ETERNAL

Overview of ETERNAL

Eternal Token (ETERNAL) is a decentralized digital currency that was introduced by Atom Solutions Co., Ltd. in 2018. Designed to operate on the Ethereum platform, it's primarily exchanged on platforms such as Exrates, Sistemkoin, YoBit, P2PB2B, and AirSwap. With respect to storage, ETERNAL can be stored and managed in digital wallets like MyEtherWallet, Ledger Nano S, or Trezor. All the transactions of this cryptocurrency, like those of other cryptocurrencies, are recorded on a blockchain. Beyond that, further scrutiny and understanding of the token would require a deeper dive into its white paper and its provided technical, financial, and legal details.

Pros and Cons

What makes ETERNAL unique？

Eternal Token (ETERNAL) introduces a unique mechanism where the token is issued in correspondence with the holding country of Eternal Coin (XEC), another cryptocurrency introduced by the same company, Atom Solutions. This tie between two cryptocurrencies is a unique characteristic that distinguishes ETERNAL from typical cryptocurrencies that exist independently.

Moreover, Atom Solutions emphasizes on the global remittance feature of ETERNAL. This focus is a deviation from other cryptocurrencies whose primary objective may be a store of value or a decentralized application utility token. However, how this innovation will pan out in the long term and how effectively it will be adopted by the market remain to be seen.

How Does ETERNAL Work？

Eternal Token (ETERNAL) operates on the Ethereum platform, which is a Proof of Stake (PoS) system, distinctly different from Bitcoin's Proof of Work (PoW) system.

In normal operations, ETERNAL is not mined like Bitcoin. Bitcoin's mining process involves solving complex mathematical problems using dedicated hardware (ASICs), which consumes a significant amount of energy and time. With Ethereum transitioning to the Ethereum 2.0 upgrade, it shifts from the traditional PoW methodology to a PoS methodology where new blocks are validated by coin holders, which conserves energy and has a shorter processing time. This PoS principle is applicable to all ERC20 tokens, including ETERNAL.

Exchanges to Buy ETERNAL

Eternal Token (ETERNAL) is primarily listed on several cryptocurrency exchanges. These include Exrates, Sistemkoin, YoBit, P2PB2B, and AirSwap. Each of these platforms offer services that allow users to buy, sell, or trade ETERNAL against other cryptocurrencies. Transactions made on these exchanges should generally include order matching, trade executions, and providing sufficient liquidity for users. The specific trading pairs available for ETERNAL and their respective transaction fees would need to be verified directly on each platform. It's also important to note that the inclusion or support of a token on an exchange does not constitute endorsement or guarantee of its value or stability.

How to Store ETERNAL？

ETERNAL tokens can be stored in any wallet that supports ERC-20 tokens, as it operates on the Ethereum blockchain. Some of the notable wallets that can be used to store and manage ETERNAL tokens include:

Web-based Wallets, like MyEtherWallet. This open-source interface allows the user to directly interact with the Ethereum blockchain while remaining in full control of their keys and funds.

Hardware Wallets, such as Ledger Nano S and Trezor. These physical devices provide an extra layer of security by storing private keys offline, making them immune from online threats like hacking. They are recommended for storing large amounts of cryptocurrency.

Desktop Wallets, can also be used, like MetaMask, which is a browser extension that enables users to run Ethereum Dapps right in their browser.

Should You Buy ETERNAL？

As an expert in the sector, it's important to clarify that no absolute advice can be given on whether to buy a particular cryptocurrency, including ETERNAL. Purchasing any cryptocurrency requires a careful evaluation of your individual financial circumstances, risk appetite, and investment objectives.

However, ETERNAL might be of interest for various types of investors:

Cryptocurrency enthusiasts and early adopters: Those who are interested in exploring new and innovative digital currencies might see value in ETERNAL given its unique link with Eternal Coin (XEC) and its focus on global remittances.

Tech-savvy investors: Investors with a solid technological understanding might be interested in the tech aspects of ETERNAL such as its operation on the Ethereum platform, transparent transactions via blockchain, and the possibility of leveraging Ethereum's smart contract capabilities.

High-risk investors: Given that ETERNAL is relatively new and therefore less proven compared to more established cryptocurrencies, it may attract investors who have a larger appetite for risk and are willing to experiment with newer tokens in the market.

FAQs

Q: What kind of platform does ETERNAL operate on？

A: ETERNAL is a digital currency that operates on the Ethereum platform.

Q: Who established the ETERNAL token and in what year？

A: ETERNAL was introduced in 2018 by Atom Solutions Co., Ltd.

Q: What are the well-known exchanges supporting ETERNAL？

A: Exrates, Sistemkoin, YoBit, P2PB2B, and AirSwap are among the exchanges that support ETERNAL.

Q: What wallets can be used to store ETERNAL tokens？

A: ETERNAL tokens can be stored in any wallet that supports ERC-20 tokens, such as MyEtherWallet, Ledger Nano S, and Trezor.

Q: What differentiates ETERNAL from other cryptocurrencies？

A: ETERNAL uniquely corresponds with the holding country of another cryptocurrency, Eternal Coin (XEC), and focuses on global remittances, differing from many other digital currencies in the market.