ELECTRONEUM

New Exchange Listing:-
Electroneum has announced a new partnership with an interesting platform, Coinbene. Coinbene, an exchange company which has its base in Singapore last week recorded a daily trade – exchange value of over $2 Billion USD to topple Binance.

Coinbene will also list Electroneum on the platform before the end of the month. Coinbene is a new interesting exchange platform, running on the Revenue Distribution Model.

Using this model, Coinbene issues its own tokens to pay customers in return for the transactions fees they pay on the platform, it does this in form of cryptocurrency.

                                Electroneum Fork’s effects

ASICs have centralized Bitcoin’s consensus protocol, and three mining pools have 48% of BTC’s hashrate this week.

There’s been enhanced concern about whether Bitmain which designs and uses its very own ASICs could eventually attack Bitcoin.

Ells was asked whether bringing back ASICs would put Electroneum in danger of a consensus attack and responded that

“When we banned ASICs, Electroneum became vulnerable to attack,” he stated. “From a rate of approximately two giga-hashes, we ended up with 30 mega-hashes just yesterday. We calculated that if a malicious agent used a cloud-mining site like NiceHash, they could successfully stage a 51% attack for as little as $3,000”.

Ells also argued that re-introducing ASICs would not make mining on the network inaccessible for users.

We are pleased to announce the partnership with @electroneum.
The token will be listed by the end of July.