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What is Electroneum all about
While many cryptocurrency and blockchain platforms have set out to tackle the high potential of the technology, Electoneum wanted to make sure that their product was first user friendly and designed with users in mind.
It is a cryptocurrency designed specifically with mobile users in mind meaning it can be mined on smartphones, it has instant transaction settlements, and already has a rather large user base because of this.
Essentially, seeing the boom of cryptocurrencies but also the high barrier to entry, Electoneum decided to try and offer what Bitcoin can do for an everyday market. From buying and mining, to even sending and receiving Bitcoin, there are many hurdles that Electroneum tackles right away making it a sufficient and viable cryptocurrency on a smart phone for almost any audience.
More so, it is not only about ease of use, it is also made to be quite usable for those who are unbanked and devoid of financial services. Electroneum has a user-friendly, beginner-oriented interface that allows users to seamlessly make ETN transactions, transfer coins between one another, check their balances, and mine coins.
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ETN Questions & Answers
Is Electroneum going to cost more six months from now?
The process of predicting the future over the long term is very challenging, but based on our short term price prediction we expect the value of Electroneum will reach between €0 and €0.00390070 in half a year.
Is Electroneum popular?
28768 people were engaging in an online discussion on Reddit about Electroneum in the last 48 hours. Electroneum's official Twitter profile is followed by 137130 users.
What is the price of Electroneum right now?
Today, the price of Electroneum is at 0.00322025 EUR.
How much did Electroneum cost at its highest?
We saw the highest spike in the price of Electroneum on 2018-01-06, when it was at 0.17 EUR.
Is Electroneum going to cost more in one month time?
In accordance with our short term prediction, we expect, that the price of Electroneum will be anywhere between €0 and €0.00390070 in 1 month.
What price will Electroneum reach in 3 months?
According to our short term prediction we expect the cost of Electroneum will be between €0 and €0.00390070 in 90 days.
How does Elecronium mining work?
The mining of ETN is a simple start and begins with creating an account and installing the app on a phone. The miner runs in the background and consumes little processing power, battery life, or data.
What is Electroneum’s Instant Payments System?
This system helps make the ETn coin more usable as a spendable currency. It means that transactions are instant and there is no need to wait for blockchain confirmations which can slow down the entire process.
What is an enablement currency like Electonium?
Electroneum labels itself as an enablement cryptocurrency. It is easy to use for all users, but especially those who are in need of alternative financial services. This makes it an ideal project for third-world unbanked users.
How can you mine a cryptocurrency on a smartphone?
Traditionally, mining could only be performed on a computer with a lot of processing power. However, in Electroneum’s case, the algorithm allows anyone with a mobile phone to mine effectively in order to make it accessible and help with decentralizing the coin.
10 days Electroneum price forecast
Long term Electroneum price prediction