The Energi project began in the summer of 2017 as a fork of the Dash blockchain. At the time it used a Proof-of-Work consensus mechanism, with an ASIC resistant algorithm called Energi hash that is similar to Ethereum’s Ethash. Energiswap benefits directly from the speed and scalability of https://www.tokenexus.com/ the Energi blockchain, as well as Energi’s dedicated cybersecurity and support teams. Tor Constantino is a corporate communications executive and business writer with an MBA. Since 2017, he has written about cryptocurrencies, blockchain, and crypto’s potential to revolutionize finance.
Its focus is on decentralized applications and smart contracts, and it has a good method of governance along with a self-funding treasury model intended to assist in making it the largest, most popular blockchain platform in the world. These latest enhancements almost guarantee wider adoption of the Energi platform. Ethereum, the second largest crypto by market cap after Bitcoin, is in the process of converting to proof of stake from proof of work as part of Ethereum 2.0. This will dramatically reduce the energy consumption of Ethereum-based tokens and blockchains by an estimated 99.95%. I include this section because I feel it’s relevant to know what the team has planned for the future. The reason this is relevant is that Energi depends on a dApp platform and smart contract functionality, but so far it has neither of these.
What is the daily trading volume of Energi (NRG)?
Another trait that sets Energi apart from ICOs is they give an on-going 10% allocation through each block reward, rather than rewarding the founders up-front. Indeed, we have observed great changes in the market for Bitcoin issuance over time. In the early days of Bitcoin, users were able to compete for newly issued bitcoins just by running a laptop or a gaming computer, using only a small amount of electricity. In fact, during the first year of Bitcoin’s operation, bitcoins did not have any price. Users who wanted to compete for new Bitcoin issuance were instead required to use electricity and computing resources to acquire bitcoins. In this way, it can be argued these early users actually spent money to acquire bitcoins at a loss.
According to their roadmap smart contract capabilities is planned to be activated on Q3 of 2019. So currently other than having a strong treasury and masternodes incentive system this coin has no notable features. This project significantly enhances the self funded governance concept found in coins like Dash, PIVX, Smart Cash and other cryptocurrencies. It has the largest treasury system currently and this system will act as a primary funding mechanism that fuels the projects growth. 40% of the block reward has been allocated to the treasury system and these coins from the treasury will be used to pay the developers.
Worth Considering?
Energi’s Defense Team and the Energi Bureau of Investigation exist to protect users and community members. They have identified and brought to justice multiple fraudsters including the largest scammer on Discord. Since the launch of EBI, Energi says it has reduced cybercrime within its ecosystem what is energi coin by more than 70% — no other project can credibly make that claim and prove it. Whether you wish to buy it or mine it make your own decision, and do so at your own risk! We do not advise on investments and as we said never take anyone’s advise when it comes to investing in cryptocurrency.