Our new website: www.electraproject.org

Electra is launched!!!

Electra is a cryptocurrency that aims to create a demand surge by drastically altering block rewards.

Innovative Distribution

Electra has a "Super Rewards Bonanza" stage between blocks 11522-11810, where 95% of the proof-of-work segment will be mined in 24 hours. The distribution aims to create a “gold rush” effect where swarms of miners will attempt to mine Electra during a very short window of opportunity thereby increasing participation. The initial low reward blocks will allow miners to fine-tune their equipment, setup pools, spread the word, experiment with transactions and solve issues they come across in preparation for the Super Rewards Bonanza stage. In order to encourage saving and purchasing Electra after the Super Rewards Bonanza stage, there will be a %50 POS reward rate for one year. To be eligible for rewards from the Super Rewards Bonanza all you need to do is mine Electra during these blocks.

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.
Data courtesy of atleticofa

Transparent and Straightforward

Electra’s code is entirely open-source, built prioritizing accessibility and ease of use.