Earn Coins With No Hardware Requirements

Creation date: 2014

Algorithm used: PROOF OF STAKE

Block time: 2.5 Minutes

There will never be more than 25 Billion ECC Coins made. By buying coins and putting them in your wallet, you are able to enable staking, which makes your wallet node part of the block verifiers. You will then get rewarded for this work with ECC.

Since we’ve already reached 25 billion coins (the total supply), what happens is whenever a transfer occurs in the network, it’s transaction fees are destroyed (substracted from the total supply) which allows a staking node to re-create this exact amount of virgin ECC and earn them as staking reward.

This procedure (destroying and creating) is a privacy feature, as it make coins untracable over time.