{"id":52589,"date":"2025-09-28T21:59:33","date_gmt":"2025-09-28T18:59:33","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=52589"},"modified":"2025-09-28T21:59:33","modified_gmt":"2025-09-28T18:59:33","slug":"what-is-electroneum-etn","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-electroneum-etn\/","title":{"rendered":"What is Electroneum (ETN)?"},"content":{"rendered":"<p><span data-contrast=\"auto\"><strong>Electroneum (ETN)<\/strong> is a mobile-focused, EVM-compatible Layer 1 blockchain project that aims to achieve global financial inclusion. Its main goal is to provide individuals without access to banking services with the ability to participate in the digital economy via a smartphone.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-52596 size-large\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/electroneum-1024x341.jpg\" alt=\"\" width=\"1020\" height=\"340\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/electroneum-1024x341.jpg 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/electroneum-300x100.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/electroneum-768x256.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/electroneum.jpg 1500w\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-is-electroneum-etn\/#Team_and_Founders\" title=\"Team and Founders\">Team and Founders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-is-electroneum-etn\/#Project_Concept\" title=\"Project Concept\">Project Concept<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/what-is-electroneum-etn\/#How_the_Project_Works\" title=\"How the Project Works\u00a0\">How the Project Works\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/what-is-electroneum-etn\/#Governance\" title=\"Governance\">Governance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/what-is-electroneum-etn\/#Roadmap\" title=\"Roadmap\u00a0\">Roadmap\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/coinengineer.net\/blog\/what-is-electroneum-etn\/#Token_Use_Cases\" title=\"Token Use Cases\u00a0\">Token Use Cases\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/coinengineer.net\/blog\/what-is-electroneum-etn\/#ETN_Token\" title=\"ETN Token\">ETN Token<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/coinengineer.net\/blog\/what-is-electroneum-etn\/#ETN_Minting_and_Burning\" title=\"ETN Minting and Burning\u00a0\">ETN Minting and Burning\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/coinengineer.net\/blog\/what-is-electroneum-etn\/#Token_Information\" title=\"Token Information\u00a0\">Token Information\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/coinengineer.net\/blog\/what-is-electroneum-etn\/#Token_Distribution\" title=\"Token Distribution\u00a0\">Token Distribution\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/coinengineer.net\/blog\/what-is-electroneum-etn\/#Electroneum_ETN_Features\" title=\"Electroneum (ETN) Features\u00a0\">Electroneum (ETN) Features\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/coinengineer.net\/blog\/what-is-electroneum-etn\/#Ecosystem\" title=\"Ecosystem\u00a0\">Ecosystem\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/coinengineer.net\/blog\/what-is-electroneum-etn\/#Official_Links\" title=\"Official Links\u00a0\">Official Links\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Team_and_Founders\"><\/span><span data-contrast=\"auto\">Team and Founders<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">The project is managed by the Electroneum Team. Richard Ells is the founder and CEO of Electroneum.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-52600 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/team-13-1024x543.png\" alt=\"\" width=\"751\" height=\"398\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/team-13-1024x543.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/team-13-300x159.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/team-13-768x407.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/team-13.png 1165w\" sizes=\"auto, (max-width: 751px) 100vw, 751px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Project_Concept\"><\/span><span data-contrast=\"auto\">Project Concept<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Electroneum aims to make cryptocurrency accessible for everyday use. This is achieved through a fast, energy-efficient blockchain infrastructure offering ultra-low gas fees and 5-second transaction finality. The project creates real-world utility by enabling unbanked users to earn ETN through platforms like AnyTask.com.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-52594 size-large\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/ELECTRONEUM-about-1024x280.png\" alt=\"\" width=\"1020\" height=\"279\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/ELECTRONEUM-about-1024x280.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/ELECTRONEUM-about-300x82.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/ELECTRONEUM-about-768x210.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/ELECTRONEUM-about.png 1151w\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_the_Project_Works\"><\/span><span data-contrast=\"auto\">How the Project Works<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span data-contrast=\"auto\">IBFT Consensus Mechanism (Istanbul Byzantine Fault Tolerance)<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Single block proposal completes transactions in 5 seconds<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Validator leadership rotates over time to enhance security<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Block approval requires supermajority<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">Validator System<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li><span data-contrast=\"auto\">Initially launched with NGOs and foundations (Proof of Responsibility)<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">After the 2024 Aurelius update, universities and Web3 companies joined<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Low energy consumption and environmentally friendly structure<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">AnyTask Platform<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li><span data-contrast=\"auto\">Serves over 20,000 vendors in 140 countries<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Users without bank accounts can receive payments in ETN<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-52595 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/electroneum-system-1024x1024.jpg\" alt=\"\" width=\"691\" height=\"691\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/electroneum-system-1024x1024.jpg 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/electroneum-system-300x300.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/electroneum-system-150x150.jpg 150w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/electroneum-system-768x768.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/electroneum-system.jpg 1080w\" sizes=\"auto, (max-width: 691px) 100vw, 691px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Governance\"><\/span><span data-contrast=\"auto\">Governance<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Electroneum promotes decentralized decision-making through On-Chain Governance features:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li><span data-contrast=\"auto\">Participants:\u00a0All ETN holders can participate<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Voting Power:\u00a0Proportional to held or staked ETN<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Proposal Types:\u00a0Community proposals include network changes, protocol upgrades, treasury allocation, and validator management<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Approval Mechanism:\u00a0Minimum quorum (e.g., 10% of circulating ETN) and supermajority (e.g., 66%) required<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Incentives:\u00a0Small voting rewards to encourage participation<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Roadmap\"><\/span><span data-contrast=\"auto\">Roadmap<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span data-contrast=\"auto\">2021:\u00a0Proof of Responsibility (PoR) consensus launched for energy efficiency<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">2024:\u00a0Electroneum Smart Chain Testnet released with smart contract support<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">2025:\u00a0Electroneum Smart Chain launched, fast and low-cost Layer 1 blockchain<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Future:\u00a0Permissionless validator system, advanced consensus, and on-chain governance<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-52599 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/roadmap-13-1024x597.png\" alt=\"\" width=\"741\" height=\"432\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/roadmap-13-1024x597.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/roadmap-13-300x175.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/roadmap-13-768x448.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/roadmap-13.png 1296w\" sizes=\"auto, (max-width: 741px) 100vw, 741px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Token_Use_Cases\"><\/span><span data-contrast=\"auto\">Token Use Cases<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span data-contrast=\"auto\">AnyTask Payments:\u00a0Payment and earnings on freelance platform<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Mobile Payments:\u00a0Integrated with mobile app for airtime, data, and services<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Network Security (Warranting):\u00a0Validators stake tokens for network security<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Governance Voting:\u00a0Vote on network proposals<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Transaction Fees:\u00a0Gas fees paid in ETN<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-52593 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/any-task-1024x1024.jpg\" alt=\"\" width=\"682\" height=\"682\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/any-task-1024x1024.jpg 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/any-task-300x300.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/any-task-150x150.jpg 150w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/any-task-768x768.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/any-task.jpg 1080w\" sizes=\"auto, (max-width: 682px) 100vw, 682px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"ETN_Token\"><\/span><span data-contrast=\"auto\">ETN Token<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Electroneum (ETN) is the native cryptocurrency of the Electroneum blockchain. It supports platform functions and is designed for mobile transactions, digital payments, and freelance earnings. ETN offers a low-cost, fast, and energy-efficient payment method.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-52597 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/etn-token-1024x576.jpg\" alt=\"\" width=\"646\" height=\"363\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/etn-token-1024x576.jpg 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/etn-token-300x169.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/etn-token-768x432.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/etn-token.jpg 1280w\" sizes=\"auto, (max-width: 646px) 100vw, 646px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"ETN_Minting_and_Burning\"><\/span><span data-contrast=\"auto\">ETN Minting and Burning<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span data-contrast=\"auto\">Minting:\u00a0New ETN is produced through block rewards; users cannot manually create tokens<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Burning:\u00a0A portion of transaction fees is permanently burned to prevent manipulation<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Token_Information\"><\/span><span data-contrast=\"auto\">Token Information<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span data-contrast=\"auto\">Symbol:\u00a0ETN<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\"><a href=\"https:\/\/coinmarketcap.com\/currencies\/electroneum\/\">Max Supply<\/a>:\u00a021 Billion ETN<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Circulating Supply:\u00a0~18 Billion ETN<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Type:\u00a0Native token of Electroneum Smart Chain<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Token_Distribution\"><\/span><span data-contrast=\"auto\">Token Distribution<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span data-contrast=\"auto\">ICO:\u00a0Initial funding via 2017 ICO<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Emission Reduction:\u00a0September 2021 hard fork reduced block reward by 75%<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">New Distribution:\u00a0Tokens mainly managed via Treasury Contract supporting validators and community initiatives<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Electroneum_ETN_Features\"><\/span><span data-contrast=\"auto\">Electroneum (ETN) Features<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span data-contrast=\"auto\">EVM Compatibility:\u00a0Fully compatible with Ethereum Virtual Machine<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Security:\u00a0High security with IBFT consensus<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Speed:\u00a05-second transaction finality<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Cost Efficiency:\u00a0Ultra-low transaction and smart contract fees<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Sustainable Infrastructure:\u00a0Environmentally friendly and energy-efficient<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-52598 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/features-3.png\" alt=\"\" width=\"815\" height=\"470\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/features-3.png 912w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/features-3-300x173.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/09\/features-3-768x443.png 768w\" sizes=\"auto, (max-width: 815px) 100vw, 815px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ecosystem\"><\/span><span data-contrast=\"auto\">Ecosystem<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span data-contrast=\"auto\">AnyTask Platform:\u00a0Provides income opportunities for unbanked users<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Mobile App:\u00a0User-friendly wallet for payments<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Smart Contract Integration:\u00a0Special contracts for validator management, governance, and treasury<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Eco-Friendly Focus:\u00a0PoR consensus consumes far less energy than PoW<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Official_Links\"><\/span><span data-contrast=\"auto\">Official Links<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><a href=\"https:\/\/electroneum.com\/\">Website<\/a><\/li>\n<li><a href=\"https:\/\/x.com\/electroneum\">Twitter<\/a><\/li>\n<li><a href=\"https:\/\/t.me\/officialelectroneum\">Telegram<\/a><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{}\"> <em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a>\u00a0and updates.<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Electroneum (ETN) is a mobile-focused, EVM-compatible Layer 1 blockchain project that aims to achieve global financial inclusion. Its main goal is to provide individuals without access to banking services with the ability to participate in the digital economy via a smartphone.\u00a0 Team and Founders The project is managed by the Electroneum Team. Richard Ells is<\/p>\n","protected":false},"author":36,"featured_media":52590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,5],"tags":[24313,21023,2843,24311,24312,24072,6068,4640,16278,24314],"class_list":["post-52589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-projects","category-project-review","tag-anytask","tag-blockchain-governance","tag-crypto-payments","tag-electroneum","tag-etn","tag-evm-blockchain","tag-financial-inclusion","tag-layer-1-blockchain","tag-mobile-crypto","tag-por-consensus"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Electroneum (ETN)? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Electroneum (ETN), a mobile-first Layer 1 blockchain enabling global financial access with fast, low-cost, and eco-friendly transactions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/what-is-electroneum-etn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is Electroneum (ETN)? 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