Essentia: Future of decentralized Data management

ollivander7 (46)in #ico • 6 years ago

Introduction:

We all talk about the facts and the statistics but do we actually know what they are? Facts are defined as the universal truths and because they are universal truths so they cannot be denied. For instance, Sun rises in the east but settles in the west and dog barks while the birds chip are all the universal truth which cannot be denied and thus are called facts. We cannot say that the bird barks while the dog chirps or the sun rises in the west and settles in the east because the same doesn't happen. So, facts are the universal truths while the statistics is the graphical representation between two terms which can be related via equations. Statistics is a branch of the mathematics which deals with analysis, collection, presentation, interpretation and organization of the data in the form of the graphs.

The collection of these facts and statistics is known as data. Nowadays, we deal with large amount of data and it is essential to store the data for the future needs or the reference. For storing we have the storage devices RAM, ROM etc. But other than storing we also have to manage the data. And for that we have, Essentia which the best block chain data management framework.

Solutions Offered

There is a need of managing the data in the present era because of its increasing size. The same needed as a reference in future. . And for that we have, Essentia which the best block chain data management framework. Essentia is a stage which ensures us to boost the future of the decentralized data management. By the word decentralized, we mean a type of organizational structure in which day to day operations and daily responsibilities are delegated by the management level accordingly and allowing top to focus more on the decision making process. Decentralization of the data is important as it acts as a modular platform to provide complete ownership and control over the data's such as wallets, assets by the users worldwide.

The various features provided by the team to the users are as follows:

Multi- chain and Multi- device function: Essentia is capable enough to support various block chains including Ethereum, Bitcoin and many more.
KYC and GDPR by default: The same is done for the security reasons. It allows easy verification without risking the data or the privacy. It is beneficial for both, the company and the user.
Scalable: Essentia is capable enough to support millions of users worldwide at once.
Modular: The framework provided by the Essentia is expanding to fit the growing decentralized life of the users worldwide.
Full data ownership: With this feature, Essentia provides right to the users to have a control over their data. Essentia believes that it's the data or the property of the users and thus they should have a right over their property. Essentia allows the users to regain or power back their data thereby providing freedom to its users.
All in one seeds: Essentia provides all the applications in one secure seed to its users worldwide.

ICO and Team

Essentia aims to provide flawless services to its users worldwide thereby fitting into the growing decentralized life of its users. It provides a digital stage or the platform to its users, which enables them to not only control their data but, also secures their data. The team behind the Essentia are full of zest, enthusiasm and responsible which will add on success to its projects. The team is lead by three prominent leaders Micro Mungiardino, Vladimir Holubovych and Matteo Gianpietro Zago. These leaders are also the hardworking members who can make the project reach great heights. The token of Essentia is called as ESS Tokens. The token market does not work with or advise the project.

Conclusion

Talk upon the facts also includes the same on the success. As the success is not final and the failure is not fatal, the team should work very hard upon the shortcomings or the problems so that the company reaches great heights. Though there are various challenges that the company has to face in the present world, but with its hard work, dedication and at last patience it will reach its destined heights. We all must appreciate the efforts by the company for coming up with a very novel thought, which will mark a great impact upon its users!