Essentia: an innovative data management on the blockchain

in #ico6 years ago

Essentia eng top.PNG

Essentia is a decentralized platform (framework) for data management. Developers want to give each user, company, or device full control over all their data.

At the heart of the framework lies the idea of ​​Essence - a protected digital container with the "electronic life" of a person - all of its information and digital assets.

Essentia will work on any device in any operating system and with any blockchain, for example, the Essentia wallet will support simultaneously BTC, ETH, IOTA, and many other cryptocurrencies. Essentia will also be integrated into all popular decentralized mobile applications.

In addition, the developers intend to release their own decentralized operating system ESS-OS and a whole line of devices:

  • ESS-Keyware is a device the size of an ordinary USB flash drive which will allow the user to login and gain access to his Essence on any device connected to the Internet.
  • ESS-Eggs: computers with open architecture that will run on the ESS-OS operating system. They will be optimized for work with the blockchain, and they will be able to perform any tasks that put before personal and corporate computers.
  • ESS-Sense: modules that allow you to connect to the Essentia platform any peripherals.

Own devices and ubiquitous integration of the framework will create a full-fledged "Internet of things" and use Essentia in almost any field of activity and for any task: from convenient management of cryptocurrency assets and quick identification to automation of any business. For example, renting a house: if the tenant has missed the payment then the "smart lock" on the door simply will not open.

At the same time, access to all information, assets, and services of the user will be provided through a single seed-phrase.

The token of the Essentia Framework (ESS) is released on the blockchain Ethereum and complies with the ERC-20 standard. The initial cost is 1 ETH for 15,000 tokens. Hardcap ICO - 31.9 million dollars.

46% of the tokens will be sold during crowdsale, 18% will remain at the disposal of the team, 5% will be issued to bounty program participants, 10% to advisers, and 11% to be frozen as a reserve. Another 10% of the tokens will be mined by the masternodes using the Proof-of-Stake algorithm for 7 years after the launch of the framework.

Essentia is an extremely ambitious project which subject to its full implementation can outshine everything that has been achieved in the field of blockchain technologies today. The authors of the project intend to transfer almost everything: from their cryptocurrency wallets to GPS-navigators, and in the long term to create a distributed world computer, a decentralized operating system, and a full-fledged "Internet of things."

In fact, the implementation of the Essentia project will mean a radical change of the whole world around us.

To learn more about the details of this project as well as to participate in the purchase of platform tokens visit the official website https://essentia.one/ and read the whitepaper: https://essentia.one/whitepaper_draft.pdf

The official group in Telegram: https://t.me/essentia_one

Also, you can find a lot of useful information on the bitcointalk forum (ANN thread): https://bitcointalk.org/index.php?topic=2704531.0

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