Electra Protocol is an operating system for instant transactions running on its own layer-1 blockchain which is scalable, decentralized, and secure. Usually up to 1000 nodes keep the network running. And the network keeps growing! Anyone will be able to create payment solutions using smart contracts and own public tokens on top of Electra Protocol using the Solidity programming language. Perfect also for decentralized finance, digital ID, NFTs, gaming, supply chain tracking, and more.

Electra Protocol transactions are received in the recipient’s wallet almost instantly, and the XEP received is spendable as soon as the first confirmation is recorded in the blockchain. The transaction confirmation process occurs at an unparalleled 80 seconds, making Electra Protocol one of the fastest in the industry. With the activation of validator nodes, XEP transactions will be settled with instant confirmations.

Instead of focussing on building hype for short-term speculation, Electra Protocol is aiming to create an ecosystem that will help to solve actual problems. The biggest challenge worldwide are multicurrency, instant payments at near-zero costs – without needing a bank account or credit card. In addition, Electra Protocol is adding programmable smart contracts so that anyone can create innovative solutions beyond just payments.

Electra Protocol has a coin named XEP (native token) running on its blockchain. The main purpose of this cryptocurrency is to be used for sending XEP coins in transactions and use it as a way to pay for transaction fees. As Electra Protocol is an innovative proof-of-stake blockchain, users can also stake their XEP holdings directly on the network to support its availability and strength. Users cannot delegate XEP to 3rd party validators.