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Review on Electroneum by Marlena Kaźmierska
Mobile mining cryptocurrency
The Electroneum is an all-new British cryptocurrency founded by Richard Ells. It was launched on 14th September. It was developed to be used in online markets of gambling and mobile gaming. It is expected to be the most user-friendly cryptocurrencies in the market because it allows the user to mine and wallet management all from a mobile application.
The first British cryptocurrency in the market represents a great change in pace in the market. The blockchain on which it is built is unique and has been specially designed to dominate the market of mobile.
It is incredibly simple to mine and manages it on mobile applications. And hence it is capable of easily becoming the new and secure method of making the transactions from the mobile phone of the user. It can be further used for buying mobile games, sending and receiving money from friends and family and the user can also use it to bet on live sports.
Pros
- The market is massive and is growing continuously. It makes it an attractive option for investment.
- Since the user can mine the coins from a mobile application makes it comparatively easy to access.
Cons
- Electroneum has faced technical issues since March 2018 in providing a mobile application which is user-friendly.
- Electroneum is still not listed on various major crypto-exchanges such as Poloniex, Bittrex, and Binance. It can pose a serious issue for some investors because they regard it either as a lack of credibility and liquidity.
- Team hype this project and deliver nothing
