ENDO: Protocol for Data Verification and Storage
Most times, we invite nemesis upon ourselves. Empowered by the leverage smart phones have given us, we interact over the internet with careless abandon. The likes of Google and Facebook extract users’ personal information. After necessary computations, derived data is sold to third-parties such as companies that want to get their services in your device’s screen.
On the other hand, there is common practice on online platforms. It has become a norm for users to falsify their information probably to position themselves in itemized positions for a job. It is however sad that there is no service in place to check this.
Data cannot be traced because its sourcing is multiple. It is common practice to delete unwanted information and this was made possible because of the decrypted model data takes. However, there are few platforms that go the extra mile in confirming information. The system seems fragmented because their confirmation mechanisms differ.
Another pressing issue is data decoding. Information sent across multi-countries and regions will be had to decipher. Information penned down in French might be hard for an Englishman to decipher. In related development, data storage is protected in centralized database. This will come under siege if a hack is attempted.
ENDO seems to have ready solutions to these problems.
Control Your Data
The first vital step ENDO takes is revoking current data module. It is ironical that your information is collated, sold and its proceeds used by the same source. ENDO backed by its block chain, decentralizes the already-fragmented data system.
Data rights are returned to the end-user and more so, encryption is available making your information known to you alone. On the storage downside, ENDO is bringing on a revolution. There would be movements from centralization of data storage to the decentralized sphere backed by the block chain.
Architecture
Worthy of mention is the clarification on ENDO’s automation. The platform integrates core frameworks for its facilitated throughput. Hence, there is no AI on the platform that automates transactions.
Blockchain
At the core of ENDO’s architecture is the block chain technology backed by the distributed ledger technology. This allows decentralized storage of information just as transparency is on the optimum.
Protocol
The platform itself is a protocol that integrates relevant algorithms and business logic in regulating and facilitating throughput among other nodes and network units. The ENDO Protocol will feature in data verification and encryption just as it supports seamless data transfer among parties.
Consensus Mechanism
ENDO utilizes the Byzantine Fault tolerant consensus and the Delegated Proof of Stake consensus algorithms for transactions. These algorithms were popularized by their faster throughput and low costs.
Use Cases
What you Gain
Information verification is one persistent problem in today’s society. ENDO offers users immense prospects that will meet existing pain points. As opposed to centralized data storage, ENDO has multiple chains that contain data. In the event of one chain losing its data, the other will have a duplicate.
Data is also securely-stored using a closed-key encryption algorithm. Going down the lane, scalability is assured. Powered by the DPoS consensus algorithm, ENDO can achieve over 65, 000 transactions each second. The platform also scores available data on specific institutions.
Token Distribution
Crowd-Sales: 40%
Incentives: 15%
Liquidity Fund: 15%
Team: 14%
Advisors: 12%
Referral: 2%
Bounty: 2%
Below is a graphic representation of this distribution
Token Sales Information
Token Symbol: ET
Platform: EOS
Soft Cap: $5 million USD
Hard Cap: $5 million USD
Exchange Rate: 1 ET= $0.0375 USD
Accepted: ETH, BTC, Fiat, LTC
Country: Singapore
Restricted Areas: Iceland, Myanmar, Tanzania, Cuba, Burundi, China, the USA, Cote d’Ivoire, Singapore, Canada, Thailand, Syria, Zimbabwe, New Zealand, Liberia, Iraq, Korea, Libya, Iran, Balkan, Afghanistan, DRC, North Korea, Lebanon, Somalia, Zaire, Rwanda, Sierra Leone, Uganda, Sudan
Team Members
Bottom Line
ENDO is one-stop block chain for data verification and storage. The platform does not relent on its goal of making information encrypted while processing verifiable information. It is clear that the booming era of data falsification might have just gotten a nip in its bud.
More resources to learn more about the project follow the links below:
Website: https://endo.im/
Whitepaper: https://endo.im/whitepaper/
Facebook: https://web.facebook.com/endoprotocol/
Twitter: https://twitter.com/endo_protocol
Telegram: https://t.me/endo_en
ANN Thread: https://bitcointalk.org/index.php?topic=4073209.0
Writer Bitcointalk Profile Username: PLMovs
Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2035939