Enecuum is a mobile blockchain protocol for decentralized web 3.0 applications..
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- How does Enecuum´s PoA / PoS / PoW Hybrid Model work?
- Could you explain to me the emission and incentives model?
- What is Enecuum?
- What is Trinity consensus algorithm?
- How was Enecuum launched?
Trinity consensus mechanisms work simultaneously:
Problem Solvers (PoW nodes) create the backbone of the blockchain structure.
Publishers (PoA nodes) complete and publish micro blocks. Holders (PoS nodes) maintain system efficiency.
Through cryptography, nodes may become interchangeable.
The ENQ emission model is proposed to progress in two stages.
The upper limit of all ENQ in the system is proposed to be 845,870,425.00 ENQ.
1. Stage one.
15% of the total emission of ENQ is proposed to be pre-mined as ENQ(ERC20) tokens in Ethereum network by the Enecuum development team in order to create an initial distribution pool. This equates to 126,880,563.75 ENQ.
This initial pool is intended to be used in the future for exchange of ENQ(ERC-20) to ENQ upon the launch of Enecuum adaptive decentralized environment.
2. Stage two.
During the 25 years following the end of Stage 1, a further 60% of the total ENQ emission is intended to be available to be mined, and 25% of the total ENQ emission will be pre-mined intended to be used for the Enecuum development team and the reserve fund.
Enecuum is the first blockchain in the world to unite millions of smartphones and other mobile devices into a single network.
Each smartphone can become a miner and make Enecuum stronger and more reliable.
The Trinity algorithm combines PoA, PoW, and PoS.
This hybrid approach to consensus provides a high degree of network decentralization,
while significantly increasing both network security and transaction execution speed.
Network security is further enhanced by integrated innovative cryptographic solutions.
Enecuum HK Limited founded in Hong-Kong in 2017. The technology development has started at the same time.