Introducing Ellcrys Blockchain: The Platform For Decentralized Co-Ownership & Governance Of Software Projects

in #ellrcys5 years ago

Technology has evolved greatly over the years with great improvements in design and implementation. The speed of the internet, means of transportation, speed of computation has increased over the last 20 decades too. Before now we never had autonomous cars, autonomous airplanes, a better network technology etc. Man is constantly seeking for ways to develop life-changing products and services to make life easy.

One of such technologies the world is gradually adapting to is the “blockchain”. A technology whose first implementation was seen in BITCOIN way back in 2009 by Satoshi Nakamoto. Bitcoin was the first digital asset that cannot be easily double spent (with a feature that doesn't allow double-spending) and has distributed ledger all over the world. Bitcoin is a kind of money or digital asset that functions without the banks or government, its value is purely driven by supply and demand.

The success of Bitcoin has led to blockchain technology for other purposes. Now we have blockchains with smart contracts, blockchains for the agricultural industry, blockchain for the banking sector, etc. As a matter of fact, any industry that has a thing or two to do with data and money (digital cash), needs a blockchain.

a common feature that all these blockchains have is the way they are built and deployed. Since they are all software and a software is made up of codes and these codes need to be stored somewhere. Because of the need to have these codes stored for future use (most especially open source blockchain software), blockchains developers these days store their codes in code-sharing platforms such as GitHub, BitBucket and CodePen etc.

This in a way goes against some of the core values of blockchain technology because blockchain was supposed to help reduce or end censorship from centralized bodies. The fact that most code-based or code-sharing platforms are owned by a single entity, it greatly defies the purpose of decentralization becasue a code repo can get shut down or deleted at any time if or when threatened by a higher organization or the Government.

This is why Ellcrys was conceived, to solve the non-distributed co-ownership structure lacking on previous existing git hosting platforms. This will give communities the ability to build and co-own software projects with on-chain governance and with no fear of censorship. A Test Network for Ellcrys has been released and can be viewed on Ellscan (Ellcrys’ Block explorer)

Ellcrys Development:
The team at Ellcrys has released some tools that will help users interact with the Ellcrys blockchain easily. These tools include:

Safehold :

https://www.youtube.com/watch?time_continue=2&v=nyJ7PYXvZ8g

Safehold is a desktop wallet/miner created to help users of Ellcrys' platform to send and receive Ell coins. A user can create multiple accounts for better fund management, send coins and share your addresses to receive funds. Users can also conveniently track thier diffrent account balances, mined blocks and transactions sent or recieved.
Read more here.
Suite:
This tool was built for early investors to have access to their dashboard. with suite they can view the sum of all their allocations made to them. Test coins can also be equested through Suite .

Ellscan:
Ellscan is a block explorer for the Ellcrys blockchain. It shows a simplified view of what is going on on the Ellcrys test network. with Ellscan, you can view Block height, view blocks, view transactions sent and received, etc, https://ellscan.com/

ELLD CLI-based client:
CLI-based client is used to connect and interact with the Ellcrys network, but built for more technical users. ELLD users will be able to join the network, mine blocks, construct transactions and access the state of the network. More info here

IEO coming soon…..

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