Image for post
Image for post

2020 has come and gone, and what a year it’s been. Filled with challenges for the whole world, as well as opportunities for growth, it has certainly been anything but boring! For Energi, 2020 has been a year of incredible growth, starting with the migration to our revolutionary Gen 3 platform and accelerating from there.

Across the Energi organization, 2020 has been marked by major milestones in our journey to global adoption. With a historic year behind us, and a new one ahead, we take a look back at the biggest achievements for Energi over the past year.


Image for post
Image for post

We’re excited to announce that, to celebrate the launch of our new NRGE token on Uniswap, we are running a contest from now until January 3, 2021. Each week, two random users who have added any amount of NRGE to the Uniswap liquidity pool will win 50 NRGE each. At the end of the final week, in addition to the two weekly winners, we will also announce one Grand Prize of 100 NRGE for whoever has made the largest single transaction throughout the competition.

Further details and rules for the contest are as follows:

1. Competition Dates:

The competition will take place each week until the first week of January at the following dates and…


You can now purchase NRGE on Uniswap

Image for post
Image for post

Uniswap is a fully decentralized on-chain protocol for token exchange on Ethereum that uses liquidity pools instead of order books. It is currently the best marketplace to swap tokens, create a market, or manage your liquidity pool as Uniswap currently holds more than 23% of the total value locked in the DeFi (Decentralized finance) space, with a current valuation at $2.8bn.

NRGE is a tokenized version of NRG that will exist on the Ethereum blockchain, allowing it to be traded on Uniswap for any other ERC-20 token. …


Image for post
Image for post

Our Energi Bureau of Investigations (EBI) has exciting news! Since the implementation of our EBI recovery tool and the safety mechanism for exchange deposits, we’ve realized a 70% reduction in cybercrime!

Cybersecurity has been at the heart of Energi since its inception. Keeping investors’ funds and digital assets safe is extremely important for mainstream adoption.

In this article, you’ll find out why cybersecurity is crucial for cryptocurrency adoption, what the EBI recovery tool is, and how it works. You’ll also see how much our high-security standards reduce cybercrime — as well as what our community members have to say.

Ready? Let’s go! …


Image for post
Image for post

People that join cryptocurrency usually do so because they share a strong set of values. Many get in for the technological appeal or the potential financial returns, or a combination of both. Some participants are attracted by the ideals and vision that crypto promises: improving digital rights, gaining data ownership, or increasing the security of their online activities.

Most of these promises are pretty straight forward and are shared across crypto — who wouldn’t like improvements in digital rights? But there is one matter that creates huge division in the space, breaking up once strong communities and causing financial unrest in many investors. …


Image for post
Image for post

Energi Defense (EBI) is proud to announce that we have discovered the real-world identity of one of the most sophisticated scammers in the cryptocurrency space: Simon S. Tadros.


Image for post
Image for post

We’d like to let our community know that we are extremely proud of your efforts to win the most recent Binance vote competition. Our community is more than three times the size of any of the other projects and twice as large as the other three competitors combined, yet we finished with only 7.9% of the 193,242 total votes. We do not view this as a loss. You responded with honesty and integrity while every one of the other competing communities used unethical means to gain votes.


Where Decentralized Networks Meet Bank-Grade Security

Image for post
Image for post

Throughout the cryptocurrency space, scams and malicious behavior are at all-time-high, largely due to lack of security initiatives and innovation. During the migration to Gen 3, we had to fight several scammers and malicious actors that were attacking the network. These attacks typically involved a scammer stealing NRG from a user wallet and then transferring it to an exchange, where they dump the coins. The individual user suffers a loss, which in some cases can be dramatic, but also the whole network gets hit when the scammer dumps the coins and diminishes the value of every NRG holder.

To tackle this, we increased the number of confirmations needed to deposit NRG on exchanges to 5,000 as a temporary measure during the migration. Before, deposits to exchanges needed only six confirmations, and they were executed in about five minutes. Scammers were using this fast speed in their favor, stealing coins and dumping them quickly, so our team started working with users in ways to increase their protection.


Image for post
Image for post

Today, we have an important update about why deposits are closed on exchanges — and what we’re doing to open them as soon as we can. Since we launched Gen 3, our priority has always been the safety of our users, the security, and stability of our network. That’s why we’ve temporarily closed deposits while we complete testing to guarantee this is the case.

As with any emerging technology, there will be challenges along the way; these should be expected, and prudent behaviour should be appreciated by the community, as it protects the community. In the cryptocurrency space, Energi is at the cutting edge of the industry. By combining smart contracts, a treasury system and masternodes into one coherent whole, we’ve pioneered and built what hundreds of other projects are still striving to achieve, pushing the limits of blockchain technology. …


Image for post
Image for post

With the launch of Gen 3 finally complete, we want to share one of our latest innovations: our new governance-based security feature. This gives Energi powerful new capabilities against hackers and scammers. But before we get into how it works, let’s consider why security is so important not just for Energi, but the entire crypto space.

Why We’re Focusing On Security

Mt. Gox, The DAO, and countless other catastrophes. Large-scale hacks and scams have become defining events in crypto history, each leading to insurmountable losses for the individuals involved. In some cases, the life savings of entire families have been stolen. …

About

Energi Cryptocurrency

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store