Egretia ICO: Egret Technology’s HTML5 Blockchain Engine?
Egretia is the world’s first HTML5 Blockchain engine and platform. The vision of the platform is to bring 200,000 developers and 1 billion HTML5 Devices to the blockchain technology.
The HTML5 Technology is globally recognized, and it covers mobile games, the internet, advertising, video, and other industries. The technology has eliminated some of the bottlenecks such as performance and traffic compatibility that were common in operation of games. The cross-platform nature of the technology allows it to be used in different industries creating entirely new business models.
Despite the rapid development of this technology, there are still some pain points including the lack of a global and unified secure payment solution. Lack of solutions that can store the virtue assets of users.
The lack of a mechanism that ensures fairness of games. Lack of solutions that can rapidly respond to the distributed back-end communications. Lack of a method that can protect the intellectual properties of the HTML5 products and the need for an effective mechanism that can motivate teams to develop apps and games that are of high quality.
With the collaboration of the Egret technology that is a well-known global HTML5 technology service provider, the Egretia platform has set up the Egretia Blockchain lab that combines blockchain technology with HTML5 technology to create the world’s first HTML5 blockchain engine that is aimed to apply blockchain technology to vertical industries. It will bring together the egret technology 200,000 existing developers and the 1 million mobile terminal devices into the blockchain.
The Egretia Features
Self-developed public chain
This public chain will be based on the delegated Proof of Stake consensus mechanism whose aim will be to optimize the HTML5 game performance. By use of the blockchain interface layer and the Egret engine tools, developers will quickly create blockchain-based DApps.
The public chain on the Egretia platform will be using a delegated proof of stake as the consensus mechanism. This mechanism is similar to a board vote where coin holders will cast a certain number of nodes using the bookkeeping and verification mechanism.
The Egretia public chain will have concurrent processing power that allows for the optimization of performance for the needs of the game industry. It has fast transaction per second rate. With the use of the DPoS mechanism, scalability will be greatly increased making it possible for more than 2000 transactions to be supported in the initial test chain. The TPS will be increased in future in line with the business needs.
Real-time parameter adjustment
Egretia will be able to change the system parameters without bifurcation. The platform will change the parameters via voting which will be based on consensus.
Efficient and convenient development suite
The tools of Egret that will be used in the Egretia platform lays a solid foundation for the blockchain project. This will make the blockchain application development convenient, simple and efficient.
Egretia Platform Digital Token (Egret)
The Egretia platform will provide the digital token Egreten that can be combined with other games and also used by players to trade virtual goods in a safe and efficient manner. The token will be the first token that will connect different games.