When you get to understand Dogecoin, you get to understand that the concept behind it is creating a fun cryptocurrency. Where cryptocurrencies are complicated, complex and intimidating, Dogecoin tries to make everything a little bit more fun. Electroneum, on the other hand, is aimed at being simple; simple to understand, simple to use and simple to mine. Electroneum understands that there are millions of people who are interested in buying cryptocurrency but find the process of getting accounts and buying, complicated. With Electroneum, one can buy and mine through a mobile app.
What Makes Electroneum Special?
Electroneum was created in 2013 and unlike most coins at the time which were being created in Asia and America, the coin was created in Britain, becoming the very first British cryptocurrency. Although it is built on the Monero codebase, Electroneum is unique in that it is based on a mobile application. This has made it simple to purchase and use. The team behind the project believe that its simplicity sets it up for mass adoption and will give access to millions of people interested in cryptocurrencies.
In some cryptocurrency exchanges, users have to have bank accounts, have to take a selfie of themselves while holding their identity card, have to reside in specific countries and other requirements. Most of these requirements have pushed some potential investors who are uncomfortable giving up this information away from investing. Electroneum achieves all crypto operations using a simply downloaded mobile app.
In addition to simplicity, the coin has an emphasis on privacy. This is no surprise as the coin is built on Monero. It also makes it very easy to mine Electroneum since anyone with a phone and has downloaded the app can do it. This takes away the need for mining hardware which tends to be expensive and has in recent years been criticized to be environment-unfriendly. The app although it is built as a mobile app, can be used in mobile phones and desktops. The team behind the coin believe that these features put together sets the coin for mass adoption.
At the time of press, Electroneum is trading at $ 0.013686, up by 18% in the last 24 hours. The coin has a market cap of $109,197,877.Dogecoinoge
What Makes Dogecoin Special?
It began around the same time in 2013 but where Electroneum started as a serious cryptocurrency looking to compete with bitcoin, Dogecoin was an internet sensation. Dogecoin started as a meme of a Japanese dog (Shiba Inu) nicknamed “doge”. It’s cute and cuddly looks made it famous across social media and especially on Twitter.
Jackson Palmer, the founder of the coin, quickly took the idea and developed “doge” into a payment gateway while it was still an internet sensation. Due to the popularity it had already garnered, the coin became popular with internet users, attracting a loyal community. Although it has taken some time for people to fully understand it and trust it, given its foundation, Dogecoin has turned out to be one of the best payment gateways and investment options in 2018. The year has also been the coins most successful one by far.
One characteristic of the coin that has attracted investors is the fact that its price is not dependent on bitcoin. Most cryptocurrencies change prices according to bitcoin’s behavior and this always affects them both negatively or positively regardless of their individual achievements. However, Dogecoin does not. Even when bitcoin is struggling, Dogecoin is able to record profits based on its own achievements.
At the time of press, Dogecoin is trading at $0.005719, up by 1.56% in the last 24 hours. And has a market cap of $665,068,088.