It is a digital currency that operates on its own blockchain, It bills itself as a mobile cryptocurrency. It is the first digital money in the UK. As a result, Electroneum has created an app that not only serves as a wallet but also performs mining operations from a smartphone. It should be noted that conventional mining on a PC is still permitted on the network.
In addition to bringing enhancements to the market, including its interfaces and giving the firm a new level of competitiveness amongst the many existing projects, this project encourages its users to continue providing proposals for projects to the next level.
The initiative seeks to enable everyone without the requisite technical expertise to use the cryptographic currency. The 2 billion smartphone users globally may access mining and token trading using the mobile platform. The Electroneum creators want the entire people to take over cryptocurrency.
Unlike many other cryptocurrencies based on Ethereum blockchain technology, the coins rely on their own purpose-built blockchain. The Electroneum is the original source code of Bitcoin. Many work items and platforms have been announced by the developers involved with this project.