Essentia - A Modern Framework For Data Management!
https://essentia.one/
Essentia is a new platform for decentralized data management that is also modular and interoperable. This can sound a bit confusing to people who are just reading about it for the first time. Keep reading for a simplified explanation about the Essentia platform and its features.
Essentia is made up of two main ideas which they call Synergies and Essences. To explain Essences, an individual, organization, or business owns their data which is linked between multiple services. This data can be made to work across services by linking with smart contracts, permissions, and sub ID's. Synergies are what allow the various resources and platforms to work together. Synergies can be thought of as connective tissue between services. Developers can then build applications on the Essentia platform for users from around the world to use.
Here are some additional important features of Essentia. The framework of Essentia will be easily expandable. It will make adding additional apps and features simple with a few clicks. Essentia is also capable of being highly scalable and supporting many users at the same time. One of the most important features is that each user retains full ownership of their data at all times. Data and privacy are increasingly important in today's world. This lets you regain some control of that data. Essentia can also support multiple types of devices and has support for multiple blockchains such as Ethereum, Bitcoin, and more. It is also quite simple to access multiple applications because you only need one seed to unlock them.
Some of the possible applications of Essentia include KYC registrations, seamless password logins, GDPR compliance, and many more. Another interesting thing about Essentia is that they will be using masternodes. This allows large token holders to earn income from block reward payouts. Find out more about this great new company by visiting the following links.
whitepaper: https://essentia.one/whitepaper_draft.pdf
telegram: https://t.me/essentia_one
announcements: https://bitcointalk.org/index.php?topic=2704531.0
bounty ambassador program: https://bitcointalk.org/index.php?topic=2997600.0
my bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1420457
incredible project !
Another great article from you! I really like this application of blockchain. Anything that puts control of my data into my hands is a great thing. Looking forward to using this once it is released!