ELLCRYZ

Abstract

In this paper, we present Ellcrys, a network for creating and managing open, decentralized organizations comprised of globally distributed collaborators working together to build software products and services. Ellcrys offers a blockchain network that integrates Git[1] to allow collaborator build software collectively and from anywhere. Anyone can create or join a project, contribute and get compensated by the network with coins.

Introduction

A community contract describes an entity that allows one or multiple collaborators build open source organizations offering software products and services such as a website, API, smart contract, packages, frameworks etc. Collaborators push and pull code to and from the network, perform governance functions by creating, approving proposals and receive compensation from the network.

Ellcrys is on a mission to create an ecosystem where open source collaboration goes beyond offering contributions during free or leisure periods to one where collaborators can build open source enterprises that can be proftable, thus, enabling them to spend more time building great products and improving open source ecosystem

Ellcrys’ goal as a network is not to become another decentralized network with the purpose of making centralisation irrelevant — Ellcrys is not anti-centralisation. Ellcrys leverages on blockchain technology to provide and enforce transparency between collaborators, node owners and the Ellcrys organization.

Ellcrys’ communities need a mechanism to reach agreement on topics or issues surrounding operations. Te model employed by Ellcrys is a Proposal/Approval Voting scheme where contributors create proposals and solicit approvals from other contributors.

Community contracts building software products intended to be accessed from a browser or as a web service may implement and structure their project to be compiled and executed by any centralized cloud hosting platforms that support Ellcrys’ buildpacks and host protocol.

Ellcrys Host Protocol

Token Sale & Budget Plan

Researching and developing the ideas above will require money. Although, the current team has contributed extensive time and money into research and development of prototypes for various components, we will need additional funding to continue. To this end, we will be hosting several token sale rounds. During the Pre-Sale, tokens will be issued on our own wallet system. After the main token sale, We will issue ERC20 tokens which will be swapped for the main network tokens when it is launched. Tis will be a 1:1 swap. Below are the details of the tokens distribution, Pre-Sale and Token Sale:

Distribution

A total of Two Billion (2,000,000,000) tokens will be sold during the Pre-Sale and Token Sale events.
Ellcrys aims to allow the use of modern languages such as Javascript, Go, Ruby & Python for writing smart contracts. Contracts are executed in an isolated environment with a capped execution time — Tis means contracts are expected to produce an output before the execution time elapses or risk forced termination.

Applications may choose to implement expensive operations in an externally hosted community contract or break the operations into multiple transactions. If the execution limit is insufficient, the protocol can be updated. Te amount of fee incurred by a transaction will not be determined by computation but storage utilised and execution time.

WEBSITE : https://ellcrys.co/
WHITEPAPER: https://storage.googleapis.com/ellcrys-docs/Ellcrys-Whitepaper.pdf

 

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zahra4577

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