There are various differences between the two. The most important is that Electroneum will be mineable with a mobile phone. The team has divided the total number of mineable coins in two, and assigned half to traditional computer mining and the other half to mobile mining. Bitcoin can also theoretically be mined on a mobile phone, but a phone has way too little CPU power to compare with fast computers and GPUs. Electroneum is bridging that gap and creating an environment where mobile phones don’t compete with computers. Given the mobile mining aspect, it is expected that Electroneum will grow exponentially faster than Bitcoin, since the target audience (mobile phone owners) is very large (2.2 billion at this point). They run on different algorithms. Bitcoin runs on SHA256 while Electroneum runs on the Monero-based Cryptonight algorithm which is much more private than SHA256. Bitcoin has 8 decimal digits, making small amounts of Bitcoin difficult to read quickly. Electroneum only has 2 decimal digits, making it much more like traditional currencies we know, like the dollar.
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March 2018
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