Enecuum
Enecuum
Token: ENQ


Enecuum is the first blockchain in the world to unite millions of smartphones and other devices into a single network.

ICO dates
Start date: 2018-06-22
End date: 2018-12-31

Registrated in: Hong Kong

Platform: Ethereum
Type: ERC20

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Enecuum categories
Business services Platform
Enecuum whitepaper
Video
Enecuum token sale
KYC passing required No | Whitelist Yes | Restriction for countries Afghanistan,Central African Republic,China,Congo,Eritrea,Ethiopia,Guinea,Guinea-Bissau,Iran,Iraq,Lebanon,Libyan Arab Jamahiriya,Mali,Serbia,Somalia,Sri Lanka,Sudan,Syrian Arab Republic,Trinidad and Tobago,Tunisia,USA,Vanuatu,Yemen
Soft cap 5,967,552 USD
Hard cap 23,870,246 USD
Tokens for sale 596,756,160
Token distribution in ICO
46%
46%
Price 1 ENQ = 0.06 USD
Acceppting ETH
Bonus in ICO No bonuses

Project description

Enecuum is a state-of-the-art blockchain environment that promotes security through smart contracts, allowing instant transactions with zero commission. The project aims to solve the problem of network scaling by simultaneously supporting three algorithms for mining: Proof-of-Stake (PoS), Proof-of-Work (PoW), Proof-of-Action (PoA).

Features

  • The main advantages of Enecuum's blockchain and cryptocurrency are speed, scalability and network security. Enecuum solution aims to allow handling up to 1 million transactions per second.
  • Enecuum is based on a hybrid consensus algorithm. One of its development components is an improved version of Bitcoin-NG, which allows the network process new blocks faster. This is an important part of the architecture that potentiates the high throughput of the network. The project will also be resistant to ASIC mining due to the CryptoNight algorithm with several additional modifications.
  • Enecuum uses two-factor proof of activity. PoA miners will reach consensus by forming teams of 64 participants. Each team publishes a chains of 62 microblocks, 40 transactions in each, and adds them to the network. PoA mining can be performed on mobile devices.
  • Enecuum uses a PoS algorithm to reach consensus as well. Miners will constantly check the balances of all the wallets in the system, receiving a flexible reward.

Token ENQ

The team will issue ERC20 token, which can later be exchanged for internal cryptocurrency in the ratio of 1 to 1. It will also be a functional token with which users can access the functions of a decentralized environment: launch of SHARNELL smart contracts, payment of commissions for transactions and access to complex calculations.

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Random whitepaper excerpts

Contents
Contents
1
1. Abstract
2
2. Disclaimer
3
3. Introduction
5
3.1. Scalability
6
3.2. Security
6
3.3. Privacy
6
4. Product Description
7
4.1 Transactions
9
4.2 Blocks
10
4.3 Branches
12
4.4 Hybrid Consensus Algorithm (PoW, PoA, PoS)
14
4.5 SHARNELL Smart Contracts
15
4.6 Tickets and Marks
16
5. Problems and Solutions
18
5.1. Scalability
18
5.2. Security
19
5.3. Privacy
20
6. Use cases
21
6.1 Initial Coin Offering Platform
21
6.2 Infrastructure for financial services and payments
21
6.3 Distributed computations
22
6.4 Decentralized storage
22
6.5 Microtransactions and IoT applications
22
7. List of References
24
1
...

1. Abstract
Currency is to the economy, what language is to the speech: with natural historic competition,
borrowed features, and things lost in translation. A language evolves in the direct proportion to
the number of its users and with the amount of pronounced/written/read material -
“transactions” in it. What keeps it alive and saves it from extinction is its circulation and the
Darwinistic ability to adapt to a change. Most traditional currencies developed naturally, similar
to most dialects formalizing over time and gradually gaining success through adoption.
Constructed languages have failed, in spite of their claim to a global success due
to well-planned features and lack of such artifacts as, say, irregular verbs.
Now that we’ve entered the world of cryptocurrencies and the blockchain, despite them being
constructed languages of a sort​
,
i

t is becoming clear that the acquired ability to adapt to
a change is what makes a platform a preferred means of tran...

2. Disclaimer
This whitepaper and any other documents published in association with this whitepaper relate
to the intended development and use of the Enecuum platform (“Enecuum”). They are for
information purposes only and may be subject to change.

This whitepaper describes a future project
This whitepaper contains forward-looking statements that are based on the beliefs of Enecuum
HK Limited, a Hong Kong incorporated company (CR: 2562183) (


C

ompany​

)

, as well as certain
assumptions made by and information available to the Company.
Enecuum as envisaged in this whitepaper is under development and is being constantly
updated, including but not limited to key governance and technical features. The ENQ token
(​

E

NQ​
”​
) involves and relates to the development and use of experimental platforms (software)
and technologies that may not come to fru...


Risk warning
The purchase of ENQ and participation in Enecuum carries with it significant risks.
Prior to purchasing ENQ, you should carefully assess and take into account the risks, including
those listed in any other documentation.

Views of the Company
The views and opinions expressed in this whitepaper are those of Enecuum and do not reflect
the official policy or position of any government, quasi-government, authority or public body
(including but not limited to any regulatory body of any jurisdiction) in any jurisdiction.
Information contained in this whitepaper is based on sources considered reliable by the
Company but there is no assurance as to their accuracy or completeness.

English is the authorised language of this whitepaper
This whitepaper and related materials are issued in English only. Any translation is for reference
purposes only and is not certified by the Company or any other person. No assurance can be
made as to the accuracy and compl...

3. Introduction
Since the Bitcoin’s creation in 2009, its underlying blockchain technology has opened up new
prospects for evolution of the the world economy. The subsequent emergence of smart
contracts
1
, facilitating credible automated transactions on pre-determined conditions,
significantly expanded application potential of this technology. We believe that blockchain is
capable of revolutionizing many areas of financial and economic activity, such as trade,
financial markets, voting and even logistics.
Today almost all leading institutions compete to develop the best solutions. The largest banks
and corporations are forming consortiums, while governments are looking for ways to create
appropriate legal framework to support the technology.
Existing solutions, Ethereum being amongst the most prominent, are already providing ample
opportunities for the application of blockchain technology in combination with smart contracts.
Nevertheless, for further development and mass populariz...

This fact greatly increases various risks associated with the centralization of the system, for
instance, an opportunity for conducting a​ “51% attack”
2
.
Another threat to security arises in relation to smart contracts which are more susceptible to
vulnerabilities and bugs than the blockchain itself, and have already resulted in millions of
dollars of losses for users and inflicted damage to the industry. We expect that the number of
smart contracts in use will continue to grow; however, the existing ways of identifying their
weak spots are still inadequate.
Another burning issue these days is the effect that centralization can have on blockchain
direction and control. This may arise where there is power centralization in the hands of a small
group of people who can effect modifications to the core protocol [2]. If and when the opinions
of these groups contradict the interests of the community, this may lead to a conflict that can
completely paralyze the process of system modernizati...

4. Product Description
Enecuum is designed as a next generation decentralized blockchain platform with unique
features that have the potential to help implement a large number of secure and well-scalable
blockchain services and decentralized applications.
One of Enecuum’s key advantages over other platforms is the “​HyperDAG”
3
- a data model for
storing and writing transactions, with flexible settings that offer new opportunities for the
practical application of blockchain technology. HyperDAG supports the creation of separate
branches where the rules can be tailored to solve numerous potential business problems
including the ability to handle a large number of transactions cheaply and quickly. Furthermore,
this solution allows to integrate the ‘sharding’ technology
4
that is successful in solving the
scalability problem.
Figure 1. Pending DAG as a part of a HyperDAG
Enecuum uses a hybrid consensus algorithm combining the Proof-of-Work (“
P

Enecuum has developed “SHARNELL Smart Contracts”
5
[20] to operate on the Enecuum
platform. These contracts consist exclusively of formulae and business oriented linear logic
6
.
SHARNELL Smart Contracts aim to contribute to a high security level within Enecuum.
Lineare logic allows for reliable automatic certification of smart contracts prior to their
publication to the system, which we believe significantly reduces potential vulnerabilities,
misuse, freezes, deadlocks, and other undesirable outcomes in the system.
One advantage of Enecuum is that it is a highly adaptive system. Users can take part in its
development and vote for other participants’ proposals in regard to improving system
functionality. There are two ways to factor in changes of system parameters:

to branch the project repository on GitHub
7
and present a modified version of the
protocol (likely to be used by experienced developers); or

to vote for adjustment of an...

Enecuum Roadmap

1
2015
Launch the project. Analyze the architecture of various known blockchains for existing problems and ways to solve them.
2
Q2 2017
R&D existing blockchains.
3
Q3 2017
Position paper V.1 Describe system architecture.
4
Q4 2017
Assemble the core dev team.
5
Q1 2018
Implement the network protocol.
6
Q2 2018
Implement PoW and PoA nodes.
7
Q3 2018
Launch the test net alpha (Genesis). PoA rewards tests. Blockchain explorer. Airdrop phase 1
8
Q4 2018
Launch the test net beta (Neuro). PoW, PoA, PoS rewards with AI neural network. Trinity consensus algorithm. Create first smart contracts use cases for partner Dapps.
9
Q1 2019
SHARNELL smart contracts with implementation cross chains interoperability Publishing cycle of academic papers in peer-reviewed magazines (WoS, Scopus). Launching an ecosystem scaling program.
10
Q2 2019
Release main net alpha (Trinity). Collect statistical data. Private blockchain solution.
11
Q3 2019
Developing SDK for Smart contracts. Updating smart contract virtual machine. Publishing nodes API and documentation.
12
Q4 2019
Release Enecuum v1.0 Maintaining system health
Stefan Hamminga
Stefan Hamminga AI Engineer

Dmitry Pavlyuk
Dmitry Pavlyuk Software Developer

Kseniya Pozdnyakova
Kseniya Pozdnyakova Software Developer

Darya Melnikova
Darya Melnikova Software Developer

Ilya Gruzdev
Ilya Gruzdev Software Developer

Konstantin Zhidanov
Konstantin Zhidanov Software Developer

Pinxuan Wu
Pinxuan Wu Support Manager

Alexandr Tsybiskin
Alexandr Tsybiskin Support Manager

Amanda Hung
Amanda Hung Senior Accountant

Alexander Rugaev
Advisor Alexander Rugaev Advisor

Lana Lyu
Advisor Lana Lyu Advisor

Tarun Jaswani
Advisor Tarun Jaswani Advisor

Michael Kiook Jeoung
Advisor Michael Kiook Jeoung Advisor

Jorge Sebastiao
Advisor Jorge Sebastiao Advisor

Ran Neu-Ner
Advisor Ran Neu-Ner Advisor

Stan Prihodko
Advisor Stan Prihodko Advisor

Alexander Rugaev
Alexander Rugaev
Advisor
ICO Campaign & strategic Adviser
Chief Crypto Officer
CEO of ICOpromo.com
Jorge Sebastiao
Jorge Sebastiao
Advisor
Lead Advisor
CTO Ecosystem at Huawei Technologies
Advisor – CISSP, ISO27001 Lead Auditor, ITIL, ISP
Ran Neu-Ner
Ran Neu-Ner
Advisor