Last Update: April 4th, 2018
Algoritm: 100% POW Ethash (Dagger Hashimoto) – ASIC resistant
Market: Buy under 3,000 sat (0.00003000 BTC)
Specialities: Pure Coin (read more in this comparison)
Premine: No Premine
Coins Max Supply: 280,000,000 ELLA … on 2027/09/15, around 50% (139 million ELLA) will be mined
Coins in Circulation: ~ 6,550,000 ELLA
Market Cap: ~ 170 BTC ~ $1,156,000 USD
Block explorer: https://explorer.ellaism.org
Network stats: http://stats.ellaism.org
Web Wallet: https://ellaism.github.io/ellawallet/
Discord Invitation: https://discord.gg/gz9tURY
Discord Chat: https://discordapp.com/channels/422738190646902786/422738191221784577
Alexa: ellaism.org (203,389)
Exchanges: Cryptopia.co.nz; Stocks.exchange; LDVbank.com; Cryptobroker.io
ELLA Richlist: https://explorer.ellaism.org/accounts
Ellaism – Pure crypto currency
The price of a coin is subject to the market trends and can be volatile. One day you have this great coin, which seems to have a real value and you absolutely love it and the next day, well, you’ve been there… One of the coins that should not give you such unpleasent surprise and hold its transparency and stability is ELLA. Ellaism is a smart contract platform which has “No premine” and no developer fees, hence it is also considered a Pure coin. To create a reliable smart contract platform is the fundamental goal of Ellaism. The core team of Ellaism believes in strong transparency in its financial and development process which brings trust in the cryptocurrency. Ellaism Core, which is the current developer team for Ellaism is run by donations. Ellaism is backed by a strong community.
Evolution of Ellaism
Vitalik Buterin, a cryptocurrency pioneer put forth the concept of Ethereum (ETH) in 2013. On July 30th, 2015 the Ethereum blockchain was released. Around 72 million ETH were premined. All the coins in the genesis block (Block 0) represent more than half of all the coins in existence. This shows uncertainty of coin distribution and it also made the voting as a result of DAO hack distrustful. Although Ethereum has one of the largest community of developers and businesses supporting it, ETH has been criticized by many to be controlled by a few individuals, which raises questions about it being a decentralized currency. This has been debated amongst the people. The DAO hard fork led to a community split generating Ethereum Classic which is based on a strong principle “Code is law” and “transaction finalization”. It is thought to be censorship resistant along with a transparent monetary policy. But still it has the same problem of premine.
Another cryptocurrency somewhat similar to Ellaism is PIRL which has been promoted as “NO Premine” which means it has zero coins in the genesis block (Block 0). But it takes a dev fee of 8% from each block reward, and here lies the difference with Ellaism which has no dev fees.
Expanse which is purported to be the first stable fork of Ethereum was created as an affordable alternative for decentralized applications (DAPP) development. Compared to Ethereum and Ethereum Classic, its community is smaller. It has premine of 11.11 million coins in the genesis block, therefore can not be seen as truly decentralized.
Ellaism is a coin without premine and no developer fees, making it truly decentralized. The core team maintains its infrastructure based on donations and their own self-interest to grow this coin’s value in the long term. If you are looking for a rough diamond which would be polished into a precious gem, Ellaism should be your choice!
March 13th, 2018 – Ellaism vs. EGEM – Devs disagreement resulting in possible fork
March 14th, 2018 – Ellaism – Post-conflict debriefing on EGEM token issue
March 23rd, 2018 – Confirmed! The considered ELLA fork did NOT happen.
March 31st, 2018 – Monthly Community Update for March 2018
April 4th, 2018 – New exchanges for ELLA LDVbank.com and Cryptobroker.io