[Characteristic Coin] ‘EDRA’, a New Concept Block-chain Platform based on Mobile Devices, Launched

EDRA KOREA(CEO Jungyu Kwak), block-chain developing firm based on a mobile platform, officially launched ‘Cryptocurrency EDRA Platform and EDRA Coin’.

EDRA Coin, developed by EDRA KOREA, is a mobile device cryptocurrency(virtual money, virtual currency) developed by the original technology of 'logical sharing mining blockchain' rather than a problem solving operation type. It is possible to mine EDRA Coins on the new concept blockchain platform called EDRA APP and the embedded-type EDRA exclusive phone to be released in the second half of the year.

'Logical sharing mining blockchain' is an innovative block chain distribution technology that mines coins detecting activities such as gaming, listening to music, web surfing, and etc. different from performing operations like existing calculation type block chains. EDRA Coin mined by smartphones can be paid for smartphone access fees and data service fees, allowing an era of free phone charges and data. When self-assessed, the amount of battery consumption is less than 2% when the coin is mined with a smart phone since it does not go through the calculation process.

EDRA has a plan to list EDRA Coins on domestic and international exchanges. Once EDRA Coin is listed in the exchange, it can be mutually exchanged with various points of corporations or exchanged in real-time, thus greatly contributing to the vitalization of real financial economy based on FinTech.

EDRA will issue a total of 100 billion EDRA COINs and 1 billion new coins annually for about 80 years to be mined.

Joon-gyu Kwak, EDRA KOREA CEO, said that "EDRA KOREA, a Fourth Industrialization leading firm offering smartphone mining and financial transactions, expects that various businesses will be created if mined coins are mutually exchanged with digital points issued by corporations as the smartphone mining is generalized. Block forming that takes less than 10 seconds and ‘Pending Function’ that checks the process of real-time transfers will realize a Real-time Coin Transfer Service." He continued to say that, “Existing anxiety factors such as cryptocurrency exchange hacking have been eliminated by switching to individual block-chain transaction method and also stability has been guaranteed.”

On one side, EDRA KOREA held a seminar with the topic ‘Mobile Device based on blockchain technology’ on May 17th with a presentation on the differentiation of the new blockchain technology and related business roadmap.



Source : Global Economic News (http://www.getnews.co.kr)