Electroneum is a type of Cryptocurrencythat is based on the Cryptonightalgorithm. A cryptocurrency is a type of money that is digital only and this digital code is stored on any server or anybody’s computer who is using the daemon(client/wallet program). A daemon is a Network Program where all the code is sent/received through, which then allows you to make transactions using a wallet program (daemon). Electroneum cryptocurrency, has a online wallet, the only difference is that the daemon is running on their server, which this makes it a riskier way of storing your coins or making transactions. Why is is more risky on an online wallet is if a hacker compromises the site not only your account information can be revealed, everybody else’s even including the server’s wallet which stores all of the website’s Electroneum (ETN) coins.

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