The Ellcrys Protocol
A hybrid protocol that leverages Proof-of-Work, Proof-of-Stake and human work to create a platform that is fast, inclusive and resilient to attacks.
Ellcrys lets anyone, anywhere in the world to co-create, co-own and co-govern software products, services and organizations without relying on a centralized authority. Open source collaborators are empowered to start or contribute to communities dedicated to creating community-run software products and services using a source code sharing and collaboration technology that is open, decentralized, fault-tolerant and censorship-resistant.
Ellcrys offers a decentralized git hosting system that enables developers to store and share codes that cannot be censored or abruptly destroyed. It also provides an ownership layer that allows thousands of people to share ownership of software applications (like mobile apps, web applications, REST APIs, libraries, frameworks, desktop apps, etc.). On Ellcrys, collaborators are empowered to govern themselves through the provision of tools that allows them to create simple to the complex governance system. Ellcrys also features a virtual machine that allows collaborators to create blockchain applications or DApps using established languages like JavaScript, Go, C++ and more.
Ellcrys protocol integrates both Proof-of-Work and Proof-of-Stake consensus algorithms to create a system where miners propose blocks and PoS miners validate these blocks. Without the vote of PoS miners, a block cannot be appended to the chain. To increase transaction throughput, they are leveraging BitcoinNG’s leader-based block creation mechanism which introduces faster blocks that are created in shorter intervals than slow blocks created through proof-of-work.
In this round of airdrop, 20,000,000 ELL in total will be distributed. Each participant will get 500 ELL tokens with an estimated worth of $40.
- Sign up for an account at Ellcrys Suite
- Click on Get Free Token’ button with blue background in the header, fill the form and click on Get 500 ELL
- Set your ETH address by clicking on the Update from the home page and input your ERC-20 wallet address
- Must follow these accounts: Twitter, Facebook, Telegram and Discord accounts.
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