{"id":657,"date":"2015-12-15T19:01:59","date_gmt":"2015-12-15T16:01:59","guid":{"rendered":"https:\/\/forklog.media\/?p=657"},"modified":"2018-08-19T22:20:55","modified_gmt":"2018-08-19T19:20:55","slug":"elephant-announces-launching-of-its-ethereum-based-financial-platform","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/elephant-announces-launching-of-its-ethereum-based-financial-platform\/","title":{"rendered":"Elephant Announces Launch of Its Ethereum-based Financial Platform"},"content":{"rendered":"<p><a href=\"http:\/\/7elephant.org\/en\" target=\"_blank\" rel=\"noopener\">Elephant <\/a>has announced official launching of its elcoin network. As of today, exchange services commence their operations, and users may redeem pre-mines directly from their wallets. Also, an Android app is available. According to the project managers, release of an iOS app is expected next week.<br \/>\n<!--more--><\/p>\n<p>Elephant is a multifunctional Ethereum-based platform. The project incorporates twelve internal services providing various options for elCoin tokens, including colored coins and smart contracts.<\/p>\n<blockquote><p><strong>&#8220;We can be sure that Elcoin is among the most innovative projects in finance, and it raises the ante for cryptocurrency projects&#8217; complexity. Elcoin will go down in history as the first of its kind: a wide-scale smart contract; a multi-sig wallet for second generation cryptocurrencies (Bitcoin 2.0); a cryptocurrency financial tool that does not require its users to know anything about the underlying network,&#8221;\u00a0<\/strong>the project&#8217;s whitepaper states.<\/p><\/blockquote>\n<p>Elephant&#8217;s issuance procedure combines PoS and PoT consensus algorithms, which allows one to manage risks of inflation and deflation models of economy. Proof-of-Stake algorithm is well-known in the cryptocommunity, and requires no supplementary descriptions. PoS reward settlement occurs every 10 days during 2,550 days (almost seven years) as of he project&#8217;s launch.<\/p>\n<blockquote><p><strong>&#8220;By launching and developing Elephant, we tried to consider all disadvantages and complexities a user might face during their work with cryptocurrencies. We didn&#8217;t attempt to create yet another cryptocurrency. It was a convenient payment system with a kit of modern cryptographically secure and user-friendly financial tools in the first place,&#8221;\u00a0<\/strong>Maxim Levoshin, the company&#8217;s president, says.<\/p><\/blockquote>\n<p>Further details as to Elephant&#8217;s technical implementation are available in the official whitepaper.<\/p>\n<p>Follow ForkLog on <span style=\"text-decoration: underline;\"><a href=\" https:\/\/twitter.com\/forklog_en\/\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a><\/span> and <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.facebook.com\/forklogen\/\" target=\"_blank\" rel=\"nofollow noopener\"> Facebook<\/a><\/span>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elephant has announced official launching of its elcoin network. As of today, exchange services commence their operations, and users may redeem pre-mines directly from their wallets. Also, an Android app is available. According to the project managers, release of an iOS app is expected next week.<\/p>\n","protected":false},"author":1,"featured_media":490,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"human_written","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[45],"class_list":["post-657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-elephant"],"aioseo_notices":[],"amp_enabled":true,"views":"51","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=657"}],"version-history":[{"count":4,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/657\/revisions"}],"predecessor-version":[{"id":5412,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/657\/revisions\/5412"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/490"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}