Four Reasons Why Essentia Could Disrupt The Current Blockchain Landscape!

in #blockchain6 years ago

The most significant hurdle that most blockchain related products face right now is interoperability. The ability to scale and use blockchain ecosystem or Dapps in an interconnected way would genuinely revolutionize and bring more exposure the currently developed products.

The role of Essentia is to bring them together by creating a layer on top of the existing infrastructure that will facilitate the communication between protocols and ultimately benefit all involved parties. Here are some reasons to not ignore Essentia in the following market cycles:

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1. The interoperability and data management ecosystem

The Essentia ecosystem creates a modular distributed data management framework where “Essences” will act as data containers that can bridge up multiple services. Companies, groups and even individuals can efficiently create internet personas by employing Smart Contracts, subIDs, and permissions to their technology stack.

Thus developers can build products on top of these links and users can pay for more transparent and efficient applications that use the Essentia framework. There’s also a distinct advantage to using a decentralized structure in contrast to a single point of presence.

2. Master nodes: a pivotal segment that will enable the network

Once deployed, Essentia will implement the master nodes architecture where 10% of the total block reward will be awarded to the master node holders. To create an Essentia master node the holder is required to purchase 100 000 tokens and lock them up in the framework. The block occurrence frequency is one block per 10 seconds.

3. The ESS-ID or the identity core of the ecosystem

Will enable Essentia holders to leverage multi-signature features that at the logical level contains a Root-ID and a cryptographic master-key that will allow the management of multiple Sub-IDs with their subsequent levels of operation. The innovation of ESS-ID is that it can be owned and controlled by a bot, human Smart Contract or even IoT device, opening up a wide array of possibilities.

4. The ESS-EGGS: the hardware solution for running the Essentia platform

ESS-EGGS are the open-hardware solutions that are tailor-made to support the ESS-OS, and it’s dependencies. While somewhat affordable their capabilities are not to be taken lightly. Being Power-efficient they will be able to run high-frequency multi-core CPUs and support the Essentia ecosystems’ operations. These devices will be crucial to ensure a reliable hardware dedicated layer that executes the core features of the platform securely.

So there you have it! A substantial project that has a strong foundation by taking care of the software, hardware and blockchain levels as an integral body. The crowd sale date has not been announced yet but the symbol of the token will be ESS, and it’s going to be based on the ERC20 architecture.

For 1 ETH you get 15 000 ESS tokens. 46% of the total token mass will be distributed during the sale while the rest of the 54% will be reserved for future developments and the ramping up of the core ecosystem features. Visit Telegram and ANN/Bounty Thread for more information.

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