EFL meaning in Cryptocurrency ?

tuteeHUB earn credit +10 pts

Answer:

e-Gulden is a project that was initiated by a group of students in the Netherlands. Their mission was to present a local alternative to the Euro and Bitcoin. In July 2014, a group of volunteers set up the Electroniic Gulden foundation. The current focus of the Electronic Gulden Foundation is community building, especially within the Dutch community.

Its approach towards addressing the 51% attack vulnerability inherent in PoW coins was through the use of an "oeruschield" extension, named after two e-Gulden core-developers. This shield entails "identified mining". Dutch companies registered with the Dutch Chamber of Commerce can reportedly request certification to be allowed to operate a certified mining pool,1 in 6 e-gulden blocks must be mined by a certified mining pool. Currently, 3 such pools are operational. These mining pools reportedly control 1/6 of the e-gulden network difficulty.

reference

Report

Posted on 16 Sep 2024, this text provides information on Miscellaneous in Cryptocurrency related to Cryptocurrency. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

Take Quiz To Earn Credits!

Turn Your Knowledge into Earnings.

tuteehub_quiz

Write Your Comments or Explanations to Help Others



webstory list tuteehub
Miscellaneous in Cryptocurrency
webstory list tuteehub
Miscellaneous in Cryptocurrency


Ever curious about what that abbreviation stands for? fullforms has got them all listed out for you to explore. Simply,Choose a subject/topic and get started on a self-paced learning journey in a world of fullforms.

Important Cryptocurrency Links

open app imageOPEN APP