Open Source Medical research without intellectual property. Etica Protocol

Since 2018 I've been working on the creation of a blockchain Protocol for Open Source Medical research without intellectual property aka the Etica Protocol. https://www.eticaprotocol.org

Victor Hugo said: "Nothing is More Powerful than an Idea Whose Time has Come"

I think the time for Etica has come, so let me share a brief presentation of Etica with you.

Brief presentation:

Etica aims to promote open source medical research without intellectual property. It incentivizes publication of research oriented papers (by professionals or not) for each disease added to the network.

Etica protocol has its own currency Etica (ETI). The protocol has a fixed inflation of about 2.5% per year. Thanks to this inflation it funds the curation rewards (for voters) and editor rewards (for creators of proposals).

It operates based on periods of 7 days. For each period a curation_reward as well as an editor_reward will be issued by the Protocol (respecting the 2.5% yearly inflation rate). For each period all users can submit Proposals in order to get a part of the editor_reward of the period. Etica token holders can submit and vote on proposals using a staking system (They have to lock Eticas for 28 days in exchange for bosoms). Bosoms are a unit of measure inherent to the protocol that is used by the voting system. All proposals can be voted upon for 3 weeks. After the voting duration has been passed the Protocol rewards or penalises participants based on the outcome of the votes.

The protocol is designed in such a way that only about 72% of proposals will be accepted. Thus due to open source competition the creators of proposals will have to improve the quality of their papers to get a proposals accepted by the network as things progress

The creator of a proposal that was accepted by the network will be rewarded with a part of the period's editor_reward that will be proportional to the amount of Eticas that was used by token holders to vote on the proposal. If the proposal is rejected, depending on the level of the rejection the creator of the proposal will have it's stack duration increased (for instance 65 days) or even lose funds (to submit you have to put a collateral of 10 ETI that you can lose if proposal is heavily rejected by the network).

The voters that vote on the wining side (can be either accepted or rejected) will get a part of the curation_reward proportional to the amount of Eticas they have used to vote on the proposal. If they vote on the losing side, their stack will be increased (for instance 84 days longer) in proportion to the level of rejection.

Full details in the whitepaper.

The whitepaper:

The Etica whitepaper (9 pages) describes how the protocol will operate in details. (As Published and sent to the original Satoshi Nakamoto mailing list in September 2019)

https://eticaprotocol.org/viewwhitepaper

The smart contract:

The Etica smart contract is on github/etica. It is a complexe smart contract that successfully implements everything described in the whitepaper in the form of an Ethereum smart contract. If you are a developper or you know ethereum developpers tell them to review this smart contract. I have full confidence they will assess the quality of the code.

Reddit r/etica:

I recently got ownership of r/etica and this is where I plan to organise the emerging community. If you are interested in this project make sure you join r/etica

A working explorer of Etica protocol on Ethereum mainnet:

https://www.etica.io

https://www.youtube.com/watch?v=LXTQWmXPO8k (demo of a vote on etica.io)

My brand new personal youtube channel where I mostly talk about Monero for now but I will start to also make videos about Etica:

https://www.youtube.com/channel/UCMg5jHjEp59TKy_0tdoeXnQ

Etica is all about open source and creating a community based project with nobody having specific privileges. Even if I started to work on Etica alone, I understand the potential of this project, it is much bigger than me and to succeed it needs to be completely decentralised from day 1.

This is why I want to underline these facts:

1. I plan to launch Etica in coming months from scratch as soon as there will be a community
2. There will be no premine
3. Anybody joining Etica will have same rights, aka I won't have any privilege nor anybody else
4. It is completely open source
5. It is a neutral protocol
6. There is no backdoor Key or Key with specific rights
7. The smart contract will be launched on its Blockchain (a Fork of Ethereum Proof of work)
8. The initial supply will be distributed trough mining
9. Mining will stop forever once we reach 21 Million Eticas (should take several years)
10. Then only the yearly inflation of 2.5% will generate new Eticas.

This stuff is not mine, it is all about building it together. Let's become Legends and Join r/etica

Best regards,

Kevin Wad