eInc – A fork of Ethereum
A blockchain based startup – eInc
offers entrepreneurs as well as existing business owners a chance to incorporate or shift their businesses online in a decentralized virtual world.
This news which was announced recently to the media by the company officials, came shortly after the commencement of their token sale, which started on March 4, 2018.
The company claims to have built a blockchain which takes half the block mining time as well as offers 2.5 times the miner rewards, compared to ethereum. It claims to also have increased the network and transaction speed which will make the dApps (Decentralised Applications) one develops on it, faster and more efficient than one currently running on ethereum blockchain.
EtherInc is a fork of Ethereum blockchain to power the future of organizations — a decentralized blockchain platform for creating a digital organization based on cryptographic proof instead of trust, that can operate border less, permission-less, democratically and transparently with the consensus of its shareholders, without the need of a trusted third party or costly intermediaries.
Creating, managing and operating an organization can be needlessly complicated with lengthy paperwork, bank visits, legal complexities, numerous fees and unnecessary intermediaries and third parties imposing artificial restrictions.
We built eInc to empower teams around the globe to create, manage and operate decentralized democratic organizations that are more resilient and trusted, enabling efficient creation of value without borders, restrictions and costly intermediaries.
eInc aims to be available to entrepreneurs everywhere.
eInc removes the legal, financial and operational complications of getting started on your entrepreneurial journey. Reserve a name and quickly set up your blockchain organization.
Create and put forward organizational proposals for issues that need a voting. Votes are secure, transparent and impossible to forge.
Issue and assign stock with different vesting schedules and voting power of the shares to the founding team. Easily distribute ownership and bring different stakeholders into your organization.
Add founding members, assign roles and associate grade to build a robust team structure that ensures key people can instantly execute certain actions. Define how certain actions in your organization are decided and triggered.
Easily pay salaries to employees or make payments to third parties based on accepted proposals.
Raise funds from anyone in the world. Since every transaction will get registered on the public eInc blockchain, this makes your eInc more transparent.
eINC Official Links
Your reserved eInc will be able to raise funds by passing a proposal for ICO and issue of a tradable token. Using einc‘s built-in tokensale smart contract will ensure that tokensales is scam-proof, since the release of organization fund raised in the tokensale will be tied to the resolutions and will require voting from investors.
eInc is an improvement on the ICO fundraising model that incorporates certain aspects of DAOs. This idea was suggested by Vitalik Buterin in January 2018 and is aimed at making ICOs more secure by involving investors as part of the initial project development process.
Your registered einc organization will have a unique address and can be validated from einc scan (einc organization explorer — etherinc.org).
Better, faster, secure and inexpensive dApps
We decided to take a different path than Ethereum by:
– reducing block time from 15s to 6s
– increasing network transaction per second by 2.5x
– increasing transaction confirmation speed by 2.5x
– increasing miner reward by 2.5x
– removing uncle reward
– implementing finite supply for mineable coins
hence as per project whitepaper and details mentioned on website it seems a great and very usefull blockchain based project what is your opinion about it feel free to comment & Donate below.
Writer’s ETH address:0xcA436399292314800002dBc354066551ad93f601