Back to Organizations
Electroneum
Electroneum is a Web3 project featuring a lightning-fast, low-cost, EVM-compatible blockchain. It is designed for real-world applications, particularly in emerging markets, offering features like 5-second transaction finality and significantly lower fees than Ethereum. The platform is built for developers to create utilities, dApps, and games, with a focus on sustainability and security through a trusted validator network.
Distributed
Description
Electroneum 2.0 is a fast, reliable, and EVM-compatible Layer-1 blockchain designed for real-world impact and practical development. It aims to provide a lightning-fast, low-cost platform for building the future of Web3. Key features include 5-second transaction finality, cost-effective fees (less than 0.1% of typical Ethereum fees), and a sustainable infrastructure that is 99.9% greener than Proof-of-Work models. The consensus mechanism is built around trusted validators from NGOs and universities, providing strong security against reorgs. Electroneum supports Solidity and other Ethereum-based tools, allowing developers to deploy smart contracts with minimal configuration. The project has been recognized for its innovation and social impact, including being a founding member of the Digital Pound Foundation and receiving the Social Impact Project of the Year award from Crypto A.M.Grant Funding
VC Funding
None
2017
$0
$40M