Build Smart Contracts with Ethereum Limited

etinosirr (29)in #blockchain • 6 years ago

The blockchain – a continuously growing link of records called blocks which are linked together using cryptography has helped to a great extent to decentralization and building decentralized apps or dapps. From the first blockchain technology (blockchain v1.0) upon which the popular cryptocurrency was built upon, the bitcoin down to recent advancement in the technology leading to the formation of the blockchain v2.0, many projects and organization have sprung up seeking to solve major financial and societal problem to say the least been hampered by centralized unit by running their activities in a decentralized form. It has been quite efficient in solving these problems and some not but having majority of success in this field.

To be able to utilize the blockchain, we make use of smart contracts which executes transactional protocols on the blockchain. Smart contracts are some special kind of contracts. Contracts as we have known it to be is a legal binding between two parties that ensures they both comply with the terms and conditions or of agreements entered in the contracts. Disputes resulting from non-compliance are resolved and taken care of in a court. But with smart contracts, there is no room for failure to comply, all parties involved are mandated to comply. Smart contracts are computer protocols that digitally facilitates, verifies and enforces the terms, negotiations of a contract. With a smart contract, the need for a third party (e.g. the court) is greatly reduced which makes it easier and a transparent process to execute agreement with anyone in the world using a blockchain. And also, once executed, smart contracts are irreversible.
To write and execute smart contrasts involves too many technicalities and requires ability to understand the blockchain in its entirety. It is usually done by blockchain developers on behalf of their clients. The too many intricacies involved in the process has left many out of fully utilizing the potentials of the blockchain. Most start-ups that would otherwise be on the blockchain (decentralized application organization) to build their decentralized applications (dapps) to executes their projects are left perplexed and confused with how to go about initiating a smart contract.

Introducing the Ethereum Limited Solution.

The Ethereum blockchain has seen significant growth over the years one because of its wide spread adoption by most companies to build their platforms and application on the blockchain. Its speed of transaction and ability to effectively create smart contracts saw many projects using it to create tokens for their ICOs. Ethereum Limited is blockchain company built and founded by experts to make the process of creating, initiating and execution of smart contracts as easy as possible. This they hope will increase the adoption of the blockchain technology for commercial and consumer purposes. Existing decentralized platforms that enables users execute smart contracts makes it very difficult for novices to create smart contracts. Ethereum Limited provides users a very simple way for its users to create and execute smart contracts with its user-friendly interface. Ethereum limited wants every person in the world who has realized the potential of the blockchain to be able to make use of it by removing the first hurdle of entry- creating smart contracts. With Ethereum Limited, users only need know the terms of agreement of a contract and execute it on the ETHL platform.

Features and Benefits of Using the Ethereum Limited Smart contracts.

Immutability: Smart contracts or transactions executed on the blockchain can never be forgotten or erased, hence all things done will forever be visible.
Automation: Smarts contracts on the Ethereum limited platform are capable of executing by themselves.
Lower Transaction/Minimal Cost: Since the key or main aim of the platform is to gain wide spread use and adoption due to its simplicity of use, users of the Ethereum limited platform need not to know how to program to create smart contracts rather they make use of already written templates for their Dapps. This will reduce costs.
A template Marketplace: Templates doesn’t suite your need? Not good enough? Can’t create your own? Just like in most blogging sites today using blogger as a popular example, users can find custom and premium templates on popular templates market if the one provided by default doesn’t suite their need.
Flexibility: Ethereum Limited doesn’t limit you to just the use of its native cryptocurrencies as a means of payment and of receiving payment like most other platforms do. You are free to make use of Ethereum, Bitcoin, Ethereumlimited etc.

Road Map

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The ETHL Token.
The Ethereumlimited token is a utility token and will be a means of interacting with the platform. Users will ETHL will be able to use it to create smart contracts for execution and also spend it as a cryptocurrency.

Token Metrics and Distribution
Token Name: Ethereum Limited
Ticker: ETHL
Maximum Supply: 10,000,000
Decimals: 18

Token Allocation
Private Sale: 800,000
Pre-ICO: 1,000,000 @$0.5/ETHL
ICO: 5,000,000 @$0.7 - $1.5/ETHL
Airdrop: 500,000
Bounty: 800,000
Development: 900,000
Team: 500,000