- 365 days
Enecuum is the next-generation blockchain that improves security through mathematical smart contracts, allowing instant transactions with zero commission and solving the problem of network scaling by simultaneously supporting three algorithms for mining: PoS, PoW, PoA.
Enecuum is a blockchain mobile network for decentralized applications. It was created as a decentralized ecosystem to be able to bring the blockchain and cryptocurrencies to the real mainstream, involving a crowd with regular mobile and desktop devices into the blockchain network. Enecuum allows each smartphone owner to be a part of our global network.
All you need is a smartphone with an Android 4.4 or higher.
To mine, you need a minimum stake of 25 ENQ (check How to buy on exchange guide). Once you have it, all you need to do is press "Start activity" button in the app. Remember that the higher the stake (balance), the bigger the reward.
The balance is counted as a stake automatically at the time of the microblock publication. You do not need to freeze/lock coins to stake. So, all you need to do to stake is press "Start activity".
You can check the reward for staking in the ROI calculator in the app or on the Enecuum website. To receive the full day reward listed in the calculator, you need to mine for 24 hours. If you are mining with breaks or with a weak internet connection, you will not get the full reward.
The address is used as an identification of your wallet, and the private key is used to access it. You can think of the address as an e-mail and the key as a password. Be careful: if you lose your private key, you won't be able to access your wallet, so please, do a back-up copy.
Generally, a block reward refers to the coins you get as a reward for contributing to the network for each successfully mined block. As a PoA miner, you are awarded with ENQ by our blockchain network for participating in the microblock publishing process.