The Electra cryptocurrency can be defined as a decentralized PoW / PoS virtual currency that offers users secure and fast P2P transactions. So far it is a virtual currency and not an ICO that can be purchased at different exchange sites.
In addition, Electra will launch the mobile wallet version to the market, facilitating transactions between users.
At an initial price of INR 0.0013 on 1 September 2017, ECA was fluctuating and finally traded at INR 0.0006 on 30 September 2017.
ECA started off at INR 0.0019 on 1 October 2017 and was reflecting at INR 0.0004 on 30 October 2017.
ECA was INR 0.0004 on 1 November 2017 and its price over the following weeks ECA remained the same.
ECA started off at INR 0.0007 on 1 December 2017 and quickly was seen trading at INR 0.1446 on 31 December 2017.
ECA started off at INR 0.1288 on 1 January 2018 and moved upwards to INR 0.2231 on 31 January 2018.
ECA started off at INR 0.2266 on 1 February 2018 and was seen trading at INR 0.0940 on 28 February 2018.
Electra has a series of objectives divided into three well-defined objectives. In the short term we want to encourage the development of work tests or PoW, obtain the services of at least one exchange house, be reflected at least once in the quotation tables of CoinMarketCap.com, encourage mining in the cloud, unconditionally support the first miners in presenting strategic purchase offers.
In the medium term Electra aims to increase the number of strategic nodes, make a list of exchanges, develop the user community and encourage the creation of content with reference to social networks and create and disseminate teaching materials on the use of Electra.
In the long term, it seeks to create an android electronic wallet to develop mining by staking, designing, creating and developing an exchange website (similar to localbitcoins.com) that allows the conversion between Electra and the main fiduciary currencies and to implement in a phased manner the Use of masternodes within your blockchain.
If one talks about any of the technical aspects of the platform, it should be noted that Electra uses NIST5 as its hash algorithm, which is a combination of the finalists and the winner of the hash functions competition of the National Institute of Standards and Technology. NIST5 is more efficient and safer than other prominent algorithms.
Finally, the Electra community is constantly expanding.