INTRODUCTION
Blockchain technology was invented to disrupt the previous centralized system to a modern decentralized ecosystem which features that sort the challenges the previous system is encountering. Some of its features are ability to make transaction fast, secured, eliminating third-party and giving power to users instead of centralized boss of the previous system. Many sectors have yield to the ideology of blockchain technology and has already implementing it into their system especially in financial sectors, health, school and many industries.
This technology is gradually taking over the entire system of the globe but there is always a question of how effective the technology could be; does it has the efficiency to offer the required services? We are all aware that there are still some loopholes accompanying blockchain technology.
A team of an expertise has launched a project to bring another revolution to blockchain by increasing its efficiency; the platform is known as ELISIA. Today am going to brief us all about them and why they came into existence.
WHAT ELISIA IS ALL ABOUT?
Elisia is a project that aims to upgrade the efficiency of blockchain technology. Elisia is platform that want to resolve all the challenges of blockchain and revolutionize it with a better efficiency with high-performance. Their goal is to make blockchain have accurate scalability, making transaction to be fast as lightning with less or no transaction fees and finally make the technology available for creation of decentralized application.
HERE ARE PROBLEMS ELISIA AIM TO COMBAT
Blockchain technology was invented to brings more life to the world and make things become easier but it is very unfortunate that the sectors using it are lamenting of the challenges they are facing which are scalability and connectivity.
Scalability challenges are accompany with issue of delay in transaction time which might be as a results of congestion on the system. Some of the blockchain network could not handle numerous transaction at a time which in the order way frustrating the life of investors who does huge business.
Another challenges of blockchain is connectivity. Blockchain has many block that not working together except connected together i.e transaction cannot be done from bitcoin network to ethereum network nor EOS network except they are being merge together.
SOLUTIONS BY ELISIA
Elisia is the solution to the above mentioned challenges and this could be achieve by the platform's consensus mechanism. This mechanism is based on DPoS chains, POS, and POW which have the ability to put off all the challenges facing blockchain. So Elisia have put up all task to make blockchain a high performances network. Elisia is increasing the scalability of blockchain which will make it handle numerous transaction and got deliver to the other end is a speed of light. Elisia is also upgrading the services of blockchain for people to be able to create a decentralized application on the network which are popularly known as DApp.
CONCLUSION
Elisia is a project that will make this new technology called blockchain acceptable by all sectors. Elisia will solve all the loopholes of blockchain including its scalability and connectivity. Elisia will make transactions fast and limit transaction fees and also make the creation of decentralized application possible.
FOR MORE INFORMATION ABOUT ELISIA, KINDLY VISIT ANY OF THEIR OFFICIAL LINKS BELOW
Website: https://elisia.io/
Whitepaper: https://elisia.io/white-paper.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5066777.0
Facebook: https://www.facebook.com/Elisia-199175400981031/
Twitter: https://twitter.com/Elisiaio
Telegram: https://t.me/elisiaio
WRITER'S INFORMATION
Bitcointalk username: Romanbank
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1968530
