Hereis everything you need to know about Einsteinium cryptocurrency

Launched in 2014, Einsteinium is a crypto coin that is designed to fund scientific, technological and philanthropic projects. Its currency is abbreviated as EMC2 and as of the time of writing sits at number 226 on the coinmarketcap.com. The platform is similar to Bitcoin in that it uses the proof of work algorithm. So, putting it simply, Einsteinium functions like Bitcoin combined with a charitable fund.

Nothing much was done on the project up until the spring of 2017. The Einsteinium Foundation was launched in March of 2014.  By April of the same year, it was registered as a non-profit organization (NPO) in Montreal Canada making it the first project of its kind in the cryptosphere.

The Einsteinium Foundation is tasked with raising research and charitable funds for the project. These funds are secured by taking a 2.5 percent reward for every block that is mined. That reward is further divided into two parts, 2 percent goes towards funding…