What is Electroneum?

Symbol: ETN · Market cap rank: #938

Short answer

Electroneum (ETN) is a cryptocurrency currently ranked #938 by market capitalisation.

Source: isthiscoinascam.com

Overview

Electroneum is a Layer 1 blockchain that supports Ethereum Virtual Machine (EVM) compatibility. It utilizes the IBFT consensus mechanism, achieving transaction speeds of 5 seconds with instant finality. The network aims to offer low fees for smart contracts and is supported by validators from educational and Web3 sectors.

The native cryptocurrency, ETN, serves as the foundational element for AnyTask.com, a platform that facilitates freelance services using cryptocurrency. Electroneum's user base exceeds 4 million, focusing on speed, security, and energy efficiency within its technical framework.

Scam-risk analysis

Electroneum has a moderate score — some risk signals were raised but no critical concerns. Is Electroneum a scam?

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