Basic information

Token ticker: ENQ

Project status: whitelist open

It was possible to set up a node based on the source code provided on Github but could not mine for the time being. There is a ledger and network layer. It is performing sharding and mining PoW + PoA. Code will be pushed to Gihub soon within 3 weeks. It will organize airdrop to try the mining function on the phone

Website: https://enecuum.com/

Testnet: https://testnet.enecuum.com

Github: https://github.com/Enecuum

Telegram: https://t.me/Enecuum_EN

Vietnam Telegram channel: https://t.me/EnecuumVietnam

Bitcointalk: https://bitcointalk.org/index.php?topic=2939909

Medium:http://bit.ly/2HNivm3

Facebook: http://bit.ly/2HHBkem

Twitter: https://twitter.com/enecuum_ico

Instagram: http://bit.ly/2rgNNLG

Google+: http://bit.ly/2rfBXlh

Reddit: https://www.reddit.com/user/Enecuum/

Youtube: http://bit.ly/2HKiPpC

2 . What is Enecuum?

Enecuum is an innovative decentralized platform for integrating blockchain into business processes

HyperDAG – New method of recording transactions. Integrated sharding method

The combined use of proofs (POW + POA + POS) allows virtually all devices connected to ENQ worldwide to validate transactions. This will increase the decentralization.

Technological ideas

Rule of 3S (Speed-Scalability-Security)

Speed- High speed, high throughput allowing for up to 1 million transactions per second.

Scalability- Directed Acyclic Hypergraph (HyperDAG)

New transaction recording method supporting creation of separate branches in the system, with a custom ruleset tailored to solve any business problem, including the problem of quick and cheap handling a large number of transactions. These branches made of chains of blocks each containing a number of homogenous transactions.

Free transaction

Most parts of transactions have zero fees. Our architecture already supports macroblocks of unlimited size – a unique solution allowing our system protocol to scale in parallel with the growing overall computational power of the network.

Security- Private branches

Enecuum tickets allow to create dedicated branches where the circulation of ENQ coin, the main system cryptocurrency, is not intended. A Ticket is both an acess key to the corresponding branch and a decryption key for the transactions in this branch and can be freely transferred between the users of the system. The key purpose of Ticket branches is to facilitate creation of a blockchain-based flexible environment for easy interaction between businesses and their customers.

Moreover, Hybrid consensus Algorithm is implementation of PoW + PoA (first case of real life implementation) + PoS algorithms make the system 3 times more resistant to hacking.

Flexible smart contract

SHARNELL linear logic + JS as the smart contract language. High level of Enecuum’s smart contracts security is ensured by the business oriented-linear logic called SHARNELL. They are written in Java Script and are easy and cheap to implement for a web developer. A reliable and secure means to perform your own ICO and issue your own Tokens.

On-chain Voting

On-chain voting + test branch for a safe upgrade of the system. This makes the upgrade process safe and does not affect more the whole system.Support of various branches allows to create private branches with custom rulesets adapted to a particular business case.

Basic applications:

- ICO Platform-High throughput of the Enecuum blockchain enables startups to raise funds at any case, without the risk of a network hang-up. This way all the investors can be sure they can participate in the ICO and quickly receive their Tokens.

Smart contract in Enecuum are implemented in JavaScript and are easy to write for a web developer. It significantly decreases the learning curve and cost of their creation. Linear logic at their base helps eliminate potential vulnerabilities in smart contracts and minimize the risks of hacking.

“Cancellation model” allows to implement complex crowdsales with step-by-step raising and return of the funds to the investors, at any stage of the process. System-specific notation of Tokens, similar to the ERC-20 notation, simplifies their entry to a cryptocurrency exchange service after the ICO.

Banking service (Banking, corporate and insurance): Enecuum’s Tickets and Marks aim to provide banks and government agencies with a reliable control over targeted spending of received credit and budget funds, and companies to conduct secure payments between themselves with no fear of sensitive information or trade secrets disclosure.

Tickets intend to give banks a secure channel of communication when sharing a Ticket with Bank B, Bank A could give Bank B access to a private branch only holders of this Ticket could access to and only holders of this Ticket could decrypt transactions from.

Another example could be when Bank A assings different Marks to its customers based on the nature of their business (construction company, industrial equipment supplier, etc). Bank A could then issue a client a directed loan in Tokens having a specific Mark. The client could only use these Tokens to pay certain predefined organizations, spending them according to the purpose of the loan.

Computations (Distributed computations): System ability to run “heavy” smart contracts in dedicated branches allows users to perform complex calculations that require high computational power without increasing workload on the main Enecuum branches (useful for neural network training, scientific calculations, rendering computer graphics, JS libraries and so on).

Payment for using such “heavy” smart contracts is performed in ENQ coins at a flexible rate, similar to the transaction price concept in the Ethereum blockchain. Creating a request to perform the calculations, the customer sets the price and miners decide whether it is beneficial for them to provide their computational power for the task.

In case miners agree to the terms, the customers’ funds are reserved by the smart contract for future payment. When the task is completed and valid results are provided, the funds are released and automatically transferred to the miners.

Storage

Effective use of disk space on user’s devices achieved through sharding and change of the transaction duplication parameters.

For example, if 4 users provide 5 GB of space each and the duplication and sharding parameters set to 50%, the effective storage capacity for files id 10 GB. Extrapolating this pattern to the entire network, the size of the “global decentralized disk” will grow proportionally preserving availability of the data and a sufficiently high speed of access. That means users can build on top of the Enecuum blockchain such services as decentralized hostings, cloud data storage services and content delivery networks.

Applying SHARNELL Smart Contracts, and Tickets as encryption keys on top of such data branches, users can create complex paid access services with decentalizied and immutable content paid for in Tokens.

Micropayments

Support of separate branches with their own consensus rulesets that stimulates miners’activity creates conditions beneficial for implementation of micro-transaction services.

Zero transaction fee for a decentralized micro-transaction service. Extremely low fee transaction in case of a centralization when a service makes a lot of micro-transactions from a single wallet. For example, 10,000,000transactions a day can be easily recorded in several macroblocks of ~120MB each. The fee will be calculated per block, and will be low per transaction.

This is a perfect case for an Internet of Things-based service. A simple PoA mining client running on various devices will be able to completely cover their carried transaction fees. A mesh network, supported by the Enecuum protocol, between these devices provides a high availability.

Hybrid Consensus Algorithm

3 Mining Stages

Stage 1: Proof of Work

Proof of Work at Enecuum is based on an improved version of the Bitcoin-NG protocol modified for effective mining of many block of different types in parallel. This approach ensures high scalability the system.

A custom version of the Cryptonight protocol (Keccak + AES + X11) aims to defend the system against centralization caused by Application-Specific Intergrated Circuit devices.

PoW miners calculate the block hash and hold their macroblocks open for PoA miners to fill it with microblocks containing transactions.

PoA- Proof of Activity- First applied at Enecuum

Stage 2: PoA is the preparation stage

Proof of Activity at Enecuum is proposed to be applied at two different satges. First, PoA miners reach consensus to form teams of 64 participants. Second, every team validates a chain of 62 microblocks with 40 transactions each and publish them into the network – to the blocks opened by the PoW miners.

PoA mining at Enecuum requires a wide and steady Internet connection, but low computational power and can be performed on mobile devices.

Stage 3: PoS – Proof of stake

PoS miners continuously re-check balances of all wallets in the system. The reward for PoS mining is flexible. The system defines the minimum and maximum balance thresholds outside of which a miner is not abl;e to gain any reward.

Phone Nining

With ENQ, you’ll be able to perform PoA mining on your phone approving transactions and validating blocks. The reward for PoA mining is equal to the reward received by PoW miners. Effective mining with little computational power.

Roadmap:

2015- Launch the project. Analyse the architecture of various known blockchains for existing problems and ways to solve them.

2017- Form a team of developers to create a new architecture.

Q1-2018- Implement the protocol system, RPC, API, wallets

December-2017: Launch the test net

Q2-2018: Release VM and Petri Net editor for smart contract.

Q3 2018: Fully implement SHARNELL smart contracts

Q4 2018: Create a gateway for an automatic transfer of smart contracts from other systems to ENQ.

2019: Continuously improve the protocol

Team and Strategic Partners

King & Wood Mallesons Multinational Law Firm, Coinsortium Investment Fund, Blockchaini, ico insureum.in project, The FinTech Association of Hong Kong (FTAHK).

Ecosystem partners

URBO project- do not update yet, Paytomat project – crypto payment app, plasmabank project- wallet creation, credit card and crypto exchange, Upstudy project- education investment in Moscow, Russia

Team

Founder – Headquarter at Hong Kong

CTO- Anton Niknorov: have experience in IT programming, skilled in Oracle DB, C++, Agile Methodologies, SCADA and Apache Cordova. A strong entrepreneur and a professional with a degree in Electrical Engineering from the St. Peterburg Polytechnic University. Worked as CTO at ENQ for 11 months, free blockchain developer for one year, founder CEO at AMS Company Limited in Moscow, Russia - Asset management software development for 4 years. CTO at Interactive Labs Ltd. (Russia) for more than 1 year. Technology specialist at Sberbank (Moscow, Russia) for nearly 3 years.

CEO-Mikhail Sayfullin: Entrepreneur since 2002. Working as CEO of Enecuum for 7 months. He is the founder and managing at Marketing Solutions Group (Russia) – organizing marketing solutions for nearly 11 years. Founder and CEO at Partymasters.ru Company for about 3,5 years.

Co-founder: Ivan V.Ivanov: participated in the Enecuum project for 5 months, founded Upbusiness consulting-6 months (Russia) affiliated network to Hong Kong, China, South Korea, Malaysia. Founded Upstudy Group – decentralized education project for over 4 years.

Jev Vainsteins: Business Development Manager and 3-4 years of experience in project management

Development

Tech lead- Mikhail Gluhov (Russia): do not update on Enecuum linkedlin yet - over 6 years of experience in IT. Github, actively work

AI Engineer - Stefan Hamminga- programming since 2011

Software developer- Oleg Maksimov (Russia): programming since 2013

And other 11 developers

Marketing: 8 people - Leader has more than 10 years of experience in creating brand

Operations: 3 people

Advisors and Consultants: 6 people

Comparison

Enecuum is a good project, but currently there are a lot of competitors on the market, and DAG technology is still unresolved in terms of some problems.

ENECUUM COMPARISON TABLE





Token metrics

Token ENQ (ERC20)-0.04USD

Hardcap: 24 million

Total token in token sale: 1,297,296,000 ENQ

596,756,160 ENQ token sale

64,864,800 ENQ advisors and partners

25,945,920 ENQ reward for creating wallets (phone mining)

415,134,720 ENQ reserve

194,594,400 ENQ team

Token sale: 46%

Tounty and advisor 5%,

Team 15%

Airdrop 2% (testing phone mining)

Reserve 32%

Community

Telegram: 171 members

Twitter: 74 followers

Reddit: 2 karma

Bitcointalk: 1 page topic

Facebook: 30 followers

Comment: The community is not active yet, mostly do not have many interactions

In conclusion

*Strong points:

Good technology ideas, many improved features

Dev Team has experience in the blockchain space

Having the product, github, testnet is the biggest advantage of the project

Token metrics is okay

*Weak points:

Marketing is weak

Rate from Icogens.com:



HYPE RISK ROI TERM ICOGENS ' SCORE LOW MEDIUM NOT RATE MEDIUM NOT RATE

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*Note: All the information (on icogens.com) including tokens sales, “interest level”, ROI rate, hype rate, risk rate are our subjective opinion and only for informational and educational purposes. The information ICO Gens provides is not an investment advice.

HYPE: is defined as the level of concern over a project and its FOMO. This score is based on the number of people joining a project’s social channels such as Reddit, Telegram, Twitter, Facebook, Bitcointalk, Medium or Slack as well as the number of review articles produced by the third party.

RISK: the risk rate of the project. Based on this score, you can find more spam warnings of the project. More specifically, RISK is about the transparency of the project, its idea, members of the development team, roadmap and whitepaper. (RISK is rated regardless ROI rate of the project).

ROI: (Return on Investment): the rate of profit a project can bring to investors (ROI is considered separately from RISK. ROI can be rated High and RISK can be rated High as well).

TERM: this factor reveals the length of time you should hold token or coin of a project. The period of time can be Short, Medium or Long.

ICOGENS ’ SCORE: this score can be decided by scores of four other scores or it will reflect the level of interest ICOGENS ’ team has in the project. This score is separated from ROI score. It just shows how much Icogens core team concern the project.

You are reading [ICO REVIEW] - Enecuum - HYPERDAG system with 1,000,000 transactions and more than that , from the section ARTICLES.

Source: icogens.com