- Mar 14, 2018
Alright who is this dude? According to its website “Essentia is a modular decentralised interoperability and data management framework.” Well if that sounds complicated to you, my advice is to try using the application. You will find the yellow “Try Essentia” button right at the top of the page, click to it and you will be lead to the app page. Press “Get started”, input a password and you will get your account, no email needed! Awesome! And what we get here after signing in is a platform where you can store your files, buy and sell cryptos on Etherdelta, exchange cryptos using Flypme and talk to your friends via Status. There are some more tools and dApps which are already integrated with Essentia (you can check them out on its website) and I think there will be more in the future, which means there will be many more things we can do on it. Anyways, back to the introduction, I honestly find it difficult to define Essentia with simple words so I’m gonna tell you to think about a Swiss knife when you think about Essentia - a decentralized Swiss knife that can be easily yet securely accessed everywhere.
Essentia is a modular decentralised interoperability and data management framework
As insecurity of the centralized system and violation of users’ privacy have recently become big issues, the demand for decentralization is rising and it’s great to have a handy tool set like Essentia where assets, data, identities, dApp and more are all included in a decentralized way. It’s interesting that Essentia is an open-source product, which somehow helps it to gain trust from people because of its transparency. Moreover, it attracts developers from all over the world to contribute in building a useful framework to access and manage decentralization. Essentia can be applied not only for individuals but also companies and organizations.
Imagine you want to buy a product online, Essentia’s technology can assure your information to be revealed “gradually” like this: seller only knows your country, central post office only knows the city, local post office only knows the street name and the postman knows your door-number and initials of your name. This is just an example in many use cases of Essentia which you can find in the whitepaper. However before having a look at that lengthy technical document, you should see the “Foundation and Business Plan”, in which you will find a pie graph showing that they will use more than half of the revenue for IT and Development. This is quite impressive as we often see many other projects use a great proportion of their money for marketing instead of concentrating in developing the core element like what Essentia intends to do.
Normally I don’t talk about founders of each project but this time I want to spend some words to express my admiration toward the Blockchain and Architecture Lead of Essentia, whose photo is not shown and name is replaced with “Privacy Conscious”. He is mentioned only twice under the nickname “GRX0” in Foundation and Business Plan. The absence of his picture and real name made me smile.
I think that’s enough basic information about this cool dude Essentia. I strongly advise you to have a thoughtful look at their website and all the documents related and I hope after that you will have a good feeling about him like I do then maybe investing in his ESS token shall bring you some profit. Good luck!
Information about …
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Success comes from ideas, starting with enthusiastic people and flying high by the whole community
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