Electroneum (ETN)

What is Electroneum?

The Electroneum cryptocurrency concept is outreach towards less tech savvy people. By creating a mobile phone app for mining and storage of ETN coins, this idea comes alive. Electroneum has its own purpose built blockchain operating with the CryptoNote algorithm also used by Monero and Bytecoin. This algorithm provides it with multi signature capabilities used to obfuscate transactions. The company behind Electroneum states that the only centralized aspect of the cryptocurrency is its mobile mining, designed primarily to yield wide user adoption. Nonetheless, users using the app receive real coins, even though they are not running a proper decentralized PoW miner. The Proof of Work consensus used in Electroneum is egalitarian, thus motivating more users to participate. The two markets Electroneum’s team focus on disrupting are online gaming and gambling.

Electroneum markets

Market Ticker	Traded Against	Traded On	Average Price	24h Volume
ETN/BTC	Bitcoin	Kucoin, Quoine Liquid, HitBTC, Huobi Global, Sistemkoin, TradeOgre, Coinbene	0.00143304 BTC	$541,752
ETN/ETH	Ethereum	Kucoin, HitBTC, Quoine Liquid, Huobi Global	0.00002046 ETH	$71,597
ETN/INR	Indian Rupee	bitbns	0.33400000 INR	$25,695
ETN/USDT	Tether	HitBTC	0.00609340 USDT	$13,922
ETN/EUR	Euro	Quoine Liquid	0.00403000 EUR	$11,933

ETN/BTC

0.00143304 BTC

24h Volume $541,752

Market traded on

Kucoin $342,718

Quoine Liquid $69,622

HitBTC $66,391

Huobi Global $43,197

Sistemkoin $20,959

TradeOgre $10,700

Coinbene $474

ETN/ETH

0.00002046 ETH

24h Volume $71,597

Market traded on

Kucoin $31,696

HitBTC $23,858

Quoine Liquid $8,322

Huobi Global $7,727

ETN/INR

0.33400000 INR

24h Volume $25,695

Market traded on

bitbns $6,754

ETN/USDT

0.00609340 USDT

24h Volume $13,922

Market traded on

HitBTC $13,959

ETN/EUR

€0.00403000 EUR

24h Volume $11,933

Market traded on

Quoine Liquid $11,923

Electroneum statistics