What is EDRA and Why do we Need it?

 What is EDRA and Why do we Need it?

Hello, we are the EDRA team, the creators of a real cryptocurrency that will be used in the real economy. Today we are here to introduce EDRA. We want to give you the basic information on our coin and why we believe you need EDRA. Our team starts every post with this phrase: “A real cryptocurrency that will be used in the real economy.” To put it simply, that is what EDRA is. But there’s more to it. This article will explain EDRA to you and discuss why it is necessary.

1. EDRA Reduces Communications Costs that only seem to be Going Up

The entire world’s population has reached 7.5 billion. The smart phone boom started in the late 2000s, and now, more than half the entire population uses smart phones. We live in an era when data is absolutely necessary. Statistics tell us that the OECD per capita spending on communications costs is 40 dollars. These costs are higher in more developed countries, such as South Korea. If we include the cost of the mobile device itself, then we easily spend about 100 dollars per month to use our phones. We live in a world where smart phones are required. If we must use them, then there must be a solution to the rising costs.

2. Helping you Take Part in our Economy without Harming the Environment

If we look at the top 5 coins listed on Coinmarketcap, such as Bitcoin, Ethereum, and Bitcoin Cash, we see a lot of proof-of-work coins. This is not merely a proof of work as the term seems to mean, but it is the verification of blocks using computational power. In this system, rewards are given to miners who make these verifications. The problem is that as time goes by, the mining difficulty increases, and this in turn demands more computational power. When this happens, more electricity is consumed. The bad thing is electricity consumption releases carbon dioxide into our ecosystem to harm it. EDRA’s hybrid mining solution attempts something completely new. Blocks are efficiently verified and inefficient electricity consumption is avoided. EDRA offers a realistic solution to the current mining problem. It is okay for us to pursue a profit, but chasing after a profit at the expense of our future ultimately results in a loss. EDRA is the solution that protects the ecosystem while giving you the chance to make a profit.

3. Benefits for Both Businesses and Individuals

Existing cryptocurrencies are centered on miners. It is structured so that mining businesses that first enter the market make the most profit. Whoever puts in the most capital and begins mining wins in this system. Regular businesses and individuals cannot win here. It is a zero-sum system in which only huge mining companies who bring in immense capital make money. However, EDRA’s hybrid mining system allows individuals and businesses to benefit. The consumer uses the EDRA application to both automatically and actively mine coins, and businesses advertise their products on the EDRA platform. EDRA creates a platform for businesses and a currency for consumers so that we have winners on both sides and not just one. An ecosystem where everyone wins – this is what EDRA wants to provide.

In Conclusion

If someone asks the question, “Why do we need EDRA?” the answer is EDRA reduces communications costs, solves the current mining problem, and creates a platform on which individuals and businesses can thrive together. EDRA, the cryptocurrency that solves various problems, is a game changer in the realm of cryptocurrencies.

** Visit Us! **

Homepage: www.edra.io
Facebook: www.facebook.com/edra.kor.94

Telegram community(English): https://t.me/edra_official