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What is Electroneum coin (ETN) and how does it work?

by Financial Economy

Electroneum was founded in 2015 by its CEO, Richard Ells. As a result of two years of work, in July 2017 Electroneum Ltd. was established. The aforementioned project uses the power of Blockchain to unlock the global digital economy for people in developing countries. Detailed information about what is Electroneum coin ETN how does it work, how much it costs, how to buy, etc. is in the continuation of the content. You can browse here for information about Band Protocol coin (BAND).

What is Electroneum coin (ETN) and how does it work?

ETN is a cryptocurrency that, when launched, develops its own blockchain with the intention of gaining mass adoption by targeting smartphone users. This application, which any smartphone owner can easily use.  The team behind Elecroneum aims to make blockchain and cryptocurrencies easily accessible to ordinary mobile users and foster rapid growth for their active use. According to the company’s statements, ETN is not affected by 51% attacks. Hence, this makes ETN one of the most trusted blockchains in the world.

The Electroneum network is the only worldwide cryptocurrency managed by Non-Governmental Organizations (NGOs). In addition, despite the statements made by Electroneum and the thousands of transactions taking place on the platform, the amount of energy consumed by the platform is only one light bulb per day. Therefore, this feature of the ETN Blockchain is an important and positive factor for both users and the world economy.

How to buy Electroneum coins? How much is ETN coin price?

Electroneum coin can be purchased from the listed cryptocurrency exchanges. But it is necessary to make sure that the exchange used is “reliable”. As of September 6, 2021, the price of 1 ETN coin is around $0.015.

Caution: The information contained in this content is for informational purposes only. It is not investment advice.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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