Electroneum Coin

Electroneum Coin Review

When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This is a review of Electroneum Coin.

What Is Electroneum?

Electroneum is a cryptocurrency that claims to be the “world’s first widespread cryptocurrency”. With this, the team behind Electroneum means that they provide a digitalized payment solution to the developing world. The currency is built with one of the objectives being capturing mobile gaming and online gambling markets. The design focuses on mobile-friendliness, fast transactions, and simple micropayments.

Electroneum’s ICO began on 14 September 2017 and ended on 20 October 2017. It managed to raise approximately USD 40 million during that period.

Electroneum claims to be an enormous leap forward over its cryptocurrency competitors. The reasons for saying that is because its ambitions to reach extensive common usage and its groundbreaking ease-of-use for the normal mobile user.

What Makes Electroneum Different?

The coin has a maximum complete supply of 21 billion. This means that transactions have only two decimal places and thus has the “real money feel” that Bitcoin lacks due to its 8 decimal places. Electroneum, on the other hand, plans to offer an amicable, comprehensible transaction amount by having a total supply that’s considerably higher than Bitcoin’s.

Electroneum wallets intend to be simply manageable on any Smartphone. Furthermore, an exclusive mobile miner running as a background activity on your device can generate the coin. The currency allows fast micro-transactions, and Electroneum can simply be transferred between different games, apps, and users.

Additionally, Electroneum depends upon its own purpose-built blockchain. Unlike numerous other cryptocurrencies, based on existing blockchains like Ethereum’s, Electroneum’s blockchain is based on the original Bitcoin source code.

The company has also been developing the blockchain and the cryptocurrency since 2016.

Team

Electroneum’s whitepaper describes the team as a skilled team of software developers. Richard Ellis is leading the team. He has 20+ years of experience running a digital agency called SiteWizard. In 2013, Ellis founded Retortal. As CEO of Retortal, Ellis offers social media marketing to different companies including Fortune 500 companies like Herbalife and Avon. Retortal is valued at over $50 million USD, and hundreds of thousands of people are using it daily. Will Electroneum be equally successful? Maybe, maybe not.

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