Electroneum Coin – Everything you need to know about it

Welcome to our Electroneum Coin Review! This coin has created a buzz in the minds of every trader. In general, we are getting so many messages Electroneum coin to review it. Most of the people don’t know that how this currency works? So, For that purpose, we’ve decided to review the coin and tell our readers that it would be a great investment in 2018 or not? What is Electroneum? Electroneum is a cryptocurrency that can be used for a variety of purposes such as trading, sending and receiving payments. It uses a CPU-friendly mining algorithm that means it can be mined easily on browsers, PC, MAC etc. Also, It provides you better security as compared to other coins. They hide your transactions from the public that means no one can see how many electroneum coins you have. In addition, It boasts fast and easy transactions as compared to bitcoin. It’s stock features are normally as same as Monero coin. But, the only thing which makes it different from other coins is that its technology core is better than the blockchain technology. What Makes Electroneum Different? How is Electroneum different from other hundreds of currencies available in the market? What makes it different? Let’s understand this in the following paragraph. The coin has a market cap supply of 21 billion, which means that all the transactions have only 2 decimal places and have a real money feel like bitcoin. You know that when you pay a small bitcoin amount like 0.000123 and Is it possible to pay? But, On the other hand, Electroneum coin gives you an opportunity to send even smaller portions of coins. Electroneum wallets are designed and developed to be easily manageable by the newbie traders. So, you can even manage them on your Android or iOS Phone. Also, the currency allows you to do fast and microtransactions, so that these coins can be transferred easily between the games, apps and users. In addition, Electroneum runs on its own inbuilt blockchain technology, which means that no one can be able to see your transaction history or how many Electroneum coins you have. Who’s Behind the Electroneum? The Electroneum coin is designed and developed by professional marketers and engineers. The team is led by Richard Ellis, who’s a 20-year-old internet marketer. In 2013, he founded a software known as Retortal which provide social media marketing to various companies. Currently, the software is valued at 50 million USD and it is used by thousands of users every day. In August 2015, Ellis decided to use the blockchain open source code to as the basis of the currency. The coin doesn’t even have a name for months, but finally, it was named as Electron. By July, the company officially created this coin and then started promoting their upcoming currency. Here is a fun fact that the name of the coin is derived from “electron” on which all the cryptocurrencies rely. How does it work? Just think about the ways in which you can use a currency like bitcoin. You can mine it but for that purpose, you would need a powerful hardware or PC. Or you can buy this currency from an exchange but for that, you have to provide your bank details or other information to set up an account.  Many people even don’t like to share their details online. Moreover, there are many crypto exchanges which will not allow you to set up an account if you live in a region not accepted by them. For instance, Coinbase doesn’t allow you to create an account, if you reside in the Asian Countries except for Singapore. On the other hand, Electroneum aims to solve these kinds of problems. Electroneum has a mobile app which allows you to send money and even you can mine coins in it. In Simple words, anyone can download the app and can start sending the elctroneum coins and mine them. Electroneum Conclusion That’s it! Electroneum is a coin developed on the basis of blockchain technology. The company claims to have hundreds of products developed, including the mining machine that can mine coins just from your PC or Mobile Phone. I hope this post helped you to get the required information you are looking for. If this helped you, then just share it with your friends, family and relatives. At last, if you have any doubts or questions, then feel free to share those questions with us in the comment section below. Like this: Like Loading... Related