What is Electroneum?

Symbol: ETN · Market cap rank: #934

Short answer

Electroneum (ETN) is a cryptocurrency currently ranked #934 by market capitalisation. It is classified as Layer 1 (L1).

Source: isthiscoinascam.com

Overview

Electroneum is a Layer 1 EVM-compatible blockchain founded with a focus on user accessibility, serving over 4 million users globally. The network utilizes the IBFT consensus mechanism, offering transaction speeds of 5 seconds and instant finality, while aiming to maintain low fees for smart contracts.

The native cryptocurrency, ETN, underpins AnyTask.com, a freelance platform within the cryptocurrency sector. The project targets partnerships with universities and Web3 infrastructure companies for validator support, emphasizing security and energy efficiency in its operations.

Launched: 2017

Headquarters: Maidstone, United Kingdom

Scam-risk analysis

Electroneum has a low score, indicating elevated scam risk based on the available data. Is Electroneum a scam?

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