ESSENTIA – The Decentralised Way of Organising
Have you ever dealt with the problem where your files in your laptop, PC or even your phone, are scattered all over the place, and you have no idea where each file is? When you want to open a file, or refer one file in another, it becomes difficult because the files are in different locations and you have no idea which file is where. This happens either because the files get stored haphazardly when you download them from the internet, or because you were too lazy to create a folder and save the files in that folder. The bottom-line is, when the number of files increases, so does the difficulty maintaining them.
Now, try expanding the scale of this problem to the size of the internet. Scattered platforms and data, which work well on their own, but have no way to be used together cohesively as an efficient unit. This is a legit problem, which is hindering the possibilities of new powerful interactions and the paradigm shifting process from Web 2 to Web 3. Especially, with more and more decentralised applications being developed with the emergence of blockchain technology, it has become imperative to come up with a solution to put everything together into a closely-knitted framework. Fortunately, Essentia has come up with a fix to this problem.
What is Essentia?
Essentia is a modular decentralised interoperability and data management framework. This basically means that, it is a platform that enables different pieces of the internet being developed across the world to be integrated as a single working unit that provides efficient services. Here, "pieces" refers not only to platforms, but also the data associated with it.
As complicated as it seems, the product can be broken down into two basic components: Essences and Synergies. Essences are the data components of the product. Users own their data, interlinking them across multiple devices. These users are decentralised, and interoperability between them is made possible by using subIDs, permissions and self-triggering, information related smart contracts. Synergies, on the other hand, are responsible for linking different platforms, resources and modules together as a cohesive unit that can communicate and operate in unison.
Finally, developers can build applications on top of them and users can pay for these applications, which are leaner, more powerful and efficient.
One-of-a-Kind
Essentia provides modularity, scalability, full ownership of data and transparency. But this can be said about any blockchain-based technology. So what is it that really sets Essentia apart? Essentia is the very first project that takes care of making decentralization concretely fungible, and effectively usable, by the users. Even in terms of its working and idiosyncrasies, it cannot be compared with any other project. It supports different blockchains and can work on any device and enables easy usage of enhanced verification procedures with risking data or privacy.
Essentia also plans to implement masternodes, which would be powered by the sale of Essentia's utility token, called ESS. On full development of the Essentia framework, the ESS token will also enable security features, generic exchange, distributed governance and incentivization.
Decentralise Yourself
With its unique idea, proficient team and powerful investors, Essentia is on its way to becoming a successful endeavour. It has the capacity to pave the way to decentralized password-less logins and KYC registrations. In fact, the applications of Essentia aren't limited only to individual users, but can be used by Companies too, like GPDR compliance and oracles for smart contracts. It works well irrespective of whether the user is an individual, a company or even another machine. And most importantly, it establishes actual decentralization, with absolutely no need for a centralized architecture or a middleman system. One secure seed enables the use of countless applications and unlocks a decentralized web experience. So all you need is a single seed to get started with one of the most innovative projects yet!
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