Electroneum cryptocurrency (ETN) is an anonymous cryptocurrency that operates on its own blockchain, which is based on the Bytecoin cryptocurrency blockchain.
The Electroneum cryptocurrency was launched in 2022 by a team of developers led by Richard Ells, who wanted to create a cryptocurrency for the smartphone market, and more specifically for the games and applications used on these devices. But the creation of the Electroneum cryptocurrency began back in 2016, but due to lack of funding, the cryptocurrency could not appear faster.
In 2022, the team held an ICO and raised money for the development of projects, but after a while a problem arose again, which was the name of the project. Initially, the project had the working name Electron, but it was impossible to use it due to the presence of a project on the market with the same name. After short meetings, the developers decided to change the name to Electroneum, which we now see.
About the coin
The coin was created in order to cooperate with all mobile operators in the world. At the moment, the developers have entered into an agreement with several mobile operators from different parts of the world. Some of them have more than 100 million users.
Each user of the mobile network with which ETN cooperates can pay for mobile services and also mine coins using their Android phone.
The goal is to conclude an agreement with all mobile network operators in the world, thereby attracting smartphone users to the digital economy. Become a single world currency for paying for mobile communications, and also be an electronic currency for purchasing/paying for goods or services.
Note that there are currently more than 2 million ETN users registered worldwide.
Platform Products
The project developers claim that they already have many working products and platforms.
Products that have already been developed, completed and tested include:
- Electronoid circuit
- A wallet based app that allows someone to access Electroneum with zero technical skills or crypto experience
- An app-based development system that makes it easy for non-technical people to get Electroneum
- Creates an offline wallet that allows you to create a completely secure, no-load offline wallet
- Windows Wallet
- Windows miner where you can leave your computer to mine more coins at home or office
- Mining pool software (Electroneum runs this software to make development easier, the software is open source and allows users to create their own pools)
- Blockchain explorer (used for payment verification and open source blockchain verification)
- Third party payment API used to allow third parties to accept Electroneum or pay for an electricity line
The project's electronic document outlines long-term goals for the cryptocurrency based on the amount raised.
Development team
The project development team is completely open access. Please note that each participant in the project has real names (not nicknames) and live photographs. Most of them have links to the popular site “linkedin”, which, unfortunately, is blocked in Russia.
The team includes 21 members and the dog Ruby, who is called the project’s mascot.
Richard Ells is the founder. He co-founded the successful digital agency SiteWizard. Founded Retortal.com in 2013.
Chris Gorman OBE is an entrepreneur with a rich background in mobile, music, e-commerce and more. He has received numerous business awards including Ernst & Young UK E-Business Entrepreneur.
Jurgita Rhodes - experience in B2B, B2C, Fin Tech Digital, Media, News, technology, consulting and much more. She is the Chief Operating Officer of Electroneum.
Nick Cook is ETN's Chief Commercial Officer. He has 20 years of experience in the automotive, manufacturing and technology industries.
Conor Doyle is the project's marketer. Works in the advertising industry for more than 10 years.
James Atkinson - leads the Electroneum development team. James is also one of the developers of the "hands on" and "go to guy" app for Electroneum.
Barry Last - developers. Proficient in: CMS, CSS, XHTML, Apache, JavaScript, HTML, Subversion, XML.
Adam Atkinson leads Javascript development at Electroneum. He has extensive knowledge of cryptocurrencies and works alongside exchanges that list Electroneum to provide them with the support they need.
Dean Cole is responsible for the development and maintenance of the project.
Chris Harrison - joined the ETN team as a core blockchain developer with a passion for financial technology and startup business development.
Andre Patta – joined the team as one of the blockchain advisors specialists. Online manager and community member.
Ben Whomsley is the head of UI/UX and is responsible for developing the website, Electroneum app interface, PDFs and manuals.
Costin Cristoi is a valuable member of Electroneum's application development team and is responsible for UI/UX integration and implementation. He has extensive experience in user interface design.
Robert Hopkins - graduated from the University of Kent with a degree in cryptography. Rob works with the development team, focusing on cryptography and security.
Terry Hunter - He works with the Electroneum development team, focusing on server applications.
Imogen Dale is the Head of Social Media. She monitors, analyzes and responds to community feedback.
Barbara Southwell has worked with Richard for over 17 years and has a degree in business management. She gained a wealth of knowledge in management, organization and marketing. Involved in training new staff.
Taylor Gorman - works with clients and partners in the business development department as a development manager.
Lisa – Works with helpdesk and social media groups to provide information, help and guidance to the community.
Sabrina – Provides customer support through social media and helpdesk. Sabrina represented Electroneum at the GSMA Mobile World Congress in Barcelona.
Bee - Works with the customer service team and provides customer support on social media. Bee works closely with the developers and marketing team to monitor user feedback.
Ruby the dog, Electroneum's mascot, provides the entire team with love and affection.
Story
Electroneum has quite a long history. Its ideological inspirer, Richard Alice, first became acquainted with cryptocurrencies in early 2015, when he bought bitcoin.
By the middle of that year, he assembled a team and began developing a new cryptocurrency.
In August 2016, the founders based their brainchild on new improvements to the Cryptonote algorithm, which were introduced by the Bytecoin cryptocurrency.
By September of the same year, the decision was made to focus on smartphones. At the same time, the cryptocurrency was first named Electron.
In 2022, the founders collected initial investments to launch the cryptocurrency and renamed it. The apogee of development was the ICO held in September-October, at which they managed to raise more than $40 million for the development of their idea. During the ICO, more than 6.3 billion ETN were released into free circulation.
go
Road map
July 2022:
- Creating a Project
September 14, 2022:
- Start of ICO. The approximate end date is November 1, 2022. The planned ETN price is $0.01.
October 20, 2022:
- Early closure of ICO. $40 million raised.
November 1, 2022:
- HackerOne has begun a security audit of Electroneum.
December 12, 2022:
- An agreement was signed with Hong Kong Joy Telecom Co., Limited, due to which the audience grew to 2 million users.
December 13, 2022:
- Official launch of the ETN wallet and launch of the Android application with support for up to 20 languages
End of 2022
Goals for 1st quarter 2022:
- 1 million online users
- Reach up to 100 million users
- Access to major exchanges
- Development team expansion
- Launching a mobile miner
January 9, 2022:
- An agreement was signed with Xius
January 11, 2022:
- Beta testing. Launching a mobile miner
January 17, 2022:
- The first GSMA cryptocurrency. Participant at Mobile World Congress 2018
January 18, 2022:
- An agreement has been concluded with Effortel
January 19, 2022:
- Negotiations with the HitBTC exchange
January 22, 2022:
- 765,000 online ETN users.
January 31, 2022:
- An agreement has been concluded with redONE
February 7, 2022:
- An agreement was concluded with WEBS AND APPS SDN BHD
February 23, 2022:
- An agreement has been concluded with Xius
February 27, 2022:
- Participation in Mobile World Congress 2018
March 5, 2022:
- Mobile miner for Android
March 13, 2022:
- Entering the KuCoin exchange
March 16, 2022:
- Entering the Bitbns and CoinSpot exchanges
April 6, 2022:
- Patent for the technology of instant cryptocurrency payments. Approved (1805708.3)
May 29, 2022:
- Online more than 1.5 million users
May 30, 2022:
- Blockchain network update
June 7, 2022:
- Working on a film about cryptocurrencies
June 12, 2022:
- The founder of the company speaks at the BCI Summit
June 15, 2022:
- An agreement has been concluded with Mobile Streams
Future plans of the company:
- More than 3 million online users
- Community app
- Creating a directory
Electroneum (ETN) wallets
You can create a wallet on the official Electroneum website https://my.electroneum.com/register; for this you will need a main and backup email, as well as confirmation from your phone via SMS.
You can also create a wallet directly on the exchange; the only exchange where ETN coins are currently traded is Cryptopia. Let's look at how to open a wallet in detail.
It’s easy to create a wallet on this exchange; first, in the upper right corner we find the Bitcoin logo (if you hover over it, the inscription “Balances” will appear).
After clicking, a list of cryptocurrencies and a search panel will appear, so we enter the name of the coin there.
Then click on the green arrow and the following window appears:
How to mine?
The coin works on the CryptoNight algorithm and is mined using ASICs, which means that mining this coin is impossible on video cards.
In order to start mining this coin, you need to buy special equipment - an ASIC. But remember that the ASIC of one model is designed for only 1 algorithm.
Note that ETN has repeatedly changed its algorithms throughout its life, and previously it always moved away from ASICs and only supported mining on video cards and CPUs.
Mobile mining
You can also mine coins using your smartphones running Android OS.
But even on powerful modern smartphones, you will spend pennies, the phone will discharge tens of times faster. In fact, such mining is not even for a power outlet.
Another disadvantage is that the phone heats up, which is not very good for it.
It’s up to you to decide whether to mine or not using smartphones!
The essence of the Electroneum cryptocurrency and its advantages over Bitcoin
After reading the first section of our article, you are unlikely to have a clear picture of what exactly the Electroneum cryptocurrency is for, so here we will try to reveal the phenomenon of the cryptocurrency in question. But calling this a phenomenon is not entirely correct, because in essence Electroneum does not contain anything supernatural, it is simply a cryptocurrency for making payments in mobile games and applications. Electroneum is currently supported by both Android and IOS.
The Bitcoin cryptocurrency has a limited supply of 21 million coins, which greatly splits the Bitcoin coin into satoshis, and we see very inconvenient quotes. Electroneum cryptocurrency is limited to 21 billion coins, which allows only 2 decimal places, just like fiat currency quotes.
Mining the Electroneum cryptocurrency is very simple and accessible; even people who do not have powerful computers can do it. You can mine Electroneum even in the background of your computer. But there is another distinctive point, which is as follows. Since Electroneum was created for use by smartphones, its mining is possible through a “pipe”. Interesting, isn't it? Imagine what it would be like if Bitcoin could be mined via a smartphone.
The speed of transactions of the Electroneum cryptocurrency is also its distinctive feature. But in addition to speed, Electroneum transactions can be made directly between mobile applications or games.
Where can I buy?
Electroneum cryptocurrency can be traded on the following exchanges:
| # | Exchange | Pair |
| 1 | Kucoin | ETN/BTC |
| 2 | Liquid | ETN/BTC |
| 3 | Kucoin | ETN/ETH |
| 4 | Systemkoin | ETN/BTC |
| 5 | HitBTC | ETN/BTC |
| 6 | Systemkoin | ETN/USD |
| 7 | Bitbns | ETN/INR |
| 8 | Liquid | ETN/ETH |
| 9 | TradeOgre | ETN/BTC |
| 10 | Liquid | ETN/EUR |
| 11 | HitBTC | ETN/ETH |
| 12 | CoinBene | ETN/BTC |
| 13 | HitBTC | ETN/USDT |
| 14 | Cryptomate | ETN/GBP |
| 15 | Systemkoin | ETN/TRY |
| 16 | Coindeal | ETN/BTC |
| 17 | Liquid | ETN/QASH |
