Electra Protocol

Electra Protocol is an ecosystem for near real-time transactions at almost no cost. Upcoming features include multicurrency payments and smart contracts that will empower anyone to create their own solutions. Simply put: Instant payments without needing a bank account.

Electra Protocol is an operating system for instant transactions. running on its own layer-1 blockchain which is scalable, decentralized, and secure. Usually up to 1,000 nodes keep the network running. And the network keeps growing!

Anyone will be able to create payment solutions using smart contracts and own public tokens on top of Electra Protocol using the Solidity programming language. Perfect also for decentralized finance, digital ID, Nfs, gaming, supply chain tracking, and more…

Electra Protocol launched with the latest and secure coded PoS 3.0e version. PoSv3e moves away from the vulnerabilities created by staking weight and the ability of a rogue user to initiate a 51% attack by gaining a majority of network weight and instead introduces considerations for transaction depth (UTXO’s – Unspent Transaction Outputs) in the blockchain and also introduces a random component in awarding blocks and staking rewards. The deeper a transaction (UTXO) is in the blockchain – the more blocks created since the block containing the transaction was created – the greater the odds of it being selected for a new block and thereby a staking award.