Espers ICO: Company Review and ESP Token News Updates

Espers

Espers Guide: ESP ICO Secure Messaging & Websites Built On Blockchain?

The team around Espers have been developing interesting blockchain technologies since 2015 and recently went through changes, mainly a complete chain swap. But the Blockchain and development company has great goals for the coming year. Find out all important info in our review below.

What Is Espers?

Espers is a young company founded in the US in 2016 who are developing multiple blockchain based technologies. Espers was first announced in April 2016, by an ambitious group called cryptoCoderz (who were founded in 2015).

The team around Espers went through changes in the last month, including a complete swap, during which they exchanged their old Espers for new Espers.

The original chain is known as ESP1 and had multiple errors which required a source overhaul so it was decided to fork over to a new and clean chain, simultaneously expanding the functionality of upcoming solutions. The new chain is using ticker ESP2. (ESP1 was changed to ESP2 so anyone who owns ESP1 can change their coin 1:10 into ESP2)

The new chain is based on Bitcoin version 0.10+ with added blackcoin reference for the proof of stake functionality.

Espers function as one of the few cryptocurrencies as a hybrid of PoW (proof of work) and PoS (proof of stake) to achieve distributed consensus. This means users can choose if they want to mine ESP using GPU or CPU (Proof of Work), or Staking it by letting their wallet unlocked and act as a node (Proof of Stake). You can see which block system is recently used by viewing it inside the wallet. This hybrid system allows miners and holders to use the chain while the dev-team develops their end-goal features.

Espers has determined goals for this year (view companies roadmap) and will work on the following:

Mobile wallets
Secure messaging system
Masternodes (intuitive node launching and monitoring)
Smooth sync patch
Shrinking blockchain
Light clients
Android mobile wallet will be released sometimes on Q1–2018. iOS wallet to come
Website on blockchain
XNodes (Masternodes) – Masternodes will be implemented in the future
Built-in mining
Sidechain and Chain apps

Espers Community Secure Messaging & Websites

The community around Espers seems strong and everyone that is interested in the coin or wants more information can join the Espers discord channel here or find info on the company’s blog. The main dev is usually available to answer questions related to Espers. The project's community is rapidly growing. CryptoCoderz says they are proud to be a member and developer of such a wondrous community and trusts this project to go very far.

Espers Built On Blockchain Technical Details

Algorithm

The algorithm used by Espers is HMQ1725 (Highly Modified Quark 17 algorithms 25 hash rounds). The CryptoCoderz team has specially developed this algorithm for Esper and all its functionalities. The team is constantly improving and developing new technologies, currently working on another hashing algorithm, which will be named “scatter”. Scatters is still in development. The HMQ1725 algorithm makes it possible, to mine both – CPU and GPU.

Wallet

The last update for the Esper wallet was made in December 2017. Espers uses a QT-based wallet, they added some nice design features and also gave the overall look an overhaul. You will also find a couple of QT wallet standard menus on the Esper wallet. Exclusive features like site on chain, mining on wallet and a secure messaging option will also soon be available.

Other Espers Details

Ticker: ESP
Algorithm: HMQ1725
Block Time: Initially 15 Seconds | Now 3.5-5 Minutes
Type:PoW/PoS
POW Reward: 500 ESP/Block – 7500 ESP/SuperBlock
POS Interest: 25% Annually
Total Supply: 50 Billion
Actual Supply: 20 Billion
Abbreviation:ESP (2.0)
Port:>RPC – 22442, P2P – 22448
Auto Updater: Windows only
Auto-Generated Config: Yes
In-wallet Miner: CPU/GPU (Under Development
Date Founded: April 12, 2016
Current Developer:CryptoCoderz

Espers ESP Token ICO Details

Max Coins: 50 Billion [ESP]
Market Cap: $28,073,863 USD
Max Supply: 50,000,000,000 ESP
Reverse-ICO: 20%
Reserved for Development:5%

Espers Verdict

The team around Esper seems ambitious to develop and deliver great blockchain technologies and have been doing so for over 2 years. The swap of the ESP1 chain and the company's changes of development priorities might have thrown them back a bit, but the updated roadmap looks promising. Esper is promising its users to be here to stay and to develop secure and high-end products. They target to deliver ROI in a couple of months and also target a 1000% profit within the next 6 to 12 month. This is highly ambitious but after a crash on October 2017, their coin ESP has been moving up since about a month.

But as with all cryptocurrency investments, we advise doing a lot of research on your own before you invest in the blockchain technology.

Warning! If you are on yobit.net, DO NOT buy espers there as it is an old chain (ESP1) and yobit.net refuses to update the chain to a new one).

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