Essence of Electroneum

The definition and history of Electroneum

The Electroneum is an all-new British cryptocurrency founded by Richard Ells and was launched on 14th September. It was developed to be used in online markets of gambling and mobile gaming. It is expected to be the most user-friendly cryptocurrencies in the market because it allows the user to mine and wallet management all from a mobile application. The first British cryptocurrency in the market represents a great change in pace in the market. The blockchain on which it is built is unique and has been specially designed to dominate the market of mobile.

It is incredibly simple to mine and manages it on mobile applications. And hence it is capable of easily becoming the new and secure method of making the transactions from the mobile phone of the user. It can be further used for buying mobile games, sending and receiving money from friends and family and the user can also use it to bet on the live sports. This unique feature sets it apart from the other major cryptocurrencies in the market which are almost next to impossible to buy and spend. The main aim behind developing such a cryptocurrency is to make it simple for mobile users to acquire Electroneum.

The features of Electroneum

• It is the first mobile cryptocurrency and is designed from the ground up for the purpose of mass adoption.
• It is the first cryptocurrency which is based on an application.
• It is also the only cryptocurrency which has adopted AML and KYC.
• The Electroneum is also reportedly the fastest cryptocurrency in the world attributed to its instant transactions.
• It is also the easiest cryptocurrency to integrate into the world.

The difference between the bitcoin and Electroneum

The Electroneum along with being managed from a mobile application can also be mined from a mobile application. The mobile application for Electroneum also has a built-in wallet in order to store the Electroneum coins which have been mined from the phone of the user. There are various other differences between bitcoin and Electroneum apart from the fact that it is comparatively more user-friendly.

• The maximum number of coins of Electroneum can exist up to is 21 billion. Whereas the maximum limit of bitcoins is 21 million.
• Like the Monero coin, the Electroneum has also provided the features of privacy to ensure the security of the users.
• The sender and receiver involved in the bitcoin transactions can be seen by everyone. The bitcoin transactions can even be traced back to the origin. In the case of the Electroneum, all the transactions are completely untraceable and private.
• Electroneum has everything which bitcoin lacks. This includes a mobile application, built in wallet and a mobile owner. However, speeding up the micro-transactions such as buying mobile games, sending funds to friends and family and making payments for applications has been the primary focus.

Different ways of getting the Electroneum coins (ETN)

• The user can mine the Electroneum coins on their mobile phones. The user just has to install the mobile application, create an account and begin the mining process.
• A referral program has been developed by the Electroneum team which allows the user to earn extra bonus ETN by referring family and friends. This has been done to encourage the mass adoption of the currency.
• The users can also buy the Electroneum coins through an exchange if they have some extra money to spare.
• The user can also use their computers for mining ETN coins. To pass the transactions legitimately and keep the blockchain flowing it is essential that the mining is also done through computers.
• The ETN coins can also be obtained by selling something for the ETN coins.
• The users can also earn extra ETN by profit-sharing the coins. This method is not very popular because it does not earn the user a lot of coins.
• The users who own a business can also accept ETN coins in exchange for their products and services.

The pros of Electroneum

• Since the user can mine the coins from a mobile application makes it comparatively easy to access.
• The users can make the payments instantly. The true value of the cryptocurrencies will be realized when they reach the ability to be used as the currencies for every day.
• The Electroneum coins are KYC compliant which makes it a legitimate option of payment in the eyes of the government.

The cons of Electroneum

• The level of performance of Electroneum has changed continuously and the investors who consider the past performance before investing and as a measure of the success of the cryptocurrency might not be interested in investing in the Electroneum.
• Electroneum has faced technical issues since March 2018 in providing a mobile application which is user-friendly.
• Electroneum is still not listed on various major crypto-exchanges such as Poloniex, Bittrex, and Binance. It can pose a serious issue for some investors because they regard it either as a lack of credibility and liquidity.

The future of Electroneum

It is expected to appeal to both non-technical and technical application users due to the ease of use and the privacy of the users. Based on various factors such as technology, market trends and current performance, the price of Electroneum can be expected to be around 0.74 dollars in December 2019. However, if the past performance of Electroneum and the unregulated nature of the cryptocurrencies, in general, is considered, it is difficult and unfair to predict the exact price of Electroneum in the future.

Electroneum: everything you need to know

The introduction of Electroneum

The Electroneum is an all-new British cryptocurrency founded by Richard Ells and was launched on 14th September. It is incredibly simple to mine and manages it on mobile applications. And hence it is capable of easily becoming the new and secure method of making the transactions from the mobile phone of the user. It can be further used for buying mobile games, sending and receiving money from friends and family and the user can also use it to bet on the live sports. This unique feature sets it apart from the other major cryptocurrencies in the market which are almost next to impossible to buy and spend. The main aim behind developing such a cryptocurrency is to make it simple for mobile users to acquire Electroneum.

Electroneum has everything which the bitcoin lacks. This includes a mobile application, built in wallet and a mobile owner. However speeding up the micro-transactions such as buying mobile games, sending funds to friends and family and making payments for applications has been the primary focus.

The users can make the payments instantly. The true value of the cryptocurrencies will be realized when they reach the ability to be used as the currencies for every day. The level of performance of Electroneum has changed continuously and the investors who consider the past performance before investing and as a measure of the success of the cryptocurrency might not be interesting in investing in the Electroneum.

Electroneum is still not listed on various major crypto-exchanges such as Poloniex, Bittrex, and Binance. It can pose a serious issue for some investors because they regard it either as a lack of credibility and liquidity.

It is expected to appeal to both non-technical and technical application users due to the ease of use and the privacy of the users. However, if the past performance of Electroneum and the unregulated nature of the cryptocurrencies, in general, is considered, it is difficult and unfair to predict the exact price of Electroneum in the future.