Blockchain has launched the first decentralized eco-friendly cryptocurrency EDRCoin. It is based on the US-Dollar rate (1EDRC =$1) and can be used for transaction of goods and services across the globe, such as internet shopping, virtual game payments and much more.

"We are glad to announce the launch of our latest crypto currency EDRC which is going to add a new positive dimension to the world of money”, said one of the chief spokespersons from Blockchain. “The advanced decentralized crypto currency is themed on a green mining principle that banks on sustainable energy-efficient policies for generating money”.

Charles Chen, philanthropist and business tycoon, collaborated with Marco A. Fernandez, a long-term IT entrepreneur, to develop and co-found EDRC. The idea behind the EDRCoin is to create a universal payment system with a stable exchange rate in relation to the US Dollar. Based of PoS (Proof-of-Stake) method, EDRC uses Skrypt function for hashing.

"Our cutting edge crypto currency assures complete credibility and solid protection from any external attack, theft or hacking invasions. To ensure complete security, user's personal and financial data would be kept private." explained the Blockchain manager. "As our PoS system capitalizes on the users owning coins to validate the transactions, one transaction per day would be rewarded by an increment of 0.35 percent of the wallet-total. EDRCoins are immaterial & follows a purely mathematical approach that works with digital code."

The manager further emphasized on an “edgy feature” of EDRC that allows seamless number of accounts for creating and mining. Given its decentralized structure and antitrust philosophy, EDRC mining is guarded from artificial increment of cryptocurrency number. The banking system cannot exert any control on EDRC mining and hence can't affect its value and quantity.

The mining operations of regular cryptocurrencies “destroy” earth’s ecology. However, EDRC’s unique technology utilizes alternate energy such as solar panels and ensures to leave no carbon footprint. These eco-friendly operations are carried in collaboration with independent private farms worldwide.

7% of the income generated from EDRC system would be utilized for the restoration of mangrove forests in Asia and the development of new solar panels.

EDRC mining is ongoing and expected to be completed by 31st December, 2017, with the release of around 22 million coins. EDRCoins will be available for trading soon on every popular exchange platform.