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Electroneum
Electroneum company profile covering its platform overview, features, and milestones.
Company Info
Electroneum is a Layer 1 blockchain platform powered by its native cryptocurrency ETN, built to make digital payments fast, affordable, and practical for everyday use, while supporting real-world crypto adoption. The platform is EVM-compatible, allowing developers to build decentralized applications (dApps) with ultra-low transaction fees and fast processing speeds. The network runs on the IBFT(Istanbul Byzantine Fault Tolerance) consensus mechanism, which enables quick transaction processing, maintains strong security, and improves energy efficiency. This design also makes Electroneum a more eco-friendly option compared to many other blockchain platforms.
Key Features of Electroneum:
- Achieves 5-second transaction finality, making real-time payments quick and smooth.
- The network keeps gas fees extremely low, often just a fraction of a cent, ideal for microtransactions.
- Its validator system is designed to stay energy-efficient and support sustainable blockchain use.
- Power platforms like AnyTask.com are helping users earn and transact without relying on banks.
Electroneum Milestones:
| Year | Key Achievements | |
| 2017 | Initial Coin Offering (ICO) | Raised $40 million from more than 120,000 participants, making it one of the largest public fundraisers by user count. |
| 2018 | Mobile Mining & KYC | Introduced Simulated Mobile Mining and became one of the early crypto projects to enforce mandatory KYC/AML compliance. |
| 2019 | M1 Smartphone & Moderated Blockchain | Launched the M1 Android smartphone. Shifted from Monero-based PoW to a " Moderated Blockchain" to reduce the risk of 51% attacks. |
| 2020 | AnyTask Platform Launch | Rolled out a freelance marketplace where users can earn ETN for digital services, even without a bank account. |
| 2024 | Aurelius TestNet | The Electroneum Smart Chain Testnet has been launched, which now includes smart contracts and EVM compatibility. |
| 2025 | Ethereum 2.0 will launch as the mainnet. | The next-generation Layer 1 EVM chain was introduced, including 5-second finality and extremely cheap gas prices. |
FAQs
Company Details
Launch Date
Jan-2017
Company Size
Small (11-50)
Contact Details
Kent Life, Lock Ln, England ME14 3AU, United Kingdom
Social Media
Primary Category
- Blockchain Network
- Hosted
- Sponsored
- Media Partnered
Result Not Found
The requested search filter did not yield relevant results.
- Funding
- Investment
- Revenue
| # | Investor Name | Investor Category | Funding Date | Funding Round | Invested By | Fund Raised |
|---|---|---|---|---|---|---|
 No Records data foundOops, it’s quiet here! No funding list yet. | ||||||
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