ETHEREUM LIMITED (ETHLIMITED)
Ethlimited is a decentralized platform built to oversee terms of contract agreed by two parties through it more developed smart contracts: an automated transaction protocol that plans and execute contract terms without the interference of third parties.
Ethlimited through it smart contracts will help bring an end to days of contract agreements being put down on papers which makes such agreements to be vulnerable to human factors such as alterations, frauds and tampering.
The principle and ideology on which Ethlimiited was built is for users to be able to create a contractual agreement through it smart contract that cannot be tamper with by third parties. Once a contract agreement is reach by two parties and the terms are entered into the Ethlimited smart contracts protocol, the agreement cannot be altered and all instructions surrounding the contract terms be executed to the latter by the smart contract. Designed to address the flaws and disadvantages of existing contract system.
Ethlimited smart contracts help fight against fraud and manipulation as it runs on the Ethereum blockchain.
Ethlimited platform was designed to be user friendly. Smart contracts procedures on Ethlimited is very easy and anyone from any part of the world with access to computer can easily create a smart contract using Ethlimited platform.
Built to address the flaws of existing smart contract system, Ethlimited brings transparency to the world of contract and help reduce the rate of contract disagreements leading to lawsuits.
Ethlimited helps overcome regional barriers when it comes to contract agreement as different users from different part of the world can enter into a smart contract on Ethlimited platform irrespective of distance and location.
Users can easily create a smart contract on Ethlimited using the platform ETHL token: A ERC-20 standard token built to easily be integrated into the existing Ethereum infrastructure. The ETHL is a limited version of the Ethereum-based coins which is expected to outgrow the current ether coin in value due to it restrain maximum distribution of just 10,000,000.
WHAT ARE SMART CONTRACTS
Smart contracts are an automated protocol that plans and execute contract terms without the interference of a third party.
Smart contracts are used to monitor, uphold and secure contract terms as it allows no third parties interference. Contracts terms are executed to the very latter without human help.
Once a smart contract is initiated, it can never be reversed or altered and tampered with providing the different parties a sense of trust and transparency.
Smart contracts are fully automated, self-executing and cannot be tampered with. It runs on the blockchain technology and can be safe as code to be easily monitored by computers running the blockchain.
ETHLIMITED SMART CONTRACT FEATURES
• Capital involved in the terms of the smart contracts created on Ethlimited can only be spent when all parties involved in the contract gave the approval i.e Ethlimited smart contracts act as a Multi-signatory account.
• Smart contracts initiated on Ethlimited is executed automatically without third parties interference.
• Ethlimited smart contracts can be used for all forms of contract.
• Ethlimited smart contracts stores Application’s Information e.g membership record, domain registration info, etc.
• Agreements reached using Ethlimited smart contracts are carried out swiftly with no need for human assistance as they are self-executing.
BENEFITS OF ETHEREUM LIMITED SMART CONTRACTS
SECURITY: Ethlimited provides it users with inherent securities by the introduction of a cryptocurrency(ETHL token) that is based on the Ethereum blockchain.
TRANSPARENCY: Contract agreements are automatically executed through smart contracts without a third party causing an act of alteration or tampering to be impossible.
SPEED: Unlike traditional contract system, Ethlimited takes just few seconds to finalize smart contracts.
EFFICIENCY: Ethlimited tends to operate with 100% efficiency given it ability to execute smart contracts with high accuracy.
LOCATION: Never a problem with Ethlimited smart contracts as it can be created amongst individuals around the globe irrespective of location.
PAPER FREE POLICY: Execution of smart contracts are computerized.
COMMUNICATION: Ethlimited smart contracts provide avenue for clear communication as all parties involved in the contract designs the contract terms.
BACKUP AND STORAGE: Useful details from executed transactions are fully backed on the platform and can be recall any time.
TOKEN (ETHL)
The ETHL is the token to be used to create smart contracts on Ethlimited and allows users to create their decentralized apps, dApps, on Ethlimited platform.
The ETHL is a limited version of the Ethereum-based coins which is expected to outgrow the current ether coin in value due to it restrain maximum distribution of just 10,000,000.
TOKEN SPECIFICATIONS
Token Name: Ethereum Limited
ticker:ETHL
Maximum Supply: 10,000,000
For more Information and Resources please visit the links below:
ETHEREUM LIMITED EDITION website
[(https://twitter.com/EthereumLimited)
(https://www.facebook.com/ethereumlimited/)
(http://t.me/EthereumLimited)
(https://www.reddit.com/user/ethereumlimited)
(https://ethlimited.org/whitepaper.pdf)
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