Current web service providers limit organization accounts to only support single owner/admin who is granted unlimited access to add and remove users and manage the account resources. We see this in services like Github, Stripe, Heroku and thousands more. This kind of account structure cannot work for future decentralized organization where there is no single owner, no leader, no trust and no headquarters. Just people from all over the world working together in an open, trustless, democratic organization structure building centrally or decentrally executed software products.
WHAT IS ELLCRYS?
Ellcrys |el-kris| is a blockchain network that will allow anyone in the world start, join or contribute to open source software products and receive compensation for their contributions. Users will be able to create decentralized Git repositories that are censorship resistant, highly available and can be truly owned by multiple persons. Repositories can include all kinds of codes for different purposes such as web services, smart contracts, mobile apps libraries/packages, frameworks etc.
Rated on 4 Jan 2018
Great team, Good luck guys!
Rated on 4 Jan 2018
Outstanding! Nicely done.
Rated on 13 Jan 2018
Whitepaper should not be 20pages presentation, guys, if you want to fundraise. Where is marketing and financial info? A lot is missing, and even if idea is good - the vision is bad if not backed up with data
We have a more detailed whitepaper (https://storage.googleapis.com/ellcrys-docs/Ellcrys-Whitepaper-Technical.pdf) that contains more information. The current whitepaper is designed to give a simplified overview of the project without boring the reader. We included a link to the technical one, but I think it was not very obvious.
Over the next couple of months, this vision will be made clear as we improve on our marketing.
This article provides some context and may help you understand where we are going: https://medium.com/ellcrys/source-level-decentralized-autonomous-organization-sdao-36496722efd5
Rated on 17 Jan 2018
Whitepaper isn't actually a whitepaper at all. It is in fact a ppt presentation.
Platform does not become functional until Q4 2018.
Best estimate according to info $400mil usd hardcap? no chance...
too narrow of an adoption demographic for this to be a good investment.
Please take a look at the technical paper. https://storage.googleapis.com/ellcrys-docs/Ellcrys-Whitepaper-Technical.pdf. The ppt version is designed to give users a simple overview of the project.
> Platform does not become functional until Q4 2018.
I think it is a reasonable time to develop the first blockchain for software collaboration where we are working on a number of interesting concepts like stackmint, sharding, git decentralization, quantum token signature money, smart contracts and more. We are spending time researching, consulting, developing and testing. We will not compromise on the quality of the project and security.
> Best estimate according to info $400mil usd hardcap? no chance...
Please take a look at https://token.ellcrys.co for updated information.
> too narrow of an adoption demographic for this to be a good investment.
This is not true. Take a look at the most recent Github statistics:
- Total users: 24 million
- Total Organizations: 1.5 million
- Number of Repositories: 67 million
These numbers tells us that developers are constantly using Github to collaborate. Now, Ellcrys as a decentralized alternative will include most of the features provided by Github and will attract a good number of these users who care about openness, decentralization and governance. We also give them the ability to move beyond build software, but services. There is no where developers are able to build services while remaining leaderless and decentralized.
Demand for tokens will be driven by:
1. Developers paying transaction fees to interact with repositories.
2. Developers charging fees for access to user-facing or enterprise services.
3. Outsourcing firms paying fees for tasks completed by developers.
4. Regular p2p transactions.
An idea of possible token demand scale, Github received about 1 billion commits in 2017. Now if that were to be on Ellcrys, each commit requires a small fee which must be paid to prevent abuse. Demand is great for investors.
Furthermore, an Ellcrys organization can easily build a software/service that could attract millions of users who may be required to deposit the tokens before they gain full access. This is also demand for the native token.
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- Market Research
- Began Prototype Dev
- Halted Prototype Dev
- Project Announced
- First Whitepaper Release
- New Website Launched
- Second Whitepaper Release
- Token Pre-Sale
- Token Sale
- Test Network
- Main Network
- Polyglot Platform