Electra (cryptocurrency)
Electra (ECA) is a cryptocurrency operating on the Electra blockchain-based platform that uses a highly-secure NIST5 hashing algorithm. Electra combines Proof-of-work and Proof-of-stake systems for the fast transaction processing and distribution.
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lectra is a cryptocurrency launched in March 2017 with an innovative distribution during the POW stage, and then – after the switch to POS – a relative high staking rate of 50% annually until October 2018. After that, staking rewards were drastically cut, first to 2.5 %, then 1.25 %, and now – since January 2021, 0.63 % only.
During the fall of 2017, an active community started to support Electra, and a team to support development and promote the project was organized from community members.
While Electra rose spectatcularly in the bull-run at the turn of 2017 in to 2018, there were also setbacks – like – during the years several exchanges closed suddenly down – with Coinsmarkets and Cryptopia only the most prominent examples.
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