Electra Protocol (XEP) offers fast, secure, and cost-effective transactions on a community-driven blockchain. More
| Fully Diluted Valuation | $6.17M |
|---|---|
| 24H Trading Volume | $104,886 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 18.26 B |
| Total Supply | 29.50 B |
| Max Supply | ∞ |
| Categories | Layer 1 (L1) 4 more |
|---|---|
| Founder | Anonymous |
| Website | electraprotocol.com |
| Socials | 3 more |
| Chains | Binance-smart-chain Ecosystem 1 more |
| Explorer | Solscan 5 more |
| Contracts |
0xb89....7bf3e
1 more
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| Name | Pair | OG Score |
|---|
Electra Protocol: A Community-Driven Blockchain for Fast Transactions
Electra Protocol (XEP) is a blockchain project aiming to establish a fast, secure, and cost-effective payment system. Launched in 2017, it operates on its own proof-of-stake blockchain, where users who hold XEP tokens can contribute to network security and earn rewards.
Electra Protocol's Core Features:
Speed: Electra Protocol prioritizes transaction speed, aiming for real-time settlements with minimal fees. This focus on speed makes it suitable for everyday transactions.
Security: The proof-of-stake consensus mechanism is designed to ensure network security and stability. Unlike proof-of-work systems used by some other blockchains, proof-of-stake is considered more energy-efficient.
Decentralization: Electra Protocol emphasizes a decentralized approach. Unlike many crypto projects funded through venture capital or initial coin offerings (ICOs), Electra Protocol relies on community participation for development and growth. The founder, known by the pseudonym E01, maintains anonymity, and the project is overseen by a core team and the Electra Foundation, a non-profit organization.
Electra Protocol offers functionalities beyond just payments. The blockchain supports smart contracts, programmable agreements that can automate various tasks. Additionally, it aims to facilitate the development of decentralized applications (dApps) and explore use cases in areas like supply chain management and non-fungible tokens (NFTs).
Community Focus
Electra Protocol stands out for its focus on community involvement. The project fosters an environment where community members can actively participate in development and decision-making processes. This approach aims to create a more transparent and inclusive ecosystem.
Overall, Electra Protocol offers a unique perspective in the cryptocurrency landscape. Its emphasis on speed, security, and a community-driven approach positions it as a potential contender in the realm of fast and secure digital payments.
Electra Protocol prioritizes fast, near-zero cost transactions and a decentralized, community-driven approach, making it stand out in the blockchain space.
Electra Protocol's founder, known by the pseudonym E01, remains anonymous, and the project is overseen by a core team and the Electra Foundation.
You can buy Electra Protocol (XEP) on MEXC, AscendEX (BitMax), PancakeSwap (v2), Pancakeswap V3 (BSC), Komodo Wallet cryptocurrency exchanges.
