Review on Electroneum by Fanuel PORPORTY
Electroneum: a cryptocurrency accessible to everyone via smartphone
Electroneum is a virtual currency that uses its own blockchain derived from that of Bitcoin. It claims to be a mobile cryptocurrency. It is the very first British digital currency. Electroneum has thus developed an application which offers a wallet but also mining functions from a smartphone. Note that the network still allows traditional mining on a computer.
The project aims to allow anyone to take advantage of cryptographic currencies without having the necessary technical background. Thanks to the mobile platform, mining and exchange of tokens are accessible to all the 2 billion smartphone users worldwide. The developers of Electroneum want cryptocurrencies to be widely adopted by the general public.
Pros
- users get incentive to use ETNs through smartphone mining
- ease of use. The application is available in a multitude of languages and is very intuitive
Cons
- Electroneum is of course similar to the digital currency Monero (XMR) since ETN used the source code of Monero. However, their goals differ because ETN does not use its anonymity or privacy features as a marketing argument.
