Higher Security Module that has reached a certain stage. The key is regarded as a Signer. High risk contracts require at feast 2 Signers for its approval.
The contracts are presented in the form of "Builds*. A Build that is launched in the community is introduced with a Proxy to the store of the Edgecoin ledger. Once a Build is introduced and accepted, further instructions are taken from it and other old Builds remain invalid.
Contract Security
There are measures established in
the Edgecoin system to ensure its security. Every high risk operation in the community is approved with a key. The key is generated through a higher security module (HSM) that has reached a certain level, and stored in an offline storage system. Such HSM is referred to as a signer. At least two signers are needed for the approval of any high risk operation. The execution of the approved high risk operation is delayed for some stated time to allow for detection of any harmful risk. If there is any risk detected, the operation is cancelled.
Supervision of Edgecoin Community
The Edgecoin management will engage a third-party organization that will oversee the activities and transactions in the entire Edgecoin community to make sure that it comply with the standard financial laws of the United Kingdom. A reputable accounting firm will also be hired to conduct routine audit of transactions to ensure safety and transparency, in order to achieve the set value of 1:1 ratio of the EDGT to the USD.
Project Links : https://twitter.com/edgecoinpay
https://www.facebook.com/edgecoinpay
https://www.linkedin.com/company/edgecoinpay
https://www.instagram.com/edgecoinpay/
https://www.youtube.com/channel/UC5ekVAo2GXdMPcM03Y6r78g
https://t.me/Edgecoin_chat
https://www.edgecoinpay.com/
Writer Details:
BTT Username : Raynnamdi
BTT Profile URL: https://bitcointalk.org/index.php?action=profile;u=3350563
P. O. A : https://bitcointalk.org/index.php?topic=5347431.msg57571416#msg57571416
Eth Address : 0x191c0625ccA98fAC91e99c5473cF856e482D3447