According to empirical evaluation
by concerned institutions in the world, existing web service providers limit
organization accounts to only support a single owner who is granted unlimited right
of entry to add and remove users and manage the account and all assets. Most of these activities are evident in
services like Github, Stripe, Heroku and thousands more that undertakes
similarly functions. This kind of account or organization arrangement cannot
work for future decentralized organizations where there may not be a single
owner or leader, no trust and no headquarters. This is an elementary issue that
needs to be solved before decentralized, effort-centric internet organization
is possible. Furthermore, the world is becoming sophisticated as the day goes
by, thus new inventions are undertaken on daily basis especially with the introduction
of the latest Blockchain technology, which provides better features and options
as compared to traditional institutions that are accustomed with rigorous
intermediaries and procedures. To solve these issues and others confronting the
system today and to cater for the not-too-far future generations, https://ellcrys.co/ was created as a completely decentralized
ecosystem built on the premise of the Blockchain technology.
Ellcrys is a Blockchain
system that will allow anyone in the world start, join or contribute to open
source software products and receive reimbursement for their assistance. Users
will be able to create decentralized Git repositories that are bowdlerization opposing,
highly available and can be truly owned by numerous persons. Repositories can
include all kinds of codes for different purposes such as web services, smart
contracts, mobile apps libraries/packages, frameworks and the list continues. To enable unlock, trustless, autonomous
collaboration, the developers of this idea will leverage Git; the most popular
version control system, to allow anyone around the world to without difficulty
contribute to a project. Contributors can fetch branches, push changes and create
pull request proposals to have their work combined. As a corollary, the Ellcrys
Blockchain platform decentralizes a git repository by bundling and distributing
git objects across the network. Contributors will be able to effortlessly sync
their local repositories with the network using existing git tools. The
platform will combine technological know-how and the reality of things to
achieve this herculean but surmountable task as proposed by the platform as
contained in the ‘White Paper’ which you can download at https://storage.googleapis.com/ellcrys-docs/Ellcrys-Whitepaper.pdf and get firsthand information for
your consumption on how the platform connects to the dreams of the 21st
century.
Take time to read the
‘White Paper’ downloaded above and you too will agree with me that the project
is very feasible and achievable but may be difficult to accomplish
simglehandly, thus the vehement need for community participation. The Ellcrys
native coin is known as "Ell" (plural: Ellies, symbol: ELL). There
will be a total coin supply of 10,000,000,000 (Ten Billion). Ellies are disseminated
through a progression known as StackMint. StackMint allows millions of
people from all parts of the world exchange their national banknotes for ELL.
StackMint aims to provide a fair distribution model where everyone can continuously
receive bits of Ellies without needing to purchase pricey hardware as seen in
PoW systems. The diagram that follows shows details of ICO and paraphernalia.
Time is not the friend of
man, thus join the queue and explore the great potentials of this platform.
Click https://ellcrys.co/coin and navigate to the ‘Contribute’ or ‘Join’ option on
the website to take active part.
You can also connect with
other participants through the ecosystem’s social media communities, log on to;
AUTHORED
BY: https://bitcointalk.org/index.php?action=profile;u=1025357
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