EtherInc
EtherInc
Token: ETI


The Future of Organizations

ICO dates
Start date: 2018-03-06
End date:

Registrated in: Australia

Platform: Ethereum
Type: ERC20

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EtherInc categories
Business services Cryptocurrency Legal Platform Smart Contract Software
EtherInc whitepaper
EtherInc token sale
KYC passing required Yes | Whitelist No | Restriction for countries USA, China
Hard cap 50,000,000
Tokens for sale 450,000,000
Token distribution in ICO
45,11%
45,11%
Price 1 ETI = 0.0005 ETH
Price in PreICO 1 ETI = 0,0004 ETH
Minimal investment 1000 ETI
Acceppting ETH, BTC, LTC
EtherInc news, social
EtherInc search trends in Google
Random whitepaper excerpts

Table of Contents

Disclaimer
................................................................................................................................. 3

Abstract
.................................................................................................................................... 5

Introduction
.............................................................................................................................. 5

History
...................................................................................................................................... 5

Bitcoin As A State Transition System
.................................................................................... 6

Mining
....................................................................................................................................... 7

Merkle Trees
......................................

DISCLAIMER OF LIABILITY - einc.io
The eInc white paper has been prepared by the eInc team for the sole purpose of introducing the
technical aspects of the eInc and its associated platform and underlying blockchain protocol. This
document does not constitute any offer, solicitation, recommendation or invitation for, or in relation to,
the securities of any company described herein.
The white paper is not an offering document or prospectus, and is not intended to provide the basis of
any investment decision or contract. The information presented in this white paper is of a technical
engineering nature only, and has not been subject to independent audit, verification or analysis by any
professional legal, accounting, engineering or financial advisers.
The white paper does not purport to include information that a buyer of ETI coins might require to
form any purchase decision, and, in particular, does not comprehensively address risks of the ETI,
which are numerous and significant.
eInc (along with its...

issuance, trading, blockchain finance, blockchain applications, and other businesses under existing
legal framework.
B. Market risk
The ultimate goal of eInc is to enable organisations and individuals to run businesses on the
blockchain. However, since the blockchain industry is still in its infancy, the project will face a variety
of market tests in the future.
The Operations team will use the following ways to mitigate the market risks:
• eInc Operations team will attend industry meetings regularly and hold press releases on project
progress from time to time to communicate and discuss with relevant businesses regarding current
market needs and prospects. This can ensure that the project is able to promptly respond to voices of
the community and market.
C. Technical risk
The goal of eInc is to establish a platform to run organisations on the blockchain, which is a
challenging task in terms of technology development. Therefore, the project puts a high demand on
top-notch technical ...

Abstract
The intent of EtherInc is to create an alternative protocol for running decentralized organizations and
building decentralized applications, providing a different set of tradeoffs that we believe will be very
useful for a large class of decentralized applications, with particular emphasis on situations where rapid
development time, security for small and rarely used applications, and the ability of different
applications to very efficiently interact, are important. EtherInc does this by building what is essentially
the ultimate abstract foundational layer: a blockchain with a built-in Turing-complete programming
language, allowing anyone to write smart contracts and decentralized applications where they can
create their own arbitrary rules for ownership, transaction formats and state transition functions. A
bare-bones version of Namecoin can be written in two lines of code, and other protocols like currencies
and reputation systems can be built in under twenty. Smart contracts, cryptographic 'boxes' tha...

beyond the scope of this paper but it should be noted that both approaches can be used to serve as the
backbone of a cryptocurrency.
Bitcoin As A State Transition System
From a technical standpoint, the ledger of a cryptocurrency such as Bitcoin can be thought of as a state
transition system, where there is a 'state' consisting of the ownership status of all existing bitcoins and
a 'state transition function' that takes a state and a transaction and outputs a new state which is the
result. In a standard banking system, for example, the state is a balance sheet, a transaction is a request
to move $X from A to B, and the state transition function reduces the value of A's account by $X and
increases the value of B's account by $X. If A's account has less than $X in the first place, the state
transition function returns an error. Hence, one can formally define:
APPLY(S,TX) -> S' or ERROR
In the banking system defined above:
APPLY({ Alice: $50, Bob: $50 },'send $20 from Alice to Bob') = { Alice: $30,...

Mining
If we had access to a trustworthy centralized service, this system would be trivial to implement; it
could be coded exactly as described, using a centralized server's hard drive to keep track of the state.
However, with Bitcoin we are trying to build a decentralized currency system, so we will need to
combine the state transition system with a consensus system in order to ensure that everyone agrees on
the order of transactions. Bitcoin's decentralized consensus process requires nodes in the network to
continuously attempt to produce packages of transactions called 'blocks'. The network is intended to
create one block approximately every ten minutes, with each block containing a timestamp, a nonce, a
reference to (i.e., hash of) the previous block and a list of all of the transactions that have taken place
since the previous block. Over time, this creates a persistent, ever-growing, 'blockchain' that
continually updates to represent the latest state of the Bitcoin ledger.
The algorithm for checking...

In order to better understand the purpose of mining, let us examine what happens in the event of a
malicious attacker. Since Bitcoin's underlying cryptography is known to be secure, the attacker will
target the one part of the Bitcoin system that is not protected by cryptography directly: the order of
transactions. The attacker's strategy is simple:
1. Send 100 BTC to a merchant in exchange for some product (preferably a rapid-delivery digital good)
2. Wait for the delivery of the product
3. Produce another transaction sending the same 100 BTC to himself Try to convince the network that
his transaction to himself was the one that came first.
Once step (1) has taken place, after a few minutes some miner will include the transaction in a block,
say block number 270000. After about one hour, five more blocks will have been added to the chain
after that block, with each of those blocks indirectly pointing to the transaction and thus 'confirming'
it. At this point, the merchant will accept the payment as final...

02: any attempt to change any part of the Merkle tree will eventually lead to an inconsistency
somewhere up the chain.
An important scalability feature of Bitcoin is that the block is stored in a multi-level data structure. The
'hash' of a block is actually only the hash of the block header, a roughly 200-byte piece of data that
contains the timestamp, nonce, previous block hash and the root hash of a data structure called the
Merkle tree storing all transactions in the block. A Merkle tree is a type of binary tree, composed of a
set of nodes with a large number of leaf nodes at the bottom of the tree containing the underlying data,
a set of intermediate nodes where each node is the hash of its two children, and finally a single root
node, also formed from the hash of its two children, representing the 'top' of the tree. The purpose of
the Merkle tree is to allow the data in a block to be delivered piecemeal: a node can download only the
header of a block from one source, the small part of the tree relevant to t...

EtherInc Roadmap

1
Q3 2017
eInc DApp launched on Ethereum Blockchain.
2
Feb 13, 2018
Release of the eInc Blockchain.
3
Mar 06, 2018
Launch of the public coin sale.
4
Q2 2018
Community building, Exchange listing, eInc Startup investments.
5
Q3 2018
Diplomacy work begins to partner with certain countries to get eInc protocol and ETI coins legal status.
6
Q4 2018
Create further awareness about eInc Blockchain based organisation.
Tarun Malik
Tarun Malik Co-Founder

Suryansh Kumar
Suryansh Kumar Co-Founder

Anant Mendiratta
Anant Mendiratta Co-Founder

Vladimir Nikitin
Advisor Vladimir Nikitin Advisor

Tyler Sanford
Advisor Tyler Sanford Advisor

Shkilev Nikolay
Advisor Shkilev Nikolay Advisor

Douglas Lyons
Advisor Douglas Lyons Advisor

Mofassair Hossain
Advisor Mofassair Hossain Advisor

Rumen Slavchov
Advisor Rumen Slavchov Advisor

Amarpreet Singh
Advisor Amarpreet Singh Advisor

Amarpreet Singh
Amarpreet Singh
Advisor
INTERNATIONAL RELATIONS ADVISOR
Ex-Microsoft, The World Bank, NUS, MBA
Blockchain & ICO Advisor | Fintech | Innovation | Machine Learning | AI
(Blockchain & Strategy Advisor)
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AMARPREET SINGH
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Anant Mendiratta
Anant Mendiratta
Co-Founder
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Douglas Lyons
Douglas Lyons
Advisor
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Mofassair Hossain
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Top ICO Expert, ICO Bench
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ICO Expert
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Rumen Slavchov
Rumen Slavchov
Advisor
PR, IR, Marketing and Stucturing
Chief Relationship Officer - Sales Manager
Chief Relationship Officer | Sales Manager | ICO Marketing
Marketing Advisor
Marketing Advisor
Blockchain & Marketing Expert
ICO Advisor - Strategy Top 12 ICO Advisor
Marketing Manager
Suryansh Kumar
Suryansh Kumar
Co-Founder
BLOCKCHAIN and SMART CONTRACT ADVISOR
Tyler Sanford
Tyler Sanford
Advisor
Community Outreach
Branding and Social Media Advisor
Part of 8 ICO’s raising $130+ Million. Strong knowledge of marketing experience with seven years of experience with Tech-Startups such as Yelp and Zenefits. TOP-50 from more than 25000 People on ICCbe
Marketing Consultant
Marketing Advisor
Vladimir Nikitin
Vladimir Nikitin
Advisor
KYC DIRECTOR
Legal Advisor - Russia
Vice-president of Blockchain startup CryptoPromo
ICO Advisor | Legal Consulting
Head of Advisory Board
ICO/Compliance Advisor
Legal Advisor
Advisor
Blockchain & ICO Expert, Political Advisor, Coalichain Ambassador - Russia
Advisor
Legal & Promotion
Master of Law, Master of Economics (Finance and Credit)
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Co-Founder, Top ICO Advisors
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