Review on Energi by Fanuel PORPORTY
Energi : CRYPTOCURRENCY for word adoption
Energi (NRG) has been one of the biggest movers in the cryptocurrency space over the last couple of days – catapulting into the top 100. At its core, the NRG blockchain is trying to take distributed ledger technology to the masses and achieve widespread adoption. Energi wants to build a secure, user-friendly platform that is trusted and globally accepted.
Like most other cryptocurrencies, Energi is decentralized and blockchain based. Its focus is on decentralized applications and smart contracts, and it has a good method of governance along with a self-funding treasury model intended to assist in making it the largest, most popular blockchain platform in the world.
The Energi project began in the summer of 2017 as a fork of the Dash blockchain. At the time it used a Proof-of-Work consensus mechanism, with an ASIC resistant algorithm called Energi hash that is similar to Ethereum’s Ethash.Since then it has transitioned to a Proof-of-Stake consensus with a network of masternodes. These masternodes provide usability and some of the notable features of Energi.
Pros
- A self-funding treasury isn’t an unusual feature in a masternode blockchain, but Energi has one of the largest percentage allocations to the treasury of any masternode blockchain. A full 40% of the released NRG goes to the treasury.
- Like many of the other more recent blockchain projects, Energi has included a community-based governance model. In the Energi model, any stakeholder can submit a proposal for open consideration by the community.
Cons
- Energy to competitors
