Connect with us

Blogs

Bringing Crypto to the Masses with Electroneum (ETN)

Published

on

Electroneum
READ LATER - DOWNLOAD THIS POST AS PDF

Electroneum aims to propel cryptocurrencies to the next level by making them more easily accessible to the masses. The purchase and use of digital currencies are largely shrouded in mystery and this platform proposes a novel way to demystify the industry. It has ease of access and user-friendliness as its core values while still offering privacy to its users.

This Monero offshoot offers maximum anonymity for its users just like its predecessor, using one-time public keys known as stealth addresses. Its blockchain does not keep a public record of transactions, concealing both the identity of the sender and recipient and the amount transacted. The project got off to a great start in 2017 when the ICO maxed out at $40 million before the proposed duration.

Electroneum Mobile Device App

Electroneum employs the use of a mobile device app as one of the key ways to offer increased accessibility to its users. The app has an intuitive user interface that offers access to users’ digital wallets and allows for transactions on the go. It also has an incentivization model whereby users who contribute to the community in any way get the opportunity to earn free Electroneum tokens (ETN).

Innovative Mining Model

But the greatest highlight of the mobile device app is that it has a mining feature incorporated. This feature makes use of a device CPU to simulate actual mining without draining the battery or overheating. The mining process differs from the standard process since it does not create new blocks. Instead, it is structured like a game to promote the platform and get more people to join it. But just like mining, there is a reward for the endeavor.

In the same vein, Electroneum allows for mining using basic CPUs instead of costly ASICs or GPUs. The algorithm used in the system’s design offers a flexible and simplified approach that allows users to get in on the hype with ease. Setting up is easy since all a miner needs to do is to download the relevant software from the official website and get started without any technical hurdles.

Online Gaming

One of the most popular spheres for cryptocurrency use is in online gaming and Electroneum is looking to shake things up in this industry. Instead of having gamers earn random god coins in their quests, the platform offers the opportunity to make ETN tokens. These can be converted to other digital currencies or even fiat, motivating gamers to play more and earn. The token will also allow for in-game purchases of outfits and weapons and it will even allow players to level up.

The Path to Mass Adoption

Electroneum is striving hard for mass adoption by creating utility for its ETN tokens. To this end, the team behind it has taken steps to secure partnership with telecommunications companies on a global scale. It is the first digital currency to get a GSMA membership and it has signed MOUs with other relevant players within the industry. Such moves will give it the wide accessibility and availability that the platform proposes as a part of its vision.

We will be updating our subscribers as soon as we know more. For the latest on ETN, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of coinmarketcap.com

Continue Reading
2 Comments

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

Continue Reading

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

Continue Reading

Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

Published

on

crypto credit cards
READ LATER - DOWNLOAD THIS POST AS PDF

It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

Continue Reading

Elite