Electroneum is a Layer 1 EVM-compatible blockchain and smart contract platform focused on financial inclusion and everyday digital payments for emerging markets. Electroneum uses a modified IBFT consensus with known validators to deliver 5-second blocks, instant finality, and low-cost ETN transactions while supporting Ethereum tooling and smart contracts via the Electroneum Smart Chain (ETN-SC).

Electroneum differentiates itself through its Proof of Responsibility model on the original ETN chain, which assigns block rewards to vetted NGOs and socially responsible entities rather than open mining. The ecosystem, including the AnyTask freelance marketplace and ETN Everywhere merchant network, benefits freelancers, unbanked users, and small businesses by enabling zero- or low-fee cross-border payments, gig work income in ETN, and accessible crypto-fintech services via mobile apps.