WE ARE ELECTRA

A peer-to-peer payments coin. Fast. Secure. Low Fees.

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WE ARE ELECTRA

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About The Foundation

The Electra Foundation’s mission is to serve the community in three areas: Development, Community, Mass Adoption. With the creation of the Foundation, Electra now has a legal body to pursue larger partnerships, bigger exchange listings, engage with other projects, hire developers, marketers, designers, and much more. Established in the Netherlands, the Foundation is a legal body backed by Dutch Law which tends to be one of the more crypto-friendly countries.

The foundation is also a fully transparent entity and all transactions are recorded and available for public use. This means the donation funds, purchases, transactions, and the like, is all public knowledge and recorded according to Dutch Law. Currently, the foundation is managed by 3 long-time Electra community team members who have backgrounds well suited for the task of creating and establishing a first of its kind foundation for Electra.

Quick Facts About the Foundation:

  • Established on October 9th, 2018
  • ECA Foundation Address: EYPFYiy3gkS7ENJ8zFfctMXrFdiBggh2Fc
  • Official name: Stichting Electra Project
  • Trade name: Electra Foundation
  • Dutch Chamber of commerce number: 728 22120
  • Address: Zilverenberg 36, 5234 GM ‘s-Hertogenbosch

 

Core Areas of Focus

Development

The Foundation is brought to life to make sure the Electra project, and so the Electra blockchain, will be further developed in the future. Besides the blockchain, the development of Electra pay and any other future products will be funded by the foundation.

Community

With the foundation in place, the Electra project is now, more than ever, controlled by its community. The board fully consists of community members and a separate board of community representatives will be installed. On all big decisions a community vote will be held, so the full community will have their saying. No CEO, the community decides.

Mass Adoption

The Electra project can’t bring crypto to the masses by itself. Together with our amazing partners, we will fight the battle for mass adoption of cryptocurrencies and blockchain in general. Also, the foundation will continue to build bridges with other projects and companies to achieve its goal.

Electra Foundation Members

Electra Foundation Wallet

What is Electra

Electra is a Payment Coin You Can Spend Anywhere

Electra (ECA) is an open-source digital currency that can be used to make instant peer-to-peer payments anywhere in the world, with a focus on performance, security, and cost-effective fees.

To date, our blockchain has undergone one major improvement, which included integrating the lightning network, atomic swaps, PoS 3.0e, increased speed to 800 TPS, faster confirmation time (currently at 64 seconds) and in the short to mid-term future there are plans to integrate SegWit, as well as smart contract functionalities.

Learn more about Electra and be sure to download one of the official wallets to keep your Electra safe.

Electra Features:

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Decentralized

Electra is completely decentralized, with every aspect being transparent. Even the code is open-source.

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Speed

Instant Transactions with a confirmation block time of 64 seconds.

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Security

Our NIST5/SHA256 blockchain ensures funds are protected from malicious attacks.

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Community

Successful projects are nothing without their community. Join our ever growing community of users and help grow Electra as it moves forward.

Get Started

We Are Proud To Have

The Future of Electra

The Electra Blockchain

Peer-to-peer payments coin built on performance, security and cost-effective fees.

What makes Electra More Secure?
  • Global Decentralization
  • Tech Specifications
  • NIST5 Algorithms
What makes Electra Faster?
  • 64 Second Blocks
  • Early SegWit Implementation
  • Blockchain Rigidity

We Are Team Electra

Short term goals

This list contains the list of goals we are focused on and would like to release within the next year. All work on this project is voluntary and we rely on developers to come forward and offer their services.

ElectraPay MVP public release

100%

ElectraPay pilot phase

100%

Electra Block explorer GUI customization

75%

Ledger Nano Integration

70%

3rd party wallet integrations

99%

Plugins for ElectraPay Integration (Opencart - Shopify - Magento)

15%

ElectraPay Website redesign & improvements

60%

Electra Official Website redesign & improvements

60%

ElectraPay point of sell software, desktop and mobile

70%

Mid term goals

These are the goals which we will focus on next, into 2020 and 2021. They either rely on a short term goal to be completed, or they are not raised as high priority.

Segwit integration

80%

Atomic Swap Function For ElectraPay

15%

Light Weight SPV Wallet

5%

Electra Core Blockchain major Upgrade (details will come in due time)

70%

Electra Debit Cards

5%

3rd Party Wallet Integrations

%

Long term goals (up to 1-2 years goals)

As we deploy the short term and mid term goals, these will be prioritised accordingly.

Lightning Network Daemon

50%

Merchants Integration

15%

3rd Party Wallet Integrations

0%

We're Proud To Be Partners With

Partnership & Collaborations