Since 2018 I have been engaged on the creation of a blockchain Protocol for Open Supply Medical analysis with out mental property aka the Etica Protocol. https://www.eticaprotocol.org
Victor Hugo : “Nothing is Extra Highly effective than an Concept Whose Time has Come”
I feel the time for Etica has come, so let me share a quick presentation of Etica with you.
Transient presentation:
Etica goals to advertise open supply medical analysis with out mental property. It incentivizes publication of analysis oriented papers (by professionals or not) for every illness added to the community.
Etica protocol has its personal forex Etica (ETI). The protocol has a set inflation of about 2.5% per yr. Because of this inflation it funds the curation rewards (for voters) and editor rewards (for creators of proposals).
It operates primarily based on durations of seven days. For every interval a curation_reward in addition to an editor_reward shall be issued by the Protocol (respecting the two.5% yearly inflation fee). For every interval all customers can submit Proposals in an effort to get part of the editor_reward of the interval. Etica token holders can submit and vote on proposals utilizing a staking system (They should lock Eticas for 28 days in alternate for bosoms). Bosoms are a unit of measure inherent to the protocol that’s utilized by the voting system. All proposals could be voted upon for 3 weeks. After the voting period has been handed the Protocol rewards or penalises members primarily based on the end result of the votes.
The protocol is designed in such a approach that solely about 72% of proposals shall be accepted. Thus resulting from open supply competitors the creators of proposals should enhance the standard of their papers to get a proposals accepted by the community as issues progress
The creator of a proposal that was accepted by the community shall be rewarded with part of the interval’s editor_reward that shall be proportional to the quantity of Eticas that was utilized by token holders to vote on the proposal. If the proposal is rejected, relying on the extent of the rejection the creator of the proposal could have it is stack period elevated (as an illustration 65 days) and even lose funds (to submit you’ve got to place a collateral of 10 ETI you could lose if proposal is closely rejected by the community).
The voters that vote on the wining facet (could be both accepted or rejected) will get part of the curation_reward proportional to the quantity of Eticas they’ve used to vote on the proposal. In the event that they vote on the shedding facet, their stack shall be elevated (as an illustration 84 days longer) in proportion to the extent of rejection.
Full particulars within the whitepaper.
The whitepaper:
The Etica whitepaper (9 pages) describes how the protocol will function in particulars. (As Printed and despatched to the unique Satoshi Nakamoto mailing listing in September 2019)
https://eticaprotocol.org/viewwhitepaper
The good contract:
The Etica good contract is on github/etica. It’s a complexe good contract that efficiently implements all the things described within the whitepaper within the type of an Ethereum good contract. If you’re a developper or you realize ethereum developpers inform them to evaluation this good contract. I have full confidence they may assess the standard of the code.
Reddit r/etica:
I not too long ago bought possession of r/etica and that is the place I plan to organise the rising neighborhood. If you’re on this mission be sure to be part of r/etica
A working explorer of Etica protocol on Ethereum mainnet:
https://www.etica.io
https://www.youtube.com/watch?v=LXTQWmXPO8k (demo of a vote on etica.io)
My model new private youtube channel the place I principally speak about Monero for now however I’ll begin to additionally make movies about Etica:
https://www.youtube.com/channel/UCMg5jHjEp59TKy_0tdoeXnQ
Etica is all about open supply and making a neighborhood primarily based mission with no one having particular privileges. Even when I began to work on Etica alone, I perceive the potential of this mission, it’s a lot larger than me and to succeed it must be utterly decentralised from day 1.
For this reason I wish to underline these info:
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I plan to launch Etica in coming months from scratch as quickly as there shall be a neighborhood
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There shall be no premine
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Anyone becoming a member of Etica could have similar rights, aka I will not have any privilege nor anyone else
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It’s utterly open supply
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It’s a impartial protocol
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There isn’t a backdoor Key or Key with particular rights
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The good contract shall be launched on its Blockchain (a Fork of Ethereum Proof of labor)
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The preliminary provide shall be distributed trough mining
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Mining will cease without end as soon as we attain 21 Million Eticas (ought to take a number of years)
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Then solely the yearly inflation of two.5% will generate new Eticas.
These items is just not mine, it’s all about constructing it collectively. Let’s develop into Legends and Be part of r/etica
Greatest regards,
Kevin Wad
