What is Electra? According to their website Electra is a cryptocurrency that aims to create a demand surge by drastically altering block rewards. First-Rate Algorithm Electra uses NIST5 as its hashing algorithm which is a combination of the finalists and winner of the US National Institute of Standards and Technology hash function competition. NIST5 has been shown to be more power efficient and secure than other prominent algorithms. Transparent and Straightforward Electra’s code is entirely open-source, built prioritizing accessibility and ease of use.

Specifications Name: Electra Ticker: ECA Algorithm: NIST5 5 minute block times. 288 blocks per day 30,000,000,000 ECA in total 1,000,000,019 ECA pre-mined (less than 3.34% of the total). Difficulty re-target: 15 minutes (every 3 blocks) Block size: 1MB POW stage Block 1: The pre-mine (1,000,000,019 ECA) Blocks 2-11521: 0.00390625 ECA. Therefore 1.125 ECA daily. This stage will create 45 ECA.

Super Rewards Bonanza stage Block 0: 65,972,222 ECA per block. This stage will take about 24 hours and create 18,999,999,936 ECA bringing the entire total to 20,000,000,000. POS stage At block 11811, Electra will switch to proof-of-stake with an annual interest rate of 50% until total Electra supply reaches 30,000,000,000 at which point block rewards will be earned from transaction fees only.

Exchange: Novaexchange. Is It Still Possible To Mine DigitalNote XDN.

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