What is Electroneum Classic?
It takes Electroneum v188.8.131.52, which is pre-hardfork back to ASICS, and improves it. We rebased on Monero, added Bulletproofs, added Zawy LWMA3 difficulty algo to prevent hashrate fluctuations and make 51% attacks much harder. We are using CryptonightV7 CryptonightV8, with a custom variant of cryptonight a future possibility if new threats arise.
CryptonightV8 (cn_variant 2)
11 Min Ring Size
60 second block time
21,000,000,000 total supply
Zawy LWMA3 difficulty algorithm
What is wrong with Electroneum?
Electroneum had a 60% premine of 12.6 Billion coins, with a total supply of 21 Billion. This is clear dishonesty and there is about ~7 billion unaccounted coins (mined to an untraceable wallet in block 1) from what was stated in their ICO. The current circulating supply is not 7,309,891,787 ETN as coinmarketcap states but it is ~14.9 billion.
Dishonest to ICO investors
CoinMarketCap is in on it
Unrecoverable financial situation
ETN will never go above 0.01$ USD when 60% is controlled by 1 person
60% premine messed up emission curve, making it like 90% premine
Mobile miner emissions are way too low (~7 billion ETN will feed it for 18 years)
No security at all. Transactions use only 1 ring, aging bug ridden codebase.
Electroneum Classic blocks reward you with ~18,000 ETNC per block currently. On Electroneum the block reward at the start of the blockchain was ~8,000 ETN, now its around ~6,000 ETN. Dont forget ETN has 120 second blocktimes after their recent hardfork, so divide the emission by 2 to get the equivalent to a 60 second block time chain. This is a huge scam, you take a 60% premine, and as a result, the emission curve gets all messed up, making it 2.25x harder to mine. Meaning your 60% premine is much larger, as others cannot take advantage of the easy emissions for being an early adopter.
We want Electroneum Classic to become the go to for private and fast transactions. Paying for a coffee, transferring a large balance or even paying for a VPN should be possible within minutes with full privacy.
Less than 0.01$ transaction fee
Fast first confirmation, about 1 minutes
Private and Anonymous, CryptoNote technology
You can buy a Socks5/VPN with it
Algo CNV8 (GPU) CN (ASIC)
Bulletproofs Yes No
Block Time 60 seconds 120 seconds
Difficulty Algo LWMA3 Monero
Total Supply 21 Billion 21 Billion
Alternate Miner Bandwith Simulation
Coin Exchange project : https://roller.today
Ecosystem : Wallet CMS Roller Application
Masternode Runing wallet : 0xf1fd34b7a4d3af6b4a8f6ff7d4c3d982fd5dd6af
Masternode Hold Wallet : 0xf5e48e9cb2fabdf4ce157f23a56f6665e478ec6f
don't spam 184.108.40.206
you spam vote form IP : 220.127.116.11
Right let me check not sure whos doing that ill announce it in the group ;)
I think it will be successful someday . Go keep it up.
This coin has great potential!
please support Let's MESUT GÜLTEKİN TELEGRAM INGAME ;)
Great project !!!! best coin !!!! future of mining ... etnc future coin !!!
Ждем с нетерпением!