[REVIEW] ICO EGRETIA — THE WORLD’S FIRST HTML5 BLOCKCHAIN ENGINE AND PLATFORM
About Egretia
Egretia is the world’s first HTML5 Blockchain engine and platform to create an environment of complete, open and friendly to developers programming Web, Games and Apps. Working in partnership with one of the world’s leading HTML5 developers, Egret Tech, Egretia intends to bring a secure, fair, secure and low-cost development ecosystem to the entire community. Developing HTML5 around the world. The vision of the platform is to bring 200,000 developers and 1 billion HTML5 Devices to the blockchain technology.
What is HTML5?
HTML5 is a powerful evolution of HTML, short for Hyper Text Markup Language. The HTML5 Technology is globally recognized, and it covers mobile games, the internet, advertising, video, and other industries. The technology has eliminated some of the bottlenecks such as performance and traffic compatibility that were common in operation of games. The cross-platform nature of the technology allows it to be used in different industries creating entirely new business models. HTML5 with the first version was formed in 2008 but until 2011 officially launched with the most modern technology.
However, at that time many browsers were not promptly changed to support it, so in fact at the time HTML5 was just the target that many Web design companies and browsers are aiming for but not into. Today, most popular browsers like Chrome, Firefox, Opera, IE …. Both support HTML5. That has created a great revolution for web technology.
HTML5 was released as a worthwhile upgrade to address the shortcomings of HTML4 with the following guidelines:
Less dependent on the plugin for functionality.
Scripting should be replaced with markup whenever possible.
Device independent (eg, available on all devices and provide the same experience for the user).
Announce the development process so everyone can see what’s going on.
HTML5 was born to solve the backlog of HTML4
With the advent of HTML5 along with new components and APIs that are slowly replacing technologies like Flash. For applications that require special graphics and motion effects, programmers can use Canvas with bitmap or vector-style SVG. In addition to the design of visual web pages, HTML5 is also used to create graphics libraries that help create graphical applications, games in both 2D and 3D environments, as well as desktop applications. .
What has HTML5 contributed to the gaming industry?
The most special benefit of HTML5 is “device independence”. The difference between programming languages and platforms is that many developers have to overcome. And HTML5 is the salvation of the problem. Synchronization in the HTML5 programming language has made the game experience simpler than ever. Users are now able to play games on their mobile phones, desktops or tablets without any problems. You just need to go to the most basic web browser on a smartphone or PC and enjoy your favorite game.
Since then, there are many HTML5 games appear, simply have that complex also. Gradually, as the new language is more cared for, the level of sophistication of the product is also increasing. One has tried to rewrite Quake II with HTML5, and the results are beyond imagination.
Limitations of HTML5
Although the rapid development of this technology and there are many significant improvements but HTML5 for the game industry there are some limitations as follows:
Lack of a global, unified and secure payment platform
Lack of solutions to securely store user’s virtual assets (such as weapons, armor, items, etc.)
Lack of mechanism to ensure the fairness of the game
Lack of effective protection mechanisms for intellectual property of HTML5 products
Needs effective mechanisms to motivate good teams to develop games and high-quality applications.
There are a variety of approaches to making money from internet commerce through HTML5
Egretia’s solution:
With the collaboration of the Egret technology that is a well-known global HTML5 technology service provider, the Egretia platform has set up the Egretia Blockchain lab that combines blockchain technology with HTML5 technology to create the world’s first HTML5 blockchain engine that is aimed to apply blockchain technology to vertical industries. It will bring together the egret technology 200,000 existing developers and the 1 million mobile terminal devices into the blockchain.
Egretia User Ecosystem:
Based on the amount of content provided by Egret Engine that has covered hundreds of millions of users, Egretia will create a single encrypted passport for each user, which will ensure the security, unique and safe for ecosystem participants.
Provides users with a high security digital wallet, which serves as a secure payment platform for all Blockchain HTML5 applications .
Creates tokens circulating in HTML5 projects around the world: Egreten.
Because of the transparency and irreversibility of the blockchain , as well as the unique passport of each user, throughout the content system built by Egretia, Egretia can accurately describe users, build systems Credit and users can securely communicate with other users in the world in Egretia, make friends and exchange virtual property, etc.
Building a sustainable and effective ecosystem for the user.
Technically, Egretia will have some improvements:
The blockchain function is designed in the form, integrated into the Egret Engine and front-end development tools, including more than 200,000 developers. Bring Egreten token into hundreds of thousands of games and applications, including more than 1 billion users around the world.
Integrate blockchain technology into a more reliable back-end service, using node servers around the world to deliver HTML5 products with fast communications solutions and reliable contract management server logic. .
Egretia will create a complete development kit, documentation and development community to provide the most complete, convenient and cost-effective ecosystem .
About operating the system:
Egretia has a world-class team of game distributors and applications through the existing Egret gaming platform with 40 million monthly active users, operating content that integrates the token billing system . Egretia to ensure the global circulation of Egreten.
Egretia has a well-established advertising platform to advertise games and products based on Egreten with strategic partners such as Facebook and Google.
The Egretia Features
Self-developed public chain
This public chain will be based on the delegated Proof of Stake consensus mechanism whose aim will be to optimize the HTML5 game performance. By use of the blockchain interface layer and the Egret engine tools, developers will quickly create blockchain-based DApps.
Consensus mechanism
The public chain on the Egretia platform will be using a delegated proof of stake as the consensus mechanism. This mechanism is similar to a board vote where coin holders will cast a certain number of nodes using the bookkeeping and verification mechanism.
High performance
The Egretia public chain will have concurrent processing power that allows for the optimization of performance for the needs of the game industry. It has fast transaction per second rate. With the use of the DPoS mechanism, scalability will be greatly increased making it possible for more than 2000 transactions to be supported in the initial test chain. The TPS will be increased in future in line with the business needs.
Real-time parameter adjustment
Egretia will be able to change the system parameters without bifurcation. The platform will change the parameters via voting which will be based on consensus.
Efficient and convenient development suite
The tools of Egret that will be used in the Egretia platform lays a solid foundation for the blockchain project. This will make the blockchain application development convenient, simple and efficient.
Token Egreten?
The Egreten Token is used throughout the ecosystem and in the following cases:
Developers use well-built tools + SDK to quickly develop products that use Egreten token as a payment medium.
Users can use Egreten to buy in-game items, pay for content, and so on
Users can use Egreten to participate in lotteries, discounts and other promotions on Egretia around the world.
The user can gain Egreten as a reward through participating in the crowdfunding of the game on Egretia.
Developers, content publishers can use Egreten to advertise on Egretia ads.
Distributors can receive Egreten through the distribution of content, advertising, etc.
Egreten electronic wallet is created based on the user’s unique passport, to securely store user’s virtual assets, crowdfunding rewards, platform rewards, etc.
Blockchain Egretia
The platform includes a blockchain- based development workflow , four core products and a technology incubator, providing comprehensive blockchainsolutions and services to players, content providers , channels and advertisers, and build a perfect ecosystem. And the whole platform uses the proven DPOS consensus mechanism of speed and stability by Bitshare, EOS, and LISK.
These products include: Blockchain engine, Game Engine, Trading Platforms, Advertising Platforms, Exchange Platforms and Storage.
The project is expected to create a separate blockchain but will also cover future blockchain ( Ethereum , EOS, …) and is considered a blockbuster ( BlockchainAs a Service) to serve the gaming industry. Egret Tech currently holds more than 75% market share in China. Egret Engine will provide the Egretia BaaS SDK, allowing easy access to the blockchain for all Egret games. Through the Egretia BaaS SDK, developers can create games on the blockchain or move the current Egretia game to blockchain easily.
ICO information
Token allocation
Total Amount 10,000,000,000 Egreten
Team 22%
Token Sales 5%
Ecosystem 10%
Foundation 5%
Team 22%
Strategy Partners & Advisors 10%
Ecosystem 10%
Stages of sale:
Phase 1 20,000ETH in total 1 ETH = 120000 Egreten
Phase 2 15,000ETH in total 1 ETH = 90000 Egreten
Team development
Egretia’s development team is strong and experienced in design and games. In particular, Edwin Chen, Founder and CEO of Egret Tech, has extensive experience in this market.
Development Roadmap
Comment
Game industry is developing fast and strong in the coming years are the premise for Egretia development. The chart below shows the trend of game development over the years is very strong:
The pace of development of the gaming industry in general …
… and the field of mobile gaming in particular.
Egretia is a partner of Egret Tech, a world-class game developer based in Beijing with several years of experience in the development of HTML5 based Game Engine. Currently there are over 200,000 developer and many partners: Microsoft, Xiaomi, Tencent …. So Egretia will have a big leverage to grow faster in the future as the customer base is already available. The experience is also great in the industry.
Whitepaper writes in great detail about what they will do to prove they have thoroughly researched the industry, and Q2-Q3 2018 will be releasing their own blockchain , proving they are well prepared for the plan. This business.
Experienced developers from major companies such as NVIDIA (Game Engine, Graphics, Qualcom, Adobe) CEO Edwin Chen of the project is also founder, CEO of Egretech will obviously have a very Lucas is the chairman of Cybermiles (CMT), also Alibaba’s Mobile CTO, Frank Lee is the CEO of GridSeed, the company that created the ASIC Litecoin Angel Investor of the world famous games, IOT, AR.
However, objectively, although China is now the leading player in the gaming industry, Game engine, but recently countries around the world have begun to shift to invest more in this industry, so it will be possible There is a fierce competition in the future leading to unpredictable profits. Moreover, the potential competitors in the trade business, advertising in the game has gone ahead have also had some successes such as GAMECredit, Refereum is also a factor to consider.
For more information, please visit the following sites:
Website: http://egretia.io/
Whitepaper: http://egretia.io/static/Egretia_White_Paper_V1.0.pdf
Medium: https://medium.com/Egretia
Reddit Page: https://www.reddit.com/r/Egretia
Instagram: https://www.instagram.com/egretia_io/
Facebook: https://www.facebook.com/Egretia.io/
Twitter: https://twitter.com/Egretia_io
Linkedin: https://www.linkedin.com/company/Egretia/
Telegram: https://t.me/KrypitalBounty
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1353936