Today is Electra’s one year anniversary! Over the course of the year Electra has faced many obstacles and has overcome them successfully to become the premier NIST5 cryptocurrency. Since the start of our existence we overcame a blockchain freeze, the Novaexchange takeover and Coinsmarkets blocking all accounts. Our largest initial miners, stakeholders and investors during the early stages of Electra have become USD millionaires. Today, Electra is stronger than ever. We have a large community and are listed on multiple exchanges.
The bonanza was a great success and drew in a lot of people which kick-started Electra with a large user base. For a short moment right between when we fixed our frozen blockchain and the sell-off that followed, Electra became the first cryptocurrency to surpass Bitcoin’s (circulating supply*price) market cap, on June 23 2017, and no one can take this away from us. Since then, some of our June data has been
omitted or deleted.
We are busy working on an update for the Electra blockchain that will improve security and make Electra eligible for atomic swaps via the Komodo platform. I am working with top-level consultants in order to ensure that Electra’s blockchain is updated with quality. The community has been tasked with gathering data on node latency which will be used to decide whether to change the block time or not. ETA for this update is within two months and I don’t plan to apply to new exchanges during this time.
Since publishing Electra, I have been highly impressed with the level of cooperativeness within the cryptocurrency community. Electra broke through the competition because of the mutual support between its users and its openness to newcomers. Some members of the community plan to set up a non-profit foundation for Electra this year which I will fully support. In the future, I hope to see Electra governed by the foundation set up by its own community. I will continue to contribute to Electra after the foundation is set up. The cryptocurrency world has changed a lot over the past year. Competition and barriers to entry have increased greatly. Electra has adapted to this new environment and will continue to do so.