What is Enecuum?
Project description
Enecuum is a state-of-the-art blockchain environment that promotes security through smart contracts, allowing instant transactions with zero commission. The project aims to solve the problem of network scaling by simultaneously supporting three algorithms for mining: Proof-of-Stake (PoS), Proof-of-Work (PoW), Proof-of-Action (PoA).
Features
- The main advantages of Enecuum’s blockchain and cryptocurrency are speed, scalability and network security. Enecuum solution aims to allow handling up to 1 million transactions per second.
- Enecuum is based on a hybrid consensus algorithm. One of its development components is an improved version of Bitcoin-NG, which allows the network process new blocks faster. This is an important part of the architecture that potentiates the high throughput of the network. The project will also be resistant to ASIC mining due to the CryptoNight algorithm with several additional modifications.
- Enecuum uses two-factor proof of activity. PoA miners will reach consensus by forming teams of 64 participants. Each team publishes a chains of 62 microblocks, 40 transactions in each, and adds them to the network. PoA mining can be performed on mobile devices.
- Enecuum uses a PoS algorithm to reach consensus as well. Miners will constantly check the balances of all the wallets in the system, receiving a flexible reward.
Token ENQ
The team will issue ERC20 token, which can later be exchanged for internal cryptocurrency in the ratio of 1 to 1. It will also be a functional token with which users can access the functions of a decentralized environment: launch of SHARNELL smart contracts, payment of commissions for transactions and access to complex calculations.