What is Einsteinium?
The EMC2 cryptocurrency is part of the Einsteinium ecosystem that brings to fruition the fundamental idea of adding great scientific research and such related projects on the platform.
In other words essentially is a Bitcoin-like currency with the twist of a philanthropic objective.Einsteinium Foundation's mission is to fund scientific research, cutting edge IT and crypto currency projects. Members of the community vote on which valuable projects are awarded funding.
Einsteinium Foundation became an official Non-Profit Organization on April 7th, having been registered in Montreal, Canada. EMC2 automatically donates 2% of every block mined to the Foundation Fund to be used for donations.
Einsteinium uses proof of work protocol with Script as the hashing algorithm. The parameters of distributing are 2.5% of each block going to the Einsteinium Foundation and 2% to be given to science projects .Another 5% still goes to donations, faucets and marketing costs.
Founder: Daniel Johns, Vladan Bozilovic, Milos Stosic
Release Date: April 9, 2014