The Einsteinium cryptocurrency uses a proof-of-work script algorithm in an open-source version similar to Bitcoin. While this currency can be used for any transaction, it is primarily used for scientific, charitable, and political fundraising. 

Einsteinium Foundation is a unique cryptocurrency-backed Non-Profit Organization (NPO). Some of the characteristics of Einsteinium Foundation are:

The ledger of accounting for Einsteinium protocol is immutable by design. EMC2 is the ticker name of the currency. EMC2 is claimed to be a deflationary currency that is intended for next fifty0 years, giving the money enough time to reach critical mass. As a result of the high degree of transparency and security offered by this currency, it aims to maintain its transactional value over time, as long as the system is well maintained and can adapt to ensure state-of-the-art securitization.

The new features of EMC2 intend to allow it to perform atomic swaps or instantly convert from one form of currency to another, such as Bitcoin or even coins backed by traditional currency. As a result, the project is capable of performing all the necessary functions of ensuring a secure and transparent record of exchanges. Furthermore, the value of each coin will become less volatile, mainly as 2 percent inflation is implemented. EMC2 is a cryptocurrency that can be traded globally and mined. The project team has no control over its assets.

The EMC2 cryptocurrency was released to the public on March 1, 2014, as a zero pre-mine, mineable coin. Alexander Lucaci is the chairman and founder of the Einsteinium (EMC2) project.