Edgeware

Edgeware

EDG
$0.000198881%-2.24

Key Metrics

Price$0.000198881
Real Volume (24H)$384,944.47
Marketcap$1,262,924.79
Fully Diluted ValuationN/A
ATH$0.056346
ATH Date3/30/2021, 3:42:18 AM
ATL$0.00034883
ATL Date11/19/2022, 6:28:29 PM
Circulating Supply7B
Total SupplyN/A
WebsiteN/A
WhitepaperN/A
Popularity Rank2309
Chart
What is Edgeware?

Edgeware (EDG) is a blockchain network that operates on a Proof-of-Stake (PoS) mechanism, developed by a community-driven network called Edgeware Labs. It is a smart contract platform that allows users to develop decentralized applications (DApps) and use smart contracts for their projects. The platform is designed to support DAO (decentralized organization) by providing users with various operational facilities, including Edgeware collectives, DApps development, and smart contracts. These facilities help to ensure better user engagement and active participation in the platform's tools to develop their projects.

Edgeware was launched in 2018 and released its whitepaper in September 2019, followed by the launch of its decentralized network in February 2020. According to the official website, the platform has a sustainable funding structure, growing organizational structure, and open culture that accommodates the next generation of blockchain-enabled ideas, tools, and services to help users develop their projects more easily.

To support its operational framework, Edgeware introduced its cryptocurrency, the EDG token, which serves many different utilities on the platform. The native token is used for staking purposes and provides token holders with the right to vote, allowing them to participate in governance, elections, and proposal making. The EDG token is also used to pay transaction fees for changes in smart contracts and carry out different operations on the platform.

Edgeware's blockchain operates on a Proof-of-Stake (PoS) consensus mechanism, which means that validators are selected based on the amount of EDG tokens they hold and stake. This ensures that validators have a vested interest in maintaining the network's security and integrity. The platform also uses on-chain governance to allow token holders to participate in the decision-making process and propose changes to the platform.

Overall, Edgeware is a community-driven blockchain platform that provides users with various operational facilities, including DApps development, smart contracts, and Edgeware collectives. The platform's sustainable funding structure, growing organizational structure, and open culture ensure that it accommodates the next generation of blockchain-enabled ideas, tools, and services to help.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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