Electronium cryptocurrency is a new digital project focused on providing ease of use of crypto technologies and increasing their availability for the general user. Mainly, the creators of this coin are counting on attracting users who prefer to use mobile devices, so they focused on the creation of advanced mobile applications.
Benefits
The Electronium cryptocurrency has a number of clear advantages that distinguish it from other similar digital assets built on the basis of crypto technologies:
ü the crypto coin received its own unique blockchain based on the source code of the bitcoin blockchain. Thus, the crypto platform received all the advantages of BTC and lost the disadvantages inherent in the largest and most expensive cryptocurrency;
- ü microtransactions are simply carried out between different games and applications;
- ü the value of the currency is displayed with a decimal point, which makes this crypto coin more like fiat money;
- ü with the help of special mobile applications, users can easily manage their digital wallets;
Disadvantages
The disadvantages of this coin include the following factors:
- the relative youth of the coin, which negatively affects the growth rate of the user audience due to the low level of trust in the coin;
- there is no reliable information regarding the perfection of the technical part of the project;
- low cost of the currency, limiting its popularization among miners.
Electroneum’s 2024 Outlook
Due to the sheer uncommonness of this project, it is worth taking a closer look at what are the prospects for the Electronium cryptocurrency in 2024. When studying this aspect, it should be noted that in the fall of 2017 an ICo was held, which allowed the creators of this platform to collect 40 million dollars, which should be enough to implement most of the ideas and technical solutions within the Electronium project.
Taking into account the factors sounded, according to analysts and observers of the crypto market, Electroneum coin has all the prospects for further successful development.
It should be noted that thanks to the use of a decentralized blockchain network, a high level of reliability and security of stored digital assets and transactions is ensured, which opens up new opportunities for most Internet users, including exchange of 1 btc to etn.
Electroneum wallet
Many users believe that it is possible to store ETN coins in the application itself. But what happens to the money if you lose your smartphone or it gets stolen? It is better to leave the operating amounts that you are using at the moment in the application. It is better to keep the main balance in a separate wallet.
The most reliable storage option is a paper wallet. When creating such a wallet, you receive a paper certificate, which has two important parameters:
- Public key is your email address to which money can be transferred. Providing the public key does not compromise the security of other keys.
- Private key – only the one who owns this key can control the money. In the paper wallet for Electroneum, there are two private keys: one (Private view key) allows only viewing the balance of the wallet, the second (Private spend key) is needed to spend savings.
Moreover, you cannot always depend on a single wallet while trading with virtual currencies. Therefore, you need to exchange them with other currencies. For example, if the rate of bitcoin is expected to decrease, you can convert it into an electroneum. But to do so, you need a platform like Godex that allows you to convert different cryptocurrencies.
So if you do not have Electroneum, you can convert any of your other virtual currencies by going to godex.io. So enjoy trading all you want.
Here is a list of some of the best electroneum wallets that you can use for a better experience.
1. Electroneum Wallet App
This is a mobile wallet and therefore, you can conveniently use it anywhere and anytime. Furthermore, it is quite friendly for users but this extreme user-friendliest mode makes it lacks security. Therefore, you have to get malware protection otherwise, it will cost you heavily.
Another amazing thing about this application is that you can do mining through your mobile phone. It will only use the processing power of mobile. But you need to have a powerful mobile to do so.
2. Web Wallet for Electroneum
Just like the mobile application, there is a web wallet too. It allows you to do trading easily through a big screen. Although mobile wallets are more secure because not many people can have access to it. However, you might question the security of web wallets. But don’t worry, this wallet provides complete security.
You have to do two-factor authentication and also captcha verification in order to access it. And of course, the pin is always required. So there will be 3 locks that will keep your wallet secure and safe.
3. Electroneum paper wallets
And then there are paper wallets. They are quite easy and simple to create but not their security. If you want to set up a highly secure paper wallet, it is a bit difficult thing to do. But if you are aware of the processes and set it up, it will be one of the secure wallets.
In addition to just the creation, you have to make sure that the machine is also safe. If the machine has any sort of malware, it will also pose a risk to the security of your coins.
4. Electroneum CLI wallets
Command-line interface (CLI) wallets for Electroneum are also in use. And just like the mobile application type, CLI also offers a mining option. So you can use the processing power of your device and mine more coins. This wallet allows you to access your account balance and also previous transactions.
The only thing that you should know before is it is a bit time-consuming. It is a CLI and thus, runs in the command line. So it will take some time for you to get used to it. Despite that, it is easy to use and you will earn it in no time.
