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e-Gulden (EFL)

e-Gulden (EFL)

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About e-Gulden

e-Gulden is a project that was initiated by a group of students in the Netherlands. Their mission was to present a local alternative to the Euro and Bitcoin. In July 2014, a group of volunteers set up the Electroniic Gulden foundation. The current focus of the Electronic Gulden Foundation is community building, especially within the Dutch community.,Its approach towards addressing the 51% attack vulnerability inherent in PoW coins was through the use of an 'oeruschield' extension, named after two e-Gulden core-developers. This shield entails 'identified mining'. Dutch companies registered with the Dutch Chamber of Commerce can reportedly request certification to be allowed to operate a certified mining pool,1 in 6 e-gulden blocks must be mined by a certified mining pool. Currently, 3 such pools are operational. These mining pools reportedly control 1/6 of the e-gulden network difficulty.
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