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Enecuum

Blockchain of Tomorrow

The project was created as an ideal environment for decentralized applications and business applications. The basic requirements that we set for the project are scalability, speed and security. Using revolutionary developments - mobile mining, smart contracts on Petri nets and linear logic, a hybrid consensus algorithm and project management based on the time contribution to its development and many other solutions, we have created a protocol of tomorrow. Distributed experienced team is constantly working in Hong Kong, Dusseldorf, St. Petersburg, Seoul in order to launch the network and give everyone the opportunity to feel the block of tomorrow.

3.9
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Benchy 3.9
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41 days 12 hours left
2018-06-21 - 2018-10-31
Token
ENQ
Price
1 ENQ = 0.04 USD
Bounty
MVP/Prototype
Platform
Accepting
ETH
Soft cap
5,967,552 USD
Hard cap
23,870,246 USD
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
USA, China, Afghanistan, Central African Republic, Congo, North Korea, Eritrea, Ethiopia, Guinea-Bissau, Iran, Iraq, Lebanon, Libya, Mali, Serbia, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Vanuatu, Yemen
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About 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.

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