Adoption of Electroneum seems very helpful

Electroneum is an emerging project offering accurate services
  • Electroneum is a colossal project offering its users with several real-world applications
  • The project can help unbanked users with cross border trades and other facilities
  • Electroneum’s projects have been integrated with the AnyTask freelance platform helping to earn ETNs for jobs
  • The project has proved that there is a real utility for the cryptocurrency users

Electroneum is a huge, genuine, unique, and award-winning project. The project offers users several real-world applications required for earning in the digital ecosystem. The project’s tech team is focusing on the user interface (UI) and user experience (UX) across the platform. 

On the other hand, AnyTask, along with the project, enables anyone anywhere around the world to remotely work, earn, and spend using smartphones. Significantly, AnyTask helps to improve all products and services.

How will the adoption of Electroneum help?

- Advertisement -

Electroneum is a mobile-first cryptocurrency that is built off the Monero (XMR) codebase and allows for transactions on a decentralized blockchain. ETN is the native token of the project, which has been designed to become the fastest crypto asset in the world. The developer team of the project makes acquiring the ETN token as simple as just downloading an application. According to the team, several in the world are willing to purchase different coins without KYC with websites they know nothing about. On the other hand, such websites also ask to link a bank account and charge shockingly high fees. Following the facts, the team came up with the project to provide the solution for all aforementioned issues.

Currently, in the world, there are more than billions of individuals with no bank, no digital payment method, no Visa, no Mastercard, entirely without any mode of transaction. Electroneum providing revolutionary cross border transfers for just a fraction of a US-centric can help such individuals pay for goods and services, both in-store and online. ETN is the native token of the project, which has been designed to become the fastest crypto asset in the world.

How does the ETN project work?

As the Electroneum is built off the XMR codebase, it has some built-in privacy features. The balance of every Bitcoin wallet address is public and can be searched quickly because few criticize the token. The stealth address of the ETN project helps to solve the problem for which Bitcoin is criticized. Stealth addresses only need a one-time public key, which helps the users to prevent recipient’s funds from being linked with their wallet. Indeed, such a transaction gets audited by a third party to prove the transaction occurred with the sender by sharing their public view key.

Through the wallet’s private key, the recipient can receive funds. Once the transaction gets detected and retrieved by the wallet after scanning the blockchain using the wallet’s private view key, a single-use private-key gets generated. Such a private key corresponds with the sender’s public key. Afterward, the recipient can easily be able to spend their fund using the private key.

Integration of the Electroneum’s projects with AnyTask

AnyTask is a freelance platform where individuals can earn ETN by doing freelancing jobs. The platform doesn’t require any bank account, which makes the platform a unique one. Also, AnyTask doesn’t charge any seller fees. Currently, the platform has grown to become a multi-trillion dollar industry. According to Jonathan Marriot, marketing manager of Electroneum, the integration of their project with AnyTask translates to other applications and several collaboration discussions. 

Indeed, currently, all the project departments are putting together and working tremendously with other crypto and blockchain projects, financial technology (FinTech), and mainstream operations. 

It is proved that there is a real utility for crypto users

Electroneum has proved that there is a need for a real utility for digital asset users. The project is one of the only cryptos that is being used globally to top-up phones. By expanding from South Africa to Brazil, the project has proven that there is a requirement for such services. Indeed, such services are being used on a global scale. However, the project is genuinely helping millions of individuals in several developing regions to live a better life.

Join The Coin Republic’s Telegram Channel for more information related to CRYPTOCURRENCY NEWS and predication.

How useful was this post?

Click on a thumb to rate it!

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?

Download our App for getting faster updates at your fingertips.

Ahtesham Anis
Ahtesham Anis is a Computer Science undergrad student currently based out of India. Coming from the business background and his keen interest in Cryptocurrency and Blockchain technology is what Ahtesham brings to the table. He is always an eager learner when it comes to exploring the new technologies and topics in the crypto world.

Similar Articles



Please enter your comment!
Please enter your name here

We Recommend

Top Rated Trading Platforms

Top Rated Cryptocurrency Exchange