Essentia platform - operating environment for combining blockchain applications

in #blockchain6 years ago

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The opening of venture financing through ICO served as a catalyst for the rapid start-ups development. The world was filled with ingenious developments of decentralized applications, offering a lot of ready-made solutions in financial engineering, logistics, forecasting, trading, design and many other areas.

Today it is difficult to find industries and areas that have not been affected by decentralization, but companies and users do not use or even do not know about most of the modern blockchain technologies capabilities. This happens for a variety of reasons:

  • The lack of a marketing program for many start-ups
  • Weak adaptation to the end user's needs
  • Scattering of interesting applications on various blockchains

The developers of Essentia have set a goal to solve the aforementioned problems, combining the most popular solutions and smart-contracts from Bitcoin, Ethereum, and many other networks into one platform, adapting their product to any Internet of things (IoT) devices.

All the blockchains lead to Essentia

The developers of Essentia implemented its operating system in the form of a light client that has access to a lot of blockchain systems and is connected with smart-contracts. The program quickly unfolds on any device due to the minimum stored data volume in its own distributed register, consisting of images of user-accessible networks and applications.

Features of the Essentia blockchain:

  • Scalability
  • Possibility to store personal data and secret keys for automatic identification in third-party programs, including the creation of a universal master key
  • Modular working process

Using the Essentia platform, the user can create unique business-solution configurations, combining and simultaneously integrating information from different networks. For example? there are already ready-made solutions for the insurance business, where transactions are performed using Omni add-ons for Bitcoin, and events are forecasted by the Augur application running on the Ethereum network.

The platform will be driven by ESS Token, which has a significant role, starting from the ICO fundraising to ensuring the stability of the network.

ESS Token - fuel and antispam at the same time

The Essentia project absorbed not only the best blockchain applications, but also original ideas for the domestic currency of the platform. Therefore, the startup cryptocurrency simultaneously plays a role of:

  • Antispam - the size and frequency of payment of services' fee is analyzed for abuse as well as repeated access to applications and resources to prevent DDoS attacks
  • Fuel - payment for transactions, the user pays for the resources involved in the smart-contracts' execution
  • The fees for renting the used blockchain space for reliable storage of any kind of data
  • Payment for third-party services in other networks
  • Internal currency for the application store
  • Fees for exchange office services

After a full-fledged launch, the Essentia platform will need support for the blockchain. Users who have allocated resources and deployed full nodes will receive ESS Token as a reward.

ESS Token investment potential

On the Coinmarketcap website, almost 11,000 cryptocurrencies and tokens are registered, so the main idea of the global conference Consensus 2018 is blockchain unification. This will not happen "by itself" because of teams' ambitions and their attempts to preserve uniqueness for the sake of financial interest in order to raise tokens' value.

The Essentia project is vital for the real implementation of blockchain solutions already found. Therefore, ESS Token is attractive for the following reasons:

  • Essentia's cross-platform capabilities
  • The availability of MVP - minimal finished product, integrated applications and ready-made business solutions (insurance business, reputation systems, verifiers, etc.)
  • Universal installation package and ability to work on any devices with minimal hardware requirements.

To participate in the Essentia ICO, register on the WEBSITE , add your contact information to the "white list", receive an e-mail and follow the instructions to purchase ESS tokens.

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Thank you for this great read! Would you also be interested in reviewing World Wi-Fi project?

excellent review!

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