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What is Endor Protocol (EDR)?
Future of EDR Cryptocurrency and know how to buy EDR

#1: What is EDR?

EDR: The Basics

Endor aims to make big data analysis, large-scale data manipulation, and AI powered predictive analytics accessible to anyone across the globe. It plans to make data science, and complex data mutation and analysis available to people other than large organizations with a large amount of funds. Endor implements its goal using blockchain technology, and its own cryptocurrency on the platform.

EDR Development

  1. Endor was officially announced in February, 2018 to the public. However, development on the technology began as early as 2014, with Fortune 500 companies being able to use AI predictions on the platform in 2017.
  2. It boasts a team made up of renowned data analysts and researchers, including people such as leading data scientists and MIT faculties Prof. Alex Pentland and Dr. Yaniv Altshuler.
  3. The team behind Endor is also responsible for the proprietary social science, called Social Physics, developed in conjunction with MIT. Social Physics is the theoretical protocol the Endor network brings to life using blockchain technology.

 

#2: What are the benefits of Endor?

EDR Technology

  1. Endor is based on the Ethereum blockchain, and EDR is an ERC-20 standard compliant token. This means Endor will use the highly efficient Proof of Stake consensus algorithm. This algorithm is much leaner and resources friendly than the Proof of Work algorithm used by coins such as Bitcoin.
  2. Endor will use tokens on the platform to enable users to pay for custom data analysis and predictions by the Endor AI. The AI will exist as a decentralised entity, on the nodes of the Endor blockchain. Data scrapers, aggregators, and social sites such as Reddit, Facebook, or Twitter, will serve as the funnels for data collection.
  3. The data thus collected, will be completely secure, using AES standard client-side encryption, which means that the Endor blockchain itself will not have access to the contents of user data. The AI will aggregate the encrypted data, to identify patterns, make accurate predictions, and provide solutions to complex social and marketing problems.
  4. While Endor will provide a pre-defined list of generic predictive algorithms for users to choose from, custom predictions and algorithms can be constructed and run using the immense data reserves of Endor and its AI. These will be implemented using smart contracts.
  5. ETH smart contracts will be used to implement the bulk of the predictive solutions Endor provides. Using smart contracts users can use the Endor network, including all data available and the Endor AI, to run custom predictive algorithms, and ask organization-specific marketing questions. Smart contracts will also allow predictive analysis and algorithms to be run on custom data sets.

Key Features

  1. Globally accessible - Because the network is not regulated by any central body, the powerful AI analytic engine and protocols are not restricted to multinational corporations with immense funding. Due to the decentralised, and censorship-free nature of blockchain technology, the Endor platform is accessible to anyone across the globe, without discrimination.
  2. Established base - Since EDR is an ERC-20 compliant token, the Endor network is fully backed by the Ethereum network, which means that it has robust and secure support for features such as smart contracts, which are used to implement all the functionalities Endor has to offer.
  3. Proof of Stake Implementation - Being an Ethereum token, EDR uses the PoS approach which results in a leaner and faster blockchain, which is significantly less resource hungry and environmentally detrimental than a similarly sized PoW network. This is even more crucial, given the nature of Endor’s intended use, where the network must deal with terabytes of data analysis and complex prediction algorithms running on it.

 

#3: How to Buy & store Endor?

How to buy Endor

EDR can be bought and traded at exchanges such as Hotbit, KuCoin, and Idex, with Hotbit being the largest by volume.

EDR Wallet

  1. Since EDR is an ERC20 standard token, wallets which support ETH coins and ERC20 tokens will support EDR as well, without any extra configuration.
  2. It is likely a custom client will be released once the blockchain is made available to the public sometime in 2018.

CoinSwitch

While cryptocurrency exchanges provide you with a platform to buy or sell the EDR cryptocurrency, CoinSwitch, the largest cryptocurrency exchange platform, comes in to help you make the right decision by providing the prices for EDR on multiple crypto exchanges. With support for more than 140 coins and 45,000 pairs of cryptocurrencies, you can choose whichever pair you want with your token and compare the prices at multiple exchanges. This way, you can choose the best deal for you!

What’s more - with CoinSwitch, you do not rely on a separate EDR wallet from the exchange to store your EDR cryptocurrency. Instead, all transactions happen to and from your own personal private wallets.

 

#4: What is the future of Endor?

Also Read: Complete Analysis of Endor Protocol | Live Endor Protocol (EDR) Price Charts And Predictions

Price History

Date

Open

High

Low

Close

Volume

Market Cap

Aug 01, 2018

0.046446

0.04668

0.038972

0.042362

354415

24692616

Jul 01, 2018

0.066315

0.070797

0.065248

0.066952

97394

23335734

Jun 01, 2018

0.250064

0.287231

0.234859

0.276885

1175160

-

  1. EDR had a very active start, with impressive valuation, and many early-birds trying to capitalise on the launch.
  2. After a period of volatility, as is expected, prices seem to be decreasing to a more normal level, and stabilizing.
  3. It is likely prices will take a few more weeks to stabilise, before any significant change in EDR’s graph.

 

#5: How is Endor different from other cryptos?

  1. Unique purpose - Endor is probably the only predictive analysis software fit for enterprise-level use, that is global, openly accessible, and affordable enough for everyone. It is also one of the very few cryptocurrencies that actually serve a higher purpose, and provide a useful service to their users. Endor uses the blockchain technology itself to provide a robust and decentralized prediction platform, with immense opportunities for growth in the future.
  2. Immense possibility for growth - Data science, predictive analysis, Artificial Intelligence, and accurately summarising and forecasting consumer/social phenomena are all buzzwords in the industry right now. The most important thing for any company, no matter the size, is to accurately classify and analyse their user base to predict their actions. This involves sifting through terabytes or even petabytes of data to figure out marketing strategies and growth opportunities. The ease with which Endor provides these facilities to users makes it likely there will be a massive increase in user adoption once the blockchain is released to the public.
  3. Industry giants behind development - Most altcoins have anonymous pseudonyms as their developer identities. Endor, however has some of the world’s leading sociologist, data scientists, analysts, and researchers at its helm. They include renowned professors from institutions such as the Massachusetts Institute of Technology, or MIT, and scientists from Google, IBM and AT&T.
  4. Adoption by multinational companies - Multiple Fortune 500 companies currently use Endor as a part of their predictive analysis network, and big data analysis software and aggregators. These companies include Coca-Cola, MasterCard, Walmart, and Fiverr. Organizations such as DAOstack, Amazon Web Services, Bancor, and Enigma have partnered with Endor as well. This massive industry integration and enterprise-level usage sets Endor miles apart from any other cryptocurrency.

 

#6: Should you invest in Endor?

  1. Endor has been extremely popular, with many multinational corporations and Fortune 500 companies already integrating it into their predictive market and big data analysis systems.
  2. With the blockchain still due to be released to the public sometime in 2018, it is extremely likely the prices will skyrocket once a release data is fixed.
  3. While investing in any cryptocurrency is subject to their inherent volatile nature, the robust and strong development of Endor, combined with its massive potential and enterprise-level capabilities, make it a sound investment for the future.

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