NEWS
Is Berkeley Going to Adopt E-Dinar?

2018-02-13 06:44:08
by Dominic Brown
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Short Description / Article Intro

E-Dinar (EDR) showed some market increases on February 11th, rising some 18% on global rankings to #356. This may be due to an official tweet announcing the adoption of the coin by UC Berkeley (or, conversely, the city of Berkeley, CA) in an endeavour to reduce its reliance on funding from the Trump administration.

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The tweet, in Russian, commences with the University of Berkeley, but then goes on to mention it being the first \"city\" to launch an ICO and release its own cryptocurrency. UC Berkeley have not so far posted any confirmation of this suggestion.

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The EDR is E-Dinar\'s native coin, which is used on a dapp wallet for mobile devices. With bases in the US and UK, as well as China, Brazil and some Russian-speaking countries, E-Dinar claims to be energy-saving and sustainable, since it uses a Delegated Proof of Stake transaction which is more efficient. The fully decentralised payment system offers blockchain solutions in many areas, including an intention to promote clean air and water in cities.

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Many cryptocurrency enthusiasts and forum contributors regard EDR as a scam or Ponzi scheme and advise others not to invest. Another E-Dinar (EDC) coin was legalised for adoption by Ukraine, but the relationship (if any) is obscure.

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