Electroneum is set out to be a mass adopted long-term cryptocurrency and most definitely is advanced enough to maintain a consolidated position in the market. On 6th of March 2018, Electroneum released a new app which enables users of smartphones to mine cryptocurrencies on their phones or tablets. This new service has the capability to bring an exponential surge in prices of cryptocurrencies. Hence this app is estimated to be downloaded by several enthusiasts in the cryptoverse.
The process has been simplified so that new miners, who are not essentially cryptoenthusiasts, can also be tempted to use the app. This would bring help Electroneum garner mainstream momentum. Electroneum is the first cryptocurrency that allows users to mine coins with a mobile phone. The process is simple as all you have to do is download the app. No other cryptocurrency has a mining system that allows users to mine coins with so much convenience. This is a very crucial step as cryptocurrencies can become a household trend only if their usages become easy and convenient for the common man.
With the increase in the emergence of crypto exchanges like these, experts believe that a 1 dollar price is projected to be a reality soon. Very little electricity and only a small amount of data are needed to allow any owner of a specific smartphone like an android phone to make some money mining. As more and more people are turning to the use of smartphones, growth in the popularity of ETN seems an inevitable phenomenon. The CEO of ETN, Richard Ells has reassured that the use of this app will not make the phones heat up, use a lot of battery or get worn out and slow down.
Data will be used only to communicate with the server for transactions. The CEO has also stated that the use of data will be so slow that smartphone users in the third world will also be able to benefit from the app in large numbers. The ETN team has designed an algorithm that assigns a user’s phone a mining rate based on available CPU power. Hence although the app will mine coins based on the CPU capacity of your phone, it will actually not require any CPU power.
While ETN is consistently in the top 50 market capitalization as of late, it seems inevitable that the cryptocurrency is headed for even more progress in the near future. 0.07 cents is deemed to be only a temporary sale. ETN is not even available on major changes like Binance. If the mobile mining app becomes a success, then ETN will be finding its way on such changes.
Electroneum websites say that they are currently in negotiation with some big global conglomerates that are very interested in adding Electroneum digital payments as means of payment for their services. Electroneum has more than a million agents in developing nations who sell or trade data to consumers. With the increasing acceptance of Electroneum as a regular means of payment, the crypto will no longer just remain confined to tech-savvy enthusiasts but will trickle down to mass use amongst common people as well.
Electroneum has announced that their iPhone iOS version has been programmed and is fully functional but it has not been given the nod of approval by Apple. Apple will most likely approve of it once the app consolidates its base among android users.
Electroneum rise to top 50 market cap
Electroneum combines blockchain and cryptocurrency with the ubiquity of mobile phone users. Designed to be used by the masses, a lot of the major deals made by the ETN team are with mobile providers. With over 120,000 contributors, Electroneum ICO closed two weeks early due to reaching 40 million dollars hard cap much faster than was expected. This is most certainly one of the most successful crowdfunding events witnessed in the cryptocurrency community. ETN’s app for crypto mining makes it possible for the users of the particular cryptocurrency to mine coins without having to resort to the need for expensive and complex hardware. Due to the everyday advancement of technology, what once was possible on computers is now possible on smartphones. Electroneum has emerged as one of the leading cryptocurrencies in terms of technological breakthrough.
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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 and read our full disclaimer.
Image courtesy of steve via Flickr
Here’s Why This Coin Still Has Wings (WINGS)
WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.
Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.
What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.
The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…
6 Blockchain Predictions For 2019
As 2018 moves closer towards its end, investors, developers, and tech enthusiasts are starting to turn their gaze towards the future. 2019 is less than two months away, and it promises new breakthroughs and large changes. This is especially true when it comes to blockchain technology.
While 2018 was an important year for this technology’s development, many are wondering what awaits us in the near future. Because of this, we have created a list of 6 predictions regarding the blockchain, as well as what might happen to it in 2019. Let’s begin.
1. Search for new and better business use cases
Blockchain technology is wrongly seen by many as a magical way to resolve all issues that we struggle with today. However, while it is true that blockchain can help with a lot of them, there are still numerous other problems that are better suited to be solved by alternative technologies. Robotics, AI, and similar technologies are not to be discarded in blind faith in the blockchain.
Researchers and developers have recognized this, which is why 2019 will be dedicated to finding specific use cases for blockchain technology. Blockchain will be used in situations where it can have the strongest positive impact. In other words, the goal is not to find places where this tech can fit, but to find places where it is the best fit.
2. Fixing blockchain industry’s image
For a lot of people, blockchain…
TRON DEX Goes Crazy, TRX Founder Asks For More Projects
Less than a week ago, TRON (TRX) community uncovered a new DEX (decentralized exchange) on Tronscan.org. Since TRON community is among the strongest and most supportive communities to ever support a coin, trading activity on this DEX quickly skyrocketed.
So much so, in fact, that TRON’s founder, Justin Sun, felt that he should share this fact on his Twitter account.
— Justin Sun (@justinsuntron) November 13, 2018
TRON DEX sees massive growth in activity
Since Sun shares a lot of traits with TRX community, such as tirelessness and fascination with this project, he was quick to urge the community to come up with additional tokens and projects.
While Sun’s statement that the activity on the DEX is “going crazy” is pretty accurate, many do not realize just how accurate this is. It should be pointed out that the number of tokens on the exchange was 3 on November 10th, when the DEX was originally uncovered. Today, on November 13th, the number of available tokens has doubled.
In addition, 4 out of 6 trading pairs offered on the exchange have experienced significant gains, with the remaining two experiencing only slight drops. The growth was experienced by Dice/TRX (146%), TronWatchMarket/TRX (8.27%), WIN/TRX (89%), and SEED/TRX (1.73%). The drop was experienced…
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