For the past years, ICOs has made it easy for start-up projects to raise money and support their projects, this can be seen in the amount of new blockchain projects that erupted over last year till now. This has been possible through the Ethereum blockchain smart contract and other blockchains which supports decentralized applications and other vital Apps on their blockchain. All this, has allowed people to raise money and build their projects. With the Ethereum blockchain, being the most relied on blockchains for the deployment of decentralized applications, and running of ICOs, there have been many attacks on the blockchain which has led to loss of funds raised during ICOs. This is a common incidence now as many projects whose funds are held in escrow through the Ethereum smart contract, have been hacked and stolen thereby leaving them with little or nothing to go ahead with their developmental tasks. All this attacks and hacks has been so because of many vulnerabilities as seen by the hackers on the Ethereum blockchain. Escrow funds for example, are held in one account and when this account gets attacked or hacked, the funds disappears. There is no much security for funds as seen today on the Ethereum network. The project EtherInc is coming up to solve these problems as seen today in the Ethereum blockchain.
What is EtherInc
EtherInc is scaling this problem and increasing the transaction speed time to 2.5x of what is seen in the Ethereum network. Also transaction confirmation speed was increased by 2.5x and miner reward by the same 2.5x ratio when compared to what is obtainable today in the Ethereum blockchain. The EtherInc project is an improvement of the Ethereum blockchain. Making amendments where the Ethereum blockchain has been seen to be underperforming. The EtherInc blockchain, in order to improve on security of funds which will be raised during ICOs, will be making use of multi-signature wallets and cold storage to ensure these funds are free from one attack or the other.
Uses of the ETI coins
As with any project, there is always a tool needed for the fueling of the platform. The same is applicable to the EtherInc platform. The EtherInc platform will have its own tokens which will be called ETI. These tokens will be used in many ways on the platform such as: Deploying of of eInc organisations, Payment gateways, voting on eInc, proposals on the platform, running of dApps on the EtherInc blockchain and so many otthers. This token will be used to access all the featurers of the eInc platform for its swift and seamless use.
Mining of the ETI tokens is estimated to last for years starting from Tuesday, 13th of February 2018, it is estimated that the last block of ETI will be mined on the 7th of febraury 2042.
EtherInc Official Links
Website: https://einc.io/
Whitepaper: https://cdn.einc.io/assets/files/einc_whitepaper.pdf
Telegram: http://t.me/eincHQ
My Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1016770
ETH WALLET: 0xfb3EC7D9cdCaBb656C3779df245Ab0dD4809366c
EINC WALLET: 0x227f1EDD78A733fa899a5952b153f565d4a3f8F6