Blockchain to Decentralize Software Development

From this article you will learn how Ellcrys will create a collaboration network for building open source software products collectively using blockchain technology
22 January 2018   2685

Current web service providers limit organization accounts to only support a single owner who is granted unlimited access to add and remove users and manage the account and all resources. This is a fundamental issue that needs to be solved before decentralized, effortcentric internet organization is possible. On Ellcrys, a git repository is the centre of all collaborative endeavours, which is multiowned, and anyone can fetch its content, push contributions, verify and vote for pull requests and other proposals.

What is Ellcrys?

Ellcrys 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. Ellcrys blockchain decentralizes a git repository by bundling and distributing git objects across the network.

What is a Source-Level DAO?

  • A Source-Level DAO (SDAO) is a democratic enterprise where a decentralized source code repository is the epicentre of all collaboration and governance activities
  • Source-Level DAOs are a living, constantly evolving repositories that allow anyone in the world to contribute their skills (coding, design, testing etc) to a shared goal
  • Source-Level DAOs can be executed as smart contracts or deployed anonymously to AWS, Heroku etc
  • Source-Level DAOs deployed on centralized systems run autonomously without interference from the DAO contributors
  • Centrally deployed SDAO are extremely scalable and are deployed from the blockchain

SDAOSDAO

Ellcrys advantages

  • Decentralized Git Host: To enable open, trustless, democratic collaboration, Ellcrys leverages Git to allow anyone around the world to easily contribute to a project. Ellcrys blockchain decentralizes a git repository by bundling and distributing git objects across the network.
  • Polyglot App Hosting: Ellcrys is taking an approach that will bring transparency at the repository level. Collaborators collectively contribute to a repository and create proposals that authorizes any centralized polyglot hosting services of their choice, deploy and configure their application directly from the blockchain.
  • Smart Contracts: Ellcrys smart contracts are repo-addressable; This means that transactions are addressed to the repository they were loaded from as oppose to the contract address. Ellcrys will support development of smart contracts using languages such as Javascript, Go, Ruby & Python.
  • Open Source Software: Ellcrys will allow open source projects the ability to create paid branches that attract a fee to fetch. Maintainers and contributors can benefit from paid issues created by users. Contributors will earn coins when their pull request is accepted by project’s community.
  • Software Outsourcing: Ellcrys will level the playing field by allowing anyone outsource their software projects, set price as low as they can afford and allow independent developers take up task based on their preferred pricing.

Ellcrys RoadmapEllcrys Roadmap

StackMint Technology

New coins are introduced into the network through a process known as StackMint. StackMint is one of the fairest method of global coin distribution in that it allows anyone in the world to exchange national banknotes for new coins.

  • Anyone in the world can take a photo of any supported banknote using a mobile phone
  • Send the photos of banknotes to a network node for validation
  • Node on network analyse banknotes and rejects invalid banknotes
  • A second validation phase requires users to validate banknotes manually, users bet some coins and provide a validation result for a banknote
  • After validation and acceptance of the banknote, new coins are created and shared between the owner of the banknote and the validators

Ellcrys Stackmint TechnologyEllcrys StackMint Technology

Ellcrys Token Sale Information

Ticker: ELL
Pre-sale. from Feb 1, 2018 to Mar 1, 2018
ICO. from Mar 30, 2018 to Apr 30, 2018
–Token price. Pre-sale. $0.08
ICO. $0.1
Total Supply. Pre-sale. 800,000,000
ICO. 900,000,000

Ellcrys Tokens DistributionEllcrys Token Distribution

Soft Cap. Pre-sale. $1 Million
ICO. $5 Million
Hard Cap. Pre-sale. $30 Million
ICO. $55 Million
Bonuses. up to 35%
–Accepted currencies. BTC, ETH

Ellcrys Advisors

  • Victor Asemota - Co-Founder, Director at SwiftaCorp
  • Emeka Okoye - Senior Semantic Web Architect at Cymantiks
  • Lanre Oyedotun - Co-Founder/CEO at Delivery Science Inc
  • Chuka Ofili - Co-Founder, Chief Enterprise Architect at Delivery Science
  • Ebot Tabi - Senior Technical Consultant at Andela

Documentation

  • Whitepaper
  • GitHub

More Information

  • Website
  • Medium
  • Twitter
  • Facebook
  • Telegram

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ACTN Token Distribution About to Close

The users have last chance to get their 1000 free ACTN tokens as the token distribution for registration closes on March 1, 2018
21 February 2018   33

The Action Coin Platform represents over 500,000 Action collectors and customers from more than 200 countries and territories. It is the basis of an incentive-driven rewards program with “points” that are rewarded in the form of a decentralized, blockchain-based digital asset known as Action. Action may be redeemed for member-only discounts on a growing list of products and services offered through its business network.

ActionCoin has announced that the users who sign up are entitled to receive 1,000 FREE ACTION during the official token distribution event (Airdrop) scheduled to commence on March 1, 2018.

The two first phases of ACTN token pre-sale are already finished, and the third one will be held from February 21 to 25, with 250,000,000 Action tokens to be sold for $0.02 USD each.

BTC, ETH, XRP, XLM, LTC, NXT are accepted during the presale. The current market rate will be locked in at the beginning of each presale phase, for the entire phase.