Emotiq is a powerful, decentralized blockchain with Proof-of-Stake (PoS) consensus, scaling through sharding, and natural language smart contracts.
Emotiq is a public decentralized blockchain so anyone can join the network, become a validator, and earn rewards for maintaining it. Emotiq uses Proof-of-Stake (PoS) consensus, which is based on pBFT but adds strong consistency and enables all validators to agree on the validity of blocks without wasting computational power resolving inconsistencies. As a result, clients do not need to wait more than a few seconds to be certain that a submitted transaction is committed; as soon as it appears in the blockchain, the transaction can be considered confirmed.
Emotiq provides unlimited horizontal scaling and throughput of thousands of transactions per second through sharding, as well as a cross-shard commit protocol.
Emotiq uses Boneh-Lynn-Shacham pairingbased crypto. This enables short BLS signatures on public keys, as well as hierarchical deterministic wallets with all of the advantages promoted by BIP-32 but without the security risks
Currently, Ethereum can handle 13 transactions per second (reduced to 7 transactions per second for tokens), which is orders of magnitude below that required for large-scale applications. Bitcoin, meanwhile, is capable of a diminutive 7 transactions per second. Though each is exploring their own scalability solutions, none are proven.
A trustless environment and anonymity are similarly essential to the wider adoption and use of the blockchain. We have a natural desire to keep our finances and transactions private. Emotiq is inspired by Monero and ZeroCash to provide additional privacy solutions, for example, by keeping transaction amounts hidden.
Smart contracts are inaccessible for the majority of users. They’re difficult to use, hard to read, and impossible to write without the risk of introducing new security holes (as shown by the widely publicized hacks of Ethereum). It is impossible to understand the behavior of current smart contracts without using a computer to evaluate them. Legal contracts, in contrast, can be easily read and understood.
Emotiq is the first next generation blockchain to implement OmniLedger technology, a product of groundbreaking research in distributed consensus and decentralized computing. It features high transaction throughput and horizontal scaling via sharding. This is in contrast to vertical scaling, which relies upon increasing the computing resources of individual nodes in the network. Together with OmniLedger and the parallel processing of unspent transaction outputs (UTXO), Emotiq is able to process thousands of transactions per second, at low cost and with an ever-expanding network of nodes.
The blockchain has created a new trust paradigm – immutable, impervious to tampering, and without reliance on third-party intermediaries. The ability to transact securely, however, should not come at the price of confidentiality. By integrating zero-knowledge proofs, Emotiq ensures that only relevant data is visible on the blockchain, while confidential data is kept private.
Scalability and privacy, while essential, are not the toughest challenges of the blockchain. Its accessibility and usefulness are. With Ring, Emotiq’s natural language for smart contracts, non-programmers can easily create smart contracts to satisfy a wide range of agreements and applications and test them interactively. Ring compiles to a lower level Ring virtual machine (VM) which also runs most, if not all, smart contracts written in Ethereum Solidity. Ring is inspired by Zork – a classic interactive fiction computer game – and we intend Ring to be just as fun, exploratory, and open-ended.
Emotiq scales to VISA-level throughput. It features an innovative approach to smart contracts through Ring, Emotiq’s natural, plain English smart contract language, as well as partial compatibility with Solidity to accommodate transitioning projects.
Emotiq will use its considerable expertise to pave a new path for blockchain technology, integrating research-backed technologies and actively tackling existing and future blockchain challenges. We, like many, are convinced the blockchain will change the world, and we’re committed to providing the platform to make that happen.
Within 30-60 days after TGE.
Any tokens unsold after the private sales will be kept in reserve by Emotiq, to be used for future funding needs.
|Round||Token Price||Bonus||Min / Max Purchase||Soft Cap||Hard Cap|
Private sale Round 4 —
Private sale Round 3 —
15 Jun 00:00 UTC
|0.13 USD||No||Min 100000 USD||Uncapped||139,000,000 EMTQ|
Private sale Round 2 —
Private sale Round 1 —
Seed Round —
Two parallel blockchains: