Essentia is a new framework of blockchain which is working on security, management, and bridge to the real services, resources, and virtual wallets. The software can be adjusted by human, machine, or bot.
It can be used to decentralize wallets and do local backups. It also possesses multi-level protection that can be associated as extended keys and will be interpreted by the system.
Token Functions
Essentia also generates a token which is called with ESS token. This token can be used to do many things such as generic transaction, resource allocation of masternodes, and reputation establishment. It also can be used as incentivization, security of assets, and guarantee of internal and external services.
Resources Distribution of Masternodes
Essentia’s member can be appreciated with the ESS token after masternode verification for every transaction. The tokens will be given as a warranty of Essentia framework to resist any malicious behaviour.
In this framework, every person who joins will obtain share amount of token and this token will be kept on Fuel Pool Manager. There will be two requirements to be appreciated with reward.
There is the sum of ESS token locked by real assets and collective resources. When there is malicious behaviour, Fuel Pool manager will be taken back the tokens as fine to total reward and distributed for a member that do the right thing such as decentralization service.
Roadmaps
Essentia has been developed and released since 2018. There are software and hardware connected to this framework. For the first step, the software will possess raw functions and file will be storaged as a swarm, IPFS, or storj.
Essentia also can be utilized as virtual wallet to keep multi-assets. It is also used as dApps store and has a catchy and friendly interface. It has a fundamental version of eLogin and initial blocktime.
For hardware, Essentia is still being under development and test. For the second stage of this year, Essentia releases decentralization system and ESS framework beta. It is also used to solve government’s problems and match the government’s regulations. Nowadays, this framework can be applied for the business segment.
For the second step of hardware, Essentia has selected its final prototypes and Seed Alpha. In this step, this framework also fixed all of the bug reported by users and presented through conferences around the world.
The next step will release Alpha Token layer, a beta test of the smartphone, and 4th version of dApps. For hardware, this framework will present ESS KeyWare device, ESS-OS alpha version, and alpha or beta version of Eggs. There will be reparation for the bug reported from the society, release 3rd Airdrop around 2.5 months after released the second version.
At the end of this year, Essentia will decentralize the ID beta version, upgrade to advance features and settings, and release ESS framework with third beta version. For the hardware, the real version of ESS-Eggs will be released, ESS-OS beta version will be released also, and IoT will be matched with the needs of public versions.
The next year, this framework will release the full version of decentralization ID, ESS token layer, and implementation of several languages. Essentia will not only develop software but also hardware functions in 2019. For hardware, there will be an implementation of IoT and upgrade of KeyWare.
Essentia ICO Information
- Token: ESS
- ICO time: 2018-06-07 - 2018-07-07
- Price in ICO: 1 ESS = 0.0430 USD
- Distributed in ICO: 35%
- Accepting: ETH
Official Links:
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Whitepaper
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Author:
bitterdog
ETH : 0x939e987B687d1E21d175340C02373bdDCEe31Bc7