https://cdn.steemitimages.com/DQmdWwNzrhKmbNAX2P92xi3pV2C6N4jLQksYJXCzd81kvNP/asfafa.PNG In this post I will do a little review about a coin with a really helpful and big community, which I really like! Its name is ELECTRA [ECA].

Electra is an open-source community cryptocurrency project featuring decentralized and distributed governance. Electra’s foundation is a blockchain based on the NIST5 algorithm, guaranteeing fast and secure transactions with nearly non-existent transaction costs. Combining the best features of the five SHA-3 finalist algorithms https://cdn.steemitimages.com/DQmZ7wHRPkkMtDGNNUzUJXUBUB2k2m49jT5Zi2o4Q1LLyfR/IMG_20180525_104511_258.jpg

Like many other coins Electra is not mineable!

Only 3.34% ECA were pre-mined using Proof of Work mining. The 3.34% pre-mined coins are used to:

Maintaining the security and usability of the platform
Funding further development projects as outlined by our roadmap
Application to new exchanges

Some Information about the Electra Blockchain:

Block Size: 1MB

Block Time: 5 minutes (288 blocks per day)

Max Supply: 30,000,000,000

Pre-mined: 1,000,000,019 (Approximately 3.34%)

Difficulty Target: Retarget occurs every 15 minutes (every 3 blocks)

Fee: 0.00001 ECA

As I already mentioned Electra is a Proof of Stake coin, that makes it environmentally friendly! Staking Rewards are a 50% annual stake reward rate, which will soon be decreased to 10% to ensure that no inflation will happen for more information about staking Electra: https://electraproject.org/2018/02/08/crypto-wallet-staking-guide-electra-project/

But is there a good privacy in Electra?

The development team is aiming to bring a ecosystem for the use of privacy gateways, including but not limited to the following:

TOR
IP2network
Kovri

Electra Family of Products:

Wallets (Windows: https://tinyurl.com/w4ll3t1 Linux: https://tinyurl.com/w4ll3t2 , Apple: https://tinyurl.com/w4ll3t3 , Paper: https://tinyurl.com/w4ll3t4)
Mobile Wallets (iOS&Android) are under development
A Web Wallet is under development
Merchant Applications: Plugins for eCommerce Applications
Merchant Mobile Applications
Merchant Desktop Software
Centralized Online Payment Gateway

All this development is driven by the community itself!

The last point on which I will write something to are Electra Services!

Electra Services:

Integrated Merchant & User Support
ElectraPay
SocialPay
Atomic Swaps
Master Nodes
Web Wallet

ATOMIC SWAPS? You asking yourself huh atomic swaps sounds cool but what are atomic swaps?

https://cdn.steemitimages.com/DQmXjkbPc3LhfXeC7joGSwebRFid633L9xTrSWqVeP8tYWm/7ed7a0fb-6400-452c-be59-1dc66cb9ea85.jpg

To keep it simple (you can see detailed description in the picture above) Atomic Swaps are nothing more than changing your Electra holdings (ECA/s) into any other cryptocurrency you want without a third party (exchange)! As you can imagine this will be revolutionary!

In my opinion Electra is a very strong upcoming coin! The Community is growing fast everyday! I tried the Wallet and some transactions and everything just worked fine in seconds! If you want to join the community

http://t.me/Electracoin [Telegram],

http://discordapp.com/invite/B8F7Jdv [Discord],

https://twitter.com/electracoineca?lang=en [Twitter]

If you have any Questions about the coin, technical things feel free to ask in the commentary section below!

Sources:

https://electraproject.org/

https://cdn.electraproject.org/wp-content/uploads/2018/02/electra-white-paper_1.0.pdf

https://electraproject.org/roadmap/

https://www.electraexplorer.com/

https://github.com/Electra-project/

https://cdn.steemitimages.com/DQmUnnJxg5mFUZwt7UzYuFtmdqwuqv1fbuVda2Hc5XuTKUV/cropped-ECA-Colors-Logo-Font_2-180x180.png