e-Gulden PriceEFL

What is e-Gulden (EFL)?

e-Gulden (EFL) is a Dutch-focused cryptocurrency whose founding is described as anonymous; its resources are donated to the Dutch community. The project is named after the Gulden Florjin, a Dutch coin from the Middle Ages, and is primarily created for the Dutch people of the Netherlands. Like SpainCoin, Scotcoin, CryptoEscudo, and other nationally inspired cryptocurrencies, e-Gulden is a nationally inspired coin: 50% of supply is mineable by anyone and 50% is allotted to Dutch households verified with two proofs of address (two utility bills). The EFL platform is a fork of Litecoin that uses a Scrypt algorithm and operates on a Proof of Work consensus mechanism. The coin has a max supply of 21,000,000 EFL, with block rewards halving every 210,000 blocks and difficulty adjusting every 4,500 blocks. The starting block reward was 25 coins per block. e-Gulden is regulated by the Electronic Gulden Foundation (EGF), which was established in July 2014 by a group of volunteers.

Key Specifications & Tokenomics

• Name: e-Gulden
• Symbol / Ticker: EFL
• Consensus: Proof of Work (PoW), Scrypt, Mineable
• Blockchain Type: Fork of Litecoin
• Algorithm: Scrypt
• Max Supply: 21,000,000 EFL
• Total Supply: approx. 20.99M EFL
• Circulating Supply (self-reported): approx. 17.17M EFL (about 81.8% of max supply)
• Starting Block Reward: 25 coins per block
• Block Reward Halving: Every 210,000 blocks
• Difficulty Adjustment: Every 4,500 blocks
• Distribution Model: 50% mineable by anyone, 50% allotted to Dutch Households verified using two proofs of address — two utility bills
• Foundation: Electronic Gulden Foundation (EGF)
• Launch Date: 2014-03-26
• Official Website: http://www.e-gulden.org
• Block Explorer: https://chainz.cryptoid.info/efl/
• Source Code: https://github.com/Electronic-Gulden-Foundation/

Who created e-Gulden?

According to the project's own description, it was initiated by a group of students in the Netherlands. In July 2014, a group of volunteers set up the Electronic Gulden foundation. As of the project's published materials, the Electronic Gulden Foundation lists Dennis Ruhe and Gerrit Oerlemans. The "oeruschield" extension is named after two e-Gulden core developers (the project does not name them in its public materials). The current focus of the Electronic Gulden Foundation is community building, especially within the Dutch community.

How does e-Gulden work?

e-Gulden operates as a fork of Litecoin, utilizing the Scrypt algorithm within a Proof of Work consensus mechanism. Users are able to generate EFL through the process of mining. The network has a max supply of 21,000,000 coins, with block rewards halving every 210,000 blocks and difficulty adjustments occurring every 4,500 blocks. The starting block reward was 25 coins per block. To address the 51% attack vulnerability inherent in PoW coins, e-Gulden implemented an "oeruschield" extension, named after two e-Gulden core developers. This shield entails "identified mining," where Dutch companies registered with the Dutch Chamber of Commerce can reportedly request certification to be allowed to operate a certified mining pool. Under this system, 1 in 6 e-Gulden blocks must be mined by a certified mining pool; reportedly, 3 such pools are operational and together account for about 1/6 of the network difficulty.

What makes e-Gulden unique and valuable?

e-Gulden distinguishes itself through its nationally inspired approach, being primarily created for the Dutch people of the Netherlands as a local alternative to the Euro and Bitcoin. The project is named after the Gulden Florjin, a Dutch coin from the Middle Ages. Its distribution model is notable: 50% of the coin can be mined by anyone and 50% is allotted to Dutch Households, verified using two proofs of address — two utility bills. The "oeruschield" extension represents a unique approach to addressing the 51% attack vulnerability inherent in PoW coins through "identified mining." Dutch companies registered with the Dutch Chamber of Commerce can reportedly request certification to operate a certified mining pool, with 1 in 6 e-Gulden blocks required to be mined by a certified mining pool. Reportedly, 3 such pools are operational. The project is regulated by the Electronic Gulden Foundation (EGF), which focuses on community building, especially within the Dutch community. According to the project's own exchange information document, its core value is education and adoption in the Netherlands, and the codebase is fully open source.

What is e-Gulden used for?

e-Gulden serves as a cryptocurrency primarily created for the Dutch people of the Netherlands, presenting a local alternative to the Euro and Bitcoin. The coin is used for peer-to-peer transactions and can be mined by anyone. Users are able to generate EFL through the process of mining. EFL trades on a small number of active markets; the project's own exchange information document and its CoinMarketCap page list the currently available venues. Peer-to-peer trading venues may be available, but they carry counterparty risk and EFL's price can be highly volatile.

How Is the e-Gulden ecosystem developing?

The current focus of the Electronic Gulden Foundation is community building, especially within the Dutch community. The foundation regulates the project and, as of the project's published materials, lists Dennis Ruhe and Gerrit Oerlemans. Official announcements are posted at https://bitcointalk.org/index.php?topic=843017; an April 2014 forum thread compared e-Gulden (EFL) with the similarly Dutch-focused Guldencoin (NLG). The project maintains a presence on Twitter at https://twitter.com/eguldenfoundati. The "oeruschield" extension represents an ongoing technical development, with reportedly 3 certified mining pools currently operational and together accounting for about 1/6 of the network difficulty.

How to mine e-Gulden?

e-Gulden operates on a Proof of Work consensus mechanism using the Scrypt algorithm and is mineable. Users are able to generate EFL through the process of mining. The starting block reward was 25 coins per block, with block rewards halving every 210,000 blocks and difficulty adjusting every 4,500 blocks. The network has a max supply of 21,000,000 coins. Under the "oeruschield" extension, 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; reportedly, 3 such pools are operational and together account for about 1/6 of the network difficulty. To mine EFL, run a Scrypt-capable miner pointed at a pool listed for e-Gulden, configure your wallet address as the payout address, and confirm accepted shares and payouts on the e-Gulden block explorer (chainz.cryptoid.info/efl). Note that under "oeruschield," 1 in 6 blocks must come from a certified pool.

How to keep your e-Gulden Coin safe?

For storage, use the official e-Gulden core wallet (open source, from the Electronic Gulden Foundation's GitHub) or a hardware wallet that supports Scrypt-based Litecoin forks; always verify the address on the device before sending.

Risks and uncertainties

EFL's price can be highly volatile, and the value of holdings may rise or fall sharply. Regulatory treatment of cryptocurrencies varies by jurisdiction and may change, which can affect access to trading venues and the legal status of holdings. Technical risks include software bugs, mining centralization, and the possibility that the "oeruschield" certification model does not deliver the intended protection. Statements about the project's value and development are the project's own views and should not be treated as established facts.