Review on Enecuum by Stephen Toluwani
Smartphones can now become Validators on the released Enecuum Mainnet
Enecuum according to its whitepaper, wants to unite all smart phones to the security of its network. They have been able to achieve that after their migration from the Ethereum Blockchain to its own mainnet. With your smart phone, you can validate blocks and secure it's network along with the mining profits you get to keep. I like the simplicity of the mining process, requiring about 25 enecuum tokens to begin and the process doesn't burn up your battery as it works almost completely offline.
My interest in the project was simulated by the tab where I can get to create and issue my own tokens from it's Blockchain with my own parameters, fees, supply etc. This tab is just at the right extremity of the mobile wallet application. You could set up low fees and this makes it preferable to me in creating a token for a small group of people. With the way token creation works on Enecumm, people new can issue their token with little charged as fees for creating it.
The project, though might not seem so for many new timers in crypto, is quite popular. It has a very vibrant community and it's stages of development shows how much care was taken to note when building from the scratch. Three reasons why I recommend the project; 1. Low fees 2. Easy token creation and 3. Smartphone mining model
Pros
- Enecuum uses three algorithms for it's network safety. They include Proof of Authority, Proof of Work, and Proof of Stake
- Through the Proof of Authority, users from all over the world get to stake their token through their smart phone to secure the network and validate blocks plus they get an earning
- Proof of Work Validators are just 2 in number. Which means the carbon footprint of this project is significantly lowered
- The enecuum token is trading on major exchanges like KuCoin
- The platform is also used to issue tokens. The creation of this token is simple to carry out. You just outline the specifications of the token and you issue
- The community of this project is active, always discussing new innovations for the project
Cons
- I don't see any bad side to this project
