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Einsteinium (EMC2) is a lite version of Bitcoin that was released in March 2014 to help support and raise funding for scientific research. The scrypt-based coin was created to collect funds which are distributed to science projects that the community chooses. The, which is responsible for the creation of the coin, believes scientific research is a necessary long-term investment for the future. The foundation notes that funding for research has fallen drastically in recent years, and it wants to “fund the future with the future of currency.” Science projects considered worthy are nominated every month and put up for a general vote. The winner of the monthly vote receives the proceeds collected in the respective month.

Take your money and start to mine for free coin. Then you can use that free coin to invest without the worry. How do I buy Einsteinium EMC2 coin in India?

The Einsteinium Foundation was officially registered as a non-profit on April 7, 2017. It is the first non-profit dedicated to science research that is registered in the crypto world. The foundation hopes to build relationships with other non-profits around the world and secure grants to support all kinds of innovative science projects. As of fall 2017, the foundation has donated 16 million EMC2 coins to research. Einsteinium Pricing, Market Cap and Volume. Einsteinium has a hard cap of 299 million coins, which will be mined after 730 epochs. A total of around 55 million coins were burned from the total supply via the hard fork that removed the wormhole feature.

As of December 2017, there are 216 million EMC2 coins in circulation with a market cap of $94,325,372 and a 24-hour volume of $17,800,900. The value of EMC2 rose from $0.0025 in early 2014 to just over $0.50 in the fall of 2017, and is expected to continue rising well into 2018.

How Einsteinium Works Like most older currencies, Einsteinium is a distributed peer-to-peer cryptocurrency released without any pre-mined coins. Einsteinium uses a proof-of-work algorithm and unlike other similar cryptos, 2% of EMC2 coins mined in every block are automatically credited to the foundation’s donation pool. Mining of EMC2 is divided into epochs, and each epoch lasts for approximately 25 days and mines 36,000 blocks. When an epoch ends, a new research project is nominated to receive the donations collected in the next one. The Einsteinium Foundation’s first financial contribution was to, a post-doctoral scientist at Yale University who is researching whether viral molecular structures can cause cancer.

Moss received 526314.56 EMC2 (approx. $1,000) delivered via the scientific research crowdfunding site, Experiment.com. Einsteinium’s “Wormhole” Mechanism Einsteinium used a “wormhole” feature to reward dedicated miners, create volatility on the market, and capture the interest of the crypto community. A wormhole event randomly occurred during each epoch and lasted for 180 blocks with a reward of 2,970 coins per block. The foundation announced in October 2017 that it is. The decision reduced the total supply of EMC2 by 55,075,320.

While the feature was great for marketing the coin during its infancy, it increased the potential for abuse and is now no longer necessary since EMC2 has an established user base. The hard fork was supported by all the major exchanges that carry EMC2. The Future of Einsteinium The Einsteinium Foundation has an ambitious road map that details its plans for the future of EMC2 after it completes 730 epochs. It includes the following: Web wallet – store your coins in a secure online wallet that allows users to create and receive invoices while managing their developer licenses. EMC2 mobile – a mobile wallet that gives users the ability to do everything they can do on the web wallet while on the go. API – the foundation is working on an API that will allow blockchain developers to create crypto apps on the Einsteinium network.

EMC2Me – a crowdfunding platform for scientific research and cutting edge crypto projects where community members can vote on which projects the proceeds should be awarded to. This platform will be a continuation of Einsteinium’s original goal. Social media platform – The developer team would like to create a messenger app that lets users chat and send gifts (flowers, love, kisses, etc.) with coins attached to their friends and family as way to have fun with EMC2. Super wallet – a wallet that lets you buy EMC2 using major credit cards. You can even use it to schedule future purchases or repeat buys. 4YOUEMC2 – an e-commerce store where you can buy and sell products and services using EMC2.

Einsteinium SDK – a wrapper around the EMC2 API for technologies like Java, PHP, node,js, Magento, C#, etc. It will help developers easily integrate EMC2 into businesses by simply opening a developer account on the web wallet. Einsteinium debit card – a fully functional debit card you can use to load up your EMC2 and pay for purchases. Einsteinium Awards – An annual event organized by the Einsteinium Foundation to recognize the best researchers in science and technology. Chosen nominees will be given a trophy as a sign of appreciation for their hard work and dedication to science and the future of humanity. Acquiring and Storing Einsteinium EMC2 can be traded on Poloniex, Bittrex, Cryptopia, Alcurex, and Upbit in exchange for BTC. Bittrex and Poloniex have the largest volume of EMC2 by market.

EMC2 has an official that is available on Windows and OSX. The coin is also supported by the Coinomi wallet on Android. Liquidity of Einsteinium Einsteinium is a very liquid altcoin. It has been trading on exchanges since early 2014 and has a distinct advantage over most altcoins because it is listed on the two most important crypto exchanges, Bittrex and Poloniex. Over the past few years, EMC2 has managed to pick up volume and price, and has been targeted by speculators and “pump n dump” groups. While EMC2 will likely never be worth much in real-world currency because of the sheer volume of coins in circulation, $1 per coin is not out of the question if the developers continue maintaining the coin and the foundation’s vision of raising money for science.

Related Cryptocurrencies • • • • •.

What is Einsteinium? A Beginner’s Guide You may have noticed a new coin, Einsteinium, has crept its way into the market top 50 out of the depths of CoinMarketCap’s lower rankings. Actually, it more accurately lept up to its new spot, in a matter of days. Taking it’s cue from of the same name, Einsteinium is a cryptocurrency designed to fund scientific, technological, and philanthropic projects. The Einsteinium coin, fittingly abbreviated EMC2, is the source of this funding and circulates using a proof of work algorithm similar to So in practice, EMC2 functions as if someone took Bitcoin and combined it with a charitable fund.

So how does Einsteinium accomplishes its philanthropic mission and what makes it so attractive to investors? Let’s get to it. Einsteinium: What it is, How it Works began back in 2014, but it didn’t see much action until 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, becoming the first research-focused NPO in the cryptosphere.

The Einsteinium Foundation is the Einsteinium coin’s organizational counterpart, a hub for the project’s charitable and research funds. Under its proof of work mining system, the foundation receives 2.5% of every block reward. Of this yield, 0.5% goes towards faucets, marketing, and donations, while the other 2% goes towards funding scientific research. You might be wondering how the Einsteinium Foundation chooses which projects get funded and how much funding they receive. Well, to understand this, you’ll need to know how epochs work within EMC2’s proof of work consensus. So What’s an Epoch? Is the time it takes miners to build 36,000 blocks onto Einsteinium’s public ledger, or approximately 25 days.

After an epoch is completed, the proceeds from the Einsteinium Foundation’s block rewards from that epoch goes on to fund research or projects in scientific, technological, or blockchain industries. Members of the Einsteinium community are asked to vote on which project they believe demonstrates the most potential and is most worthy of funding. There will be a total of 730 epochs within which miners can receive block rewards. Under Einsteinium’s model, the yield of block rewards scales downward as the network graduates to each new epoch, so as time goes on, the number of coins that each reward offers will decrease. In the first two epochs, for example, block rewards were 1,024 EMC2.

By the final epoch, the block reward will only be a single Einsteinium token. You may ask, why would anyone mine something that offers fewer rewards as the blockchain expands? Two Words: Wormhole Events The Wormhole Event is Einsteinium’s unique contribution to the proof of work model.

The phenomenon occurs at random within each epoch and lasts for 180 blocks, during which time a block reward of 2,973 EMC2 replaces that epoch’s standard reward. This lottery system is supposed to keep mining attractive to the blockchain’s mining community, and it’s also meant to compensate for the decrease in block rewards with each successive epoch.

In fact, the Einsteinium team believes it will make mining even more profitable in the future. The more the EMC2 coin increases in value, the more lucrative Wormhole Events will become. Seeing as block rewards for these events are constant, miners will be incentivized to mine for Wormhole occurrences alone, as they will appreciate in value alongside the currency itself. Einsteinium Trading History Until things really got underway with the Einsteinium Foundation in early 2017, trading volume was basically flat for EMC2. From 2014-2017, for instance, it traded statically for less than a 10th of a cent until steadily climbing to $0.08.

Recently, however, EMC2 has gone parabolic. It spent most of November and December climbing to a healthy $0.80, and in the past two days, it broke through $2.00 to an all-time high of $2.77. Einsteinium was asleep for quite some time and, given the project’s promise, it was due for a sliver of the limelight. However, it’s most likely that EMC2 ‘s upcoming hard fork have driven this surge in investor confidence. Where to Buy Einsteinium If you want to buy EMC2, it’d be best to get some and head over to either, Poloniex, or Cryptopia. It also trades for on Cryptopia, but the volume for this trading pairs has only been 0.01% in the last 24 hours. Over the last 24 hours, the majority of its Bitcoin volume has run through Bittrex at 82.98%, while Poloniex comes in second at 16.52%.

Einsteinium’s website also lists Upbit as a possible exchange, but as of this writing, CoinMarketCap has no record of this exchange. Where to Store Einsteinium offers downloads for a newly released wallet meant to accommodate an upcoming fork. The coin has a core wallet for Windows and Mac, and a mobile wallet is available through Coinomi for Android devices. As detailed in their project’s roadmap, the EMC2 team is working on a web and mobile wallet.

Barring Conomi, there are no third party wallets that support EMC2. Roadmap and What’s to Come Einsteinium primary use will be as a fundraising platform for charity and scientific research, but the Einsteinium reveals a bright future for the expansion of the coin and its services. These include a number of platforms that are tied to the EMC2 coin, including a social media app and an online marketplace. The social media app would include a private messaging function, a public posting feed, and a payment option for users to send EMC2 to their friends, and the marketplace would be just that, a marketplace to buy and sell goods online for EMC2. In the realm of enterprise applications, the development team is working on Einsteinium SDK, an API that will allow businesses to implement the EMC2 model.

And like many other cryptoassets, they’re also working on a debit card that holds EMC2 for offline payments. Final Thoughts No other cryptocurrency is doing what Einsteinium is doing. Their mission is unique, respectable, and full of conviction, and the Einsteinium Foundation has the potential to really make an impact in the field of research fundraising. If you believe in what EMC2 stands for, it would be at least worth buying to contribute to its philanthropic vision. If you’re looking to make some money, investing will likely pay off as the company grows and draws attention to the projects it funds. The coin’s Wormhole Events will also make it an attractive mining prospect as time goes on.

Overall, you really can’t say too much against Einsteinium. We think using crypto to fund scientific pursuits is pretty rad, and we’re excited to see the kinds of research Einsteinium will make possible in the future.