Tuesday, 19 June 2018

EtherInc (eInc) - Blockchain for decentralized organisations

Ethereum, the world's second-largest electronic money currency, is a platform on which decentralized applications can be built. There is a new ICO project pushing Ethereum a turning point with promises to present a much better and faster version.
Is it right? Well, let's see, how does it achieve it? Take a look at my EtherInc ICO Review to see how good it really is!
EtherInc is designed to create a unique protocol for building, managing and running decentralized apps and organizations. The aim of this blockchain solution is to empower entrepreneurs all over the world to build and operate decentralized firms that are free of restrictions, expensive intermediaries and extend across borders. This collaborative approach will help push more value into the products and also increase trust and resiliency in the company. EtherInc intends to be available all over the world to entrepreneurs wherever they need this critical service.
EtherInc has successfully built what can be referred to as a comprehensive abstract foundation layer consisting of a blockchain network with an inbuilt programming language. This means anyone within the ecosystem will be able to create smart contracts as well as other decentralized apps in which they can establish their own ownership rules, state transition functions and transaction formats. This platform will be especially useful for creating decentralized apps, especially in situations where entrepreneurs are seeking fast development times and also the capability of different apps interacting efficiently.

ETI (EtherInc) is the fuel that encodes and is the driving controller for the EtherInc chain. These coins will be used for a number of reasons, to get started, you will need them to pay the transaction fee. In addition, ETI money will be used to deploy elnc organizations, generate elnc proposals, pay and pay, vote on proposals, run Dapps and conduct ICO (DAICO) on the blockchain.
In the issue of collaboration, EtherInc offers a voting platform where business owners can create company proposals for voting. The voting process is done in a highly secure manner that is impossible to falsify. Accepted proposals can then be entered into a smart contract, with the payments being triggered only after all the conditions within that contract have been met.

However, there are many points of this project that unclear and impossible.
Generally, EtherInc is like an upgraded copy of Ethereum that has all the capabilities of the Ethereum blockchain and improves on many aspects and some special features of EtherInc. What are these improvements? The company claims to reduce the blocking time from 15 seconds to 6 seconds. Do you think that if it's easy to achieve, even Ethereum will do it yourself. Obviously, It's so difficult to do it! Moreover, they also claims to increase the transaction speed 2.5 times the version of Ethereum. It's not seem easy to with the team that doesn't have much experience in related field.
Why did I say that einc team doesn't have much experience in related field? I had a look at profiles of eine team. The team has 8 mentors from different fields. Technology, Marketing and Finance and has worked with major industry players. But the fact that they don't have much things to say about their ability as well as experience in technology more than other projects.
  • Tarun Malik - Executive Director, graduated from Melbourne Business School, previously worked with PwC, SwissRe, Johnson & Johnson and Biogen.
  • Suryansh Kumar - CTO, Suryansh is a college dropout student who has established several products such as Piplity, OBTrack, and Codepanel.
  • Cernat Constantin - Blockchain developer, Cernat is a software developer who has worked at Bitron, Biesse Solution and Continental AG.

However they also has their own strength in the work marketing the project. The team really focused heavily on marketing. You can say this from the fact that its Telegram group has over 24k members.

The roadmap of the project starts from the Q3 of 2017, comprising of eInc Dapp, blockchain, wallet, and mining, which are all the fork of Ethereum. Right now, it is a exchanges and listings stage and launching dApp Marketplace.

In conclusion, an Ethereum blockchain based solution, EtherInc seeks to remove all the barriers that startups face. Additionally, it also provides a unique decentralized platform where entrepreneurs can grow their businesses through secure and transparent crowdfunding, voting and access to a diverse team. However, there are some thing need to be considered about the project: every single development in the project has yet to feature and a group with much specific technology or blockchain preferences. So, it is neccessary to find out the project carefully before deciding to invest. Thank you and see you next time!
All the important information can be found here:
Website: https://einc.io/
Telegram: http://t.me/eincHQ
Success comes from ideas, starting with enthusiastic people and flying high by the whole community
Author by: Hoangvuhk3110
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1805177

Newer Post Older Post

    Share This


Post a Comment