Electroneum Classic

Decentralized, Fast, Anonymous


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Description

Fast and Anonymous

Imagine combining speed with financial anonymity. Low transacton fees and fast confirmations make micro-payments a breeze. No censorship and no governing body.

No 60% Premine

Electroneum had a 60% premine on block 1 of 12.6 billion. Electroneum Classic launched with a fair start.

See for yourself

VPN / Socks5 Miner

We eliminated the simulation miner due to accountability issues. Instead we will release a bandwith miner that earns ETNC by mining using your ip and bandwith.

Download Alpha

About

What is Electroneum Classic?

It takes Electroneum v2.0.0.0, which is pre-hardfork back to ASICS, and improves it. We added Zawy LWMA2 difficulty algo to prevent hashrate fluctuations and make 51% attacks much harder. We are sticking to CryptonightV7, with a custom variant of cryptonight a future possibility if new threats arise.

  • CryptonightV7
  • 60 second block time
  • 21,000,000,000 total supply
  • Zawy LWMA2 difficulty algorithm
  • Bandwith Mining

What is wrong with Electroneum?

Electroneum had a 60% premine of 12.6 Billion coins, with a total supply of 21 Billion. This is clear dishonesty and there is about ~7 billion unaccounted coins (mined to an untraceable wallet in block 1) from what was stated in their ICO. The current circulating supply is not 7,309,891,787 ETN as coinmarketcap states but it is ~14.9 billion.

  • Dishonest to ICO investors
  • CoinMarketCap is in on it
  • Unrecoverable financial situation
  • Price manipulation
  • ETN will never go above 0.01$ USD when 60% is controlled by 1 person
  • 60% premine messed up emission curve, making it like 90% premine
  • Mobile miner emissions are way too low (~7 billion ETN will feed it for 18 years)

Electroneum Classic blocks reward you with ~18,000 ETNC per block currently. On Electroneum the block reward at the start of the blockchain was ~8,000 ETN, now its around ~6,000 ETN. Dont forget ETN has 120 second blocktimes after their recent hardfork, so divide the emission by 2 to get the equivalent to a 60 second block time chain. This is a huge scam, you take a 60% premine, and as a result, the emission curve gets all messed up, making it 2.25x harder to mine. Meaning your 60% premine is much larger, as others cannot take advantage of the easy emissions for being an early adopter.

Use Cases

We want Electroneum Classic to become the go to for private and fast transactions. Paying for a coffee, transferring a large balance or even paying for a VPN should be possible within minutes with full privacy.

  • Less than 0.01$ transaction fee
  • Fast first confirmation, about 1 minutes
  • Private and Anonymous, CryptoNote technology
  • You can buy a Socks5/VPN with it

Comparison

ETNC ETN
Algo CNV7 (GPU) CN (ASIC)
Block Time 60 seconds 120 seconds
Difficulty Algo LWMA2 Monero
Total Supply 21 Billion 21 Billion
Alternate Miner Bandwith Simulation

Roadmap

2018

September 2018

Integration (Socks5/VPN)

Exchange Listing!

December 2018

VPN Mobile App

2019

Q2 2019

Fastest CryptoNote coin

Decentralized VPN

Q4 2019

Instant Payments

2020+

We are on track currently to release the bandwith mining app.

Questions? Join us on Discord

Socks5 / VPN

Electroneum Classic will allow you to earn ETNC by bandwith mining.

The process is very simple and is done by running the app, which will be available for Windows, OSX, Linux, Android. When you run the app you opt in and decentralize the network by allowing others to buy your bandwith, for this you will be compensated by the seller in ETNC.

You also will eventually have the option to run a supernode which is the match maker between buyers and sellers, providing services like match making, NAT holepunching, and settling. For participation a supernode takes 10% commission.

Visit the Supernode Explorer