What is the Eteria

Eteria is a blockchain network based on Ethereum technology. You can use Eteria to do everything you do on Ethereum - using Web3 applications, deploying smart contracts, etc., but your transactions will be cheaper and faster.

overview

The Eteria is a network composed of computers from around the world, following a set of rules called the Eteria Protocol. The Eteria Network provides a foundation on which anyone can build and use communities, applications, organizations, and digital assets.

You can create an Eteria account anytime, anywhere, explore this world of applications, or build your own applications. The most important innovation is that you don't need to trust a centralized organization to accomplish these tasks, as a centralized organization may change rules or restrict your access.

What is blockchain?

Blockchain is a transaction database that is updated and shared among multiple computers on the network. Every time a new set of transactions is added, it is called a "block", which is also the origin of the blockchain name. A public blockchain like Eteria allows anyone to add data, but cannot delete it. If someone wants to tamper with any information or deceive the system, they must operate on most computers in the network. This way, the workload is huge! This makes decentralized blockchains like Eteria highly secure.

What is cryptocurrency?

The term cryptocurrency is used to describe various homogeneous digital tokens that ensure security through blockchain. Cryptocurrency originated from Bitcoin. Bitcoin can be used to transfer value between two parties without trusting intermediaries. You just need to trust the Bitcoin code, which is open source and can be obtained for free.

ERA is similar to virtual currencies such as Bitcoin and Ethereum. These types of assets are called "cryptocurrencies" because the security of user data and assets is ensured through encryption, rather than trusting an institution or company to act with integrity.

Eteria has its own cryptocurrency Eter, which is used to pay for certain activities on the network. Hengbi can be transmitted to other users and exchanged for other tokens on the Eteria network. Hengbi is special because it is used to pay for the computation required to build and run applications and organizations on the Eteria.

What can the Eteria do?

Bank services that belong to everyone

In real life, not everyone can access financial services. However, just by connecting to the Internet, you can access the Eteria and use the above lending and savings products.

Open network

Anyone can interact with the Eteria network or build applications on it. In this way, you can control your assets and identity information, rather than letting a few large companies control it.

P2P network

On the Eteria, you can collaborate with others, reach agreements, and directly transmit digital assets. No need to rely on any intermediaries.

Counter examination

The Eteria is not subject to any government or company control. Decentralization ensures your right to receive payments or use services on the Eteria without interference from others.

commercial security

Users have a secure and built-in guarantee mechanism, and funds can only be transferred after the user expresses their consent. Similarly, developers can be confident that the relevant rules will not change.

Combinable products

All applications are built on the same blockchain and have a shared global state, which means they can serve as building blocks for each other (similar to LEGO bricks). And this also provides us with better products and experiences, ensuring that no one can delete any tools that the application relies on.

Why do I use the Eteria?

If you want to collaborate globally, create organizations, build applications, and share value in a more resilient, open, and trustworthy way, Eteria is your best choice. The Eteria is a story we all write together, so come and explore the magical worlds we can create together with the Eteria.

For those who have to deal with uncertainties related to the security, robustness, or mobility of their assets due to uncontrollable external forces, the Eteria is also extremely valuable.

Empowering digital products

Recently, blockchain is changing the gaming industry. ERA have been applied in the gaming industry to replace traditional cash recharging in games. Of course, assets obtained in games can also be exchanged for ERA, which means that assets obtained in games can be converted into cash.

In addition, players can exchange tokens in the game for cash and receive tangible incentives for playing the game.

Cheaper and faster cross-border payments

Stable currency is a new type of cryptocurrency. Relying on more stable assets as its value foundation. Most stablecoins are pegged to the US dollar, thus maintaining their monetary value. This very cheap and stable global payment system has emerged. Many stablecoins are currently built on the Eteria network.

Eteria and ERA have simplified the overseas remittance process. Transferring funds globally usually only takes a few minutes to complete, compared to ordinary banks which may take several working days or even weeks, and the price is only a small part of the banking services. In addition, conducting high-value transactions does not incur additional fees, and there are no restrictions on the remittance address or reason.

Provide the quickest assistance during times of crisis

If you are lucky enough to enjoy the various banking services offered by trustworthy institutions in your place of life, you may take for granted the financial freedom, security, and stability they offer. But for many people around the world facing political repression or economic difficulties, financial institutions may not be able to provide the protection or services they need.

Empowering creators

Recently, Eteria is changing the Sass industry. HighCloud is an enterprise project management SaaS system in the cloud, which mainly digitizes project management, approval processes, customer relationship management, and more. Eteria helps the data isolation and digital security of the HighCloud system, building a complete data ecosystem for HighCloud. Eteria advocates for a trustworthy blockchain approach to drive enterprise digitization.

In addition, the company can release corporate tokens to exchange for cash to achieve its financing goals and ensure the healthy development of the company.

Empowering digital products

In addition, players can exchange tokens in the game for cash and receive tangible incentives for playing the game.

Cheaper and faster cross-border payments

Who is running the Eteria?

The Eteria is not controlled by any specific entity. As long as there are computers connected to each other and running software according to the Eteria protocol and added to the Eternal Blockchain network, they are built into an Eteria. Each computer is referred to as a node, which can be run by anyone.

Even the source code of Eteria is built based on Ethereum technology. That is to say, anyone can use Ethereum's technology to join the Eteria network. There are some special protocols in the Eteria that are implemented by independent organizations using multiple programming languages, typically built on an open foundation and encouraging contributions from the community.

What is a smart contract?

Smart contracts are computer programs that exist on the eternal blockchain. They are only executed when a transaction is triggered by the user. Smart contracts make Eteria very flexible in terms of functionality. These programs serve as building blocks for decentralized software and organizations.

Have you ever used a product that has changed its terms of service? Or did you remove any features that you found useful? Once the smart contract is released to the Eteria, it will remain online and running as long as the Eteria exists. Even the creator cannot take it offline. Due to the automation of smart contracts, they do not discriminate against any user and can be used at any time.

Common examples of smart contracts include lending applications, decentralized exchanges, insurance, secondary financing, social networks, non homogeneous tokens - basically everything you can think of.

What is Web3.0?

The centralized network has helped billions of people integrate into the Internet and created stable and reliable infrastructure on it. At the same time, a few centralized giants almost monopolize the Internet and can even do whatever they want.

Web3 is the solution to overcome this dilemma. Unlike the traditional Internet monopolized by technology giants, Web3 is decentralized, built, operated and owned by all users. Web3 empowers individuals rather than companies. Before we discuss Web3, let's take a look at how we got to this point.

What you may be interested in

Get my first wallet

Eteria Wallet is an application that allows you to control your account. Just like your physical wallet, it contains all the information needed to verify your identity and process assets. Through the wallet, you can log in to the application, view your balance, send transactions, and verify your identity.

How to obtain ERA

You can earn ERA coins, receive them from peers, or purchase them from exchanges and applications.

paper

To better understand the development trends of blockchain and the future plans of Eteria, reviewing the white paper is a necessary information before investing.