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March 14, 2018, 02:18:56 PM
Last edit: March 14, 2018, 02:49:43 PM by Eleta_Coin |
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ELETA - Designed for decentralization, a blockchain with distributed database characteristics is a technique that ensures transaction transparency while keeping the data distributed and stored on each node always up to date. In this process, arbitrary manipulation in a specific domain is not possible through the convergence algorithm, and it is possible to operate a public transaction book secure from hacking.
Beginning with BitCoin, the first cipher currency, the most popular cipher in the market today is based on the above blockchain technology. However, stability has already proved itself as a stable operation for a long time, but more anonymity has been required over complete transparency, introducing the electronic signature method called "Ring Signature". The birth of ELETA came from this. Anyone using ELETA can activate the Ring Signature at any time to activate the transaction. In addition, ELETA enhances the anonymity of transactions and promotes POP-Proof of Popularity algorithm in order to expect explosive and stable growth based on the generality of social network service and strong propagation power. To implement Eleta's powerful redistribution function.
1. Common in Cryptography
Cryptography has different uses according to the purpose of birth, but the following characteristics are found in common.
01. The structure is structured so that transactions are distributed. Typically, under the principle of block-chain technology, consensus mechanisms and
smart contracts control the ecosystem of cryptography.
02. There is no regulation. ICO and cryptography are not regulated in most countries. However, some countries, particularly China, have banned ICOs.
(2017.09)
03. You can find it in open places such as GitHub as 'open source'.
04. Ensure trade secrets and anonymity at various levels.
05. Provides faster transaction rates than traditional payment platforms.
06. In general, it is no exaggeration to say that transaction costs are scarce. However, as in the case of the bitcoin, the level of transaction costs varies
widely from time to time.
2. Questions about existing passwords
We have put a lot of questions into the study of the following questions in developing the Cryptocurrency.
By this new technology to settle on market development gyeokeumyeo a lot of trial and error, however, but developed taking into account the distinctive face of the blockchain technology is happening now, the architecture and algorithms of various cryptocurrency common the indispensable basis for validity analysis As a result of calculation with the denominator, it was judged that the following questions should be resolved.
3. Improvement plan for the popularization of cryptographic money
Fibromyalgia password in the early Bitcoin currency (Bitcoin) was a child of any other coin research and development. It has been noted that new coins claiming new algorithms while maintaining similar characteristics to bitcoins vary over time.
Bitcoins and other major coins that are commonly used have the following problems.
-Expensive network fee issues·
Problems that are not suitable for small settlement depending on the size of the coin and the amount of the coin·
Problems that lack practicality beyond payment function· Limitations of the processing speed that slows down as the scale increases·
Problems sticking to the mining method of the minister's method
Eleta, on the other hand, has added a centralized consensus method to the decentralized branch technology based on block chaining, allowing it to be extended to settlement and remittance platforms, thus incurring initial investment costs in establishing a 'billing platform using cryptography'. There is also no entry barriers for potential future users by making them available as a means of cryptographic trading via credit cards. In addition, when Eleta's user grows heavily, the time to create a block is very small compared to the initial throughput. Existing coins have a large deviation from the highest coin to the lowest coin in terms of issuing size and initial set amount, and some coins are not suitable for micropayments to be applied as a means of payment in popular payment markets. Eleta is a cryptography with a mining reward program based on user usage. The existing coins adopted a completely different mining method than the one causing the environmental problems such as the excessive electric charge that caused problems in the mining process and the increase of computer resource usage.
Future direction and roadmap
Eleta is a cryptic currency that is valued at Coin's practical engagement. This means that most of the existing coins attempted to merge Bitcoin-based technology implementation experiments with various compensation algorithms and that digital money was born with the aim of being close to full-fledged currency in preparation for conventional means of communication. Existing means of communication, which have a physical form, now need to transcend time and space and are faced with the transformation of the means of currency, which is supporting the existing financial system, in accordance with the rapid globalization, globalization, and civilization.
Characteristic
ELETA is a password currency that combines the POS algorithm and Ring Signature method with the Blockchain principle. Eleta is used consensus methods to overcome the structural limitations that the existing cryptocurrency reputation algorithms through pricing Popularity (Popularity) on a POS agreed on an approach based on - (POP Proof of Popularity) new introduced devise popularity proves agreement algorithm. To prevent the so-called "wealth leap" phenomenon where rewards are concentrated on dividuals who own a specific organization or a large stake, and encourage more people to join the network by rewarding individuals based on the popularity calculated by the network expansion contribution It has the technical characteristics of.
It is a password currency that effectively combines the features of the so-called blockchain and the characteristics of SNS.
ELETA Core Technology: Blockchain + POS + POP + Ring Signature + No Hard fork = ELETA Technology
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