Electroneum is a cryptocurrency which is based on the same working principles of popular cryptocurrencies such as Bitcoin. However what makes Electroneum unique is that it is mobile-friendly cryptocurrency and has been created with smartphones and other mobile devices in mind.
Electroneum understands the huge potential that mobile devices have and as such to help make cryptocurrency go mainstream it has come up with the Electroneum cryptocurrency. Users will be able to mine it, trade with it and send and receive payments just like any other cryptocurrency, however, all these can be done on smartphones, regular computers, and other smart devices.
Electroneum makes this possible because it comes with a CPU friendly algorithm that makes it possible for even low powered CPUs to perform mining and trading of Electroneum.
Electroneum thus aims to empower mobile device to make cryptocurrency globally accessible to all and to achieve this; they have developed a mobile application for it. Anyone who has a smartphone can download Electroneum's mobile application which works as a mining platform, a wallet for storing currency, and a payment platform as well.
Electroneum was formed in the year 2017, and it was developed by Richard Ells and his team of cryptocurrency developers. The main aim for creating the Electroneum cryptocurrency was to make a cryptocurrency which is easy to access and use.
The team was aware that the best way to do it was by bringing cryptocurrency to mobile devices and therefore with mobile devices in mind they created their mobile-friendly cryptocurrency known as Electroneum.
The algorithm that is used in Electroneum is known as the CryptoNote Algorithm which is an open-source algorithm and is utilized by many of the top cryptocurrencies available today.
Within a year, Electroneum has developed several products, and they are the Electroneum blockchain, application-based wallet, an offline wallet, a wallet and a miner for the Windows platform, a mining pool software, a blockchain explorer and a third party payment API for supporting payments through third parties.
Compared to other types of cryptocurrency Electroneum is relatively easy to use and this is because it is highly mobile oriented. If you have registered yourself in Electroneum, you can download Electroneum's mobile application with the same name. After installing the application, you can start using it to mine for the Electroneum cryptocurrency, take care of transactions using the Instant Payment system and also check your coin balance as well.
Also, you can use Electroneum to pay for goods and service, and also get paid in Ethereum as well.
In a world where there are thousands of cryptocurrencies available, Electroneum stands out as one of the unique and feature filled cryptocurrencies out there. Let us discuss the features that make it unique.
The above are some of the standout features of Electroneum and now let us discuss the benefits that Electroneum possesses.
These are two significant benefits of Electroneum, and now let us find out how to buy Electroneum, the price, news surrounding it and its price prediction.
If you are interested in buying Electroneum, then the safest and best way is through an exchange. Since Electroneum is a fairly new cryptocurrency, it has still not gained worldwide popularity, and therefore there are only a handful of exchanges that sell Electroneum.
Some of the most common exchange for buying Electroneum is Cryptopia, KuCoin, CoinBene, OEX, Liquid, and Coinspot. The other way in which you can buy Electroneum is from a person who holds Electroneum and then buying it with cash. The Electroneum bought can then be stored in the Electroneum wallet.
Source: The Merkle - 1 day ago
As is usually the case when a new week of cryptocurrency trading commences, there is some anxiety among traders and enthusiasts. Mondays are usually pretty brutal for Bitcoin and altcoins, although the expected bearish pressure is nowhere in sight just yet. Most top markets are still in the green, and it would appear the Electroneum […]
Source: The Merkle - 3 days ago
When looking at the current cryptocurrency markets and their respective prices, there isn’t too much positive momentum to be noted at this time. The Electroneum price is still firmly in the green across the board, although that will only remain the case as long as Bitcoin holds its own. Some interesting ETN-related developments can have […]
Source: The Merkle - 2 weeks ago
Considering how most cryptocurrencies lost a lot of value over the weekend, most of the altcoins are currently in damage control mode. More specifically, the losses need to be recouped first and foremost. For Electroneum, the weekend pushed the value below $0.01 again, although this latest uptrend seems to ensure that will not be the […]
Source: The Merkle - 2 weeks ago
Another day dawns upon the cryptocurrency industry, yet no one really knows what to expect this time around. The past day and a half have not been overly present for any cryptocurrency, yet it seems a healthy market bounce is in order. If the Electroneum price is any real indication, today may prove to get […]
Source: The Merkle - 3 weeks ago
Under the current market circumstances, no real uptrend can be expected among major cryptocurrencies. As the total market cap continues to decline every single day, it is evident this latest slump may not be overcome that easily. For Electroneum on the other hand, things are not looking all that bad. Its value is in the […]
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