Review on Electroneum by Özgün A
Simple but unsafe
Electroneum is a project created with blockchain technology.
I met Electroneum with mobile mining that I saw on youtube. I did not look very favorably at Electroneum because they asked for identity confirmation.
Electroneum is listed on major exchanges such as Binance Kucoin. You can download the Electroneum application and use it on your phone. It is an award-winning application.
The worst part of Electroneum is that it almost requires you to verify your identity. If you do not confirm your identity, you cannot benefit from many transactions.
Electroneum's local token is ETN. Local token mining can be done with the Electroneum application, but it is very difficult for the CPU of mobile phones. The mobile phone becomes very hot after a while. Commission payments can be made with ETN.
Electroneum aims to integrate with many systems, but its popularity is still low. They have been under development for about three years and still have many shortcomings.
Electroneum is in contact with many non-governmental organizations. It supports many civil society projects.
I find Electroneum's security procedures inadequate. Do not store large amounts of cryptocurrencies in the Electroneum wallet. The project is still under development for a long time and the shortcomings of the project must be corrected without losing the trust of its users.
Pros
- Transfer transactions via mobile wallet are very easy
- Mobile mining can be done
Cons
- The security level is low
- Requirement of identity verification to fully use the system
- Still under development, some issues should be clarified
