Electra uses NIST5/SHA256 blockchain which ensures that funds are protected from malicious attacks.
Electra offers instant transactions with a confirmation block time of 64 seconds.
Electra implemented SegWit thus making possible cross chain transactions and single confirmation transaction.
Electra transactions, unlike other transactions on other blockchains, are limited in size and scope to increase speed, efficiency, and throughput.
Electra has been launched in 2017. The Electra Project has been developed with many user-friendly features in mind, to allow merchants, customers, and casual users to incorporate Electra’s global payment system into their everyday lives. Since the beginning, Electra's main goal is to transform the world views on payments through cryptocurrency and blockchain technologies. With solid and unique project and the integrity of dedicated community, Electra developers believe that ECA will achieve this goal.
Electra uses NIST5 as its hashing algorithm which is a combinantion of the finalist and winnder of the US National Institute of Standards and Technology hash function competition. NIST5 and was developed following the results of a 5-year study at the United States’ National Institute of Standards and Technology. NIST5 has been shown to be more power efficient and secure than other industry leading algorithms.
Electra's future goals include, among others: more exchange listings, 3rd party wallet integration, merchant integration, release of iOS Wallet, introduction Atomic Swap function for ElectraPay, Electra Debit Cards and many more.