ELISIA – Lightning Fast Transactions With No Fee
Hello everyone, readers of my blog Syndrome ICO. I will explain a bit about the crypto currency project, This is most relevant in the world of crypto currency, which is characterized by its high volatility. I decided to look for a project where all the tools for productive, high-quality and profitable trading by crypto-currencies will gather. And this is the ELISIA project.
Elisia is the most exciting development in the blockchain world since Satoshi Nakamoto unleashed Bitcoin in 2008. Elisa provides lightning fast transactions with no fee. Each Elisia transaction will reach its destination in lightning speed without any fee to sender or receiver! Decentralized Applications (DAPPS) can be created with ease and deployed on the Elisia network with a click of a button without any fee for deployment.
A business may have developed a Dapp on a blockchain platform, but instability of that platform or discontinuation of the said blockchain should not be a detrimental factor for the said Dapp. A business can migrate from one Blockchain platform to another blockchain platform with a single click or few minor adjustments.
We propose a blockchain platform (Elisia), which itself is a Dapp platform having the ability to build a Dapp for any existing blockchains and allow migration of Dapps from one blockchain platform to another with a single click. This paper outlines the context, vision and software architecture underlying Elisia, which we are building to serve a broad and diverse group of users and blockchains.
In 2018 almost everyone has heard the words Bitcoin, Blockchain or cryptocurrency, but how many people are using Blockchain technology for building solutions for their businesses or personal use? Only a handful people use the real power of blockchain solutions to either build payment solutions or to deploy a Dapp for the purpose of growing their business. Vast number of businesses are still confused about which blockchain to adopt for building their Dapps?
They are either unsure about the transaction fees, sustainability of the blockchain platform, doubts over the team building the blockchain, etc. At Elisia we propose a blockchain solution, which synchronizes all of the blockchain development platforms in a common platform and provide a unified interface to develop and deploy the blockchain based public and private applications on a master chain (Elisia) or sub chains like other Dapp building platforms with a single click or minor adjustments. Elisia blockchain is a delegated proof of stake (DPOS) chain with the side chains comprising of different algorithms like proof of stake (POS), proof of work (POW), delegated proof of stake (DPOS), etc.
THE BLOCKCHAIN TECHNOLOGY
Plenty of startups are now using blockchain for everything, from music sharing to global payments, from monitoring diamond sales to the legalized marijuana industry. This is why the technology has a vast potential. When it comes to digital transactions and assets, you can place anything on the blockchain.
Blockchain is basically a distributed database that keeps shared records. These records are blocks, and every block of encrypted code has a record of the block history before it. Each block includes time-stamped information on the transactions made down to the second. The effect is a chain of those blocks to get them together; hence, its name.
A blockchain has two major components: an immutable ledger that the network keeps, and a decentralized network verifying and facilitating transactions. Everyone with access to the network could see this shared transaction data, but there is no possibility that the records can be corrupted or hacked. This decentralized trust means there is no one organization that controls the data, be it a tech giant or a big financial institution.
THE CHALLENGES OF BLOCKCHAIN
Blockchain technology has the potential to revolutionize the world the same way the internet did- maybe even better. Already, it’s proving its capabilities in areas like finance, identity management, governance, asset management and many more. Blockchain network features such as; transparency, immutability, security, cost-effectiveness, and trustlessness will forever change the way institutions and individuals operate.
Nonetheless, most real-world businesses have been slow to adopt this technology because of two major challenges currently associated with it.
In a conventional crypto world, each Blockchain has to create a complete ecosystem with its users, native currency and DApps. This has resulted in Blockchains operating in silos, which makes it difficult for the networks to communicate with each other. And without connectivity, direct transfer of assets between Blockchains is indeed an uphill task.
As you can rightly guess, this lack of interoperability is a big hindrance to the mass adoption of Blockchain technology.
Leading Blockchain networks such as Ethereum and Bitcoin have trouble supporting massive transactions on their network. Network congestion here often results to slow transactions and an increase in transactions fees.
Therefore any emerging Blockchain network hoping to host users at a global capacity and meet the practical needs of businesses has to increase its blocktimes tremendously.
ELISIA – THE REVOLUTION OF BLOCKCHAIN
Elisia is a revolutionary network of blockchains which intends to resolve the issues and create a high-performance blockchain which is scalable, lightning speed with no fee transactions, and allowing potential users to develop Decentralized Applications (DAPPS). This is achieved with a consensus mechanism that is based on the Delegated Proof of Stake (DPoS) chains with other sidechains comprising of different algorithms like proof of stake (POS), proof of work (POW) and delegated proof of stake (DPOS) etc. Elisia eliminates the mistakes of its predecessors, solving the problems of scalability and increasing transactions per second, as well as bringing blockchain technology closer to mass adoption.
Elisia aims to provide a user-friendly platform to increase user adoption of blockchain technology as a whole. Elisia platform built on top of a highly secure blockchain, integrating the mixture of different technologies. At Elisia, all crucial integration of blockchain technology service is ever on their fingertips. Elisia’s team of experts works day and night to provide its clients a lifetime free flowing blockchain technology using the best decentralized tools available.
Elisia is scalable enough to sustain active operation of thousands of industrial grade DApps at the same time, while the military-grade security of the Elisia Platform ensures the stability of the network. Furthermore, each transaction within the Elisia Platform, is free of cost. There are no hidden charges involved. The transactions promptly arrive at the desired destination at a rapid speed.
ELISIA TOKEN SALE
According to the company roadmap, https://elisia.io/ #roadmap, Elisia token sale commences from November 30th, 2018 to January 2019. The estimated token price is about 0.0001 ETH, and the overall token supply is 1,000,000,000 ELSA. Elisia sets an initial hard cap of 50,000 ETH.
Only whitelisted addresses or member who have submitted KYC documents and been approved will be accepted to participate in the Elisia ICO. This will ensure that there is no possibility of an investor from a restricted country or non-verified member participating in the Elisia ICO.
First Tech White Paper
White Paper Released
Token Sale Begins
Elisia Network Development Begins
Token Sale Ends
Released on Major Exchanges
Elisia Network Testing
Elisia Network Development Complete
Elisia Network Official Release
ELSA Token Swap
First Annual DAPP Contest
Finally, what I can say is the tremendous potential of this company. All-round ICO is very striking. This is a great open road to enter the ICO world.
If you know how to improve our community.
If you know how to spread information about us in this world.
If you have any ideas for other improvements, it is a privilege
If you all participate in our bounty.
For more information about Elisia, visit the following links:
WEBSITE : https://elisia.io/
WHITEPAPER : https://elisia.io/white-paper.pdf
ANN THREAD : https://bitcointalk.org/index.php?topic=5066777.0
TELEGRAM : https://t.me/elisiaio
TWITTER : https://twitter.com/Elisiaio
Author : Eslilin667
My Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1592209
Myetherwallet : 0x8BF5F2559AeAe3f5CBf48cD6994A3fDb9B2Bc0a8