Blockchain and Cryptocurrency has gained so much popularity amongst people around the world. Though, there are hundreds of cryptocurrencies available now but Blockchain is the technology that backs cryptos.
One of the main perk of blockchain is that it is an electronic ledger which keeps your record safe and sound. Data breaches have been the major concerns for many people and industries but Blockchain technology has the solution and Essentia has provided one.
Essentia provides a platform where you own your data and more importantly your data is safe and unable to hack. Essentia is one of its kind project and doesn’t have much competitors but there is one project a bit similar to Essentia, which is ‘DIW’. Let’s compare and differentiate between Essentia and DIW;
DIW is a decentralized identification infrastructure which enables account holders to safeguard their virtual life while accessing a series of DApps via its network. Its areas of applications are; Secure digital vault and payment gateway for crypto and fiat currency.
Essentia is somehow different and targets vast field where it leads the way towards a truly personalized digital experience. Essentia gives you control of your digital life. On the other hand, DIW provides you a vault where you can save all your passwords and other digital keys. Essentia somehow has provided a platform where you own your data. Business model of both of these projects is completely different, Essentia is one unique project which already has a fully functional product that is integrated with various DApps such as Ethereum, Status Storj and others. While, DIW still has to develop alpha version after the completion of ICO.
Every successful ICO has a brilliant and strong team behind. Both of these project, Essentia and DIW, have great teams but from first look Essentia has more balanced team including Matteo Gianpietro Zago, who has been advisors to so many blockchain startups.
Mirco Mongiardino is the product lead and Vladimir Holubovych is the operation lead, having years of experience. On the other hand, DIW have Stephanos Constantinou as CEO. Both the teams look good but again Essentia has edge of more balanced team with relative experience. Socially, Essentia has more popularity on Telegram, Twitter and Facebook. DIW has followers but not as much as Essentia have.
If we talk about the ICO, then DIW is already in its final phase of ICO and has set the token price of 1ETH=8000 DIW. DIW has raised 1634 ETH from crowd sale which is good but still not enough. Essentia is still to announce its Pre-ICO and ICO this year but on contrary it has worked on its product and has developed a fully functional product which surely will be the limelight of its ICO. Essentia has set the token price same as DIW but definitely it has advantage of great team and fully functional product. Essentia is the project to look forward for as it has everything to kickoff, from perfect team to brilliant product. I will definitely participate in its ICO.