ERD token is Introduced by Eldorado Pvt Ltd a UK Based team of Blockchain Developers. The team / Community is into providing customized Blockchain solutions for different Industries. ERD token is a first-ever exclusive crypto product from this team. There is Big venture planned with ERD token in a series of years. The ERD is built with flexible technology to fit in every business modules.
Novacoin is a hybrid Proof of work (POW) / Proof of stake (POS) decentralized peer-to-peer cryptocurrency.The Proof of Work part of Novacoin is based on the Scrypt hashing algorithm. Proof of Stake contributes to the coins energy efficiency, as there is no need for nodes to contribute mining power to part of the money creation process. As of now, Novacoin is set to be capped at 2 billion coins. However Novacoin stated that the cap limit may be lifted if the situation requires it. It looks very much like a variation of Sunny King Peercoin.