2/24 Enecuum was created to bring blockchain and cryptocurrencies to the mainstream by involving regular mobile and desktop device owners into the network.
With its unique features, Enecuum offers secure and scalable blockchain services and dApps.
With its unique features, Enecuum offers secure and scalable blockchain services and dApps.
3/24 Enecuum is solving the scalability issue faced by many L1s through its HyperDAG and sharding technology.
Cool, but what is HyperDAG, right? I had the same question.
Cool, but what is HyperDAG, right? I had the same question.
4/24 HyperDAG is a data model for storing and writing transactions in Enecuum blockchain platform, with flexible settings that offer new opportunities for the practical application of blockchain technology.
5/24 It supports the creation of separate branches for tailored rules, enables the integration of sharding technology, and helps to handle a large number of transactions cheaply and quickly.
6/24 Enecuum uses a hybrid consensus algorithm called Trinity, which combines Proof-of-Work, Proof-of-Activity, and Proof-of-Stake for high network decentralization and security.
7/24 Proof-of-Activity validates the right of Proof-of-Stake leaders to publish macroblocks.
Proof-of-Stake allows network participants to validate transactions and create new blocks by holding and staking Enecuum tokens.
Proof-of-Stake allows network participants to validate transactions and create new blocks by holding and staking Enecuum tokens.
8/24 Enecuum has also developed SHARNELL Smart Contracts for high security and linear logic for automatic certification. The platform is adaptive, allowing users to vote for changes or develop and present modifications.
Read more below ⬇️
enqblockchain.medium.com/logical-smart-…
Read more below ⬇️
enqblockchain.medium.com/logical-smart-…
9/24 Transactions can be stored as blocks (Bitcoin, Ethereum) or DAG (IOTA, Byteball). Enecuum uses DAG for quick processing of txs and offers opportunities for sorting, analysis, and sampling.
Enecuum’s block size is flexible, varying from 4 KB to 4 MB to increase speed.
Enecuum’s block size is flexible, varying from 4 KB to 4 MB to increase speed.
10/24 So you may think that Enecuum is fast. But how fast?
Well - good question.
I could not find current TPS, but in the whitepaper they mention words like 'unlimited' & some sources even mention '1M+ TPS in the future'.
$ENQ community, pls add the current TPS below ⬇️
Well - good question.
I could not find current TPS, but in the whitepaper they mention words like 'unlimited' & some sources even mention '1M+ TPS in the future'.
$ENQ community, pls add the current TPS below ⬇️
11/24 Let's leave the tech side of things and jump to tokenomics.
$ENQ is the native token on Enecuum and can be used as payment, to publish smart contracts, and participate in PoS mining. It’s generated through computational power and has no fees.
Tokenomics displayed below ⬇️
$ENQ is the native token on Enecuum and can be used as payment, to publish smart contracts, and participate in PoS mining. It’s generated through computational power and has no fees.
Tokenomics displayed below ⬇️
12/24 As you can see, the emission model is almost linear.
You can expect yearly inflation around 3%.
Max supply: 350M
Circulating supply as of today: 205.2M
You can expect yearly inflation around 3%.
Max supply: 350M
Circulating supply as of today: 205.2M
13/24 Let's also quickly speak about $ENQ history & founders.
$ENQ started its journey in 2017 and the co-founders based on my research were two: Ivan Ivanov and the current CEO Mikhail Sayfullin.
Enecuum has been here for some time.
$ENQ started its journey in 2017 and the co-founders based on my research were two: Ivan Ivanov and the current CEO Mikhail Sayfullin.
Enecuum has been here for some time.
https://twitter.com/ENQ_enecuum/status/1034412107217952768?s=20&t=aScwU_78pwhG35B-9kpVOA
14/24 So what are $ENQ unique use cases?
According to their whitepaper, there are 4 major ones:
1/ Token Emission Platform
2/ Distributed Computations
3/ Decentralized Storage
4/ IoT Applications
Let me explain what they mean with these words & why $ENQ fits into it so well.
According to their whitepaper, there are 4 major ones:
1/ Token Emission Platform
2/ Distributed Computations
3/ Decentralized Storage
4/ IoT Applications
Let me explain what they mean with these words & why $ENQ fits into it so well.
15/24 Token Emission Platform
• High throughput for custom token emission
• Zero-fee transactions
• Easy creation of smart contracts in JavaScript
• Improved security with linear logic
• High throughput for custom token emission
• Zero-fee transactions
• Easy creation of smart contracts in JavaScript
• Improved security with linear logic
16/24 Distributed Computations
• Ability to run heavy smart contracts
• Flexible payment in ENQ for computational power
• Funds reserved and transferred automatically
• Ability to run heavy smart contracts
• Flexible payment in ENQ for computational power
• Funds reserved and transferred automatically
17/24 Decentralized Storage
• Effective use of disk space with sharding technology
• Growing "global decentralized disk" for data storage services
• Effective use of disk space with sharding technology
• Growing "global decentralized disk" for data storage services
18/24 IoT Applications
• Zero transaction fees for decentralized microtransactions
• Low fees for centralized microtransactions
• High availability of devices through mesh network
• Zero transaction fees for decentralized microtransactions
• Low fees for centralized microtransactions
• High availability of devices through mesh network
19/24 What I personally find interesting is the Eneecum Token Machine - the ability to create your own tokens. Pretty cool.
20/24 Let's assume you liked this thread so far and you're thinking of checking out $ENQ.
You must be wondering how big the market cap is. I got you:
As of now, it's ≈$3.2M, and CMC ranks $ENQ as the #1066 coin.
You must be wondering how big the market cap is. I got you:
As of now, it's ≈$3.2M, and CMC ranks $ENQ as the #1066 coin.
21/24 If you'd like an alternative perspective on $ENQ, I suggest reading this great thread from Sep 22 by @CryptoGirlNova ⬇️
https://twitter.com/CryptoGirlNova/status/1566498418272469001?s=20&t=2msB2U7NShk3nzI8zPCKcA
22/24 If you want to keep up with $ENQ development, I suggest following these accounts:
- @ENQ_enecuum
- @ENEXSPACE
- @Andre88612062
Feel free to add another relevant accounts in the comments ⬇️
- @ENQ_enecuum
- @ENEXSPACE
- @Andre88612062
Feel free to add another relevant accounts in the comments ⬇️
23/24 That's all for today - I hope you've found this thread helpful!
Follow me @CharlieXDeFi for more of this content.
Like/Retweet the first tweet below if you can 🙏
Follow me @CharlieXDeFi for more of this content.
Like/Retweet the first tweet below if you can 🙏
https://twitter.com/CharlieXDeFi/status/1620189003512430594
24/24 If you want to read more about another scalable L1s, consider checking out my previous thread on @EspersCoin $ESP ⬇️
Tomorrow I will look at @H_O_L_O_ $HOT #Day20
Talk to you soon 🤝
Tomorrow I will look at @H_O_L_O_ $HOT #Day20
Talk to you soon 🤝
https://twitter.com/CharlieXDeFi/status/1619751650557829121?s=20&t=aScwU_78pwhG35B-9kpVOA
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