ELLCRYS - Decentralized Software Development

Open source blockchain platforms help reduce the number of costs. The services provided by the blockchain community backing the project are worth more than investors may be willing to pay. Consider the cost of hiring white hat hackers to discover weak points or hiring developers to update a system in an ever-changing technology space regularly. Open source blockchains save a lot as most of the technological services are performed by supporters of the project.
Blockchain is arguably the most exciting technology of the 2010s so far. It has attracted much attention from the media and is responsible for the creating of a billion-dollar industry that did not exist before. Blockchain’s rise to its current status is no mean feat.
Ellcrys is building the technology that will provide the platform and tools to enable communities build organisations that are open, transparent, self-governed and co-owned by members who are able to manage shared resources whilst being able to compete with centralized organisations. Ellcrys protocol integrates both Proof-of-Work and Proof-of-Stake consensus algorithms to create a system where miners propose blocks and PoS miners validate these blocks.
Ellcrys is on an online revolutionary mission to create a blockchain ecosystem that integrates Git to allow collaborators build software from anywhere in the world. The platform allows people or organizations to collaborate and create a software project. Anyone can even contribute to the creation of an ongoing project and get compensated by the network with coins. Collaborators push and pull code to and from the network, perform governance functions by creating, approving proposals and receive compensation from the network.
The emergence of Ellcrys, the existing conditions are not sustainable for the future of open source software. There is desperate need for an ecosystem which allows developers and community to collaborate and attain the fullest potential of software. That is exactly the purpose Ellcrys serves. Ellcrys is wired to reward all parties involved in such collaborations.
With Ellcrys, everyone is a boss who can work independently within a group. In Ellcrys, there is no one person who is in control of the collaboration: everyone is in control. Every collaborator pushes and pulls code to and from the network, perform oversight functions by creating, approving proposals – and ultimately receiving compensation from the network.
The results from the collaboration that Ellcrys offers are limitless. For the first time in the history of software development, collaborators from all over the world can spend more time on software projects, pushing the boundaries and building the greatest products for our world. Ellcrys has brought the future to our doorsteps!
Ellcrys marketplace is where service providers showcase and sell their products and services to Ellcrys organizations. Yes, decentralization is core in Ellcrys platform, but organizations within it are still able to purchase services through purchase proposals that get approval by members. The model employed by Ellcrys is a Proposal/Approval Voting scheme where contributors create proposals and solicit approvals from other contributors.
Ellcrys' mission is to create an ecosystem where open source collaboration goes beyond offering contributions during free or leisure time periods to one where collaborators can create profitable open source enterprises, allowing them to spend more time creating excellent products and improving the source ecosystem.
Organizational accounts from existing web service providers restrict access to entities to a single owner who is guaranteed unlimited access to add and remove users and manage the account and all resources. In other services such as Github, Stripe, Heroku and hundreds of thousands more. In the future, this account model or organizational structure will not be viable. Decentralized organizations in which there is no single owner or leader, neither trust nor headquarters. This is a fundamental problem that needs to be solved before the Internet can be organised in a decentralised and effort-centered way.
For Ellcrys, a git warehouse is the focal point of all collaborative projects. It is an institution. By default. It is co-ownership, meaning that there is no owner, no leader, no trust and no headquarters. Everyone can search for their content, press contributions, check and vote on pull requests and other proposals.
A store may obtain a payment for the service rendered or a donation. Contributors may collectively opt for a single income distribution and management scheme in a repository.
The following are the types of individuals that are most important to sustaining the Ellcrys ecosystem and ensuring its prosperity.

Features of Ellcrys

  • Decentralized Hosting Git
This platform can be used as a system to manage software versions. At the same time, decentralised management must be present in it. In the future, the company plans to host a repository of decentralized companies and protocols, such as ether or bitcoin, on its platform.
  • Outsourcing software
On this platform, software developers will be able to present their software to the public. At the same time with open source. This will allow millions of developers from all over the world to participate in the drafting of the project. But, at the same time, the creator of this miracle has the right to retain the copyright of his software. In addition, in the future they will be able to set a price for it. In addition, some developers will be able to perform certain tasks and receive payments for it.
  • Decentralized autonomous organisations
Communities can create decentralized organizations throughout the Git repository. These organizations will be able to work with mobile applications, web versions, smart contracts, libraries, etc. Decisions will be made as follows: the draft is initially proposed, and then voting continues. It is in this vote that a decision will be taken.
  • Product paid with open source
By promoting their offspring with open source. Developers can set prices for it, which people will have to pay for using this product. In addition, developers can receive rewards for their work on software improvements.

Ellcrys Ecosystem

  • Validators
These validators are holders of network nodes that provide computing means to power and protect the network. In turn, they are paid with new currencies.
  • Collaborators
The collaborators are those personalities who are in charge of elaborating, managing and giving work to a repository.
  • Coins/Traders
The coin purse provides the liquidity required for collaborators and end-users of the coin to participate in Ellcrys' economy. Participants and end-users buy coins from traders to gain access to the network.
  • Companies/Service Providers
Service providers provide Ellcrys organisations with a number of specific benefits in exchange for coins. Some examples of services are cloud hosting and database, buying and managing domains, marketing and sales, etc.

Ellcrys Token

On Ellcrys, the native coin which is known as “Ell” (plural: “Ellies”). It is denoted by the ȅ. It is an inflationary currency with an initial supply of 1,500,000,000 and mineable through our mining protocol known as: PeopleMint.
  • Mineable through PeopleMint
  • Used as medium of payment for fees and incentives.
  • Required for PoS staking.
The native coin is an inflationary currency that is created through our coin generation protocol known as PeopleMint . PeopleMint is designed to promote equitable distribution of the currency. The coin can only be created by expending something very accessible and costly; For our protocol, this thing is a banknote.

Token Details

  • Name: Ell (plural: “Ellies”)
  • Initial Supply: 1,500,000,000 (1.5 Billion)
  • 18 Decimals
  • Symbol: ȅ (Unicode = \u0205)

Coin Distribution

The initial, pre-mined supply of the coin will be distributed as follows:
  • Public - 60%
  • Ellcrys - 25%
  • Founders - 14%
  • Advisor - 1%
Founders allocation will be locked for 1 year. From the second year, 1/24 of the allocated share will be released every month.
1/2 of Ellcrys and advisors allocation will be immediately unlocked. 1/12 of the rest will be unlocked each month.

Road Map

Team

For more information, please visit:
Author: JigaMola
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1847143

Comments

Post a Comment

Popular posts from this blog

ARTPRO - The Art of Blockchain

Image
The art market has failed to innovate and persisted with inefficient systems that benefit auction houses and galleries but do little for the creators and collectors of great art. ArtPro is bringing the outmoded art industry into the 21st century while eliminating the fakes that are endemic to the industry via a proprietary three-part provenance solution. Art has long been valued for more than its beauty. From Old Masters to contemporary pieces, art has been used as a store for wealth for people wanting to invest in assets that are largely immune to the movement of the financial markets. The chain of title, however, is as valuable as the work itself with complete provenance correlating with higher returns. As much as 30% of all art sales are believed to involve forged pieces. The Deloitte Art & Finance Report 2017 lists ‘authenticity, lack of provenance, forgery, and attribution’ as ‘the greatest threat to the reputation of the art market’. The online art market is yet to reac
Read more

VECTORIUM - The Blockchain Powered CryptoEnergy Platform

Image
Every passing day, the world is drowning under the increasing volume of waste, having adverse effects on human health, climate and environment. Systematic and effective waste management has appeared as a severe challenge affecting many developing countries like Nigeria or India. Increased rate of urbanization and population and rapid developments are responsible for the generation of the massive amount of waste. The growing waste generation rates, the issues of finding new disposal sites, depletion of landfill space, waste disposal and management methods are hampering adequate waste management. For efficient results, it is crucial to introduce a modern waste management system to notice a full cycle of waste management, from how they were collected to when and where they were thrown away. Vectorium is a project which intends to tackle the issues associated with the increasing waste generation and improper waste management. The aim of this project by Vectorium is to set out a med
Read more

VReS - Decentralized VR Gaming

Image
In China, which has the biggest market after the United States, in spite of the fact that equipment makers are consistently rising, every producer has been sending an alternate stage so there is an absence of substance. The same can be said of digital forms of money. In following the historical backdrop of VR, head-mounted showcases and other equipment for encountering VR are still a long way from being boundless in the market. The field of VR does not have any substance that can be considered “executioner” so it is troublesome for organizations to detail strategies for success and decide scale. Likewise, from the point of view of clients, there are couple of chances to encounter VR, and thusly, the earth empowering the arrangement of VR content is restricted. Moreover, as far as VR content, there are couple of cases of progress that can be imparted to the world, so the important criteria for settling on choices with respect to VR is dubious. One issue that numerous organiz
Read more