Era Swap Network is a decentralized blockchain network which allows multiple cloud computing users to enter a loosely coupled peer-to-peer Smart Contract to mine ES Tokens.
Era Swap Blockchain Network is powered by Era Swap with the aim to achieve scalability, speed and low cost transactions for Era Swap Ecosystem, which is not possible on Ethereum Mainnet. Era Swap Network aims to achieve the goals without compromising much on trustless asset security of Era Swap (ES) for the community users.
HERE ARE SOME FEATURES THAT MAKES ESN UNIQUE
Low Cost Transactions
Era Swap Network allows users to do the transaction for almost free with transaction fee of 0.0000000001 ES = 1 ES Meter (EM) = 10–9 ES = nEM = 0.000000001916USDT (as per Current ES Market Rate). Smallest Unit of ES = 1 ES NanoMeter (nEM) = 10–18 ES = 10–9 EM. Compared to other platforms Era Swap Network makes transaction cost lowest.
Speed & Scalability
The purpose of establishing ESN is to achieve speed and scalability for Era Swap Ecosystem. It will leverage the decentralized security of Ethereum and the scalability through side-chain. ESN will give 5-Seconds Block Time, 500 Transactions in every 5 Seconds & 8.6 Million Transactions per day. If more transaction speed is required then shard can be deployed. Shradis a blockchain that can be added in any number to meet higher volume of transactions.
Multiple Decentralized Utilities
Era Swap (ES) Token can be utilized in 26 Middlemen-free dApps for peer-to-peer Exchange using Smart Contract Security, Standard in action, Accuracy, Transparency and Autonomy.
These middlemen-free dApps covers sectors like — Social Networking, Freelancing Marketplace, Global Shop-listing Marketplace, E-Mart for Subject Matter Experts, E-Learning, Multi-Exchange, Online Certification & Surveys, Prediction Sector, Affiliate Programs, Farming Marketplace, Carpooling, Dating & Meet-up, Recycling, Charity Sector and many more, through single sign-on.
Single Sign-on to Complete Ecosystem
User can simply access every utilities of Era Swap Ecosystem with a single Wallet ID, through its website www.eraswap.life and its mobile-based application 1DAAP, which is available on Google Play store.
Era Swap uses Web 3.0, which is the 3rd generation of the Internet where the devices are connected to decentralized Era Swap Blockchain Network rather depending on server-based data bases. The benefit Web 3.0 offers is the Anti-monopoly and pro-privacy, secure network, Data ownership, No interruption in service, Semantic Web, Ubiquity and more.
Era Swap Staking Rewards
Era Swap utilizes Smart Contract driven rewards to incentivize users in various ways through dApps such as — Swappers Wall, Day Swappers and TimeAlly
A) 15% Adjusted Newly Released Tokens (NRT)
B) Additional 10% Power Tokens allocation on Era Swap powered Social Networking — Swappers Wall, to reward and get rewarded on quality posts
C) Securing network and mining are now simplified, because, Era Swap Community can secure their stakes by protecting the network with delegated PoS Nodes of their choices and earn adjusted block sealer rewards of 10% NRT in Wrapped Era Swap (WES).
Blockchain Explorer
Very few blockchain provides insights into it for users, Era Swap Blockchain Explorer is an explorer for users transparency, where user can explore all the detailed insights of ESN & ES Token in one place. Era Swap Blockchain Explorer displays various stats, analytics, transactions, Types of transactions, Smart contracts, Block Rewards, Total Supply of Era Swap, Maximum Supply of Era Swap, multiple incentive calculators and many more information for users to explore and learn.
Merkle Swap
Merkle Swap is a user-friendly portal that enables users to move their ES ERC20 Tokens to ESN PoS secured blockchain. Merkle Swap do instantly confirmed transactions and pay gas in ES itself, as well as can take tokens back to ERC20, so user can use their ES Tokens elsewhere on other dApps on Ethereum that accepts ES Tokens.
These are some features that make Era Swap Blockchain Network Unique and Sustainable. Stay tuned will be soon publishing more detailed articles about ESN.
For more information check out Era Swap Network White Paper in the link below:
