Electra Protocol is a novel layer-1-blockchain which was launched in 2021. It was created by volunteers from around the world to become a credible, neutral public blockchain infrastructure. The goal is to provide a highly reliable ecosystem which does not rely on investors. In order to avoid Electra Protocol being classified as a security by regulators, it was launched without conducting an Initial Coin Offering or other kinds of external funding. Electra Protocol is crowdsourced exactly like Bitcoin was. However it is a lot faster and eco-friendly thanks to its proof-of-stake consensus. The native coin XEP is running on the Electra Protocol core chain.