BUY / EXCHANGE instantly
Max Supply Algorithm Proof Type Start Date Twitter Website
21000000000 2017-10-30 Array Electroneum
DifficultyAdj. BlockRR. BlockNo. Network H/s Current Supply Block Reward
1842316 0 17970032954.56 0
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What is Electroneum (ETN)?

Electroneum (ETN) is a digital currency designed for use on the Electroneum blockchain. This cryptocurrency aims to drive increased accessibility and ease-of-use in the digital asset market, with a particular focus on mobile users. The token itself plays a crucial role within this ecosystem.

ETN is the native utility token of the Electroneum network. Functioning as a medium of exchange, ETN is designed to facilitate transactions and interactions within the platform. It's built primarily to encourage micropayments and transfers, offering a solution that is both cost-effective and fast compared to traditional digital payment methods.

Electroneum is more than just a token; it's a comprehensive blockchain project targeting mass adoption through user-friendly mobile applications. One of the distinctive features of Electroneum is its focus on the telecommunications and mobile payments sectors, aiming to bridge the gap between blockchain technology and the vast number of mobile users worldwide. The platform also incorporates unique features such as a mobile miner (or its equivalent reward system) that provides users with a way to earn ETN through simple interactive activities.

What is Electroneum (ETN) used for?

ETN is used primarily as a transactional currency within the Electroneum network. Its applications include remittances and mobile payments, where it simplifies and reduces the costs of sending money across borders, particularly targeting areas with high mobile usage but low banking penetration. It's also well-suited for e-commerce and micropayments, given its design optimized for rapid, low-cost transactions. Additionally, Electroneum places a strong emphasis on providing digital financial services to the unbanked or underbanked populations, especially in developing countries where mobile phone usage is high.

Who Created Electroneum (ETN)?

Electroneum was founded by Richard Ells, who also co-founded the digital agency SiteWizard and the successful tech company Retortal.

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