The Ether-1 Project & ethoFS

Ether-1 is an Ethereum based blockchain that integrates POW and a two 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 Network Specifications

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 two types of nodes: 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.

  • Algorithm : Ethash
  • Block Reward : 11 ETHO (Schedule)
  • Target Block Time : 13 Sec
  • Miner Reward : 8 ETHO / Block
  • Masternode Reward : 2 ETHO / Block
  • Ether-1 Treasury Deposit : 1 ETHO / Block
  • Network ID : 1313114
  • RPC Server : rpc.ether1.org










Updated Ether-1 Monetary Policy

Ether-1 ETHO Masternodes & Service Nodes

The Ether-1 Node Network

Ether-1 has two types of nodes; Masternodes which require 15,000 ETHO and Service Nodes which require 5,000 ETHO. Masternodes are the backbone of the EthoFS platform. Setting up an Ether-1 masternode/service node usually takes 20-30 minutes. The install is largely automated, and the process is clearly documented. First time Linux users are usually able to complete the install without issues, join our Discord channel if you have questions. ETHO funds do not live on the VPS, they remain in your control. Because we are supported by Ledger, Masternode collateral can be staked on a Nano S. All the information you need including hardware requirements, setup guide, daily payouts for masternodes and service nodes, node distribution map, and your node dashboard can be found on the Node Dashboard.

Masternodes:

Required Stake: 15,000 ETHO

Primary function is network decentralization, secondary function is providing storage capacity to the decentralized hosting network. They recevie 4x the daily reward as an Ether-1 Service Node

Service Nodes:

Required Stake: 5,000 ETHO

Primary function is to provide storage/bandwidth to the decentralized hosting network. They recevie 1/4 the daily reward as an Ether-1 Masternode

The Ether-1 Project Timeline

The Ether-1 team is working very hard to make/beat each of these agressive goals. We will try to keep this roadmap as up to date as possible the Ether-1 network & community evolves.
01

APRIL 2018 (COMPLETE)

Website/Branding

Initial website completed prior to mainnet release.

Ether-1 Block Explorer

Ether-1 Web Wallet

Network Statistics Viewer

02

MAY 2018 (COMPLETE)

Ether-1 Mining Pools

Mining Pool(s) Ready For Mainnet Launch

Additional Mining Pools To Be Added

03

JUNE 2018 (ON-GOING)

Exchange Listings

Exchanges To Be Preliminarily Targeted:

Stocks.Exchange/Stex.com (Currently Listed)

Mercatox (Currently Listed)

Larger Exchanges as Community Evolves

04

JULY-AUGUST 2018 (COMPLETE)

Masternode/Service Node Deployment

Two Different Node Versions To Be Released (Currently Deployed)

Masternode With Higher Staking Entry Point & Higher Reward

Service Node With Lower Staking Entry Point & Lower Reward

Beta testing for Both Node Types will begin in July with full implementation of both node types by end of August

05

OCTOBER 2018 (IN DEVELOPMENT)

Decentralized Hosting Solution Development

Alpha Testing of ethoFS Nodes

Development of ethoFS Hosting Front-End

06

NOVEMBER-DECEMBER 2018 (IN DEVELOPMENT)

Gateway Node Testing/Development

Gateway Nodes Will Support All Application Specific Responsibilities of Decentralized Hosting

Gateway Nodes Alpha/Beta Testing

Begin of Public Content Hosting Test

07

DECEMBER-JANUARY 2019

Advanced ethoFS Deployment

Gateway Nodes to Be Deployed

Expansion of Public Content Hosting

08

Q1-Q2 2019 & Beyond

Entity Structuring & Top Level Domain

ethoFS Network To Be Fully Operational

Corporate/Business Entity Structure Strategy Begins

Community To Help Decide on Future Direction