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Selfkey is a blockchain company founded in 2017 that allows individuals and companies to initiate digital identity transactions in a secure, private, and decentralized manner.
Selfkey is a blockchain company
Selfkey provides an identity wallet to individuals and companies that give them full ownership of their digital identity. It also provides access to many cryptocurrency-related products and services. It is headquartered in Port Louis, Mauritius, and was founded by Edmund John.
One of the standout features of SelfKey is the self-hosted data storage. This lets you secure your identity documents and assets locally, so there is no risk of a major data breach as with other similar systems. The KYC processes within SelfKey also stand out for their efficiency. Qualified certifiers can provide you with reusable identity authentication upon request. You can then share this authentication multiple times with several service providers. This, in turn, prevents you from wasting time and effort with a traditional KYC onboarding process that is typically tedious. SelfKey additional minimizes data because of its blockchain-based verifiable claims protocol. This protocol lets you as an identity owner prove you meet the ID attributes required for a specific service or product without any need to actually share your identity document. In other words, you can provide proof of your ID without sharing the ID, keeping the data you send to a minimum. Of course, SelfKey also provides the full functionality you want from a cryptocurrency wallet, including the ability to securely manage cryptocurrency assets like ETH, KEY, and the other ERC-20 tokens.Edmund Lowell is the founder of SelfKey.
On his LinkedIn page, Edmund describes himself as an entrepreneur whose “skill sets lie at the crossroads of finance, technology, and law/regulations.” Additionally, he has been involved with other projects related to personal data protection, self-sovereign digital identity systems, blockchains, and distributed ledgers. Terry Lin is the product manager for this venture. In the past, Terry has been associated with many established projects including, AMZ Tracker, UBS and Build My Online Store. Lastly, Ari Propis is the accounting backbone of SelfKey. He has been in the crypto domain for more than five years and has previously worked as a consultant for various blockchain and international accounting startups. It was introduced into the market earlier this year, KEY tokens were initially traded at a modest price of US$0.08 per token.
Electroneum is a privacy cryptocurrency that is powered and managed by a mobile app.
Electroneum is a cryptocurrency
Electroneum is a cryptocurrency built on its own blockchain built on bitcoin. The cryptocurrency claims to be "the first common cryptocurrency in the world."
The currency was built with the specific purpose of capturing the mobile gaming and online gambling market. It is designed with mobile device convenience, fast transactions and thoughtful micropayments.
Overall, the project claims to represent a huge leap forward compared to the cryptocurrency's competitors. It also claims to be a powerful investment opportunity that will almost certainly grow in value. This is because Electroneum is built for widespread use and claims that it offers "ease of use for the average mobile user."
All of this sounds good, but we've seen other cryptocurrencies make similar claims. Let's take a closer look at how Electroneum plans to fulfill these promises.
How does Electroneum differ from hundreds of other cryptocurrencies on the market today? Why should you use Electroneum instead of Bitcoin, Ethereum or any altcoin? Here are some of the unique selling points raised in the electronic project document:
The coin has a maximum total stock of 21 billion," which would mean that transactions have only two decimal places and have "real money" that bitcoin is missing. Do you know how when you send a small amount of bitcoins and it looks like "0.0001264"? Electroneum plans to offer a more accessible, understandable amount of transactions, having a total stock that is significantly higher than bitcoin (bitcoin has an expected total stock of 21 million).
Wallets with electronosis are designed for easy management on any smartphone. Coins can be generated by a unique mobile miner working as a background activity on your device.
The currency provides a fast micro-transaction, and Electroneum is easily transferred between various games, applications and users.
The project relies on its own targeted blocking — unlike many other cryptocurrencies that are based on existing blockchains, such as Ethereum. The electronoid blockchain is based on the bitcoin source code. The company has been developing blockchain and cryptocurrency since 2016.
Electroneum makes numerous mentions that it is a mobile currency. The creators of the project recognize that in most countries of the world there is a mobile phone, and about 2 billion people own a smartphone. The Electroneum is based on using the power of all smartphones to power the network. In addition, users can manage all aspects of Electroneum from their mobile wallet.
As a rule, cryptocurrencies are launched with special equipment — for example, a PC with several GPUs inside. The Electroneum will allow users to mine currency using a mobile application.
The company will begin with the release of its iOS and Android application on October 31, 2017, one day after the completion of the token sale.
Another important feature of the Elecroneum is its accessibility. There are several mentions in the white paper about how the numerous decimal places of bitcoin prevent widespread distribution. Let's be honest: Most bitcoiners are tired of counting the number of 0s when they are asked to pay a commission, such as 0.0000416, or when they see a transaction fee. Electroneum plans to have two digits after the decimal value (it has 21 billion. Amounts of coins compared to 21 million . Bitcoin). This means that you will see the price marked as "21.39 Electroneum" instead of "0.089151 BTC".
The project developers claim that they already have many working products and platforms.
Products that have already been developed, completed and tested include:
The electronic project document sets out long-term goals for the cryptocurrency based on the amount raised.
Electroneum is a cryptocurrency built on the original bitcoin blockchain. The company claims to have already developed a wide range of technical products — including a mining system that can be run from your PC or smartphone to generate currency from unused computing power.
You may want to wait for additional technical information about the project to appear on the Internet or for confirmation that any of the products have already been developed.