Thread by @CryptoGirlNova

1) In today's market it's increasingly hard to select high quality cryptocurrencies.

Most eventually fade away and as such we need to search for the best fundamentals.

A thread🧵on $ENQ to see if it could be worth our attention.

Read on 👇

#Enecuum #ENQ

2) Enecuum describes itself as a "next generation blockchain".

Fast, private and scalable.

It improves security through mathematical smart contracts, allowing instant transactions with zero commission and solving the problem of network scaling.

3) It does this by simultaneously supporting three algorithms:

- Proof of Stake
- Proof of Work
- Proof of Activity

Enecuum was born in order to eliminate ’childhood diseases’ such as:

- Unsecured contracts
- Expansion problems
- 51% attack
- Low speed and high transactions

4) Proof-of-Activity (PoA) is a hybrid consensus algorithm that combines the elements of PoW and PoS.

PoW miners solve a cryptographic task and create empty blocks.

These ‘blanks’ will become full blocks after being signed by several randomly selected PoS miners.

5) The platform provides operation of miners and network nodes on virtually any device connected to the network.

6) Some of the main objectives of this blockchain network are:

- Creating a fast, save and advanced blockchain
- Mass payment
- Global adoption

7) The main features of Enecuum can be describes as the following:

- Universal algorithm of mining.
- Date branch
- Variable block sizes
- SHARNELL
- Scalability: Near zero fee and up to 1 million tps + HyperDAG
Security

8) One of the more interesting things Enecuum provides is mobile masternodes.

The "Proof of Activity" mining can take place on a mobile.

Mobile miners require to have at least 25 and a maximum of 25000 ENQ. Owners of the 100 largest network wallets can become PoS miners.

9) The ENQ token itself is used for:

- Rewarding miners
- Payment of transaction fees
- Issuing new tokens within the network
- Smart contracts

10) The Enecuum team is located in Hong Kong.

The CEO Mikhail Sayfullin has been an Entrepreneur since 2002.

Founded and developed a marketing agency that successfully delivered high quality services to the largest international corporations.

11) The co-founder Van V. Ivanov is also the founder of the UPSTUDY GROUP, co-Founder of EE24 and managing director of the YUKUMA GROUP.

12) Up untill now we've seen some promising claims.

- Up to 1 million TPS
- PoW, PoS, PoA combined
- Directed Acyclic Hypergraph

Does it live up to its claims or is it just a marketing gimmick?

I wouldn't be providing unbiased overviews if I wouldn't share the good and the bad

13) The main concern I have is an article written about the code from Enecuum by the man "Andre Conje" himself.

If you have been in the crypto space long enough you will know who this man is.

He is largely responsible for most of today's crypto defi industry.

14) This man is highly respected and the last thing I want to do is bring FUD to a project.

But if Andre Conje tells something I tend to believe him (people that don't usually don't end up on the winning side).

I provide positive overviews but also raise concerns.

15) According to this article there is nothing overly special going on about Enecuum.

Mostly basic crypto 101 stuff and more importantly the "Proof of Activity" was just a marketing gimmick.

It's still mostly PoW doing the stuff.

cryptobriefing.com/enecuum-code-r…

16) To literally quote Andre:

"Ok amount of code, a bit of work has gone into this, but just nothing wow and very blockchain 101. It’s just standard code without anything exciting".

I'm no coding specialist so I can't verify anything in this but Andre has a big rep.

17) Conclusion:

Enecuum is a project with an interesting hybrid consensus algorithm and a low entry threshold for users.

The combination of three proof algorithms is expected to avoid problems with the centralization of the network.

18) This is mostly on paper however and recent concerns have made me quite sceptical if that's just what it is: on paper only.

The fact ENQ was also one of the earlier developed blockchains (2017-2018) and never broke through in value might point out Andre was right.

19) My job is to provide an overview of a project unbiased by nature.

It might not make me popular but it wouldn't feel right not posting valid concerns.

This doesn't mean the project isn't legit.

Everything I've seen so far makes me believe they are.

20) There's real coding behind them, real work and their blockchain exist.

It's not a scam selling "expensive air".

It works and you can also find their mobile wallet on the play store.

Just be careful of the good AND the bad before making your own decision into investing.

21) If you want to keep up to date to most of my content and interesting projects give me a follow @CryptoGirlNova.

I also research the communities top voted cryptocurrency every week so you can keep track of all the most exciting projects.

Your favorite writer Nova ❤️

22) If you had value from this and liked this thread, it would really bring a smile to my face if you could retweet the first post so this can help as many people as possible.

Everyone deserves free knowledge 📘

Love you all ❤️

First post 👇

https://twitter.com/CryptoGirlNova/status/1566498418272469001?t=6H1KYxSDVsNDYZX0UbrJ1A&s=19