Espers

As per its whitepaper, Espers is a blockchain-based messaging service that aims to give users an overall pleasing and seamless experience. The developers of Espers believe that by focusing on the yields generated through the blockchain functions, the real reason to develop the services becomes veiled.

Most blockchain-based messaging services do not efficiently use the chain algorithm to encrypt the sent or received messages. By attaching the messages to the private key of the user, the additional load on the blockchain can be avoided. However, this contrasts with how blockchains function in terms of updating transaction details onto the public ledgers. ESP is the native token that would be needed for the services of the platform.

Espers use encryption algorithms to provide security to the users and validate the messages similar to blockchain transactions. Thus, Espers services also benefit by reducing spam or false messages considerably. The time and receiver of a message sent are recorded publicly to ensure transparency. However, the content of the messages is only available using the private key and therefore secured.

Moreover, the existing blockchain services normally carry out a specific task or functionality. However, it is not necessary for such services to do so. Subsequently, most services fall short of keeping their end goal. With the highlight solely on the tokens, most users do not derive much real value from the blockchain services.

Espers aim to alter this scenario by providing true value to the users. The developers aim to achieve this without subjecting their users to rigorous scrutiny based on their blockchain activities. Furthermore, generating revenue through user activity is also not the priority of Espers.

The developers of Espers aim to use a blockchain that uses both Proof of Work (PoW) and Proof of Stake (PoS) to increase the security of its services. Thereby, creating a hybrid blockchain allows for both these protocols to be shuffled together on a single blockchain. By doing so, the blockchain of Espers gains advantages over any other service that relies on a single method.

According to its website, the developer team of Espers is inspired by creativity. The team includes lead web developer Michael Bos, lead developer Jonathan Zeretsky, and Antonio Batista as the project logistics. Its whitepaper was released in 2018. The maximum supply of ESP would not exceed fifty billion.