EcoStart - Project Overview
Good day to all around the world, and I send my greetings to all my dear readers. Once again, I greet you all in this wonderful block of a cryptocurrent network, as usual! you all know, I always carry you with any information about good cryptographic projects through my blog.
In accordance with the main purpose or fixed design of this article, I will give you a brief introduction to the blockchain.
A blockchain is a growing list of entries, called blocks, that are associated with cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (usually presented as the root hash of the merkly tree)
By its structure, the blockchain is resistant to data changes. It is an “open distributed ledger that can effectively record transactions between two parties in a verifiable and permanent manner. For use as a distributed ledger, the blockchain is usually managed by a peer-to-peer network, collectively adhering to the protocol for the Communication Center and the testing of new units. After recording, data in any given block cannot be changed retroactively without changing all subsequent blocks, which requires consensus of most networks. Although the blockchain entries are not immutable, blockchains can be considered safe in their concept and serve as an example of a distributed computing system with high Byzantine fault tolerance. Therefore, a decentralized consensus was declared using the blockchain.
The blockchain was invented by Satoshi Nakamoto in 2008 to serve as a public register of cryptocurrency transactions. The invention of the blockchain for bitcoins made it the first digital currency to solve the problem of double costs without the need for a trusted authority or central server. Bitcoin design inspired other applications, and blockchains that are read by the public are widely used by cryptocurrencies. Private blockchains have been proposed for commercial use. Sources such as Computerworld call marketing such blockchains without a proper security model.
The first work on a cryptographically protected block chain was described in 1991 by Stuart Haber and V. Scott Stornetta. They wanted to implement a system in which the document time stamps could not be forged. In 1992, Bayer, Haber and Stornetta included Merkle trees in the project, which increased its efficiency by allowing it to collect several document certificates in one block.
The first blockchain was conceptualized by a person (or group of people), known as Satoshi Nakamoto in 2008. Nakamoto significantly improved the design, using a Hashcash-like method to add blocks to the chain, without requiring them to be signed by a trustee. participant. [6] The project was implemented next year Nakamoto as the main component of Bitcoin cryptocurrency, where it serves as a public register for all transactions in the network.
In August 2014, the size of the bitcoin blockchain file containing records of all transactions that occurred on the network reached 20 GB (gigabytes). In January 2015, the size grew to almost 30 GB, and from January 2016 to January 2017, the size of the bitcoin blockchain increased from 50 to 100 GB.
The words “block” and “chain” were used separately in the original article by Satoshi Nakamoto, but by 2016 they became popular as one word “blockchain”. The term “blockchain 2.0” refers to new applications of the distributed blockchain database, which first appeared in 2014. The Economist described one of the implementations of this second-generation programmable blockchain that comes with a “programming language that allows users to write more sophisticated intelligent contracts, thus creating invoices that pay themselves when they receive a shipment, or share certificates that automatically send them dividend owners if profits reach a certain level. level.
Since 2016, blockchain 2.0 implementations continue to require an oracle out of the chain to access any “external data or events based on time or market conditions that must interact with the blockchain.
IBM opened the Blockchain Innovation Research Center in Singapore in July 2016. The Working Group of the World Economic Forum met in November 2016 to discuss the development of management models related to the blockchain.
According to Accenture, the application of the theory of the spread of innovation suggests that blockchains have reached 13.5% of the adoption rate in financial services in 2016, thus reaching the early implementation phase. Industrial trade groups came together to create the Global Blockchain Forum in 2016 at the initiative of the Chamber of Digital Commerce.
In May 2018, Gartner discovered that only 1% of CIOs indicated any adoption of the blockchain in their organizations, and only 8% of CIOs were engaged in short-term planning or [studying] active blockchain experiments.
In connection with the movement of this article, today! I will present to you a specific undisputed project called: EcoStart
WHAT IS ESTART?
Ecostart is a publicly accessible cryptographic platform for creating applications and software solutions on an open chain of blocks. The platform was created for the financial support of environmental and environmental projects. The core of Ecostart is TerraEcocoin's own cryptocurrency (TECO), which generates an importance acknowledgment algorithm.
The core of the platform is the cryptocurrency TECO, which is generated using the Proof-of-Importance algorithm.
EcoStart will become a reliable platform for creating applications for funding in green projects in the field of ecology and sharing of the economy.
Our goal is to increase investment in green projects and tokenization of investment activities.
EkoStart Blockchain has all the necessary characteristics for this:
• Fast transactions about 100 thousand. Transactions per second
• mobility
• transparency
• democracy
• lack of intermediaries;
• Energy saving verification protocol (up to 100 times less than for bitcoins)
• Low transaction cost
• Smart contracts with new advanced features and tools to create it.
EkoStart MAIN TASKS
The development of technology blockade
Raising capital to finance environmental projects and startups
Stimulating environmental activity and supporting environmental initiatives
Attracting the attention of society, the media, business and government to environmental issues
Promotion of environmental volunteering and sponsorship.
We use the Proof-of-Importanc (POI) algorithm to create an application for open financing of the project, TerraEcocoin encrypted currency (TECO) and its generation. Ecostart - Integrators of environmental movement participants on a common website (market): - Search for environmental projects for investment. - to raise funds for investment in environmentally friendly projects. - Search and adjustment of the activities of volunteers. - Formation of the actual evaluation of users of the platform (initiators, investors, experts, volunteers). - Obtaining objective recommendations.
EkoStart WORKS
The platform will be created on the Ecostart block system, which will meet its requirements for cost-effectiveness, reliability and speed. Currently, the ecosystem uses Ethereum, where smart contracts are written on it at the ICO stage. The platform integrates several technology solutions, including applications that are already in use, into a single system.
EcoStart uses blocking technology to simultaneously solve several tasks: from creating fundraising services to recording information about clients' trading operations and selling tokens to ICO. Thanks to the transparency of the blocking technology, customer confidence in EcoStart rises to a remarkable level.
The EcoStart ecosystem has been implemented TECO cryptocurrency, which allows to carry with it all ecosystem services. The more transactions and activity on the EcoStart platform, and the higher the participation of buyers and sellers of cryptocurrency, the more benefits all participants will receive.
The development of a cryptosinger as a communication channel also opens to environmental enthusiasts a convenient and functional way to communicate in the ecological community, ensuring maximum confidentiality and anonymity.
ECOSTART FEATURES
1) Observation of the environment anywhere in the world
Monitoring in minutes. The participant enters the geoportal - selects a point - and sees the real ecological picture in the selected region.
2) Simple fundraising for environmental projects
Without banks, bureaucracy and significant costs.
3) Each member of the community will be able to create their own applications for environmental projects.
Application logic will provide smart contracts, and integration with third-party resources will provide an open API for developers.
4) Part of the commission from the TECO transaction is automatically sent to the environmental fund
When community members perform financial transactions among themselves, the commission from these transactions replenishes the investment fund (IEF), which finances green projects.
Roadmap EkoStart
ECOSTARTA TEAM AND ADVISOR
ECOSTART PARTNERS
EcoStart ICO and TOKENOV ANALYSIS
Pre-ICO: 19.11.2018 - 09.12.2018 | BONUS:
ICO: 12/10/2018 - 01/31/2019 | Price: 1 TER = $ 0.1
TerraEcocoin TECO is a private cryptocurrency, the only one in the world that provides financial support to environmental projects in automatic mode. TerraEcocoin in the hands of investors and entrepreneurs who finance environmental campaigns, will see the increased attractiveness of capital for environmental projects and the audience, which has specific goals in the implementation of environmental projects.
EcoStart, together with IEF, will consolidate funds into Cryptotics and dedicated environmental projects in the form of grants and investments approved by the majority of TerraEcocoin coin owners.
The release of the TECO cryptocurrency is a step towards achieving this goal, and a decentralized digital token will be created through a decentralized investment fund raising fund (IEF) and much more. This will allow the initiators of environmental projects to create their own tokens, which they can use as tokens of products, stocks in the project, electronic cryptoequels and participation certificates.
Tokens are issued through a single or expedited issue for a specific project and are approved by the Ecostart platform, consisting of an expert community of authorized trackers.
Symbol token << >> TER
Цена << >> 1 TER = 0,0005 ETH
Platform Efium
Accept << >> ETH, BTC, LTC
Country << >> Estonia
Whitelist / KYC << >> KYC & Whitelist
Restricted areas << >> USA
My opinion regarding this project
From my point of view, I can see EcoStart as an innovative, incomparable and undisputed project with great vision and a unique desire to become the most intelligent and relevant project in the near future in the whole world.
CONCLUSION:
There are currently many projects being created in different countries, but not many of them with a solid standard and good qualities like EcoStart.
For more or more details, please! Please follow the links below:
SITE: https://eco-start.com
WHITEPAPAPER: https://eco-start.com/docs/pdf/wp_en.pdf
Twitter: https://twitter.com/start_eco
FACEBOOK: https://www.facebook.com/ecostart.eb.9
TELEGRAM: https://t.me/ecostart2018
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