EDRA Launches a Blockchain Platform that allows Cryptocurrency Mining by Smartphone

EDRA announced on May 3rd that they officially launched ‘Cryptocurrency EDRA Platform’ and ‘EDRA COIN’. 

EDRA COIN, developed by EDRA Foreign Branch, is a mobile-device-based cryptocurrency with logical sharing blockchain mining technology that is not a problem-solving operation type. Users can mine EDRA COINs with daily phone activities such as web-surfing, playing games, listening to music within the new EDRA Mobile App and embedded exclusive EDRA cellular phone scheduled to be released in the second half of this year.

Logical sharing mining technology is different in terms of not performing operations like a conventional operation typed blockchain. It is a blockchain distribution technique that mines coins by sensing activities such as gaming and web surfing. In addition, 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 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 "I expect various businesses will be created if mined coins are mutually exchanged with digital points issued by corporations as the smartphone mining is generalized." 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.”

Furthermore, EDRA KOREA held a seminar on mobile device based on blockchain technology on May with a presentation on the differentiation of the new blockchain technology and related business roadmap.

Reporter Gil-joon Jung / alfie@viva100.com