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Proof
PoW/PoS
Mineable
Yes
Tags
Currency
Smart Contract
Fintech
Platform
Points in Time
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Overview of Electra
It’s also one of a kind algorithm that combines and provides the user the benefits of security and manageable power consumption. Electra’s main goal is to be the electric current of the crypto community. It is both a contract and developmental project which could be reviewed or even updated at any time. By being a contract it allows various investors to participate in these developmental processes.
To achieve distributed consensus, Electra uses proof-of-state and this means one needs to own Electra (ECA) in order to earn ECA. Electra has a maximum supply of 30 billion ECA coins. Some of its services are; Master Nodes, Web Wallet, Social Pay, ElectraPay and others. The team behind Electra wanted to create a blockchain that remains active and is easy to use. With a growing community that works independently, Electra is in the process of achieving their goal.
Since the mining stage of Electra Proof of Work has ended one can only stake coins through the Electra wallet with an annual stake of 50 percent.
