Review on Electroneum by Inioluwa Okedeji
Electroneum: A Cryptocurrency Project That Aims To Help People Thrive In A Fast-Rising Digital Economy.
The first time heard about electroneum was when someone came to my office and was discussing it with my boss. Back then I never really understood what they were saying about electroneum but I was curious to find out what electroneum was all about.
The main aim of electroneum is to empower people by providing them with the right instruments to thrive and make a living from the digital economy.
The project has features like AnyTask, which is a freelancer marketplace that gives people the privilege to be a part of the global digital economy.
ETN is the native currency of the electroneum project. You can send it easily to anywhere in the world at almost no charges on the electroneum app which you can download on Google play store and apple store. Using the app also makes payments for online goods and services easy most especially for individuals with no access to any digital payment method.
For the sake of regulations and protection against fraudulent activities, the electroneum platform features KYC verification which will allow them know more about their users. So even as a registered user, you cannot fully access the electroneum platform and services without the completion of your KYC verification.
In line with the aim of the electroneum project which is helping people partake in the digital economy and enjoy its benefits, the project has affiliations with different NGOs (Non Government Organizations) and are contributing with the ETN block rewards earned to fund these charity organizations.
The one thing I discovered about the electroneum project that amazes me and I still find hard to believe is the security aspect. The electroneum project is said to be the first project to launch a moderated blockchain network that is invulnerable to 51% of cyber attacks and also the first to adopt AML/KYC measures all in a bid to fortify the security of the project.
With the aim of the electroneum project which is simply helping people find their footing in the digital economy, the project is well suited for all and sundry. To be a part of this project, you can register on the official platform website or download the app for convenience sake.
Pros
- The electroneum project is equipped with a security system that is invulnerable to 51% of cyber attacks.
- It contributes the rewards earned from each ETN blocks to NGO organizations.
- ETN can be used to make online payments via the official app.
- There are mining opportunities on the electroneum mobile app.
Cons
- Except for the fact that the project is not that popular, I see no issues with the project.
