What is the total pre-mine vs total yet to be mined and the block time?
You talk about mobile mining but what will stop someone from making a cpu or gpu miner? How does this differentiate itself from mobile phone wallet apps that use bitcoin or ethereum?
Hi,
Thanks for the interest.
21 billion coins (MAX), 6 billion pre-mined for the ICO
The block chain algorithm is adaptive to try and achieve smooth emission - the full details of which are in the technical white paper link below.
A phone can't mine much, it's true - however it's ridiculously EASY to do it, and that's the key. We hope to hook in millions of ordinary people into cryptocurrency, where they felt excluded before.
Once they've mined a little on their phone they are far more likely to use our Linux or Windows CPU / Mining software to mine a lot more - still very little technical knowledge required.
Sure, some people are going to use GPUs as they are very fast, we have, however, tried to make the blockchain as "anti" GPU and ASIC as possible (please see our technical white paper below - search for GPU).
http://electroneum.com/technical-white-paper.pdfI hope that helps a little. Feel free to ask anything at any time.
Have a great day!
Richard.