Review on Electroneum by Nikolay Sadonin
A mobile phone-based digital payment solution.
Electroneum came into being in order to be a light, safe, and private crypto-currency of broad acceptance. The innovation it includes is the mining of mobile phones, which enables more individuals to mine from their hands. The notion is incredibly tempting and exciting to provide everything from the smartphone. It's been popular and an extremely successful event.
To enable its mobile environment, Electroneum created its own blockchain. In concept it is the same function as Bitcoin and Litecoin as a conventional digital money. It is built on a decentralization concept through blockchain, which forms the foundation of its functioning. A wallet is used to hold ETN coins, where everything takes place, available in the same mobile application. You can trade and pay for goods and services digitally. All happens via a cell phone, even mining.
Electroneum is an intriguing initiative which euphorized the introduction of the project. But in the course of time it has grown increasingly frequent. His approach to mobile mining has moved to "cloud mining." But this really demonstrates that individuals who download the app or buy the Electroneum M1 mobile phone are interested. The "flaming" went away and the initiative was lost in the domain of cryptography.
- Mobile mining helped to spread the word about the initiative to a broad community.
- The system has been well, and mining the cryptocurrency is simple.
- The team is quite reliable and is situated in a place with strong laws.
- The M1 mobile phone has its own product.
- The project developed and hence lost direct revenue.
