BCEX Global recently announced that it was listing the Einsteinium Foundation’s EMC2 digital currency on its cryptocurrency exchange. The EMC2 token can now be deposited, withdrawn, and traded on the exchange.
The Einsteinium Foundation has drawn attention in recent years, as it has focused on a commitment to scientific research and charitable endeavors. The Foundation has described its coin, EMC2, as a “Bitcoin-like currency with a philanthropic objective of funding scientific, cutting edge IT and cryptocurrency projects.”
Foundation officials have recently confirmed the company’s efforts to protect EMC2 against attempted attacks – efforts that culminated in the September 2018 implementation of a more secure type of proof-of-work. According to the company:
“Einsteinium Foundation took threats seriously, did a lot of research and prototyping, and in September of 2018 finally took the coin out of the danger zone by implementing something called Komodo’s Delayed Proof of Work. It links EMC2 and Bitcoin by creating small transactions on each side and imprinting necessary information into transactions metadata.
Approximately every 10th EMC2 block is permanently recorded into the Bitcoin chain and acts as a checkmark against chain manipulation attempts. With that major update of EMC2 core we are free to say that Einsteinium now has security that is close to Bitcoin. “
Einsteinium is also reportedly planning to release its crowdfunding platform at the end of this month, geared toward scientific innovators who often struggle to obtain funding. The Foundation’s goal is to use that platform’s technology to “bring more freedom to science.”