Essentia.one - decentralized platform for data management.

in #cryptocurrency6 years ago

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It's been almost three years since Ethereum was launched, but the community-created decentralized applications are limited to simple programs and games, with rare exceptions. Where are all the power of decentralization and thousands of apps? Is it possible that mankind ran out of imagination? Ethereum has a few problems.

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First, the decentralized Ethereum Machine executing the smart contracts code is too slow for mass use. Popular written on smart contracts simple game CryptoKitties-almost paralyzed network. The Ethereum team is constantly developing its brainchild, but for the real mass use of decentralized applications “world computer” isn't ready yet.

Secondly, Vitalik Buterin believed that it was enough to give the world the technology, and the community will start creating cool things. But the times of harsh programmers are in the past, and the ball is ruled by frameworks - software systems, for the rapid creation of apps from modules, without problems with low-level programming. The Ethereum virtual machine at the initial stage was like a personal computer without an operating system. It's cool to poke buttons and start simple programs, but to create something useful, you need an operating system and a lot of libraries. The flourishing ICO is a perfect example of how much the community needs high-level programming tools. After the creation of the standard ERC-20 and the appearance of cryptocurrencies patterns, ICO began to grow by leaps and bounds.

Ethereum develops and improves, but it does it very slowly.

Essentia.one is a Decentralized Platform of New Generation.

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The Developers Of Essentia.one went the other way. Instead of releasing the core technology, the team will launch a ready-made solution for high-level programming of decentralized applications. To simplify application development and collaboration, the platform is based on two main concepts.

  • The first is Entities, an encrypted container that stores data. This may be personal data, account information, an electronic document or a file.

  • The second is Synergies - the code that works with entities. Synergies- in fact, they are decentralized apps.

The ecosystem of the platform will be built from entities and synergies as from bricks.

The entities and synergies are stored in a decentralized database — blockchain, and the synergy code is executed by the masternode network. System mastered replace the mining mechanism, and without mining decentralized apps will work much faster applications on the Ethereum network. The reverse side of the speed will be a partial loss of system decentralization, but here one of the two — either full decentralization or execution speed.

Anyone can run masternode having 100 000 ESS tokens on the account. The maintenance of the node will be generously paid by ESS tokens. The fact that part of the network functions will spend ESS, which will receive the masternodes holders.

ESS tokens will be distributed on the ICO, details of which can be found on the Official website.

Summary.

The Developers Of Essentia.one decided to become a kind of Apple in the world of decentralized solutions — to take the best ideas and implement everything at a new level. The similarities with Apple add both the desire to create a holistic ecosystem and the plans to release hardware for the platform. The creators have every chance to blow up the market, because now there is clearly not enough simple solutions for the development of decentralized apps. Well, the hour is nearly upon us.

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thanks information, very useful friend

Very informative post ! Thank you

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The idea of the project sounds unusual. Essence, synergies. Interesting!

agreed! @alekseycrypto! thanks for reading me sometimes)

"Our data is under control!
"

This post is resteemed and upvoted by @bestboom

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Nice! You wonder which languages the platform will support?

Hello, @cambridgeport90 ! i don't know exactly, but i think many ;-) this will be multinational
platform,

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