Electroneum: Bullet-point update of recent developments

Hi Guys!

This will be a very short bullet-point style summary of some of the important information/developments that have appeared recently - in this case I mention 5 updates.

1. On the 17th March 2018 Electroneum hit 1 million registered users and over 60,000 active mobile ‘miners’, showing how rapidly this project is growing despite being a few months old.

2. On the 16th March 2018 Electroneum announced we are on another exchange. This is an Indian exchange called bitbns, which has direct fiat pairings and over 1.3 billion registered users – this will expand our global reach and cause Electroneum to grow more rapidly.

3. On the 15th March 2018 the CEO of Electroneum held a Facebook livestream to answer community questions and show us the new offices. He covered many subject, which include:

• Their stance on ASIC machines (mixed messages… They say they are not bothered by them, however they will follow what Monero do so we will have to see what happens)

• New technology developers are going to start working for the company soon. They hired them a while ago but some have to provide up to 6 months notice before they can leave their previous job, meaning some more devs should arrive soon (YAY!! – hopefully they will stress the importance of stopping ASIC and make it happen)

• He said they have cleared the backlog of most support tickets so waiting times should be reduced

• He clarified the cryptopia issue and what can be done. He explained it is not a blockchain problem but a ‘wallet’ problem. The electroneum wallet in cryptopia has experienced more transactions in the last few months than the whole of Monero (all wallets combined in the world) in the last year. When they rebooted the wallet to update to the latest ‘patch’ it had to reload all data, which is a very long task. This would have happened if they had to reboot the wallet for ANYTHING, it is not a result of the ETN blockchain update. They are working on a way to stop this happening in future. They also said no funds are lost and will become available when the wallet is back up and running!

• They have paid to get on more exchanges and are awaiting approval from the exchanges before releasing information

• He also went on to talk about their road to market and how they are going to tackle it. It was very interesting and worth a separate article that explains it in more detail.

4 . On the 13th March 2018 ETN was listen on Kucoin! Already the biggest trading pair is on Kucoin and it is a big exchange for the Asian market. It is big and long awaited news!

5 . On the 13th and 6th of March the mobile miner pay out rate was increased significantly, along with a new 10 ETN threshold to match the increase, as they collected and analysed more user data.

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