The idea of taking basic blockchain technology and applying it to other concepts also has a long history. In 2005, Nick Szabo proposed a concept of proprietary rights protection with owner authorization, which explains how "new advancements in replicated database technology" would enable the use of block-based systems to store a registry of someone who owns multiple lands, creating a complex structure that includes concepts such as manor, unprofitable ownership and land tax. Unfortunately, at that time no database system was replicated effectively, so the protocol was not actually implemented in practice. However, after 2009, once the Bitcoin decentralization consensus was developed, a number of alternative applications emerged quickly.
What is Elementh?
Elementh is a blockchain designed for the e-commerce sector. This is a list of "ownership" items, which have the ability to write a special smart contract and use nomenclature standards to quickly make the app decentralized and centralized.
Elementh feature
One of the main features of Elementh is the availability of uniform nomenclature. To ensure that the item card is as accurate and accurate as possible, and to reduce the chances of making a duplicate card, the cost of making and using the card will be different. To create merchandise cards, participants must pay, for example 1 EEE (the price will be determined by choosing a delegate). When an owner adds items to the system, he is offered to use an existing card or create a new one. The use of existing cards costs 100 times less than the new one (e.g., 0.01 EEE). The cardholder receives a gift for each owner of goods using his business card, and also transacts using this card. Each participant in the system can complete the information in the existing card,
Originality of goods
The items in the system are in one copy and if the goods with the same serial number are added to the system, each dApp can notify the buyer that the origin of the item is unknown. If the ownership chain is from the manufacturer, the authenticity of the goods will be made throughout the network.
1. Software is a modern type of Automata
I did not master computer science, so I did not know exactly what the computer was until I graduated so I can not forget when I read the part of Automaton in my first computer book.
Automata is derived from the Greek word αὐτόματον and refers to acting in its own will, ie in its own will. And Automaton is an abstract machine that can solve computing problems in computer engineering. Therefore, the computer field can be considered to make a robot to solve the calculation problem.
The software is Automaton, the modern version of Automata. So the software can solve the computation problem solved by Automaton. This calculation is not a 1 +1 arithmetic calculation as you would expect, but it may be true in some respects. Modern software all consists of boolean circuits, which are implementations of digital logic, and digital logic consists of 1 and 1 -> 1, 1 and 0 -> 0. The true / false forms are from human logos so that everyone understands the basic device of the device soft.
2. The software uses the language implemented using FSM
In the automata theory shown above, there is a finite state machine (FSM) in it. FSM is a mathematical calculation model. Automaton is implemented by changing the number of limited states. Formal language means that the software programming language that we understand can be accepted by this FSM. Language interpretation, known as compiler, can be done with algorithm derived from FSM theory.
Developers often do not even know the FSM algorithm. Everyone thinks that there is room to develop their field of specialization and they learn it efficiently. But if you dig the FSM algorithm a bit, you can see how the world is ahead of us and the way we think is reflected in the software. And once the time spent in this miracle has passed, the problems that modern Automaton will begin to look.
3. Software associated with the block chain will change
Often when a chain of blocks asks why there is a possibility of innovation, everyone responds that it creates a "trust" that has not existed before. Existing business projects have information that is exclusive to each other, and they do not trust each other when exchanging information. Information in chain blocks is reliable because it is reliable. This is not wrong, but not easy to apply when trying to assess blocked projects. If you think about what information you should keep, it becomes unclear. That's because the information you want to save is your app code, or Automaton.
In the case of early bit coins, the information exchanged with the coins has just climbed into the chain of blocks. It is known that the dAPP platform after Etherium is self-functional. At this point, the most basic is having a language. Etherium has developed its own language, Solidity, and several other supported platforms using existing languages such as c ++, c #, java, javascript and so on. Either way, Automaton is on a block chain.
This view is somewhat different from the view that 'data' rises in the existing block chain. A good project depends on a clear definition of what function (automaton) is going up.
Therefore, both dAPP in the block chain and the external server that uses it will look different from the existing software. For dAPP, you need to develop an "open-source" logic with the necessary information. And when the blockchain participants grow their business, there will be new functions that need to be released, and the process will change globally. The dAPP structure reflects that, so there's plenty of logic to make the assumption that ordinary servers do not have or check some global information. In addition, both data and processes tend to be standard worldwide.
Market
The largest holding company in China is Alibaba Group.
Elementh Blockchain can be used by the world's online markets and stores for their nomenclature standards and goods systems. E-commerce is a growing market in all countries and the popularity of a decentralized market is a boon for the Elementh Foundation. If we are going to partner with all new markets, our blockchain can be standard in the e-commerce market.
Roadmap
- 2012 - Establishment of MIIIX company
- 2012 - Investment from RSV Business Partners and business people
- 2014 - The number of product categories is 1000
- 2016 - In the MIIIX database there are 70 million SKUs in 30,000 product categories, 1000 stores from various industries, clients from small shops to the largest portals in e-commerce (Sberbank AST)
- 2017 - Transition to blockchain technology with introduction of opensource project Elementh
- 01/2018 - Private Pre-SALE (15.01 - 31.01)
- Whitelist only; min. 10ETH or 1BTC; max. 100 buyers;
- 02/2018 - Pre-ICO (01.02 - 14.02)
- min. 1ETH or 0.1BTC; max. 1000 buyers; 1EEE = 0.0001ETH; BONUS white list: Day one: 30%, Day 2: 15%
- 03/2018 - ICO (01.03 - 31.03)
- 1EEE = 0.0002ETH; BONUS white list: Day one: 30%, Day 2: 15%
- 06/2018 - Alpha-Elementh version of blockchain
- 09/2018 - TestNet blockchain element
- 12/2018 - Launch of Elementh blockade
- 03/2019 - Launch of the first DAPP
For more information please visit the Elements and Social Media Websites below:
Official Website: https://elementh.io/
Whitepaper: https://github.com/ElementhFoundation/Documentation/blob/master/ElementhWhitepaperEN.md
ANN Thread: https://bitcointalk.org/index.php?topic=2590603 .new # New
Official Facebook Page: https://www.facebook.com/Elementh-1371154296341075/
Official Twitter Page: https://twitter.com/Ahooleeman
Official Telegram Channel: https://t.me/elementh_community
Author: Adikusnadi
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile
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