First British Cryptocurrency, Electroneum – Offers Mobile Mining
What is Electroneum?
Electroneum is among the few cryptocurrencies that are designed to be used as actual currency. Electroneum is developed primarily to dominate in mobile gaming, mobile applications, and online gambling platforms. The first mobile application released to manage the currency has wallet management features and currency-mining functionality, impressive!
Electroneum Easily Accessible
The potential of cryptocurrencies is great and the world is now unlocking the unimaginable. Today, cryptocurrencies are considered as one of the safest and most lucrative ventures to earn money (sometimes double the initial investment) after investing a little. Bitcoin lost a little value when a few other digital coins hit the online market, but since has regained its lost value and more. One thing that remains persistent in this arena is that finding, buying, trading, and using these currency options are a nightmare. This is what Electroneum capitalized on as it pitched its infrastructure to potential investors and customers.
What Makes Electroneum Unique?
What makes Electroneum so unique is that it is built upon a newly-developed and unique blockchain. A blockchain can be defined as the foundation or the core infrastructure over which the cryptocurrency is built. Electroneum’s blockchain is a reckoning to a change in pace in this field.
Electroneum User Friendly
Electroneum has an increased adaptability as compared to bitcoin. This is because the algorithm behind the mining process will be functional till 21 billion units of the currency are mined. Keep in mind that bitcoin mining will no longer be fruitful once 21 million bitcoins have been mined. Moreover, instead of a division of a single bitcoin by 1000 (milli-bitcoin), an Electroneum coin can be divided into 100 divisions. Both of these core properties allow Electroneum to behave much more like an actual currency.
Richard Ells, experienced tech entrepreneur and founder of Electroneum, explained the advantage of this infrastructure by describing a scenario of using bitcoin. He explained how hard it is to even find a bitcoin available for trade. Buying a pizza costs a scalable amount of money, we can understand $6-20 for a pizza. But in bitcoins, it only costs 0.005 BTC, which makes it almost in-comprehensive.
Mine Through Smartphone
What’s more is that Electroneum is designed to be very user-friendly and easily minable through just a mobile application. Easy management will allow Electroneum coin holders to use the currency as an instant and secure payment option which can be made by just a single click on the app.
Currency speculators are also very excited to invest in Electroneum. Cryptocurrencies are considered to be volatile entities but they produce great returns for the investors. Reports show that the average return on investment of 100 new coins launched in the first half of 2016 was 357%. The representatives ensure potential investors that the development team behind Electroneum is a group of single-minded British developers. This makes the currency immune from internal wrangling and volatility that destroyed many cryptocurrencies in the past. Electroneum has already seen a very warm and excited welcome from potential investors. This is due to its technological and infrastructural uniqueness against other cryptocurrencies. In addition, the token sale has closed early, reaching the $40 million hardcap set by the company.