E=Mc2. The increased relativistic mass (m) of a body times the speed of light squared (c 2) is equal to the kinetic energy (E) of that body. Albert Einstein’s famous equation has become the ticker for a special kind of new Cryptocurrency, Einsteinium.
In its short life, Einsteinium has made quite an impact and is becoming the kind of ethical investment some would like to put their money in. Read on to find out more about this one of a kind coin.
What is Einsteinium?
Einsteinium is a distributed peer-2-peer PoW digital currency released without any premine. It has three years of history. It was originally created as a way to fund scientific research, and a new development team is continuing along that same path. Plans include a crowdfunding platform for scientific and IT projects. The mining tax will also go to funding research.
Since most crypto geeks are interested in technology and science, this coin has always held the community’s interest.
This is the essential part of Einsteinium ecosystem as it directly supports the basic idea behind it, to bring great scientific, school and IT projects (including yours) to the stratosphere.
The team behind Einsteinium believes in education, and are dedicated to share that value with others; One of most important foundation goals is to spread the knowledge and to train and lead new talents into blockchain technology.
As a member of Bitcoin family, the Einsteinium Foundation is committed to the open source world, and improving the core code functionalities.
Einsteinium the coin is connected to the Einsteinium foundation. The Einsteinium Foundation became an official Non-Profit Organization on April 7th, registered in Montreal with NPO corporation number 882658-4.
Through being the first non-profit dedicated to scientific research to be registered in the world of cryptocurrency, the Einsteinium Foundation hopes to secure grants and build long lasting relationships with other NPOs worldwide – in order to support future ground breaking science projects of all kinds.
Initial block value: 1024.
Reward Reduction Method: Block Halving.
Block Target Time: 60 seconds.
Difficulty Re-targeting: DigiShield/KGW.
Current coın Value: $0.040700.
Market Cap: $8,703,619.
24hr volume: $219,154.
Cırculatıng Supply: 213,847,596 EMC2.
Total Supply: 299,792,458 EMC2.
(As of 26/8/2017)
Einsteinium uses a POW scrypt algorithm and will have a total of 299 million coins . 2.5% of each block will go to the Einsteinium Foundation with 2% to be given to science projects and .5% going towards faucets, give-aways and marketing.
The mining of Einsteinium is divided into Epochs, each Epoch is 36000 blocks long and is targeted to last 25 days. At the end of each Epoch, a new ground breaking scientific cause is selected to receive Einsteinium Foundation funding. The Proof of Work mining of Einsteinium will last 730 Epochs.
During every Epoch starting from the 2nd Epoch through to Year 10 a random Wormhole Event will occur. A Wormhole Event is 180 blocks long with a reward of 2973 Einsteinium per block for long term miners. This is a fixed value reward irrespective of the current block reward and replaces the standard reward for that block. A Wormhole Event is randomly generated and can start at any time during an Epoch, but will ALWAYS be 180 blocks long.
As we move past 25th Epoch the Wormhole Events, in conjunction with the rising value of Einsteinium, will be a substantial incentive for smaller miners to continue mining. With a reward of hundreds of times the standard block value up for grabs you won’t want to miss a Wormhole Event.
Einsteinium uses DigiShield Difficulty Re-targeting, which was originally developed for DigiByte, but has since been implemented into Dogecoin and other coins. DigiShield re-targets a coin’s difficulty to protect against multi-pools and an over-inflation of easily mined new coins.
Difficulty is a relative measure of how difficult it is to find a new block. The difficulty is adjusted periodically as a function of how much hashing power has been deployed by the network of miners.
DigiShield re-targets a coin’s difficulty between every block. It was created in response to the threat that multi-pools pose to a crypto currency when they start mining a coin at a very low difficulty in relation to their net pool hash. This allows many coins to be quickly and easily mined before the difficulty increases. Once the difficulty increases the multi-pool leaves a coin, dumps the coins on the market, and then leaves the dedicated existing miners with a very high difficulty and very few new coins to be mined. This leads to a drop in price and frustration among the committed community members & miners of the affected coin.
DigiShield protects DigiByte against this threat and helps ensure greater confidence in any coin that implements it by allowing the difficulty to rise and fall almost perfectly in sync with increases or decreases in the net hash of a coin.
Here is a list of known EMC2 mining pools. If you need any help please contact firstname.lastname@example.org:
On the following links you can download the new, updated EMC2 wallets:
- Windows 64-bit: http://download.emc2.foundation/wallets/einsteinium_x64.exe
- Mac: http://download.emc2.foundation/wallets/einsteinium.dmg
- Windows 32-bit: http://download.emc2.foundation/wallets/einsteinium.exe
- Android Coinomi wallet: https://play.google.com/store/apps/details?id=com.coinomi.wallet
Make sure you have a backup of your existing wallet before starting the new one.
The defining characteristic of Einsteinium is its purported charitable mission. It has a philanthropic side goal of funding scientific research and cutting edge IT and Crypto projects. Community members are allowed to vote on which worthwhile scientific research projects the proceeds should be awarded to.
This characteristic of Einsteinium will likely change how cryptocurrency (CC) is viewed outside of the CC universe.
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