Electroneum Hidden Crypto Gem [$ETN]

[Crypto Maniac]

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Electroneum Price	$0.02361
Price Change24h	$-0.000972 3.95%
24h Low / 24h High	$0.0217 / $0.0247
Trading Volume24h	$3,472,403.60 44.46%
Volume / Market Cap	0.008308
Market Dominance	0.02%
Market Rank	#231

Electroneum Market Cap

Market Cap	$417,964,497.95 4.14%
Fully Diluted Market Cap	$490,356,762.21 10.71%

What Is Electroneum (ETN)?​

Electroneum is a mobile-phone-based crypto platform that offers an instant payment system. The project was formed in July 2017 and launched in September 2017 as the first U.K.-based cryptocurrency after completing a $40 million ICO.

The focus of the Electroneum project is to provide the quickest and safest crypto transaction with minimal fees for the world’s unbanked population, which accounts for a billion of the world’s population.

Continuing its focus on giving individuals with only access to smartphones a cheap and easy way to spend money all over the world, Electroneum launched its wallet manager in December 2017.

In March 2018, Electroneum launched the first Android mobile “mining” application where people could take advantage of the processors of their device to mine ETN coins. In April of the same year, it secured a patent for instant crypto transactions.

How Is the Electroneum Network Secured?​

Electroneum uses a new, unique algorithm which is called proof-of-responsibility (PoR). The goal of the PoR network is threefold: to provide a safer, more responsible, and greener blockchain.

On PoR, Electroneum now chooses and authenticates its validators, thus preventing a group of miners from controlling more than 50% of the network's mining hash rate or computing power; the 51% attack. Where the attack eventually happens, the blockchain layers are built to respond by identifying the source and shutting down the validator.

The new PoR blockchain also creates a permissioned network where Electroneum chooses miners based on their interest in the sustainability of the project. The 12 validators on the network are NGOs who use their block rewards for charity work.

NOT A FINANCIAL ADVICE.

Risk is your leverage.​