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Summary of e-Gulden
- e-Gulden is a project initiated by Dutch students as a local alternative to the Euro and Bitcoin.
- The Electronic Gulden Foundation was set up in July 2014.
- The foundation’s current focus is community building, particularly in the Dutch community.
- e-Gulden addresses the 51% attack vulnerability through the “oeruschield” extension, which uses “identified mining”.
- Certified mining pools, registered with the Dutch Chamber of Commerce, operate 1/6 of the e-gulden blocks.
- Currently, 3 certified mining pools are operational, controlling 1/6 of the e-gulden network difficulty.
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About e-Gulden: A Pioneering Cryptocurrency
e-Gulden is a pioneering project conceived by a group of innovative students in the Netherlands, driven by a mission to introduce a local alternative to the Euro and Bitcoin. In July 2014, a dedicated team of volunteers established the Electronic Gulden Foundation. Currently, the foundation’s primary focus lies in fostering a sense of community, with a particular emphasis on nurturing ties within the Dutch community.
The approach to mitigating the 51% attack vulnerability inherent in PoW coins involves the implementation of an “oeruschield” extension, named in honor of two e-Gulden core developers. This shield incorporates “identified mining,” which enables Dutch companies registered with the Dutch Chamber of Commerce to request certification to operate a certified mining pool. Notably, one in six e-gulden blocks must be mined by a certified mining pool. Currently, three such pools are operational, collectively controlling one-sixth of the e-gulden network’s difficulty.