About Phoneum
Phoneum's mission is to provide equality to all by simplifying the mining process. While the meteoric growth of the cryptocurrency market and increased media buzz was high at the end of 2017, mainstream adoption and acceptance of cryptocurrencies has just begun. Phoneum, as an all-in-one solution, is well positioned to address the public's interest.
What makes Phoneum unique, is the custom algorithm and blockchain structure that delivers a truly mobile-only mining solution and simplified user interface which does not require technical skills to deploy.
Phoneum seamlessly integrates into users daily mobile device usage, enabling them to mine and support the advancement of this disruptive technology while not disrupting the everyday usage of their device. It is a new, scalable model of mining that harnesses the power of ubiquitous smart devices globally, requiring lower energy consumption with significantly less impact on the environment than current cryptocurrency mining models.
White paper: https://phoneum.io/wp-content/uploads/Phoneum_whitepaper_april_11.pdf
Phoneum claims that any mobile device on the planet can be used for mining and their technology is scalable and fast. For phone users who are worried about battery drain/damage, phoneum app claims to have a feature which monitors the phone temperature. If the temperature gets high the transactions are stopped until cool off to prevent any damage to battery or the phone. During this time the person still earns mining share as they are awarded for their time spent on the app.
The mining on Phoneum is based on Proof of Work and Proof of time. They are testing the app and are taking feedback for improvements. Phoneum founder claims to be working on a unique algorithm to block out computers and ASIC miners so that the platform is not abused by the high powered devices. The rewards are distributed equally for all mobiles on the network. The app is expected to be launched in April.
More about Phoneum please visit: https://phoneum.io
