Essentia ICO Review( The Next Generation Layer of Interoperability and Data)
Essentia ICO Review( The Next Generation Layer of Interoperability and Data)
Blockchain has transformed the management of many aspects of life. And today I will introduce you to an interesting ICO project in the near future.
What is Essentia ESS?
Essentia is a framework that allows users to have full control over their online identity. Users can control whether they want their identities completely private, whether they want to disclose certain portions of their identity, or they want to give the site full access. on their individual. In this persona, information such as your IP address, name, area and other personal information can be read by the servers of the pages you visit.
The main user, or “Seed” as Essentia calls it, is the only one who has full access to this personal data. Obviously, there will be certain situations where seeds need to share more personal data for authentication reasons, but in general, this is not necessary. By using the Essentia framework, users will have full control over how and where their personal information is shared with other servers.
Aspects
- Private: Only the primary user, also known as the “seed” has full control over their data. Computers, servers, or other third parties may access seed information without prior permission.
- Customizable: Essentia is easy to customize for anyone who is using it. Essentia can be used to protect the identity of machines and humans alike. Each person or machine will have different requirements and will need to customize the Essentia system to meet specific needs.
- One Environment: The Essentia Environment provides a central location for storing multiple types of identifiers, personal data, asset information and more. All of this information is completely secure and decentralized.
Essentia Benefits?
Essentia addresses the most common problems that arise in today’s highly connected world. Information is more valuable than ever and can be searched for a high price on the market. Essentia provides users with a framework that allows them to be completely anonymous if desired and also allows them to keep their data on their computer.
By using a secure framework like Essentia, users can be sure that they are not exploited. They can filter out which entities are allowed to access data about them. This framework provides a way to fully decentralize your identity.
The most prominent condensation tool in the proposed list of products is the single seed mechanism that seems to be equivalent to the concept of a master password and is reinforced by advanced coding methods.
It is initialized once, and without it a user (or even a machine — the Essentia project is also targeting the IoT economy in the future) can not access the range of services that are already configured. Figure to work with it.
Between third-party services — cryptocurrency exchanges, wallet applications, file storage platforms, and Essentia kernel engines, have a variety of middleware modules, providing the ability for third parties. Three integrate Essentia solutions into their platform.
These would be API type modules that serve as a bridge between a user’s ID / kernel on one side and browser plugins on the desktop, mobile applications, etc. … on the other hand.
Roadmap
The road map is published as a separate document and offers a trimestrial outline of product milestones and upcoming projects. Highlights are:
Q1 2018 : Creates the dApps platform, the file storage platform, the multi-purpose property example, the first launch of the token.
Q2 2018: Create VPN platform, TOR platform, third-party eLogin ID management system, second token ad program.
Q3 2018 : Native mobile application release, ESS framework beta release, ESS software release, third release.
Q4 2018 : Release of EOS beta
S1 2019: Interoperability, multi-language integration.
S2 2019 : Out of the final product.
Features of the token
Again, the platform’s economy is listed in a separate document outlining the four main functions of the token:
Again, the platform’s economy is listed in a separate document outlining the four main functions of the token:
Anti-Spam: The use of tokens will be required for some aspects of the platform to implement services intended to discourage spam behavior.
Distributed Management: The token will be used as a voting currency to allow the broader community of the platform to contribute to the democratic decision-making process related to the future development of the project. .
DApp Service Access: Services and products stored by Essentia-based decentralized applications will only be billed using the native ESS tokens.
Reputation management: Reputation scores — perhaps for applications hosted by this platform — will require the possession of a notification tag to apply the rating.
No details — at the time of writing (March 1, 2018) — regarding the token offer, is not the hardest time and the circulation of the token.
How does Essentia work?
Essentia aims to create a fully functional and personal platform. The functionality of the platform is built from “seed” to the outside, based on basic cryptographic capabilities such as signing, verification, encryption and decryption.
Essentia’s magazines explain it better than I can:
Essentia is a modular module that boots from Seed by retrieving its extensions in a hierarchical manner and by combining them with the relevant data that they are available to be encoded on. scattered memory or on local copies / backups.
These data are associated with the corresponding and system-related extension keys, and by its constituents, the “subscriptions,” configurations, and content used when loading modules. their implications for framing accordingly. “
“Seed” in Essentia refers to the user’s data. The user (or machine) is the only person who has full ownership, access and control of the seed, including all IDs, data, assets, and other connections related to that seed. .
Essentia frames can be used indiscriminately by humans or machines (machines may include servers, IoT devices, etc.).
Some of the modules available in the Essentia framework include IDs, logins, KeyRing, DApp centers, wallets, non-account exchanges, decentralized exchanges, distributed storage, market forecasts, distributed VPNs. , Social DApp, encryption nodes and more.
These are just some of the front modules that can be built into Essentia — all with just one click. As long as a user has his or her own seed, he or she will always be able to download and use his or her own distributed framework from anywhere, on any server or system, even in virtualized environments. . Obviously, all this is very technical, and the Essentia whitepaper goes into detail about every aspect of the platform.
The teacher’s explanation for Essentia is that it is a durable, secure digital identity that can be used by both people and smart devices. Such identification can be made through a variety of applications and devices — like social networking on your smartphone and decentralized exchange on your home computer. The platform is built to emphasize privacy, control, and lack of censorship.
You can sign in with a unique ID on multiple platforms, such as regaining ownership of your data and sharing selectively with different parties. Today, some major blockchain projects have been incorporated into Essentia. Projects such as Gnosis, Ethereum, EtherDelta, Status, IPFS, Storj and Aragon, for example, all have built-in Essentia.
Essentia Feature
Essentia’s Core features include all of the following:
- A customizable, modular, hierarchical model that can be used by people or machines
- Decentralization, digital blockchain based identification for people and machines
- Reliable: reliable and secure are supported by strong encryption
Private, only with full user rights and full ownership and control over the platform - A personal, custom, environment (similar to a desktop-based operating system) where users can manage and interact with multiple IDs, data, assets, and resources. rights and concentration, transnational resources and communications, Decentralization, available 24/7 and permanently
Cross-threaded, multi-threaded, and multiple protocols available - Modular, flexible, and scalable
- Centralized security with uncensored, continuous and non-destructive data
- Open source and open hardware, including the deployment of software and hardware are available
- Languages and people inhomogeneous of the server
- Prove error and proof in the future
In general Essentia claims to “move needle weight” in the true sense of decentralization. Essentia is rebuilding a hierarchy “into an original and radical layer,” while others try to “re-focus” distributed resources by creating artificial human needs. Intermediate to the user. In terms of ordinary people, they find themselves seizing the spirit of decentralization early — a spirit they feel we have left.
Team
Essentia is being developed by a nonprofit organization called Essentia One, based in Amsterdam. The organization is set up in 2017. As expected, the scale of the team reflects the ambition of the project. It is also a top-heavy technique that is also not surprising, given its high technical nature.
Its group is mainly from Ukraine, and Linkedin’s profile is provided to all 26 members listed on the site.
Token distribution
Conclusion:
Essentia is a secure, non-censored, and private digital identity system built on blockchain technology. The system is built with a hierarchy in mind: the team wants to provide full control of decentralization to the user by allowing interaction between users, machines and third parties on the chain and between side. Overall, Essentia wants to create a framework for your digital life. That is the scope of this project that makes it an interesting one. Full product deployment can not be expected before the end of Q4 2019. If the sale of the code card is successful, the project team needs to work to convey a clearer message to the overall project.
Essentia is a secure, non-censored, and private digital identity system built on blockchain technology. The system is built with a hierarchy in mind: the team wants to provide full control of decentralization to the user by allowing interaction between users, machines and third parties on the chain and between side. Overall, Essentia wants to create a framework for your digital life. That is the scope of this project that makes it an interesting one. Full product deployment can not be expected before the end of Q4 2019. If the sale of the code card is successful, the project team needs to work to convey a clearer message to the overall project.
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