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 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.