Education models built on blockchain technology have the momentous challenge of programming their blockchains for powerful performance and efficient productivity to overcome. Given the blockchain’s inherent scalability problem (which results in agonizingly slow communication), decentralized education models have adopted different types of distributed networks to decongest their platforms. In this way, they hope to achieve the quality of communication that’s so crucial to their success. Are their capacities enough for their educational tasks?

The blockchain’s scalability problem

Right now, blockchain technology is where the Internet was at the beginning of the 21st century: agonizingly slow and taking a very long time to upload anything. With the blockchain, this happens because each and every node has to “assent” on the blocks that pass through. Popular blockchain platforms, like Bitcoin and Ethereum, can process around 10 transactions per second on average. In contrast, payment companies like Visa currently process around 5,000 to 8,000 transactions per second on average.
Transactions become more expensive since nodes prefer those with higher prices and the more popular cryptocurrencies raise costs on a highest-price-first-served model.

The slow speed and high cost of blockchain transactions, known as the blockchain’s scalability problem, is one of the issues that hinders the mass adoption of this technology.

Education blockchain platforms and scalability

Over the last year, a cluster of decentralized education platforms cropped up touting services that include:

An enormous array of classes or programs on any single topic imaginable — Tutellus, for instance, has over 120,000 video courses, from how to make the best mojito to official university degrees of the highest level.
Interactive learning — Blockchain technology promises real-time immediate streams of communication between teachers and students. In its 2017 Joint Research Centre report of the blockchain in education, the European Commission noted that the blockchain is excellent for blended learning where virtual technology is combined with real-time, face-to-face communication.
Storing permanent records like degree and course certificates. These can be permanently secured on the blockchain for third parties to directly confirm their validity.
Payment and funding — The blockchain could allow students to pay for their education with cryptocurrency, which would eliminate barriers such as restricted access to bank accounts or credit cards depending on the country of origin.
Given the scalability problem, it makes you wonder how educational models built on blockchain technology could have the audacity to promise such services from a system that is notoriously slow. Don’t each of these offerings take up a huge amount of bandwidth? And doesn’t communication have to be extremely rapid, if not instant, for these effects to take place?

Do education platforms have the scalability problem to start with, or are their current capacities enough for their educational tasks.

What is Edgecoin?

In more detail, Edgecoin (https://www.edgecoinpay.com/) is the world’s first educational currency that provides an open payment system for an educational institution where people can make secure, fast and reliable education-related transactions through a decentralized, stable and reliable application that will work at the speed of the Internet while making full use of the educational infrastructure.

How does it work?

Edgecoin will work through a mobile application that must be downloaded to then register and become part of the ecosystem. In order to participate, customers will have to pass a KYC that will give greater security and reliability to the platform.
Once the KYC is passed, users will be able to buy/sell Edgecoins through the application and from any Stellar (XLM) address, the network where the platform’s own transactions will be determined.
Finally, the purchased Edgecoins can be used in a smart way to push payments to the limit.

List of Benefits

Instant transactions
Reduced costs
The world’s first stable educational currency
Apply Gradecoin automatically while holding Edgecoin
Global and secure system

Staking Pool with Gradecoin

The user will have to connect his wallet through Metamask. Then choose the tokens he/she will want to deposit within the Edgecoin platform and thus be able to start trading. Once the coins are obtained (which will be called W-Edge), users will be able to staking with the imported tokens and be rewarded with Gradecoins automatically. The current major benefits of the staking pool within Edgecoin is that it is a very new project that is not yet listed on exchanges, but you can be rewarded for participating in its pool. In addition, as there is not much participation yet, the reward % is high, around 34% of Gradecoin.

Tokenomics

Edgecoin (EDGT) has a native token called Gradecoin (GRTC) that allows the settlement of intermediary currencies between assets and is based on the Stellar network protocol. Gradecoin is the fuel token for performing resource control of the Edgecoin network.
Name: Edgecoin
Abbreviation: EDGT
Token type: Stable coin
EDGT Value: 1 USD
Supply: 10,000,000,000,000 EDGT

CONCLUSION

Edgecoin (abbreviated symbol EDGT) has one native token called Gradecoin (abbreviated symbol GRTC). Gradecoin is the fuel token for the realization of Edgecoin network resource control, with a maximum total limit of 10 billion. There is no minimum unit of GDRT and the token can be subdivided. In the Stellar blockchain where Edgecoin runs, 10 billion EDGT’s are generated, Gradecoin has not yet been generated. 10 billion GRTC, corresponding to the 10 Billion
EDGT’s will be generated through an investment plan where a yearly payout of different percentages will be given based on the purchase amount of Edgecoin. If EDGT is transferred to a new address, the subsequent GRTC generated will be credited to the new address. When a large number of spam transactions occur, Edgecoin can be used to priorities transactions and smart contracts with qualified identity. Transactions and smart contracts with no qualifying digital identities can get priority by paying GRTC.

Useful links to projects:

Website: https://www.edgecoinpay.com/
White Paper: https://www.edgecoinpay.com/Official-Whitepaper-Of-Edgecoin-Year-2021-2-1.pdf
Twitter: https://twitter.com/edgecoinpay
Facebook: https://www.facebook.com/edgecoinpay
Telegram: https://t.me/Edgecoin_chat
Instagram: https://www.instagram.com/edgecoinpay/
Youtube: https://www.youtube.com/channel/UC5ekVAo2GXdMPcM03Y6r78g

Author

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