Electroneum (ETN)
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About ETN
Electroneum (ETN) is a Layer 1 smart contract platform originally launched as a Monero fork in 2017 and reengineered into an EVM-compatible blockchain through its Smart Chain 2.0 upgrade. Designed for ultra-low-cost microtransactions, ETN powers payments, DeFi, NFTs, and on-chain services across a global network of mobile-first users. With partnerships in over 160 countries for airtime and data top-ups, and a history of pioneering KYC integration and mobile 'mining' UX, Electroneum has reemerged as a developer-friendly, low-fee blockchain for both consumers and builders. Its Smart Chain uses a proof-of-authority IBFT consensus, burns base gas fees to counter inflation, and offers a scalable environment for Web3 and metaverse-ready applications.
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Frequently Asked Questions about Electroneum
What is Electroneum (ETN)?
Electroneum is a Layer 1 blockchain project that began as a fork of Monero and has since evolved into a fully EVM-compatible smart contract platform. It focuses on mobile-first payments, low-cost transactions, and real-world utility.
What blockchain architecture does Electroneum use?
Electroneum’s Smart Chain is based on IBFT consensus with known validators, offering sub-second confirmations and 5-second finality. It's EVM-compatible and designed for high-throughput applications like dApps and micropayments.
What can ETN be used for?
ETN is used to pay gas fees, access dApps, collateralize DeFi loans, and make payments on platforms like AnyTask. It's also the currency for micropayments such as airtime top-ups and services in developing regions.
How does Electroneum support micropayments?
The network’s ultra-low transaction fees, often just fractions of a cent, make it ideal for microtransactions that aren’t practical on high-fee blockchains. This includes tipping, small-scale e-commerce, and IoT use cases.
How is ETN deflationary?
ETN incorporates a base fee burn mechanism. Every transaction burns a portion of the gas fees, helping to offset block reward inflation and applying long-term deflationary pressure.
What wallets support Electroneum?
ETN can be stored in Electroneum’s official mobile and web wallets, as well as EVM-compatible wallets like MetaMask, Trust Wallet, and Rabby. Hardware wallets like Ledger and Trezor can also be configured via MetaMask.
Does Electroneum support smart contracts?
Yes, its Smart Chain is fully compatible with Solidity and other Ethereum tools. Developers can deploy DeFi, NFT, and Web3 apps using familiar EVM infrastructure and tooling.
What are some of the key apps on the Electroneum chain?
Notable projects include ElectroSwap, AuditFi, ETN Buddy, and ElectroPlay, many of which have emerged from hackathons and showcase on-chain innovation using ETN.
Is Electroneum suitable for developers?
Yes, Electroneum provides robust documentation, JSON-RPC endpoints, SDKs, and APIs. Its support for Ankr-powered RPC and compatibility with MetaMask simplifies dApp development and deployment.
Where can I trade ETN?
ETN is available on centralized exchanges like Biconomy, KuCoin, MEXC, Gate, HTX, and CoinEx. Liquidity varies by platform, but ETN/USDT pairs are the most widely supported.
What is the difference between ETN’s original blockchain and the current Smart Chain?
The original Electroneum chain was based on the Monero codebase with privacy features and mobile mining. The current Smart Chain is a new EVM-compatible network built for scalability, smart contracts, and ecosystem growth.
Does Electroneum still support mobile ‘mining’?
While the original app featured a simulated mining experience that acted like an airdrop, this feature has since evolved. Today, users engage via apps and wallets that interact directly with the EVM-based Smart Chain.