Exchange Electroneum

Electroneum is a mobile phone-based crypto platform with an instant payment system. It provides access to worldwide marketplaces even for users that don’t have a bank account. It allows fast crypto transactions with minimal fees. Different from the other projects, it aims to bring easily accessible cryptos to smartphones. 

Originally the project was built using the Monero database and based on the gambling and gaming industries, but the goal switched to instant payments soon after, and in 2019 Electroneum migrated from Monero to the moderated proof-of-responsibility blockchain to focus on delivering as good as possible payment services. 

On September 30 2021 Electroneum blockchain was updated to V10 bringing new features such as switching to public transactions, a 75% block reward reduction, and a new technology for instant wallet synchronization and future smart contracts. It also became one of the most secure blockchains, being insusceptible to the 51% attack. 

The project was formed in July 2017 and launched in September 2017 by Richard Ellis, an entrepreneurial marketer dreaming to be a coder. He also owns Retortal, a social media marketing platform for direct-selling businesses and SiteWizard digital agency. 

Ellis believed in the crypto future of world finances and wanted to make it easier to understand for everyone so more people can benefit from the blockchain. Right after the launch Electroneum exchange tokens (ETN) were made available for Initial Coin Offering (ICO) that is still recorded as a record ICO by the number of participants (115K+).