In this article, we will take a closer look at what Ethereum eRush is, how it works, where you can buy it, and how you can become a miner, which promises even people who do not know software to be able to mine on their own computers in 5 minutes.
Ethereum eRush (EER), which started its adventure in the crypto market in recent months, is known as the first ‘Proof of Live’ consensus in the world. In this project, which is based on the fact that even people who do not know software in general can start mining with an easy installation on their own computers, everybody who does mining gets a share of the daily reward depending on the amount they deposit / lock.
At this point, users can withdraw the amount locked in the first place from their wallet accounts after 90 days, but if the withdrawal is made, the mining will end. In the system, 16,384 EERs per day are shared depending on the number of active miners and the ratio miners lock in. So, not all miners get an equal share of the prize.
What is Ethereum eRush (EER)?
EER, an open source and decentralized project without any CEO, appears as an ERC-20 token built on the Ethereum blockchain. This system, which has the world’s first surviving proven consensus algorithm, basically promises to make money by keeping your computer open 24 hours a day. Moreover, your computer does not need to have a very high level of hardware.
In the system, 16,384 rewards per day are distributed to miners at the rate they stake, ie lock them. After two years, this number will decrease by half to 8,192, and the amount of EER for each miner will decrease. The total amount of EER planned to be issued within the scope of the project is limited to 24,092,240 units.
Ethereum eRush reached more than 1,000 active miners in a short time:
Due to the ease of mining, more than 1,000 active miners were reached in the system in a short time. At this point, the most important difference that distinguishes EER from other tokens is that it is the only token that can be sent with money. With this MEMO feature, two people can send encrypted messages between themselves. So, with the simplest example, when sending eRush, you can add a note to the other party.
Thanks to this project, the MEMO feature found in some coins such as EOS and Stellar has been integrated into tokens with a decentralized database for the first time. At this point, although eRush (EER) is an ERC-20 based token, it cannot be said to have only ERC-20 features, as the MEMO feature that is not in ERC-20 is built on it.
Apart from that, the ability to stake is a standard that is not included in ERC-20s but is added to the contract of eRush. After 3 months, the ability to withdraw this stake and send notes is another feature that differentiates EER.