Electroneum is a portable crypto technology that offers an instant payment method. After undergoing a $40 m ICO, the initiative was established in July 2017 and introduced in September 2017 as the very first Based in the united kingdom coinage.
With a live market cap of $341,817,309 USD, the current CoinMarketCap ranking is #232. It has a greater share of 21,000,000,000 ETN coins, with 17,898,296,258 ETN coins in circulation.
About Electroneum ETN
The Electroneum project aims to serve the world’s unbanked population, which counts for a million individuals, with the safe and fast crypto transactions with the lowest costs possible.
Electroneum employs a novel, one-of-a-kind algorithm known as proof-of-responsibility (PoR). The PoR network has three goals: to create a safer, more responsible, and environmentally friendly blockchain.
Electroneum, which was initially designed on the Monero codebase, concentrated on the gaming and gambling business when it was launched in 2017. Things quickly changed, and Electroneum shifted its focus to developing a platform for cross-border fast payments.
What is Electroneum ETN?
Electroneum developed the top most Android mobile “mining” software in March 2018, allowing users to earn ETN coins utilizing the phone’s processors. It obtained a patent for rapid crypto payments in April of the same year.
Electroneum’s purpose is to reach out to the millions of people who do not have access to a banking system but do have a smartphone, similar to PayPal but using cryptocurrencies.
Who Are the Founders of Electroneum ETN?
Richard Ells is the genius behind the Electroneum initiative. Richard Ells worked as an entrepreneur marketer before deciding to pursue his dream of becoming a programmer.
Although the site is open to freelancers from all around the world, it focuses on the unbanked in developing countries, as with Electroneum’s other businesses.
What Makes Electroneum ETN Unique?
While Electroneum’s fundamental goal is similar to that of many other cryptocurrency initiatives, it approaches it in a unique way. Electroneum has mostly concentrated on making cryptos more accessible through cellphones.
Even for miners, Electroneum gives a new approach than other digital currencies. When Electroneum unveiled the first “mining” plugin in March 2018, it has effectively reduced the demand for pricey, discrete, power-hungry bitcoin miners.
Where Can You Buy Electroneum ETN?
Electroneum (ETN) is a prominent cryptocurrency utilised by online exchanges that specialise in supplying mobile services. The following are the top exchanges where you may trade Electroneum right now:Huobi Global, KuCoin, BiKi, BiONE, HitBTC, Sistemkoin, and
Frequently Asked Questions About Electroneum ETN
How Many Electroneum ETN Coins Are In Circulation Currently?
The corporation has set a cap on the maximum and floating production of Electroneum, which will never surpass 21,000,000,000 coins. Currently, there are 10,229,924,760 ETN coins in circulation, accounting for 49% of all ETN coins ever produced.
What Security Measures Does the Electroneum ETN Take?
The new PoR blockchain also establishes a permissioned network, with Electroneum selecting miners based on their commitment to the project’s long-term viability. The network’s 12 validators are non-profit organisations that use their block rewards to help others.
On What Factors Does The Price Of The Electroneum ETN Depend?
Exchange inflows and outflows, paramount and technical differences, the news cycle, and the overall economic climate are all interlinked variables that impact ETN’s price and market cap.
After the sheer appraisal in the field of trading which is around 100% in just a matter of a certain countable transitional month, cryptocurrencies have suffered an intense depreciation due to their uncertain market nature.
Therefore, it’s wide enough to quote that Electroneum ETN tokens have been upgraded to a new all-time high translation volume of almost $0.020 U.S Dollars per token.]
The increased value of ETN is sufficient enough to prove its worth in the eyes of stakeholders and future investors. In addition to that, Electroneum ETN with every bit of share permitted to users gives another opportunity of trading.
Electroneum ETN Official Website –http://electroneum.com/
Electroneum ETN Twitter –https://twitter.com/electroneum
Electroneum ETN Reddit –https://reddit.com/r/Electroneum