Electra (ECA) is a decentralized cryptocurrency and digital payment solution that aims to provide secure, fast, and low-cost transactions. It was established in March 2017 and operates on its own blockchain, known as Block Explorer. Electra employs a Proof-of-Stake (PoS) consensus algorithm, which allows coin holders to stake their tokens in order to support network operations and earn additional coins as rewards.
Some of the notable features of Electra include the Electra Pay system, which enables users to send and receive payments instantly, and the Electra Atomic Swap technology, which allows for peer-to-peer trading without the need for intermediaries. Electra's blockchain is designed to handle a large number of transactions per second, while maintaining low fees and ensuring privacy through optional stealth addresses.
The team behind Electra aims to implement widespread adoption of their cryptocurrency through partnerships and integration with existing businesses, online platforms, and e-commerce websites. The network also has plans to develop lightning network implementation, mobile wallets, and a decentralized marketplace.
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