What is Echain Network ($ECT)?
Echain is built on top of Energyfi, Echain will be the first Proof-Of-Green-Authority (POGA) and EVM (Ethereum Virtual Machine) compatible blockchain. It will be a green and fast network focused on Interoperability, DeFi and Responsible Web3 project adoption as well as users security.
Proof-Of-Green-Authority (POGA) is a consensus system that allows only authorized entities to validate transactions and propagate new blocks to the chain. In this specific cases, validators needs to run their on-chain activities thanks to renewable energy. They will be trustworthy, and subject to regular Validators Audits.
The POGA consensus is a more energy-efficient alternative to PoS because it requires fewer computing resources.
Echain Token ECT is the native utility token of Echain network. ECT will be used to pay transaction fees or any services directly related to the on-chain activity.