What Is Enecuum?
Enecuum is a decentralized and innovative platform for integrating blockchain into business processes. It has unique features that help it implement a huge number of well scalable and secure blockchain services as well as decentralized applications.
Enecuum Decentralized Business Blockchain Platform Features
One of the key features of the platform is the Hyper Directed Acyclic Graph (HyperDAG), which is a data model whose usage is storing and writing transactions made on the platform. The model has flexible settings that give new opportunities to practically apply blockchain technology. HyperDAG allows the creation of a variety of separate branches with adjustable rules that allow handling large numbers of transactions quickly and cheaply.
The model also permits the use of sharding technology to solve scalability that allows the storing of records of data among a variety of machines while maintaining reliability of the data.
Enecuum exploits several hybrid consensus algorithm mechanisms, which include Proof of Work (PoW), Proof of Activity (PoA) and Proof of Stake (PoS) in order to improve the possibility of confirming transactions from any device that in connection to the network. This leads to high decentralization and makes the platform very resistant to any type of attacks that is directed to it.
By use of sharding technology, the platform allows blockchain to be divided into various smaller parts and stored in several branches thus improving scalability of the system. The platform can easily handle a variety of transactions at a time without tampering with the systems security.
To make the platform even more secure, it uses Proof of Work to confirm transactions. Proof of Work is an algorithm that is reliable and efficient in protecting blockchain systems from a variety of attacks like spamming, hacking, and Denial of Service (DoS).
Transactions made on the platform are in a private mode thus minimizing the risk of disclosure of a user’s identity. The transactions are anonymous and only a user can choose whether to disclose their information or not.
Enecuum ENQ Token & ICO Details
The native token of the platform is ENQ, which are ERC20 compliant and are issued during the platforms Initial Coin Offering. The tokens will be generated in accordance with specific parameters of the system and will be given out as rewards for miners for using their computational powers in the platform.
ENQ tokens can be sent and received from one miner to another with no applicable fees. The tokens can also be used as a means of payment for the publishing of smart contracts on the network. Miners can use it also as payment for the creation of custom macro blocks, performing of mathematical computations that are complex on a smart contract, for new tokens and branches and for participating in PoS mining.