Header banner
Revain logoHome Page
Nauman Khawaja photo
1 Level
2 Review
2 Karma

Review on Electroneum by Nauman Khawaja

Revainrating 4 out of 5

Normal people don't care about Block-chain this, Merle tree that. Two decimals…

Normal people don't care about Block-chain this, Merle tree that. Two decimals makes us more usable for minorities, and means less supply at the end of the day. We'll also hit our end-of-mining supply faster. The mining mobile app gives people a real stake in using this monetary system immediately. And I think traditional mining will always be easier/better than people worried people will emulate mobile miners.



Pros
  • Mass adoption will come (increased demand) through the easy to use phone app. Bitcoin is impossible to use for the average person, this is a 1 click install. Letting people earn small amounts of coins through the app also readily incentivizes people to use the system. Less coins than BTC (decreased supply). Even though its billions of coins, the decimal doesn't go out to ridiculous Satoshis, only 2 places (like real money normal people are already used to using). Most popular ICO of all time (by approx. 5x), already a lot of buzz and nothing has even happened yet. Fantastic marketing team, with plenty of budget for real R&D and not just hype announcements. Monero codebase. Vastly superior to Bitcoin. Seriously, Bitcoin is the "shitcoin" in this picture. We get actual privacy, faster transactions, cheaper fees, better scalability. On day 1. Hacker-one vulnerability assessment and penetration test. As a pen-tester myself, this was a very smart decision to delay the project and make sure things were secure. Future mobile app integrations and APIs. As an app developer, I'm always looking for ways to monetize my apps. Developers -will- use this (and they -will- find out, because of the marketing)
Cons
  • locked ICO wallet Controlled by a major company (I guess community will eventually take it over) Company holds pre-mined coins

Similar reviews