The majority of cryptocurrencies today have a system of mining in place which rewards those running their graphics card or CPUs, or specialized mining hardware. This functions as inflation or could even be seen as a type of “tax” on the cryptocurrency. Bitcoin, alone, is “burning” over FIVE BILLION dollars a year on mining.
We see Bitcoin’s massive mining reward as an overkill, and believe Bitcoin could be about as secure with only a fraction of that mining reward (as seen by Bitcoin having great network security with no corresponding problems even when the market cap and mining reward was 1/10 as it is now). If Bitcoin had a system in place similar to Energi, Bitcoin would currently have BILLIONS OF DOLLARS worth per year to allocate to development and growth. This is an enormous missed value, a gap which Energi seeks to fill. Combining this with governance and smart contract capabilities is what we see as major features of the most powerful cryptocurrencies of the future.
Energi has evolved from Proof of Work to Proof of Stake and is designed with high staking rewards to encourage security and growth. The bulk of the coin emission though is afforded to the Treasury and Masternodes. Masternodes administer governance, security, instant transactions and private transactions over the network, while the Treasury provides essential funding for all Energi services, in perpetuity.
It’s important to understand the power of Energi’s combination of features, while accompanied with strong vision. Our Treasury will support thousands of developers leading the way with cutting edge development, while also funding thousands of marketing and business development specialists to expand user awareness and build merchant adoption worldwide. Energi will eventually even help clear regulatory paths to enable deep integration in countries all around the world. To get a better picture of where we are going, checkout our Roadmap.