Most entrepreneurs have their dreams of setting up and running their business short-lived. They usually wake up to the reality that it takes a lot to get a business running and more to sustain it as a result of many complexities encountered. These problems most of the time are attributed to lack of sufficient funding, geographical barriers, regulations, disputes that may arise between partners and other oversights.
The idea of autonomous organizations was birthed by the blockchain technology, an organization that is not bound by geographical boundaries, regulations, doesn’t incur significant costs to set up. Many projects have tried to get this idea started but they have failed to harness the full potential of blockchain technology in making DAOs a reality.
EtherInc (EInc) is a blockchain based platform designed to create unique protocols that will permit the creation, running and managing of decentralized apps and Organisations. EInc enables entrepreneurs from different parts of the world to come together in partnership and create Decentralised organizations that are not bound by geographical boundaries, regulations and doesn’t cost a leg and arm to set up. The Ethereum Blockchain currently lack the full capability of running global organisations as a result of lack of scalability which has resulted in slow transaction speed and confirmation time, transactions now take between seconds to minutes and in some cases hours to be confirmed, this has also affected gas price as it has continued to rise in over the years. In order to create a fully decentralized architecture for deploying DAOs and dApps it became necessary to create a better alternative of the Ethereum Blockchain and this led to the fork of Ethereum network with more enhanced features.
The EInc blockchain is a hardfork of the Ethereum blockchain, it has been able to make significant improvements when compared to the Ethereum Blockchain. Block time has been decreased from 15s to 6s, as a result, network transaction, transaction confirmation, and miner rewards were also increased more than twice what is currently obtainable on the Ethereum Blockchain. Uncle reward has also been removed and instead of an infinite supply for mineable coins, mining reward on the EInc blockchain will last until Friday, 7th Feb 2042 after which no block reward will be awarded to miners again. These are the great improvement over the Ethereum blockchain, providing a better scaling while maintaining decentralization.
The EtherInc solution is a fully equipped fundamental layer that enables anyone to create and run decentralized autonomous organizations, dApps and create smart contracts, setting up rules, specifying roles as well as stating transaction format.
ETI coins have been developed specifically to fuel the EInc Blockchain with various uses such as creating and running decentralised organizations, payment of salary, creating and voting of proposals, and other payment solutions.
EInc is proffering a major solution to setting up of global organizations, it’s adoption will spell a major win for the crypto community. Setting up global organizations is now in a jiffy, people are no longer restricted by geographical borders, the cost has also been reduced there is no more need to pay exorbitant fees for legal documentation and business incorporation, hire auditors or legal practitioners to settle disputes since smart contract enforces all the rules
#Official EInc ICO links
Website: https://einc.io/
Whitepaper: https://cdn.einc.io/assets/files/einc_whitepaper.pdf
Telegram: http://t.me/eincHQ
You can reach me on Bitcointalk https://bitcointalk.org/index.php?action=profile;u=2171173
ETH Address 0x637936125a026df6BE052742B11319A950c9Bc7c
EInc Wallet 0x24B9a9467A518654cBad2E5A30E8dEc8766CE6a7
