Blockchain technology and our lives are inextricably linked and those should be considered together.
You may not be able to feel the blockchain has begun to get involved in your life, but blockchain technology can compensate for the disadvantages of existing centralized systems or replace the entire system. (Moreover, even without explaining the superior capabilities of blockchain technology, the breakthrough in cost savings is coming to an irrefutable industrial revolution.) And progressive companies comprehend that considerable financial savings can be realized by employing a corporate strategy to Introduction of Blockchain technology. These things are self-evident even if I do not explain them.
You would probably want Elementrem to quickly develop into the mainstream of the Blockchain world as soon as possible. Some Blockchains and Tokens have developed into the mainstream in a short period.
Let me get something straight here.
Have you ever imagined a world where electricity is free? It looks wonderful, but as you know it is impossible. The raw materials are limited, and considerable resources such as time, labor and equipment are consumed to collect the raw materials. Even though the raw materials are unlimited, more resources are depleted for power plant construction and power transmission. Anyway, if the electricity is available free of charge, the power plant will explode with overload or be in trouble.
Here we can find some similarities with Blockchain World.
The raw materials can be compared to the computer/network, and the power plant can be compared to the blockchain system. What is the electricity usage charges? Yes, it is Cryptocurrencies. (This is a way to tell you more readily than making a proper comparison). We pursue the right balance of raw materials, power plants and electricity usage charges, but striking the right balance is super tricky.
So we have set the principle that we will only work on improving the functionality of Elementrem; the most important thing is the reliability and durability of a platform.
Numerous blockchains are broken due to unstable functionality and unreasonable radical updates. This phenomenon is no different from a power plant being shut down. We are building a power plant that is very robust and can last forever even if it is slow to make. We have been doing stable updates for a year and seven months without stopping, and our ultimate goal is to make the Elementrem Power plant eternal.
Let’s not forget the currency value of Element(ELE). This is very important concerning operating a blockchain network. This point has many discussions and issues that have considerable validity, and I agree with most of them. Anyway, in previously explanation, I compared the currency value of Blockchain to the electricity usage charges.
The blockchain, designed by Satoshi Nakamoto, can ultimately be used to centralize and process raw materials (Computer resources) that are spread over a wide area and provide a significant technology (Comparable with electric power) that can be used in the new world. The reason for this comparison with electricity is that it has an extensive range of applications to cause an industrial revolution, and it is a system that needs to be paid as much as it is used.
Some say Bitcoin is just a number and a monetary unit, but it's not at all. The bitcoin is a means of payment that can generate a "contract" on a bitcoin blockchain platform and can use data storage / complex computation/automation processes depending on its use. Besides, the non-centralized mutual verification method can remedy the shortcomings of the existing system.
There is one crucial thing that we must remember.
"If the proper usage charges is not calculated, it cannot be used."
However, the truth of the matter is that We do not think there has been an awful lot of very substantive research on this.
How should we calculate our prices electricity usage charges?
If it is too expensive, it may be more useful to use microgeneration. Conversely, if it is too cheap, what do you expect? You get what you pay for.
Most of the usage charges will be imposed by the country or organization, but is this reasonable? If we consider only a few things such as raw materials, power plant type, power transmission facility, maintenance cost and so on, we can get a more reasonable usage charges. Even if a reasonable usage charges is derived, usage charges will be further subdivided depending on the quality of electricity, voltage, supply stability, and Intended use, etc.
It is a complicated problem, but if you leave it to the principles of market economy and free competition without the intervention of a country or the organization, the usage charges will be calculated very efficiently. Compare to the blockchain ecosystem; we must assume that the electricity supply can be supplied freely and not uniformly by any organization or country.
If our team stick to these principles as much as possible, We should refrain from any action that can change the usage charges as much as possible. Our team will show you updates and strategies for Elementrem, but refrain from community involvement and pump & dump actions. Although it can boost prices as a result of promotions and diverse community activities and news and announcements, this is not good for Elementrem in the long run.
An attempt to get into the mainstream with excessive force in childhood can over-activate potential risk, increasing the risk of meltdown in adulthood. In fact, many Blockchain has collapsed or disappeared because of this. If you've been watching a lot of Blockchain and Token for a long time, you get my point.
But, That does not mean we do not do them at all. We will be active in communities, promotions, and news at the right time. Oh, and we know for sure that we need to add the market list of Elementrem. A new Market will soon be added.
As you probably know, We are a member of the hyperledger.
“We have no doubt that Hyperledger will become a necessity for enterprise blockchain,” said Isaiah Kim, Founder and CEO, Elementrem. “It is a great pleasure for us to carry out the project with this vibrant community. At Elementrem, we are well aware of how important it is to migrate existing information into blockchain in a flexible way in order for companies to be able to process their new information for evolving business needs. We will work together with Hyperledger to help companies utilize blockchain effectively as a familiar interface regardless of their type of information.”
Today, we live in an ecosystem where various blockchains co-exist. Each Blockchain has its advantages and disadvantages. Not only Bitcoin but also the frameworks of The Hyplerdger. What if you could manage and use these blockchains in unison? And the technology of Blockchain has excellent utility, but it is still not enough to replace the existing system. What if there is a way to integrate efficiently with current systems?
You can view this question as a very forward, very advanced way of thinking about the blockchain ecosystem.
We have proposed to the hyperledger how to use multiple blockchains in unison with Elementrem and existing DB systems, and The hyperledger is also very interested in this proposal. It’s not an easy job. However. We set extraordinary expectations and goals, and we believe in the joy of achieving significant results. We named this project "geniela", and details will be announced later. Due to the geniela project, the roadmap will be revised drastically.
