What Is Electroneum.com? (ETN) Complete Guide Review About Electroneum.com

What Is Electroneum.com?

Electroneum.com 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.

Electroneum.com 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.

Electroneum.com Storage Key Points

Features

Trusted Validators

The Electroneum.com blockchain validators include trusted Non-Governmental Organizations (NGOs), whose visions align with the own. The ETN block rewards they earn are helping to fund their charitable initiatives. In the coming months, mining will become available to other organizations worldwide, such as Universities.

Security

Electroneum.com In the fight against fraud, they became the world’s first cryptocurrency project to voluntarily adopt AML/KYC measures, and the first to launch a Moderated Blockchain that makes us insusceptible to 51% attack – the largest threat to cryptocurrencies. ETN is a cryptocurrency that people can not only use to buy everyday essentials items, either in-store or online, but also earn more via the AnyTask Platform. Here are just some of the ways people are using ETN today:

Energy

Did you know, some popular blockchain projects have been reported to consume more energy than all of Switzerland’s residents combined?! Despite processing hundreds of thousands of transactions, the blockchain validators consume equivalent energy to that of just around a dozen light bulbs.

Earn and use ETN to get the greatest rewards

Electroneum.com New merchants and partners are continually joining the ETN-Network enabling ETN users to spend their ETN. Merchants already with ETN Everywhere include mobile airtime and data providers in 160+ countries as well as utility top –ups from a growing number of countries. It also includes local businesses, from which ETN users can purchase products online, and crypto exchanges where they can exchange their ETN for local currency. Check the merchant map and the ETN App for more information. Whatever your business, earn more accepting ETN.

Blockchain

The Electroneum.com blockchain uses a unique algorithm that they termed Proof of Responsibility (PoR). The blockchain has received significant praise from the blockchain space, including the co-inventor of the blockchain, Dr. Scott Stornetta, whose work from 1991 is included in the original Bitcoin whitepaper. He praised Electroneum for the implementation of this moderated blockchain, including its improved security and philanthropic approach to redirecting mining rewards to those who need it the most.

The interview discusses everything from his vision for the future of blockchain to his opinions on the Electroneum project, as well as the approach to educating and enabling people in developing regions to learn new skills and explore new ways to earn.

They are working with regulation

Electroneum.com In 2018 they voluntarily and pro-actively introduced robust KYC and AML compliance procedures ahead of the European 5th Anti-Money Laundering Directive. they ensure all new users are on-boarded rigorously (for their and our protection) and that They operate within international guidelines set out by global trade-bodies and the cryptoasset industry, to ensure that they operate lawfully in all relevant ETN-Network jurisdictions.