What Is Etherconnect (ECC)?

Etherconnect is an open-source, decentralized finance (DeFi) platform. The platform is intended for staking, stablecoin, yield farming, and DeFi banking protocol. In fact, Etherconnect is an algorithmic and autonomous yield rate protocol. The space is autonomous because the decentralized finance blockchain technology and artificial intelligence (AI) govern its operations. In general, AI is the ability of the computer or robot to do a task usually related to intelligent beings. Moreover, the two specific features determine how the organization works without human intervention. In other words, Etherconnect is built for traders to seek to unlock a world of open futures of financial earnings. 

The aim of the Etherconnect ecosystem is to seek to offer multiple opportunities and benefits to the traders and users to earn profit daily. In order to do so, the community enhanced the cryptocurrency finance platform. Also, Etherconnect has merged the DeFi protocol with the governance protocol. Additionally, Etherconnect uses decentralized finance distributed ledger technology and AI technology. The platform adopts these two technologies to seek to make cryptocurrency transactions faster, more transparent, and more inclusive than traditional legacy systems.

Furthermore, the platform has the smart Etherconnect (ECC) Coin, which intends to be a stable decentralized asset. According to the whitepaper, the coin aims to deliver integrity to the decentralized financial markets. Etherconnect coins are the entry pieces for individuals to become members of the ecosystem. The token holders are responsible for governing the ECC protocol. The protocol aims to allow choosing new collateral types, adjusting policy for the ETH (Ethereum) stablecoin, and improving governance itself. Besides, ECC coins allow members to play DeFi casino games online to seek to earn profit instantly. Notably, Etherconnect aims to distribute ECC as a reward for contributions made to the platform.

Though built on Ethereum blockchain technology, Etherconnect is still open for migration with Binance Smart Chain (BSC) and Polkadot blockchain. The Binance Smart Chain (BSC) is best described as a blockchain that runs parallel to the Binance Chain and boasts smart contract functionality. Smart contracts are just like regular contracts. However, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain.

History of Etherconnect (ECC)

Version 1 of the whitepaper of ECC was launched in March of 2021.