How Can Essentia Solve The Current Blockchain Adoption Crisis?
There’s no doubt that the blockchain and all of the decentralized related products are going to change the way we think about society in the not so distant future. However, the current landscape is in a bit of a scramble right now, and rightfully so, as everyone is trying to get their product in front of as many people as possible. The Essentia platform aims to create a layer that unifies these products.
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A major hurdle that hinders everyone
The majority of data lakes and platforms are scattered all over the web and not in a decentralized, organized way. The current Internet has building blocks at its core, but there’s hardly any connections between them that make them work together.
With the advent of owning your digital footprint online and technologies that replace the current legacy systems, there needs to be a cohesive system that can organize these blocks into something more significant.
Essentia has the solution!
By creating a modular blockchain-based, interoperability layer we can finally tap into all of the blockchain’s capabilities to build exciting new products. This is not an easy feat to achieve, so the platform employs two main components, Essences, and Synergies.
Essences are data blocks that link data across multiple services. The owners can be companies, organizations or even groups that ultimately will create internet personas that can communicate with each other on the decentralized internet of tomorrow.
Synergies represent the underlying infrastructure that serves the entire operation. They link together platforms, modules, and resources to ensure a smooth interoperability flow. Developers will be able to weave these synergies to create a seamless experience for the users.
To make this platform work, a modular approach must be taken to add dApps, platforms and even wallets at the convenience of a single button. Scalable infrastructure is a must, that will be ensured through proprietary hardware that will enable a high throughput of data.
An unexpected advantage of the Essentia platform is the fact that users can retain the full ownership of their digital footprint online. Gone are the days where data brokers can sell your data to companies that exploit patterns.
More so, the ecosystem is built in such a way that it’s blockchain agnostic and it can operate with any device IoT or even from a CLI platform. Mostly, users will have access to one secure data block that can unlock the decentralized web potential.
Master nodes ready: a massive incentive for the masses!
Once fully deployed, Essentia will employ a master nodes architecture that will eventually create a network effect for the adopters while incentivizing them to lock up their coins for a master node. To create one, you would need 100 000 tokens; holders will receive a block reward every 10 seconds. They project at least 2000 master nodes to be built.While no details are available for the token sale date, a price has been set. 1 ETH will get you 15 000 ESS tokens.
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