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Electroneum Crypto Coin Rank 227
Website
17,902,606,552 ETN

Electroneum
Electroneum
ETN Coin Values ETN

Electroneum valuesUSD Price
$0.02305518

Electroneum BTC Price
0.00000054

Electroneum 24h Vol
$ 1,888,300

Electroneum Market Cap
$ 412,747,873

24h Vol
44 BTC
1 H
0.5 %
24 H
4.55 %
7 d
20.9 %
Today Electroneum price in US dollars is currently $0.02305518 USD, and if converted to Bitcoin is $0.00000054 BTC. A total of 17,902,606,552 ETN are currently circulating in the Market. Electroneum price is currently experiencing a change of 4.55 %, and check here all cryptocurrency. Over the past 24 hours 0.019 M US dollars Electroneum have been traded on Crypto Exchanges. Get Electroneum's progress by adding it to your favourites and creating a free portfolio.
Full Name
Electroneum
Symbol
ETN
Algorithm
CryptoNightV7 (CNv1)
BTC Price
0.00000054 BTC
BTC Market
9,723 BTC
BTC 24h Vol
44 BTC
Total Coins Mined
17,902,606,552 ETN
1h
0.5 %
24h
4.55 %
7d
20.9 %
ETN Charts

Electroneum Price Charts

ETN High/Low Price Chart

Electroneum Price High/Low Price Chart

Historical Data

Electroneum Crypto Technology

Markets

Electroneum Crypto Market

Description

Electroneum Crypto ICO Description

Electroneum is the first cryptocurrency that is designed around mobile ubiquity.

Originating in 2017 as a non-permissioned network, anyone, or any entity could mine the blockchain. This resulted in thousands of miners, many of whom were part of commercial mining operations, who simply mined the blockchain to profit from the ETN block rewards.

These miners had no interest in the sustainability of the project. The move to a permissioned network in 2019 enabled Electroneum to overcome this issue. Electroneum selected a number of Non-Governmental Organisations (NGOs) to be validators, who would use the ETN block rewards to enhance their existing charitable initiatives. We currently have 12 network validators.

Despite thousands of transactions taking place each day, ETN's energy consumption has been drastically reduced with the implementation of PoR. Prior to the upgrade, the hashing power to mine ETN consumed energy equivalent to 14 million light bulbs, each and every day. However, after the implementation of the moderated blockchain, the energy required by NGO’s to validate blocks was reduced the equivalent of powering around a dozen light bulbs.

We are using the power of blockchain to give access to the global digital economy for millions of people in the emerging economies.

Technology

Electroneum Crypto Technology

The Electroneum Blockchain

The Electroneum blockchain uses a unique algorithm that we’ve termed Proof of Responsibility (PoR). The blockchain has received significant praise from the blockchain space, including the co-inventor of the blockchain, Dr. Scott Stornetta, whose work from 1991 is included in the original Bitcoin whitepaper. He praised Electroneum for the implementation of this moderated blockchain, including its improved security and philanthropic approach to redirecting mining rewards to those who need it the most.

The interview discusses everything from his vision for the future of blockchain to his opinions on the Electroneum project, as well as our approach to educating and enabling people in developing regions to learn new skills and explore new ways to earn.

Features

Electroneum Crypto Features

 

Instant Payments

Existing forms of payment such as cash, card and contactless only work when a transaction takes place in an instant. This ensures payment is received by the seller before the buyer leaves with the goods.

Whilst cryptocurrency is undoubtedly the next generation of digital payments, the speed in which a transaction takes place is generally slow. Even Bitcoin, the most renowned cryptocurrency, can take up to an hour to receive. However, we do have a solution. We have created an Instant Payment system.

Using our Instant Payment API, we’ve made it incredibly easy for developers to integrate ETN into existing ePOS and eCommerce systems. This is enabling MVNOs and MNOs, Corporates and Retailers to begin accepting ETN as payment for their products and services.

 

Benefits for people

 

ETN is a cryptocurrency that people can not only use to buy everyday essentials items, either in-store or online, but also earn more via the AnyTask Platform. Here are just some of the ways people are using ETN today:

 

  • Mobile airtime and data top-up
  • Prepaid electricity meter top-up
  • Everyday essentials like food and water
  • Taxi rides to local market towns

And much more...

For a full look at the thousands of ways ETN can be used, head over to our official directory, ETNEverywhere.com.

 

Benefits for corporates

 

The ETN App enables users to pay for products and services with ETN, including mobile airtime and data top-ups in more than 140 countries worldwide, as well as a growing number of utilities providers. With the AnyTask Platform, ETN users are starting to earn more via the digital economy. We understand it can be difficult to retain customers and find new ways of generating additional revenue, so why not start accepting ETN and begin to experience the benefits:

 

  • Increase customer acquisition, retention & ARPU
  • Reduce Vendor-to-Operator costs​
  • Improve Net Promoter Score (NPS​)
  • Drive vertical sales​ & generate new revenue streams​
  • We can integrate with your system, allowing customers to pay you directly

 

Benefits for retailers

Considered as a transformational shift in the way people buy and sell goods, our digital payments ecosystem provides a new way for your customers to buy your products. By accepting ETN, you are:

Associating yourself as a leader in your community by accepting a new form of digital currency

Increasing footfall for your business by attracting a wider range of customers who have access to ETN

Increasing the loyalty of your customers by offering acceptance of ETN before anyone else

Opening your business up to a wider global community by accepting ETN through your website

Reaching a potential new global audience of millions of ETN holders

Given the opportunity to become an ETN agent, thus increasing your revenue streams

Enable customers around the world to find your business with a listing on ETNEverywhere.com

 

 


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