Previously, you have read about the design and main modules that Essentia framework uses. Besides, you are also informed about the competitors of Essentia. Although there are other platforms that serve an almost similar function, Essentia is still distinct. As you have read before, Essentia is the trustless modular framework where users can control their data in a decentralized by. The operating system of the data is equipped with on-chain capabilities, enabling users to access the data from any devices anywhere.
What Makes Essentia Unique
Essentia is the very first Modular Framework built on a decentralized system. It works well both for machines and humans. With this framework, users can completely manage their decentralized data and assets while at the same time taking the advantage of granular control over the data and full privacy. The framework is a kind of decentralized operating system that deploys on/off cross-chain resources in a single plays. At the same time, it serves as a trustable operational environment for users or machines.
It is also the first project that creates concretely fungible decentralization which can be used effectively and easily by the users. For instance, it enables users to load their data on any DApps and resources they want. It also makes data configurations feasible. Due to the peculiarities and implementation, it is hard to compare the Essentia framework to any other existing projects. Its uniqueness is matchless. Not only us Essentia able to integrate other projects, has it also offered radical and decentralized services, for instance, by allowing the users to use intermediary apps.
The Properties of Essentia System
First, Essentia is obviously trustless. The code and other things are stored and encrypted on decentralized storage. In other words, the system is indeed trustable and secure. Users just need to rely on himself and let the system works. Second, the framework is private. The user is the only one that owns full ownership and control. Only the user who has exclusive access to their data, identities, accounts, wallets, and other resources. Third, it is decentralized and always available. Users are able to access data from anywhere and anytime.
Moreover, the framework can operate on cross-chain, multiple blockchains, with multiple protocols. It is because the Essentia framework is designed to enable cross-chain transitions and operations while at the same time deploying other resources from different blockchains.
ICO Timeline
ESS is the name of the tokens launched by Essentia Framework. As a utility token, ESS will be used regularly and frequently in the platform operations. It holds some crucial functions such as to keep the platform alive, to pay for extra internal resources, to pay for extra goods, to manage users’ reputation layer, and many more. For this reason, it is very important to throw ICO sale. Actually, the ESS sales have ended since a couple months ago. The Pre ICO was thrown from 15 March to 14 April 2018 followed by the ICO which was conducted from 15 April to 30 April. From the sale, there were 595M ESS Tokens sold.
More info:
Writer:
- Bitcointalk: 135cc
- ETH: 0x002a3C863a9C8C918FfDAfB3E9E09a18F12C99Df
What is essentia???
Please help me to understand
Essentia is a masternoded multi-chained set of protocols connecting centralized and decentralized resources to create new powerful interactions and experiences.
to fully understand about Essentia you can read Essentia whitepaper here: https://essentia.one/whitepaper_draft.pdf
Thank you
You're welcome my friend