Electroneum is a new cryptocurrency created by Jed McCaleb, a co-founder of the Bitcoin exchange Mt. Gox, who also co-founded Ripple. McCaleb is best known for creating Mt. Gox, the biggest Bitcoin exchange at the time, which was responsible for more than 80 percent of all Bitcoins ever moved.
Electroneum is based on the Ethereum platform and will be used to create a mobile operating system “for everyone”. This blockchain is designed to start with a native token that gives users access to special features like mining, chat and tipping. Users can also earn in-app currency for viewing advertisements or playing games like Candy Crush Saga or Farmville 2.
The creators claim that Electroneum will be able to reach 50 million users in under six months after launch which would make it one of if not the fastest growing mobile crypto-currency in history.
This new coin has already taken over Twitter with tweets such as ”
Electroneum is a new mobile cryptocurrency. It’s mobile because it’s designed to be used on smartphones and tablets. It’s cryptocurrency because it’s based on the blockchain technology for creating digital money. It’s for everyone because it’s free to use and no one gets paid to run Electroneum.
Electroneum’s (ETN) Cryptocurrency:
ETN is a mobile cryptocurrency for everyone. It’s based on the Bitcoin code, but with a few clever adaptations that make it the best cryptocurrency for almost every mobile device out there.
And because it uses the same algorithm as Bitcoin, it is not only secure, but anonymous and untraceable. The process of mining involves solving complex mathematical problems, and this attracts criminals who want to buy ETN with stolen credit cards, or who want to purchase drugs or guns with ETN.
In addition to being secure, anonymous and untraceable, ETN has no fees. All miners get paid by ETN’s creator, John McAfee (a pioneer in cybersecurity).
There are many other benefits to using ETN: no transaction costs and no need for bank accounts. It allows instant payments without waiting for bank transfers or clearing times — plus its speed is similar to PayPal!**
Electroneum, a mobile-based cryptocurrency, announced today that it has successfully passed its Initial Coin Offering (ICO), raising an estimated $30 million in just over one hour. This takes the total number of pre-mined coins to more than 1 billion. The hard cap was set at 25 million coins, and there were a total of 6,250,000 coins available for purchase.
Electroneum intends to create a cryptocurrency which is easy to use on a mobile device and will be mined using the same technology as the Android operating system. The wallet app is said to be compatible with both iOS and Android devices, meaning users can make transactions without changing their phone’s platform.
In addition to this new mobile application, Electroneum offers numerous features through its own apps for desktop computers. These include easy integration into an existing website or blog (similar to WordPress plugins), allowing users to earn interest on their tokens by hosting blogs/news sites, creating interactive tools such as polls and quizzes, and tracking affiliate links.
The company also intends on creating several simple games where players can earn tokens while playing games or completing tasks.
Electroneum plans to launch its first mobile app on May 30th.
Electroneum is a cryptocurrency project. It has its own token, called ETN, which is based on Bitcoin technology but with some specifics: it uses a new algorithm (the “proof-of-work”), it is more energy efficient and more profitable for miners, it stores coins in a new way (an “account system”), and it offers a mobile version of the wallet.
Electroneum aims to make cryptocurrency accessible for everyone. In doing so, it has the potential to be one of the most successful cryptocurrencies of all time.
The project was launched in 2017 by Richard Kastelein and Andrew White, two former employees of MoniSend, an e-mail marketing company that had its own cryptocurrency called Monieshares. The team released their first app product in April 2017. Since then they’ve run many promotions and have several days worth of no ads revenue every month.
Electroneum is a cryptocurrency that is based on the concept of mining. Mining is the process in which a user helps secure the network by verifying transactions and adding them to the blockchain. In return for their work, miners are rewarded with coins. Electroneum uses a hybrid approach to mining, combining CPU mining and GPU mining. This makes it possible for users to mine using their existing hardware, using CPUs and GPUs from their computers.
The Electroneum platform is designed to be one of the easiest ways to get involved in crypto currency markets. When using Electroneum you can buy and sell your coins directly from your mobile phone or browser without having to leave the app or website.
Electroneum also has its own mobile wallet app that allows you to take care of your funds as well as receive tips and pay people peer-to-peer through your mobile number or email address.
A cryptocurrency is a digital or virtual currency designed to work as a medium of exchange. It uses cryptography for security and anonymity and is decentralized, meaning that it is not issued by any central authority. Bitcoin was the first well-known cryptocurrency, but there has been much talk of many others since then.
There are several different types of cryptocurrencies:
Bitcoin: first use of SHA3 hashing algorithm, first use of proof-of-work (PoW), discrete logarithm problem (DLP) algorithm, first use of proof-of-stake (PoS) and the first use of a system called delegated proof-of-stake (DPoS).
Namecoin: Uses SHA3 with DLP for encryption and PoS for voting.
Ethereum: Uses Turing complete scripting language to create smart contracts, DLP for encryption and PoS for voting.
Litecoin: Uses SHA3 with PoW for encryption, PoS for voting and DLP for encryption.
Ripple: Uses SHA3 with PoW and DLP for encryption.
Dash: Uses the same algorithm as bitcoin but adds masternodes which allow transactions to be confirmed without mining. Dash also includes an anonymous premine in its early days which allowed people to