# e-Gulden (EFL)

**Rank:** #11776
**Type:** Coin
**Source:** [View on Coinpaprika](https://coinpaprika.com/valjuta/efl-e-gulden/)

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## About

### What is e-Gulden?

e-Gulden (EFL) is a cryptocurrency designed to facilitate fast and secure payments within the Netherlands and beyond. As a blockchain-based asset, it operates on its own blockchain, enabling users to transact directly without intermediaries. The core purpose of the e-Gulden token is to serve as a medium of exchange, promoting local commerce and community engagement. With its focus on usability and accessibility, e-Gulden aims to foster a digital economy that benefits everyday users.

### When and how did e-Gulden start?

e-Gulden (EFL) was launched in 2014 as a cryptocurrency aimed at facilitating transactions within the Netherlands. Created by a team of Dutch developers, e-Gulden was designed to serve as a digital currency for everyday use, emphasizing ease of use and local adoption. The coin was initially listed on various exchanges, which helped to establish its presence in the crypto market and promote its utility. Over the years, e-Gulden has undergone updates and developments to enhance its functionality and user experience.

### What’s coming up for e-Gulden?

e-Gulden (EFL) is gearing up for significant advancements as outlined in its latest roadmap. Upcoming features include enhanced transaction speed and improved security protocols, which aim to bolster user confidence and streamline operations. The community is actively working on initiatives to expand merchant adoption, enhancing real-world use cases for e-Gulden. With these developments, e-Gulden is poised to evolve as a more robust digital currency, aligning with its goals of fostering a vibrant ecosystem and increasing user engagement. Keep an eye on future updates as the project continues to expand its reach and functionality.

### What makes e-Gulden stand out?

e-Gulden (EFL) is unique compared to other cryptocurrencies due to its focus on local adoption in the Netherlands, utilizing a community-driven approach to promote real-world use cases. Its standout technology includes a hybrid consensus mechanism that combines Proof of Work and Proof of Stake, enhancing security and energy efficiency. Additionally, e-Gulden's tokenomics features a low inflation rate, ensuring long-term value retention for its users.

### What can you do with e-Gulden?

e-Gulden (EFL) is primarily used for payments, allowing users to transact quickly and securely. It also serves as a utility token for staking, enabling holders to earn rewards while participating in the network's governance. Additionally, e-Gulden can be utilized in various DeFi apps and for trading NFTs, enhancing its versatility within the crypto ecosystem.

### Is e-Gulden still active or relevant?

e-Gulden (EFL) is currently active, with ongoing development and a dedicated community presence. It is still traded on various exchanges, indicating a level of market interest and engagement. However, it's important to monitor updates from the developers to ensure the project remains active and not considered abandoned in the future.

### Who is e-Gulden designed for?

e-Gulden (EFL) is primarily built for a community of users in the Netherlands, focusing on individuals and businesses seeking to leverage a local cryptocurrency for everyday transactions. Its target audience includes merchants looking to accept digital payments and users interested in a user-friendly, community-driven alternative to traditional fiat currencies. The platform aims to foster local adoption and usage, making it ideal for those engaged in regional commerce and digital finance.

### How is e-Gulden secured?

e-Gulden (EFL) secures its network through a hybrid consensus mechanism that combines Proof of Work (PoW) and Proof of Stake (PoS), enhancing blockchain protection and network security. This dual approach allows miners and validators to participate in the validation process, ensuring a robust and decentralized network while maintaining efficient transaction processing.

### Has e-Gulden faced any controversy or risks?

e-Gulden (EFL) has faced challenges related to extreme volatility, which poses a significant risk for investors. Additionally, the project has encountered controversies regarding its security, including past hacks that raised concerns about the robustness of its infrastructure. While there have been no major legal issues reported, the potential for future security incidents remains a crucial consideration for users and investors alike.

