Electroneum (ETN)
Rank #771
Market snapshot
- Price
- $0.00076782
- Market cap
- $13.8M
- 24h volume
- $232,415.43
- Circulating supply
- 17,979,817,604.56
- Total supply
- 17,979,817,604.56
- Max supply
- 21,000,000,000
What is Electroneum?
Electroneum is a cryptocurrency designed to facilitate digital transactions. It enables users to generate ETN through mining, providing a decentralized method of creating currency. Electroneum aims to offer a user-friendly experience, particularly in mobile environments.
How Electroneum works
Users can generate ETN through mining. Electroneum features a unique, proprietary validator system, which is designed to be environmentally friendly and cost-accessible. The validator code allows Electroneum to operate with a transaction finality of 5 seconds. By keeping electricity usage low compared to competitors, Electroneum offers a blockchain solution that is faster and cheaper. The platform has transitioned from a legacy Proof-of-Work infrastructure to the Aurelius Smart Chain, which is EVM-compatible.
Key information
- Symbol
- ETN
- CMC rank
- #771
- Network / platforms
- N/A
- Categories
- Mineable
- Date added
- Nov 2, 2017
Key characteristics
Electroneum is categorized under the mineable, layer-1, medium-of-exchange, and wallet tags. Its unique validator system is designed to reduce electricity consumption significantly. The platform operates with fast transaction finality, allowing for efficient processing of transactions.
Documented uses
Electroneum's participation reflects a commitment to responsible innovation and real-world use cases for blockchain technology.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and the destination details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Electroneum (ETN)?
- Electroneum (ETN) is a cryptocurrency that allows users to generate ETN through mining.
- How does Electroneum work?
- Electroneum allows users to generate ETN through mining and operates with a unique validator system that ensures fast transaction finality.
- What are the key technical features of Electroneum?
- Electroneum features a proprietary validator system designed for low electricity consumption and fast transaction processing.
- What are the risks associated with transferring Electroneum?
- Digital asset prices can be volatile, and users should verify asset and network before transferring assets.
- How can I verify the acquisition of Electroneum?
- Verify the asset name, network, and destination details before transferring. Review custody methods and understand transfer irreversibility.
- Where can I find official resources for Electroneum?
- Official resources for Electroneum can be found on their website and GitHub repository.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
