Electroneum

Electroneum is a cryptocurrency and blockchain project launched in 2017 by Electroneum Ltd, a United Kingdom–based company led by CEO Richard Ells. The project aims to provide an accessible digital payment solution for mobile users and for people without traditional banking, emphasizing simplicity, low fees, and broad usability in developing markets.

Technically, Electroneum is based on a CryptoNote–inspired blockchain. It employs a proof-of-work–style consensus and prioritizes lightweight clients and a mobile-friendly experience. A distinctive early feature was a mobile mining capability offered through a dedicated app, allowing users to mine ETN on their smartphones. The project provides official mobile wallets for Android and iOS to store, send, and receive ETN, and it aims to support fast microtransactions with relatively low fees on its network.

Electroneum has pursued partnerships with merchants and service providers to enable ETN-based payments and top-ups in various regions. The ecosystem targets unbanked and underbanked populations by offering a user-friendly gateway into digital value transfer and inclusion initiatives. ETN is the native token used within the network for transfers and merchant settlement, serving as the medium of exchange in the ecosystem.

The project has faced the volatility and competition common to cryptocurrencies and has undergone multiple updates and roadmap adjustments over the years. Electroneum continues to maintain development and community channels, with ongoing efforts to broaden adoption and integration in emerging markets.