A PROJECT LIKE NEVER BEFORE
The Electra Foundation is a decentralized volunteer-based community dedicated to supporting the Electra global blockchain through three primary pillars of education, outreach, and development.
The Foundation will provide official learning material for developers, investors, and anyone interested in the Electra Ecosystem.
The Foundation will continue to reach out to potential partners, organizations and governments to further increase global adoption of the Electra Blockchain.
The Foundation will oversee development and support to future-proof Electra applications and the core Electra protocol.
FUTURE IS HERE
ElectraPay – A Community-Driven Payment Solution
ElectraPay is a free and easy-to-use payment solution that utilizes a peer-to-peer money exchange on the Electra blockchain network of computers that combine together to send and receive Electra Coins (ECA).
- Minimal Fees – 0.00001 ECA Per Transaction
- Fast Verification – Completely Spendable Within ±64 seconds
- Instant Transactions – Within Milliseconds, Globally
- Off-Chain Development work planned – for connection and lag issues
- Fees are only paid by the sender, the receiver owes nothing
- Join your wallet to our network and start staking today
How ElectraPay Works?
For an ElectraPay transaction to work both the merchant and the customer should be connected online with their mobile or tablet devices. However, we are working on off-chain developments for connection issues as well. For a transaction to take place the merchant and consumer must complete these following steps:
- The merchant enters the amount
- Merchant taps on ‘Request Payment’
- Customer taps the merchant device with their phone
- The customer receives a ‘YES’ or ‘NO’ payment confirmation notification
- Customer taps on ‘YES’
- A transaction receipt will be issued to both parties
- The transaction will be logged and stored in the blockchain for transparency
Decentralized Payments Is the Future
Staking Rewards: With the PoS V3.0e and the first asset on the market adapting coinage, ECA features a 2.5% annual stake reward rate (halving each year until 0.02%). There is no fixed reward per block. Each stake reward is proportional to the amount staked relative to the total ECA in circulation.
Future of Privacy
- Optional Privacy Future developments within the Electra ecosystem will allow for the use of privacy gateways, including but not limited to the following:
- TOR IP2 network
- Kovri 11
- Users will be able to select the privacy functions best suited to their individual needs.