There are some risks limiting the growth of cryptocurrency and blockchain technology in general. This includes the regulatory risk, market risk, technical risk and financial risk. In order to mitigate these risks, a group of professionals set up the EtherInc (elnc) platform, which is described as decentralized and borderless, similar to bitcoin, that is unaffected by artificial restrictions, geographies and intermediaries. The goal of elnc is to create a reliable protocol for managing decentralized organizations as well as designing decentralized systems and applications. It also places emphasis on rapid development time, provision of security for rarely used applications and the effective interaction of different applications.
The platform aims to use different measures to mitigate the various risks affecting the growth of cryptocurrency. For regulatory risk, a separate P. R department will be set up to actively communicate with industry practitioners and relevant government institutions, so as to perform and develop its blockchain application, trading, blockchain finance, trading, digital asset issuance as well as other businesses existing under the legal framework. The fact is that we have some governments that have enacted laws and other policies prohibiting the sale of tokens and the use of cryptocurrency in general and it is better to avoid this at all cost.
The Blockchain industry is still growing and will face numerous market risks in the future. In order to lessen this risk, the elnc operation team will hold press conferences on the progress and development of projects on regular basis to interact with relevant businesses as regards the needs and prospects of the market. With this in place, the project will be able to respond promptly to any market changes or queries emanating from the community. In addition, this will enable individuals and organizations to run businesses through the blockchain channel.
In terms of technological advancements, the platform requires the involvement of extensive research and also places emphasis on the engagement of top-notch technical talent. Furthermore, the platform seeks to work closely with research institutions and other top developer communities for the development of ecosystem and will ensure the regular allocation of funds to support the growth of elnc community. Another feature of the platform is that it collaborates with other crypto platforms and blockchain industries to manage the technical risks of the project.
Finally, financial risks are mitigated through the following ways; all the digital currencies generated through pre-sale or coinsale are kept in multi-signature wallets using cold storage. Also, it uses the 3/5 multisignature to effectively manage the loss or exploitation of project funds. By Q4 2018, the elnc dApp marketplace will be launched followed by other notable projects to ensure the smooth running of the platform. The EtherInc team and advisors offer a relentless passion for technology and have a proven track of achievements. Most of the team members have worked for Accenture, PWC, EY, Deloitte and other established institutions.
In summary, elnc empowers team from different parts of the world to manage, design, and operate decentralized systems that are more trusted and resilient. It ensures that the systems are run democratically to boost the confidence of investors and protect the interest of the majority of the stakeholders.
For more information about this project click on any of the following links:
Website: https://einc.io/
Whitepaper: https://cdn.einc.io/assets/files/einc_whitepaper.pdf
Telegram: http://t.me/eincHQ
Facebook: https://facebook.com/eincofficial
Twitter: https://twitter.com/eIncHQ
Bitcointalk ANN thread: https://bitcointalk.org/index.php?topic=3780435
Information about the author:
Bitcointalk username: Anike01
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1565368
eInc wallet address: 0x5b38fB1E0494507Ed6994A132E07e0861a6D891c
