Electroneum is a blockchain platform that offers several unique features and services: - Blockchain Technology: Electroneum is a Layer 1 blockchain that is compatible with the Ethereum Virtual Machine (EVM). It provides fast transaction speeds of 5 seconds, instant finality, and low smart contract fees. The network uses the IBFT consensus mechanism, which is supported by known validators, ensuring it is fast, secure, and energy-efficient. - Native Cryptocurrency (ETN): The native cryptocurrency of Electroneum is ETN. It is used to facilitate transactions on the network, including paying for transaction fees and as a medium for various functions such as DeFi collateral, NFT transactions, and payments for goods and services. - Proof of Responsibility (PoR): In 2019, Electroneum transitioned to a permissioned network using the PoR algorithm. This involves selected NGOs serving as validators, who use block rewards for charitable activities. The network supports decentralized transactions with privacy features like stealth addresses and KYC compliance. - AnyTask Platform: Electroneum powers the AnyTask platform, which allows freelancers to offer digital services globally without traditional banking. Freelancers can earn ETN as payment, which can be used in over 140 countries. This platform provides financial inclusion for those without bank accounts. - ETN App: The ETN App enables users to earn ETN by selling digital services on the AnyTask platform. It allows for fast, low-cost payments, storing ETN in an online wallet, and managing funds securely. - Tokenomics: Electroneum has a maximum supply of 21 billion ETN tokens, distributed as follows: 37% for pre-mined ETN rewards, 33% for mining, and 30% for the initial coin offering (ICO). - Partnerships: Electroneum has partnerships with platforms like AnyTask, Ankr, Umbria.Network, and Chainspect. - Social and Community Presence: Electroneum maintains an active presence on various social media platforms, including Facebook, Instagram, Twitter, and YouTube. They also have a community forum and a presence on Reddit. Electroneum aims to provide access to the global digital economy, especially for people in emerging economies, by leveraging blockchain technology. 🧠 Powered by IQGPT.com
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