July 2019 Electroneum forked to revolutionary new blockchain

Hi Everyone!

Super exciting news! We’ve just undertaken a successful fork to an improved blockchain model that we have developed called Proof of Responsibility. This model brings a new level of confidence, security and scalability required to achieve mass adoption.

We have developed our blockchain to:

  • Become one of the few cryptocurrencies that is insusceptible to 51% attack
  • Reduce our block reward (new coin emission) by 75%
  • Increase scalability, confidence and commercial viability
  • Speed up on-chain transactions
  • Involve relevant and influential Non Governmental Organisations (NGOs) in the Electroneum project.

With this development we have engineered two new blockchain processes; Proof of Responsibility and Moderated blockchain. Delivering all the benefits of decentralisation whilst adding new layers of protection.

(A 17 minute video version with even more detail is available here: https://youtu.be/OuhHKFRiuzw)


If you run a full node (i.e. if you are a technical user or an exchange) you need to ensure you download and use the latest software from our Github library (https://github.com/electroneum/electroneum).

If you are a mobile user – no action is required.

Proof of Responsibility

We have moved from Proof of Work (used by the majority of cryptocurrencies) to a new way of mining Electroneum that we call Proof of Responsibility. It is a decentralised network layer that is run by responsible global organisations operating in the developing world that have been qualified to participate. This achieves a number of things:

  • It means that the NGOs get the block reward and they will use it to help the same target people in the countries we are empowering with ETN this year.
  • A huge increase in the security of the ETN network via our highly trusted nodes makes us insusceptible to a 51% attack on our network.
  • Radically reduces power consumption of the Electroneum blockchain making it more environmentally friendly than most other cryptocurrencies. Our new blockchain runs on ONE MILLIONTH of the electricity that it took before!
  • It educates NGOs about the Electroneum project and furthers the legitimacy of all cryptocurrencies by making them valuable to influential organisations.

75% Block Reward Reduction

Each ETN block that gets added to the blockchain releases a block reward. This reward has been reduced by 75%. We had a very large block reward when we launched to encourage hashing power, but we no longer need that enormous hashing power as we’ve launched our new Proof of Responsibility Blockchain. This reduction in output increases the length of time that the block reward lasts for (like Bitcoin, ETN has a finite maximum supply). The remaining 25% of the block reward goes to the new miners on our decentralised layer (see below).

Moderated Blockchain (Additional Security via Highly Trusted Nodes)

We’ve changed the way our blockchain operates to hugely increase the security. We have created a new blockchain model called Moderated Blockchain.

Our moderated blockchain operates two layers:

Layer One: A decentralised layer where our trusted miners operate their mining servers and handle the ETN transactions.

Layer Two: A second layer of highly trusted nodes is operated by us (Electroneum) as a company.

People already trust Electroneum as a brand, they trust us with the instant payment system, the custodial wallet app system and with the KYC/AML system. This blockchain update utilises that trust to add a new layer of highly trusted nodes to the blockchain.

These highly trusted nodes passively monitor the blockchain for unusual or damaging activity and have the power to shut down that activity in seconds.

Video with more details

I’ve made a lengthy video that explains more about it here: https://youtu.be/OuhHKFRiuzw

Thanks for taking the time to read this message and for being part of Electroneum.

Have a great week everyone!

Richard Ells

Awesome update Richard!!!

Tyler from Quorra


Amazing update keep up the hard work! Onwards and upwards :zap:
:bow_and_arrow: :bow_and_arrow: :bow_and_arrow:


This is absolutely fantastic news! Well done Richard and team!


Interesting - so my ASIC Miner that I paid a lot for… I have to switch to another coin now?

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This is how you show the world , this is how to silence fear uncertainty and doubt.

I couldn’t sleep last night at 5:45am i was feeling a bit tired a bit tired lets say… then 6am a little bird appears on my notifications.


well im awake …

You knocked this one well out of the park !!!

Nice work… again did NOT see this coming…



I am out of words team. Sorry if i ever written anything bad. I regret that.

This is just phenomenal :rocket::rocket::crazy_face::crazy_face:


Wow! Congratulation!


What an excellent well thought out Fork, this is exactly what ETN needed.


you could try mining XRP…:upside_down_face:

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Good Morning and thanks for the update. on the outset it looks very promising and moves in a direction of distinguishing ETN from other projects.

My suggestion would be why not also try and get some Operators involved in the mining, apart from NGOs. Having them own a slice of the project would make them more involved, maybe they can even use the ETN earned to distribute them as incentive to their customers, say earn ETN when using Data on weekends, Or join us and we give you free ETN to use on our network type of offers.

All in all well done looks like an exciting Q3 coming for the project


I’m so upset - my emissions spreadsheet is useless now :stuck_out_tongue:

well done guys :slight_smile:


Great pace setting for crypto




Let’s wait what the FUDDERS are finding in a negative way… im sure they wil think this update is crap!

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Very exciting stuff—Congratulations Richard and Team! Onwards and upwards :clap::clap::clap:!


Like I said in the previous notice of the update…NOTHING SHORT OF AMAZING!! Thank you, ETN team!


It’s very good. I don’t like monopolies. It makes me feel that I have to have a digging machine. But for etn, it is good that the old computer can dig.

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Thank you very much for the update and I can’t say how excited I am. An absolutely incredible upgrade & I hope everyone sees how major it is. The security is incredible which will attract tons of businesses the world over.

This is truly such a significant upgrade and I want to say job well done to the entire ETN team for all your hard work. You’re truly stepping above the other cryptos with the path you’re taking. In my opinion you’ll absolutely be the first to mass adoption. Today just further showed how hard you’re working to achieve that goal. Everything included in this upgrade is fantastic and will play a huge role in ETN’s future success, all around another huge piece of the mass adoption puzzle just got put into play.


Wow! :exploding_head::exploding_head::exploding_head:

Talk about putting your money where your mouth is! While other projects claim to be helping the unbanked, ETN is actively doing it. Taking power away from the 99% of the crypto space and giving it to the charities and NGOs that work directly with them. Directly supporting the organizations that are actually in the target areas will make all the difference.

That’s bold.

Well done team! :+1::+1::+1: