Today whenever a small business needs financing they have to go to a bank to get it. Which means there’s one centralized financial institution that finances businesses in a local market area. This limits the capacity for small businesses to not just operate but also to meet their financial requirements.
To combat that limitation, the Debitum network was created. It is a decentralized financing network where SMEs from all different parts of the world can participate and apply to get financed.
But here’s the thing, the network is very similar to how you would go about getting financed normally. There are companies, individuals, borrowers, lenders, investors, debt collectors, collateral valuators, risk assessors, etc.
Everything you need to make sure that once a business or an individual is financed, there are ways through which the network can make sure that they can recoup the money. The only thing different is that the network is decentralized and is based on the Ethereum blockchain.
This makes it efficient and cheaper for the network’s clients to operate.
Here’s the best part though, you don’t have to be in New York to get the best deal. Through this network, you can get a great deal in every part of the world. And the network makes it easier for companies and individuals to join.
Before we get into the details about how you can start mining Miner One, lets talk about how this platform is different than others and whether or not it is worth using to mine crypto. And if it is, how profitable will it be for you.
Cryptocurrencies have gained their popularity due to the recent rise of Bitcoin, especially when it started trading above $50,000 for the first time in its history. And not just that, it also reached a market cap of $1 trillion which is a HUGE milestone for any entity in the world. Only a few companies have reached that $1 trillion valuation/market cap.
Most people aren’t aware of Miner One except the ones that are into cryptocurrencies, crypto mining to be specific.
Miner One’s approach to mining is different compared to other cryptocurrencies out there. The platform has structured mining in a way that the participants and the management benefit from the mining. Meaning, both parties have a stake in the platform and they work toward the success of it.
Before we dive into how you can start mining Einsteinium, lets first start with what it actually is and why is it named Einsteinium in the first place.
What Is Einsteinium?
As you might have already guessed, Einsteinium is a community-drive cryptocurrency that uses the blockchain technology to raise capital to fund their scientific research. This is a new way to get funds for research because researchers that are savvy enough to know about this, would know that now they won’t have to socialize with wealthy people to get the funds they need to proceed with what they want.
They can get help of the crypto community to fund their research.
So how do they actually raise capital?
The community mines blocks to earn money just like every other cryptocurrency. But for every mined block, the community donated 2.5% to the Einsteinium Foundation fund. Not only that, the community also gets to vote on which scientific project they would like to fund.
This is incredible because most of the research that is currently being done (whether it is in universities or in private labs), there is not voting process where the people decide the things they would like their money to be used in research.
Einsteinium democratizes that process.
The primary goal of Einsteinium is to raise awareness of the projects and causes that the researchers need funding for and to have a community that is enthusiastic about working toward funding their research.
So far, Einsteinium has contributed over 16M of EMC2 coins for these projects, which is incredible!
On October 11, at ICO Event London, one of blockchain gurus in Europe, blockchain courses Director and Z/Yen consultancy Head Michael Mainelli will deliver a presentation.
Michael Mainelli gained several academic degrees having graduated from Trinity College Dublin and Harvard University. The expert has been Z/Yen Head since 1994. This is a huge British research, consulting and venture company one of the main focuses of which is blockchain studies as well as its influence on the financial sector.
Over 23 years, Z/Yen clients have included virtually all major investment banks, state regulators of the financial sphere as well as exchanges, insurers and representatives of different funds.
Michael Mainelli dedicated a couple of years to teaching at blockchain courses for top managers of British and international companies. The expert is sure that soon all huge organizations will look for a blockchain specialist.
Michael Mainelli is Alderman of the City of London, Emeritus Professor & Trustee at Gresham College, Fellow of Goodenough College. He has written numerous academic papers on economics, new technologies and blockchain as well as several books on economics and management.
Michael will dwell on ICO as a new FinTech phenomenon as well as a role of cryptocurrency crowdsales in the world economy.
The more familiar you become with Wall Street basics, the easier it will be for you to start investing in the right kind of stocks while diversifying your portfolio. This will give you confidence that your stocks will continue to grow in value, and over a long period of time, you’ll develop quite a bit of savings to cash out on when you reach retirement age.
But how can you be certain that you’ll have a nice nest egg waiting for you when you do reach that retirement age? What are some ways to guarantee that you’ll profit over the long haul? The best way to secure your future is to consider long-term investing. This means finding a company that you can value so you’ll be able to ride with them for years and years.