What is Electroneum?
Electroneum is a complementary currency that has been developed to allow anyone, regardless of technical ability, easy access to a cryptocurrency. Within a few minutes of installing the mobile app any user can see Electroneum being added to their wallet via the unique mobile mining experience.
Nearly all cryptocurrencies are “mined” with specialist equipment. Electroneum can be obtained via the mobile mining experience on the app.
We’ve developed a fully functioning crypto coin with some very unique features. We’ve identified multiple enormous markets and we’ve created a free Apple and Android app that allows us to start penetrating those markets from day one after the token sale (31st October 2017).
History of Electronium
January 2015
Richard Ells buys his first Bitcoins and starts his interest in cryptocurrency.August 2015
The team at Retortal start building their own cryptocurrency, forked from cryptonote.January 2016
Bitcoin has nearly doubled in value since Richard Ells first introduced the team. Our own cryptocurrency still has no name but it is now working in our server rack.April 2016
Our first (ugly!) GPU miner is born.July 2016
Bitcoin has trebled in value since we started looking at cryptocurrencies. We formally decide to get involved in developing a cryptocurrency with improvements over what is available.August 2016
The team choose the open source Bytecoin improvements in cryptonote as the basis for their new currency.September 2016
It is decided that mobile ubiquity is what we must build our currency around. We have been calling it “Electron”.January 2017
We have formally raised the initial investment required to launch our cryptocurrency. Planned for summer 2017.March 2017
We have a working model of our cryptocurrency, doing something that nobody else is doing anywhere in the world.June 2017
Discovering there is a little known cryptocurrency called “Electron” we rename our project “Electroneum” to ensure we differentiate ourselves from them.July 2017
Electroneum Ltd is formed and officially takes control of the Electroneum project.
What is ready to go live immediately after the token sale crowdsale?
We have already developed, finished and tested:
• Blockchain (the underlying technology behind all cryptocurrencies)
• App based wallet (allows access to Electroneum with zero tech knowledge)
• App based mining (allows non technical people to gain some Electroneum easily)
• Offline Wallet (allows a completely secure, unhackable, offline wallet to be created)
• Windows wallet
• Windows miner (leave your PC mining for more coins at home or the office)
• Mining pool software (we run this to make mining easier. Open source to allow others
to develop their own pools
• Blockchain explorer (used to verify payments and examine the blockchain – open
source)
• Third party payment API (used to allow third parties to accept Electroneum or pay out
Electroneum – this is critical to implementation with the Gaming Industry)
These items are enough for us to launch the user friendly, more accessible cryptocurrency, Electroneum and gain traction, but we are raising money in this token sale for a more ambitious plan.
