Whether you do business online, or you just like to gamble on the world wide web you are well aware of the fact that the currency situation can at times be a little bit complicated in no small part due to the fact that the internet connects people from all around the world.
But while we can now play blackjack or make microtransactions with a person from Turkey we may not share a currency which can make doing business a little challenging.
Digital currency has become the answer to that problem. The most prominent example of this would be Bitcoin (everyone and their grandmother has heard of Bitcoin). Today however, we will be taking an in-depth look at a relatively new cryptocurrency to see if it is right for you. Read on for a review of Electroneum!
How Electroneum Works
How it will work would perhaps be a better way to put it.
This program is very, very new (with coins having only just gone on sale this past September) but the intention is that the program be powered via Smartphone technology that allows users to easily manage their currency from their mobile wallets, and mine for coins using powerful app technology.
The IOS application is set for a Halloween release, and that being the case, it is impossible to identify exactly how it will work at this point in time.
However, what we are seeing so far does look promising.
The intention of this currency, and the app and wallet technology that supports it seems to be to create a user experience that is as simple as possible—a nice effort, especially for the fact that ease of use is precisely why many people get into the world of digital currency in the first place.
As of right now, Electroneum currency has only just gone up for sale, with cons being purchasable at a rate of 100 per $1.
However, in order to ensure that they have a strong launch with lots of participation, there have been sales in which you can get 150 coins for a dollar, making this a good opportunity to make an experimental investment should you encounter another sale.
What Makes this Site Different Than the Rest?
Good question.
Like I said there are plenty of options now when it comes to choosing an online currency.
With such a large selection pool out there, it very well makes one feel no need to experiment with a new service.
And to be fair, you might not need to, but Electroenum does, in fact, distinguish itself from competition through a few ways that might be attractive to people on the lookout for a new digital currency provider.
Let’s succinctly go over a few of the ways in which this service distinguishes itself from the rest of what is out there.
- More Understandable: When you make a transaction with say, Bitcoin, you may find that the amount in question is a peculiar decimal like .000016078. Numbers like that make working with Bitcoin a little bit challenging to understand (as it might be challenging to associate an actual monetary value with the above stated amount) but Electroneum improves upon this peculiarity by ensurignt hat their conversion rates are more relatable to currency as we encounter it on a daily basis.
This is a relatively small touch in the grand scheme of things, but it also makes the service more user friendly.
- Phone Wallet: It is easy to manage your Electroneum money on your smartphone or tablet, which is another great feature for, well, everyone. Smart phone support has become something of a staple for most products so it is especially nice to see that you are getting it with this one.
Due to the ease with which you will be able to use this program on your phone, it is a great option for making small transactions on applications and games of all sort. In other words, you are getting a very streamlined and user-friendly experience.
You will even be able to run a coin miner as a background application on your phone.
- Unique Purpose Built Block Chain: Finally, unlike many of its competitors, Electroneum utilizes a unique block chain that is exclusive to their network. The result is enhanced security of their ledge. Since their information is being protected via a service that has been crafted exclusively for them, information such as transaction history is going to be well protected as a result.
Ordinarily:
Ordinarily this is the portion of my reviews in which I would examine the pros and the cons of a product or service.
Unfortunately, given how new and developing this program currently is, it would be difficult to do that.
Here is what I will say—the things that I have listed above are certainly pros if they work the way that they have been advertised to work.
Naturally, we won’t know for sure until several months from now.
In that time, there are sure to be some cons that reveal themselves as well and just like all new programs, there is plenty of uncertainty that is attached to doing business with Electroneum
But I will say this: this currency looks like it is off to a good start.
Of course, if you would prefer not to get involved with the program until it has had its bugs worked out, that is entirely understandable.
Personally though, after being burned by UTokens, I’m going to have to sit this one out and wait until everything has left the launch pad before giving away any money.
Conclusion
While it may be too soon to make a definitive judgment on Electroneum, I think it would be fair to say that it looks good so far.
I am personally of the onion that the slew of features that they are able to boast make them an excellent alternative to some of the other prominent cryptocurrencies that are currently out there.
While you probably don’t want to go all in on a product that has yet to be time tested, I am still certainly of the mind that it is an excellent opportunity for anyone that is involved in online investing or business to experiment with.
If you’re looking to stray away from the gambling, you’re better off building an online business rather than rolling the dice with the latest and greatest digital currency.
So what do you think?
Is Electroneum going to be a hit or a just another big miss?
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