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.
|Market Name||Traded On||Average Price||24h Volume|
|ETN/BTC||Quoine Liquid, Kucoin, HitBTC, Coinbene||0.00000182 BTC||$51,366|
|ETN/ETH||Quoine Liquid, Kucoin, HitBTC||0.00004969 ETH||$5,215|
Fundamental Cryptocurrency Data
|Circulating supply||8,950,559,906 ETN|
|Total Supply||21,000,000,000 ETN|
|Trading volume of all markets for this coin||$56,904|
|Electroneum ETN Prices||
0.00 XAU (= 0.00) grams GOLD
0.00 XAG (= 0.00) grams SILVER
|Marketcap|| 16,488 BTC|
1,314.36 kg gold
109,996.25 kg silver