We make use of data in our everyday lives and because of its importance, we try to store this data .The fact that data is stored and kept for future references means that particular data is of huge importance . There are periods where data can be pirated or faked or even stolen . When data is faked due to zero verification, it leads to heavy loss of precious information . When data is not well stored, important information is lost as well . Therefore there is a need for a platform that can offer the safe keeping needed for data, and also to handle the verification process of the data. Blockchain technology has brought along with it several benefits which include transparency and ssecurity. This is why I am happy to introduce to you the platform that offers the solution to the above mentioned problems, Endo blockchain protocol.
WHAT IS ENDO ?
Endo works as a blockchain and also offer diverse data verification services as well is huge security. One of the major problems facing data storage is the issue of data being stored in a centralized mode of storage.Yes, over the yes centralized mode of storage has worked, but it has been noticed that it has major security flaws. When a hacker or criminal gets access to a centralized storage, all the information storage on that centralized database can be made away with very easily . At the same time when a centralized database is whipped out, obtaining the lost information is very difficult or almost impossible, because centralized data storage leaves no tracks. This is why Endo blockchain protocol offer a decentralized means of storing data, which makes it more secure and easy to retrace if at all any issue comes up. Data is verified so as to increase trust between people and even robots when need be.
Users of the Endo protocol can build both public and private blockchain, decide and limit the level of access granted on data, and also provision for decision making in terms for data exchange between various companies or organisations. Lastly, level of personality of data can be changed together with level of data protection I.e it can be increased.
The Endo protocol has provision for applications that permits the transfer of paper documentations that possess hand signed signatures to digital documents. This means one can generate a digital certificate based on their identity .
Another good thing about Endo blockchain protocol is the fact that any user can create their own applucations as at the beginning of 2019. How cool is that?.
AIM OF THE ENDO PROTOCOL
Gives organizations and users the provision to partake in exchange of information, this process of information exchange takes place with the Endo tokens.
To create a very secure environment for data storage.
To help users verify authencity of data.
Allow users control how loose their information can be released to third party apps . Which means users can decide whether or not to release their information.
BENEFITS OF THE ENDO ECOSYSTEM
The Endo ecosystem will increase the traits level in various piece of information
Limit the level at which data can be pirated
Reduce the stress of data storage and reachability
Provision of flexible data control methods and data exchange.
Provision for data monetization
Users have the ability to do whatsoever they with with their data
Huge bandwith
High level of scalability
ENDO TOKEN
Endo token otherwise known as E-token is the token peculiar to the Endo platform, the token aid payments, used for data verification and data exchanges.
Token Details
TOKEN SYMBOL: ET
TOTAL SUPPLY: 100 million
PRICE: 0.375 USD
SOFT CAP: 5000000
HARD CAP: 15000000
PLATFORM: Ethereum
BUY WITH: ETH, BTC, LTC, BCH
KYC: KYC Required
TOKEN DISTRIBUTION
In my next article will be taking a closer look at the endo blockchain protocol and its use cases so stay tuned!
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Writer's Information
Name :- Iyke