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What is Enjin coin

Enjin coin is Ethereum based cryptocurrency token created for the virtual goods and with smart contract capabilities where the Enjin ecosystem consists of blockchain developer SDKs, Enjin wallet, and Enjin block explorer, market places and many more features.

Enjin coin is an ERC 20 standard token that is used to back the next generation ERC 1155 standard blockchain assets and blockchain assets have real-world value. These ERC 1155 blockchain assets can be converted to ENJ or Enjin coin with real-world value.

Enjin coin brings blockchain technology to helps reduce gaming high fees, and frauds involved with the creation and transferring of gaming virtual assets.

The Enjin coin ecosystem consists of major three components which are the Enjin platform, Enjin wallet, and Enjin block explore. Let’s discuss briefly these three components.

Enjin platform

The Enjin platform is all in one blockchain game development environment that allows us to create, manage the blockchain games without the complexity of building and maintaining the infrastructure typically associated with developing and launching a blockchain game.

The platform consists of many featured components such as Trusted cloud, Blockchain SDKs, Platform API, Wallet Deamon, and Efinity. If you want to know more refer the Enjin platform documentation.

Enjin Wallet

Enjin wallet is a multicurrency supported wallet that supports the Enjin coin, Ethereum, ERC 20, ERC 1155 standard tokens as well as Bitcoin, Litecoin, Binance coin. It is a mobile wallet supports both Android and iOS.

Enjin wallet features

Wallet security: Enjin wallet has unique security features such as a newly created secure keyboard, password protection, screen shot-blocking, etc

Enjin wallet has unique security features such as a newly created secure keyboard, password protection, screen shot-blocking, etc Backup and recovery: Enjin consists of a 12-word recovery phrase to recover the wallet when the device is broken or missing

Enjin consists of a 12-word recovery phrase to recover the wallet when the device is broken or missing In-app exchange: You can exchange any supported cryptocurrency with third party services like Changelly, Kyber swap, and Bancor network

You can exchange any supported cryptocurrency with third party services like Changelly, Kyber swap, and Bancor network Set custom fees and limits: You can set custom network fees when you send tokens from the Enjin wallet and It indicates the detail transaction info

You can set custom network fees when you send tokens from the Enjin wallet and It indicates the detail transaction info Dapp browser: Enjin wallet has an inbuilt Dapp browser which can be used to seamlessly interact with any Dapp keeping blockchain wallet security

Enjin block explorer

Enjin block explorer (called Enginx) is an ad-free, fast, user-friendly universal block explorer that supports Ethereum, Bitcoin, Litecoin, Binance coin, Dogecoin.

Enjinx allows exploring any ERC 20, ERC 721, ERC 1155 standard tokens and blockchain assets.

Also, the Enginx can be used in the Enjin wallet without leaving the Enjin wallet.

Why you need to invest in Enjin coin

In the modern gaming industry, in-game items and virtual gaming asset micro-payments process via the third party payment providers such as PayPal and payment cards. These third-party services cut the huge fees and in mobile gaming, Google and Apple cut huge amounts of fees. In this case, a solution is an Enjin coin that provides the micro-payment via the Enjin coin ultimately Enjin price will skyrocket only matter is the adoption of the blockchain gaming industry.

Enjin coin has established community and it is operated since 2009 as a gaming company based in Singapore and Enjin consists of top team members in the gaming industry.

Enjin team is having constant partnerships that will affect the consistent growth of the Enjin ecosystem. Partnership with Samsung, the Enjin coin price was skyrocketed at the time.

Best wallets to store Enjin coin

Enjin owns the native cryptocurrency mobile wallet that can be used without any hassle. It supports the Bitcoin, Litecoin, Binance coin, Ethereum and many more that can be used to handle blockchain assets in one place.

Enjin coin is ERC 20 token, you can have used any ERC 20 supported wallet such as MyEtherWallet, Mycrypto, Metamak, Ledger, and Trezor wallet.

Original Source: https://www.btcbeginners.com/how-to-buy-enjin-coin-or-enj/