This article deals with Edgeware crypto review. The Polkadot network, which has earned the nickname Ethereum killer. It is becoming a platform that has increased its developers via Polkaroject dot com, which is the Polkaproject tracker. The smart contract edgeware is in fifth place in the overall list of project projects, which has reached 433 projects.
On the Coinmarketcap rating site, Edgeware was ranked No.390 at press time, with its EDG token currently valued at $ 0.02118. The market capitalization still reaches 116 million USD, not yet billions. This is a very new project, and not as famous as Elon Musk liked Dogecoin.
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- 1 Edgeware crypto explained
- 2 Edgeware Crypto market
- 3 Edgeware Crypto wallet
- 4 Edgeware Crypto mining
- 5 Edgeware Cryptotab
- 6 Edgeware Crypto prices
- 7 Edgeware Crypto Reddit
- 8 Edgeware crypto buy
- 9 Edgeware Crypto news
- 10 Is Edgeware a good investment?
- 11 Final thought
Edgeware crypto explained
Edgeware is a project developed by Commonwealth Labs. , it aims to provide solutions to scalability problems using different architectures. It uses a smart contract called WebAssembly (Wasm). The smart contract code is built and runs on the Wasm virtual machine.
In simpler terms Edgeware is On-chain Governed, using the nominated Proof-of-Stake (PoS) Blockchain, Smart Contract Platform with an architecture called a WASM (WebAssembly) Runtime through Parity Substrate.
Participants in the Edgeware community can participate to delegate, fund repairs and upgrades through DAOs, economic mechanisms, cryptographic voting systems, and more. Edgeware whitepaper.
The Edgeware development team is experienced with members of the Commonwealth labs including Turing Capital investor Dillon Chen, an engineer at AngelList Raymond Zhong, Ethereum developer Drew Stone, Skillshare’s founder Michael Karnjanaprakorn, and former director at Web3 Foundation Ryan Zurrer.
Edgeware uses the Polkadot network with a category-based substrate. The substrate is a great kit that allows App developers to advance and build complex blockchains of any size.
It can be said that Substrate is home to the framework of many Dapps and blockchains in the Polkadot network.
Polkadot is a platform for Substrate-based blockchain startups in particular, which at the time of the press there were 146 Substrate-based projects in the Polkadot network. So it’s not just Edgeware, there are others including ChainX, Chainlink, Kusuma, and many others.
Edgeware token namely EDG.
EDG is a native token from Edgeware, which when the press has been circulating more than 5 billion, EDG tokens in the Edgeware network can function for staking, voting rights, paying transaction fees on Wasm smart contracts, and also to delegate voting and betting to other accounts in the protocol.
Token itself refers to the notion of a cryptocurrency that is built on an existing blockchain, while the meaning of coin is a cryptocurrency that is built separately from an existing blockchain. However, in the community, sometimes these two things are considered the same thing.
EDG token distribution
There are many as 5 billion EDG tokens are made, out of this 5 billion, the distribution is as follows:
- 90% or 4.5 billion were distributed through the so-called ‘Lockdrop’ process.
- 4.5% for Commonwealth Labs, Edgeware developers, and will not be used to fund development.
- 3% to Parity Tech for support on their Substrate product.
- 2.5% for Community Incentives, OSS development, or other network success goals.
How to determine EDG token price
Like other assets in general, EDG prices are determined by demand and supply, the higher the demand, the higher the price, and vice versa.
EDG tokens are multi-functional in the Edgeware network which can affect demand which in turn leads to higher prices.
Where I can buy EDG t0ken?
Another way to get EDG is through the LocalBitcoin exchange, where you can find someone who sells EDG, and you can transact with it.
These are just a few of the exchanges you can buy from, thanks to which it is very likely to reach a wider range of target markets.
Edgeware Crypto market
EDG is one of the coins in the watchlist of more than 9 thousand fans according to data from Coinmarketcap. Market capitalization reached 98 million USD, at the time of the press there was a 19% drop
Prices have started to drop since March 2021 after printing the highest prices of all time. Significantly the price declined to form a sharp bearish pattern which touched the psychological level of support at $ 0.018.
The EDG rating on Coinmarketcap is at position 390, while according to Coingecko the EDG score is at 393. And got likes from more than 8 thousand people. The current EDG price is $ 0.01805 down about 19% on day trading.
EDG prices including on Coinmarketcap have recently provided a decline in demand, so prices tend to form a bearish candle.
The decline was triggered by reduced demand which as a result reduced the volume of buying EDG coins so that the price gradually drops.
Edgeware Crypto wallet
Edgeware is on a substrate on the Polkadot network, users can use a wallet like Mathwallet which supports various token wallets including Polkadot.
The Mathwallet wallet supports Android smartphone devices, iPhones, chrome browsers, and Web wallets, you can choose the one that suits your device.
Using Mathwallet is probably the easiest way for an Edgeware wallet, but users can also choose to create an edgeware account by following the steps for creating an account in other ways.
Edgeware Crypto mining
EDG mining is not like Bitcoin which works based on Proof of Work, the way EDG mining works through staking, in which EDG holders are entitled to contribute to the network to become validators.
To become a validator requires a current computer with a stable fast internet connection. The number of rewards obtained through staking may vary, depending on the amount of EDG staked.
Previously, to participate, you must have a number of EDGs needed to join as a validator. Simply put, an EDG holder can double his EDG by becoming a validator.
Cryptotab is a browser that supports Bitcoin mining, but for mining Edgeware the browser doesn’t support it yet.
With just a simple laptop or computer, you can use this application without requiring high computer specifications.
The trick is, only by installing the CryptoTab extension on the chrome/firefox browser, the bitcoin mining process will run automatically. Just open the chrome browser and activate the CryptoTab extension, that’s all.
If mining using CryptoTab is slow even in high mode, CryptoTab provides a solution where mining can be done together. Where the mining results will be faster and produce more bitcoins.
However, the Cryptotab browser can be used to surf the Edgeware website, so that besides being able to obtain information, it is also the opportunity to get Bitcoin by utilizing the Cryptotab application.
Edgeware Crypto prices
At the beginning of March 2020, the price of Edgeware was still low at $ 0.001, until May the price rose slightly to $ 0.004, the price fell again to the $ 0.003 level but finally returned to the $ 0.006 level at the end of June 2020.
Since then the price has gradually increased and printed new resistance at $ 0.02 on August 9th, after which the price fell to the level of $ 0.019 in and until the end of August. After that, EDG tends to decline from September to November 2020 in the range of $ 0.006 to $ 0.009.
EDG prices began to increase again from January 2021 to February, prices fluctuated in a wide range that occurred in February. The price has risen again and reached an all-time high in March 2021 touching the $ 0.05 level.
But after that EDG slid again to the level of $ 0.02 on May 10, 2021. EDG must struggle to reach its highest level again.
Edgeware Crypto Reddit
The Edgeware subforum on Reddit has been built since 2018 to be exact 18 June, with the address r/edgeware. This means that in the Reddit community, Edgeware has been talking about Edgeware for more than two years.
But looking at the total members, which only number 307, it seems that this is not a large number, the Reddit community may not be much interested in talking about EDG. It seems that this subforum is less active, it can be seen from the latest posting distance of almost two weeks. There are only one to five comments per post.
Edgeware crypto buy
Buying EDG tokens may be quite attractive for some investors to get a cheap price because the price is dropping. The theory is that falling prices will not continue to fall and will rise again. Crypto buy edgeware might be a good time to buy EDG.
To buy EDG, on these exchanges, you need Bitcoin or ETH because that will make it easier for EDG transactions. First register on Coinbase, then verify KYC and AML for the next process. Deposit flat money to buy BTC or ETH, after that transfer to an exchange where you will buy EDG.
Edgeware crypto Binance
In September 2019, the Binance blog announcing that this exchange will be a lock drop place for EDG tokens. ETH holders will get an EDG airdrop distribution with the acquisition of 1 ETH eligible owner getting 210 EDG.
Depending on the amount of ETH held, if you hold 0.5 ETH you will only receive 105 EDG. However, this program does not guarantee that EDG will be listed on the Binance exchange as they still apply strict rules for listing coins.
And it turns out that until now EDG has not been listed on Binance, so you don’t find EDG on the Binance platform.
Edgeware Crypto news
To get the latest news updates from Edgeware, a reliable source is from the edgeware blog, here there is often updated information compared to other sources.
But via Twitter, even though the intensity of the information is not like from a blog, you may get additional information about Edgeware. Another source that can be obtained is via Discord and Commonwealth.
Is Edgeware a good investment?
When referring to the analysis from Cointobuy.io, expectation stakeholder Edgeware can provide a return of 164%. Wherefrom the current price of $ 0.02 it is an expectation in the future it will return to $ 0.05.
Furthermore, the ranking factor for Edgeware gets a score of 2.9, where the investment security is very low.
While following the development of members in the Commonwealth forum, the last post already a month ago. It seems that the discussion about Edgeware is not busy. Members are mostly silent. Maybe just waiting for the development of the token value.
The Reddit forum discussion is also quiet. This implies that there are few Edgeware enthusiasts. And maybe the reason the current price tends to drop. However, given the historical price, it could be that when prices are really low. It will encourage investors to buy EDG and push prices up again.
The shrewd investor may buy up when the price has actually fallen, even though it will take some market risk.
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