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What is ECC coin (is EC coin real)

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What is ECC coin (is EC coin real)

What is ECC coin? According to official information, what is ECC coin? What’s the use of it. According to the introduction, ECC Coin (abbreviated as “eCC”) is a decentralized autonomous organization based on blockchain technology initiated by the ECC community in April 2020. Its core is to use Bitcoin, Ethereum technology and encryption technology of various digital currencies, and reward the network through mining

It is reported that the project is led by RippleVentures, an American Silicon Valley investment company, and other investors include Goldman Sachs, a16zCrypto, SBI Holdings and other well-known investment institutions and Family office; Meanwhile, Ripple has also established a partnership with Coinbase

Is EC coin real

According to the official information of EC coin, the platform was launched on its main website on February 26, 2019. According to its introduction, there are currently two main roles in the issuance mechanism of EC: the controller (miner) and the executor (trader). The role of the controller is to receive tokens and allocate them based on block size; The executor completes the accounting by using the currency in the wallet. This means that users can exchange for EC coins anytime through the internet. In addition, users who participate in voting can earn profits by holding EC coins, or directly pledge EC coins to others to extract EC.

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