Enecuum to USD Price Chart

How much is Enecuum (ENQ) priced today?

Enecuum (ENQ)'s price today is $ 0.00139064, with a market capitalization ranking of #3172. It has decreased by -14.68% over the past 24 hours, showing volatility in its price. The trading volume in the same period was 354.9.

What Is Enecuum (ENQ)?

Enecuum is considered to be a next-generation blockchain platform that aims to enhance security using mathematical smart contracts. It supports instant transactions without any commission and also tackles the challenge of blockchain scalability by incorporating three mining algorithms: Proof of Stake (PoS), Proof of Work (PoW), and Proof of Activity (PoA). This multifaceted approach to mining is part of what makes Enecuum innovative as it attempts to create an ideal ecosystem for decentralized applications and business applications.

What are Enecuum's key features and how does it work?

Enecuum boasts several key features that make it stand out in the blockchain space. It uses mobile mining, which allows for the blockchain network to be supported by mobile devices, increasing accessibility and participation. The platform also employs smart contracts based on Petri nets and linear logic, providing a robust environment for executing complex contracts.

With a hybrid consensus algorithm, Enecuum blends different protocols to secure the network and confirms transactions efficiently. This approach caters to the project's scalability, speed, and security. Furthermore, the project's governance is notable, with management decisions influenced by the time contributed to its development.

How does the hybrid consensus algorithm in Enecuum work?

Enecuum's hybrid consensus algorithm is a combination of PoS, PoW, and PoA. By allowing different methods of participation in the network, it offers users various ways to contribute and earn rewards. PoS enables users to stake their ENQ tokens to become validators and earn transaction fees. PoW allows miners to use computational power to solve cryptographic puzzles and secure the network. PoA involves validators who are entrusted to certify blocks and transactions.

The idea behind this hybrid model is to gain the benefits of all three consensus algorithms, such as the energy efficiency of PoS, the security provided by PoW, and the speed and reliability of PoA. It also aims to make the network more democratic and decentralized by not heavily favoring any single method of mining.

What Makes Enecuum Unique?

Enecuum's uniqueness lies in its innovative approach to blockchain technology. By allowing mining through mobile devices, it opens up new possibilities for network participation. Its smart contracts are designed to process with higher efficiency and security, based on advanced mathematical models. The hybrid consensus algorithm is also not commonly seen in other blockchain projects, making Enecuum an intriguing project that seeks to address some of the limitations existing in traditional blockchains.

How Is the Enecuum Network Secured?

The security of the Enecuum network is maintained through its hybrid consensus algorithm, which combines PoS, PoW, and PoA. This blend provides a layered security approach, making the network resilient against certain types of attacks that could exploit a single consensus mechanism. The diversity in mining algorithms implies that an attacker would need to compromise several parts of the network to carry out a successful attack, thus significantly increasing the security of the platform.

How Much Enecuum (ENQ) Is in Circulation?

The circulating supply of Enecuum (ENQ) is 292.2M, while the total supply is 350.0M. The finite total supply helps in maintaining the scarcity and potential value of ENQ tokens over time.

How Does Enecuum's Approach to DApps and Business Applications Differ?

Enecuum presents itself as an excellent environment for decentralized applications (DApps) and business applications by providing a scalable, secure, and fast platform. The project claims that its unique combination of mining algorithms, smart contract capabilities, and a dedicated development team position it as a suitable choice for companies looking to leverage blockchain technology.

Where Can You Buy Enecuum (ENQ)?

Enecuum (ENQ) can be purchased on several cryptocurrency exchanges listed under Probit, Graviex. The availability may vary, so it is advised to check the listed exchanges directly for current trading pairs and available services.

What is the Enecuum Development Team's Philosophy?

The development team behind Enecuum values scalability, speed, and security. They aim to create a protocol that looks towards the future by utilizing innovative solutions. With team members spread across Hong Kong, Dusseldorf, St. Petersburg, and Seoul, they emphasize a decentralized and distributed work philosophy that mirrors the principles of the blockchain technology they develop.

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