Ether-1 is an Ethereum based blockchain that integrates POW and a three tier masternode system to secure the network. Ether-1 uses the collective power of hundreds of masternodes to power EthoFS, a fully decentralized hosting platform that uses combination of a blockchain indexing system and the ipfs protocol to deliver decentralized content on-demand. Users can interface with the EthoFS network through variety of ways, including an innovative instantaneous browser based node, allowing them to drag and drop content they wish to deploy and index on the blockchain. The browser based node automatically uploads and replicates the content to the entire network. The ethoFS system is a fully functioning website hosting solution utilizing the node network for storage and bandwidth. Masternode owners are paid through a block reward, and receive a share of the profit generated by hosting fees, an innovative way for node owners to take ownership in providing network functinality and security.
Ether-1 is a clone of the popular Ethereum protocol; built on the same code-base but takes decentralization much further by promoting node ownership via incentivization and by utilizing this same node network to decentrally store and deliver content on-demand. The network uses a Proof-of-Work (POW) algorithm for consensus generation and will evolve as the greater Ethereum network adopts various protocol changes. This POW consensus is supported by and incentivized by the tradeable currency that the entire network runs on, ETHO. This tradeable currency is utilized as an incentive to the general public to support the network via mining (using the POW algorithm) and secure the network by running a node of their own. The network offers the ability to run three types of nodes: Gateway Nodes (30,000 ETHO required ), Masternodes (15,000 ETHO required) and Service Nodes (5,000 ETHO required). These nodes secure network by promoting decentralization and contribute storage and bandwidth to the content sharing/storing protocol that is built on. All of these features/resources are utilized to power the main goal of this project which is to provide a service of decentralized website & content hosting. The node system uses a form of the Interplanetary File Protocol System (IPFS) to store, propagate and deliver content to end users. Ether-1 will be providing a custom top-level domain that directly identifies hosted data via the decentralized system. To the general user, this will appear very similar to traditional centralized hosting services, however will provide them a robust, redundant, decentralized solution that is identifiable by a top-level domain. A user’s data will be hosted almost everywhere, greatly increasing the accessibility, security and availability due to the vast node network on which it will be hosted.
Ether-1 [ETHO] is a cryptocurrency with its own blockchain. The most actual price for one Ether-1 [ETHO] is $0.005499. Ether-1 is listed on 4 exchanges with a sum of 5 active markets. The 24h volume of [ETHO] is $20 112.08, while the Ether-1 market cap is $268 659 which ranks it as #864 of all cryptocurrencies. You can find more information about Ether-1 [ETHO] on ether1.org ethofs.com