Elementh – Creates An Alternate Protocol For Application Development
Elementh – The idea of using basic blockchain technology and applying it to other concepts also has a long history. In 2005, Nick Sabo proposed the concept of property rights protection and owner, who explained how the permissions allow for the use of system-based blocks to save the registry of people who have some land “, new advances in copying database technology” to create a complex The structure includes concepts such as estates, unprofitable ownership, and land taxes. Unfortunately, the database system was not effectively replicated at the time, so the protocol was not actually implemented. However, after 2009, the consensus on the decentralization of Bitcoin development soon led to some alternative application loads.
Bitcoins are short of smart contracts. First, there isn’t a complete programming language for Turing, which leads to the grooming of Etereum, a special blockchain writing contract that allows smart Turing completeness to appear. Revenge plans to switch to point-of-sale agreements in the future but is still working on prisoners of war agreements, which affects system speed and transaction costs. The EOS module currently under development is a promising alternative. It provides smart writing contracts, working in agreements with disabled people organizations, and handy blockchain to put their own DApps into various application creative capabilities.
Elementh aims to create alternative application development protocols used by e-commerce to replace the protocol, provide the quality of naming standards, and guarantee the ownership of certain products and the ability to create smart contracts specifically for e-commerce. Elementh will implement this Turing complete programming language by creating a blockchain, built-in, allowing everyone to write contract intelligence and distributed applications, the ability to use integrated product cards, e-commerce transactions, and ownership transfer.
Along with the token system, Elementh has a stock system that can also detect the use of counterfeit goods in a large number of applications, such as tracking the flow of certain goods created to the current owner, tracking the genuine goods. Unlike token systems, commodity systems are also provided at a specific address, which shows all possible data items (eg, name, manufacturer, barcode, etc.) to “pull” the ability to a particular product. And if the same goods are already in the blockchain, the publisher will receive a message for this matter, and he will have the opportunity to show her how much she wants to “show.”
If the project has a serial number, you can specify when to perform the transfer operation. In order to provide protection against the forgery of data, just the hash number of the serial number specified in the system, so the only person who knows the original amount must perform an effective trading ability. In the absence of a “distribution” of a shipment, a randomly generated system and holder can use it to print a QR code on a package to identify the serial number of a particular item, written on an RFID tag or easily by other means.
According to each shareholder has a considerable number of shares and the influence of the decisions made by the selection of 51% shareholder DAC independent, the concept of decentralized means cannot be restored and implemented. The challenge is how to achieve 51% of the threshold for approval in a timely and effective manner.
In order to achieve this goal, each shareholder can delegate his voting rights to delegates. The 100 bits with the largest number of votes represent blocks generated according to a specific schedule. Each delegate allocates a time frame for block production. If he does not produce any blocks and then skips them, the next delegation produces a corresponding list of blocks. All delegates receive 10% of the average amount of commission for the transaction. If the middle block contains 100 shares, the representative will receive 1 copy as payment.
There is also the possibility of network delays that may lead to the fact that some delegations cannot produce blocks at the right time, which will lead to splitting the chain. However, in practice, this situation is unlikely to occur as a representative to establish a direct relationship with other representatives before and follow his chain. With this model, new blocks can be generated every 10-30 seconds and under normal network conditions, the split block chain may or may not be fixed in minutes.
The uniform name of the goods is more
One of Elementh’s main features is to provide uniform terminology. To ensure that the merchandise card is as complete and accurate as possible and to reduce the possibility of creating duplicate cards, the cost of creating and using cards will vary.
To create a merchandise card, the participant must pay, for example, 1 EEE (the price will be set by the representative vote). When the owner adds the item to the system, he is offered to use the existing card or create a new one. Using an existing card costs 100 times less than creating a new card (for example, 0.01 EEE).
Cardholders receive rewards for each owner of the merchandise that uses their card and use this card for transactions. Any participant in the system can supplement the information in the existing card, and the cardholder can accept or reject the proposed change.
The Elementh blockchain has its own built-in currency elementh (EEE) for all operations within the Element block, such as payment transaction costs.
- Token and ICO information: EEE, ERC-20 standard
- Total supply: 303 000 000 EEE
- 217 500 000 (71,78%) EEE – purchasers
- 45 000 000 (14,85%) EEE – team
- 40 500 000 (13,37%) EEE – partners and advisors
- Private Pre-Sale start date: 15 January 2018 00:00 UTC
- Private Pre-Sale end date: 31 January 2018 23:59 UTC
- Private Pre-Sale soft cap: –
- Private Pre-Sale hard cap: 1 500 ETH
- Private Pre-Sale price: 1 EEE = 0.0001 ETH
- Private Pre-Sale bonuses scheme: 50% Tokens
- Pre-ICO start date: 1 February 2018 00:00 UTC
- Pre-ICO end date: 14 February 2018 23:59 UTC
- Pre-ICO soft cap: –
- Pre-ICO hard cap: 1 500 ETH minus received in Private Pre-Sale stage
- Pre-ICO price: 1 EEE = 0.0001 ETH
- Pre-ICO bonus scheme: 1st day: 30% Tokens, 2nd day: 15% Tokens
- ICO start date: 1 March 2018 00:00 UTC
- ICO end date: 31 March 2018 23:59 UTC
- ICO soft cap: 10 000 ETH
- ICO hard cap: 30 000 ETH
- ICO price: 1 EEE = 0.0002 ETH
- ICO bonus scheme: 1st day: 30% Tokens, 2nd day: 15% Tokens
To know the latest information about Elementh project you can visit the link below:
Website : https://elementh.io/
Whitepaper : https://github.com/ElementhFoundation/Documentation/blob/master/ElementhWhitepaperEN.md
Facebook : https://www.facebook.com/Elementh-1371154296341075/
Twitter : https://twitter.com/Ahooleeman
Telegram : https://t.me/elementh_community
ETH : 0xf684c669653b6cd2b606ecdfc69b69dff7935b2c