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Electroneum (ETN) is a blockchain-based payments solution that is concentrating on the mobile payments space. Launched in 2017 by Richard Ells, Electroneum targets an often mentioned demographic in the context of cryptocurrencies: the unbanked. The Electreneum team says that they are on a mission to “unlock the global digital economy for millions of people in the developing world.”
Electroneum implements Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) processes, and puts an emphasis on compliance. The blockchain is a soft fork of the Monero blockchain, and had early roots in online gaming and gambling use cases, though it is now strictly focusing on digital payments.
Electroneum also launched an $80 smartphone earlier this year, one that rewards users in cryptocurrency. Furthermore, the Electroneum team has released a mobile mining app that lets smartphone users mine ETN tokens.
2019 has already seen several milestones complete, including the launch of an iOS app, cloud mining for both Android and iOS, successful atomic swaps and a fork to a Proof-of-Responsibility blockchain. The rest of 2019 and 2020 is expected to bring full instant payments, a gig economy website and a vendor directory.
4 Apr 2020 1 minute read 0 comments MrBitcoin
Electroneum cloud mining with smartphone (Go to the website) The ETN Wallet has cloud mining functionality You do not lose battery power Activate the cloud within 7 days. The rest is automatic. You can send and receive ETN Invite your friends wi...
17 Jan 2020 2 minute read 2 comments MadMaxx
Tip this post if you like it! You'd want to get settled down to read this. This isn't your usual 'get free crypto' post, because I'm not including faucets or micro earning sites or any of that sort. In this post, you'll learn exactly how to get free...
9 Nov 2019 6 minute read 17 comments Cryptolohy
Crypto is all about three things. (Mainly) Technology, People and Economic Incentives. Bitcoin succeded because the core technology worked (proof of work) the people happened to be interested, and the Economic incentives were correctly designed (to a...
18 Oct 2019 3 minute read 0 comments CryptoScrimper
As time goes on, I pay more and more attention to the Pi network being developed by two Stanford PhD's and a master's graduate, all of whom have played a vital role in developing Stanford's blockchain culture. Because it's a mobile 'mining' app, and...
28 Sep 2019 1 minute read 2 comments Ulu_Olcayto
Electroneum is a groundbreaking step for billions of phone users worldwide. The platform decided to launch mobile mining for users. Today, cryptocracy is a very difficult process to be performed by most people, especially in developing countries. Be...
26 May 2019 1 minute read 0 comments Electroneum United
How much Electroneum cn you mine using the cloud miner? This question comes about after users used to mine a good amount and don't mine as much anymore. Why the change? Is Electroneum kying to it's users. Find out on this episode of Electroneum Unite...
25 May 2019 1 minute read 1 comment Electroneum United
14 Jul 2021 1 minute read 0 comments Great White Snark
The short answer to this seems to be", "No, use an ASIC or make a loss." However, after doing some research on various Web pages (not cited here, naughty me), the consensus seems to be that ... while there are some cryptocurrencies designed to be AS...
14 Mar 2020 3 minute read 0 comments Alessandro Sciacchitano
Created by by Richard Ells in November 2017, Electroneum is a cryptocurrency which has as its primary objective to be a solution for payments based on mobile devices are run by ETN . As you can read on the home, the ETNs represent a store of value c...
21 Nov 2019 1 minute read 0 comments umtunltrk
ETN for Crypto Money EnthusiastsIf we need to define the Electroneum, we should emphasize that it is a block chain-based payment platform specifically designed for use on mobile devices such as smartphones. Electroneum has some features that are the...
