Electroneum

Electroneum is a cryptocurrency built on its own blockchain built on bitcoin. The cryptocurrency claims to be "the first common cryptocurrency in the world."

The currency was built with the specific purpose of capturing the mobile gaming and online gambling market. It is designed with mobile device convenience, fast transactions and thoughtful micropayments.

Overall, the project claims to represent a huge leap forward compared to the cryptocurrency's competitors. It also claims to be a powerful investment opportunity that will almost certainly grow in value. This is because Electroneum is built for widespread use and claims that it offers "ease of use for the average mobile user."

All of this sounds good, but we've seen other cryptocurrencies make similar claims. Let's take a closer look at how Electroneum plans to fulfill these promises.

How does Electroneum differ from hundreds of other cryptocurrencies on the market today? Why should you use Electroneum instead of Bitcoin, Ethereum or any altcoin? Here are some of the unique selling points raised in the electronic project document:

The coin has a maximum total stock of 21 billion," which would mean that transactions have only two decimal places and have "real money" that bitcoin is missing. Do you know how when you send a small amount of bitcoins and it looks like "0.0001264"? Electroneum plans to offer a more accessible, understandable amount of transactions, having a total stock that is significantly higher than bitcoin (bitcoin has an expected total stock of 21 million).

Wallets with electronosis are designed for easy management on any smartphone. Coins can be generated by a unique mobile miner working as a background activity on your device.

The currency provides a fast micro-transaction, and Electroneum is easily transferred between various games, applications and users.

The project relies on its own targeted blocking — unlike many other cryptocurrencies that are based on existing blockchains, such as Ethereum. The electronoid blockchain is based on the bitcoin source code. The company has been developing blockchain and cryptocurrency since 2016.

Electroneum makes numerous mentions that it is a mobile currency. The creators of the project recognize that in most countries of the world there is a mobile phone, and about 2 billion people own a smartphone. The Electroneum is based on using the power of all smartphones to power the network. In addition, users can manage all aspects of Electroneum from their mobile wallet.

As a rule, cryptocurrencies are launched with special equipment — for example, a PC with several GPUs inside. The Electroneum will allow users to mine currency using a mobile application.

The company will begin with the release of its iOS and Android application on October 31, 2017, one day after the completion of the token sale.

Another important feature of the Elecroneum is its accessibility. There are several mentions in the white paper about how the numerous decimal places of bitcoin prevent widespread distribution. Let's be honest: Most bitcoiners are tired of counting the number of 0s when they are asked to pay a commission, such as 0.0000416, or when they see a transaction fee. Electroneum plans to have two digits after the decimal value (it has 21 billion. Amounts of coins compared to 21 million . Bitcoin). This means that you will see the price marked as "21.39 Electroneum" instead of "0.089151 BTC".

The project developers claim that they already have many working products and platforms.

Products that have already been developed, completed and tested include:

• Electronoid circuit

• A wallet-based application that allows someone to access Electroneum with zero technical skills or crypto experience

• An application-based development system that allows non-technical people to easily obtain Electroneum

• An offline wallet is being created, which allows you to create an absolutely secure, non-downloadable offline wallet

• Windows Wallet

• A Windows miner where you can leave your computer to mine more coins at home or in the office

• Mining Pool software (Electroneum runs this software to simplify development, the software is open source and allows users to create their own pools)

• Blockchain explorer (used for payment verification and open source blockchain verification)

• A third-party payment API used to allow third parties to accept Electroneum or pay for an electrical line

The electronic project document sets out long-term goals for the cryptocurrency based on the amount raised.

Electroneum is a cryptocurrency built on the original bitcoin blockchain. The company claims to have already developed a wide range of technical products — including a mining system that can be run from your PC or smartphone to generate currency from unused computing power.

You may want to wait for additional technical information about the project to appear on the Internet or for confirmation that any of the products have already been developed.