Newer users don’t always want to, or simply can’t verify their identity by sending sensitive documents to strangers or companies online. This means that many people who want to get into crypto are put off by the various steps the process might involve. Today, it can be quite difficult to get hold of some cryptocurrencies. The idea is that getting into cryptocurrency should be as simple as downloading an application to your computer or phone. What Makes Electroneum Special?Įlectroneum differs from Monero because the team behind it have tried to make it as easy to use as possible. This means that both currencies can be considered fungible. Thanks to their privacy features, it’s impossible to tell where Electroneum or Monero has come from. Even though you didn’t commit a crime, the Bitcoin can be considered “ tainted” because of its past. Even if you received it for something as innocent as selling something on OpenBazaar, when you try to spend the Bitcoin elsewhere, the receiver could decide to reject it. This is a bad quality for money to have.įor example, you might receive a Bitcoin that someone once used to buy drugs or indecent material. This means that a user can tell if a Bitcoin was involved in a crime. It’s possible to track Bitcoin transactions between users. This gives both Electroneum and Monero a quality that Bitcoin doesn’t have – fungibility. Balances are impossible to look up, and no one can tell which wallet a transaction has come from. Like Monero, privacy is a very important part of the Electroneum project. All you need is an internet connection and a wallet address. The best ( and possibly world-changing) part about digital currencies like Electroneum, Monero, and particularly Bitcoin is that no one needs to give you permission to use them. It is used to make payments from one person to another. Electroneum is a cryptocurrency that is based on another digital coin called Monero ( XMR). What Do You Need to Start Electroneum Mining?īefore going into Electroneum mining, let's start with the basics. Mining as Part of an Electroneum Mining Pool Electroneum Mining Rewards and Difficulty Simply choose a reliable cryptocurrency exchange and buy it instantly - Binance, Coinbase, and Kraken are three highly-recommended options. This is because Electroneum is one of the easiest digital currencies to mine.īy the end of the guide, you should know: what Electroneum is, how to get started with Electroneum mining on both a regular computer and a mobile phone, and if it’s going to be profitable to try it for yourself.īefore we get down to business, though, you should know that there are so much easier ways to obtain Electroneum cryptocurrency. This guide will serve as your entry into Electroneum mining, and probably cryptocurrency mining, in general. Both mobile phone and computer users can set up the software needed to mine Electroneum with just a few clicks.Īlthough it’s very easy to get started mining Electroneum, and users don’t need special hardware, it can still be a little scary – particularly if you’re not a technical type of person! That’s why I've created this handy guide to Electroneum mining.ĭuring the guide, we’ll aim to answer the following questions: What is Electroneum? How does Electroneum mining work? What software do I need? How do I get started? How much money can I make being an Electroneum miner? The team behind the project has created very easy-to-use software and made it available on lots of different devices. The idea of Electroneum is to make cryptocurrency available to everyone. It has a market capitalization of around $142 million. Today, it is the 77 th largest digital currency. It was created in 2017, when the team behind it ran an Initial Coin Offering ( ICO) to raise money to pay for the project’s development. Naturally, Electroneum mining topics are new, as well. Electroneum ( ETN) is a bit of a newcomer to the cryptocurrency world.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |