Eleven01

Eleven01 is a fast, scalable blockchain protocol which aims to make blockchain technologies ready for real world use starting from India as a beachhead market for public as well as private workloads.

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What is Eleven01

Eleven01 is a versatile blockchain protocol being developed for Indian market. The protocol can be used to create public and private chains. The developers claim their solution can be adopted by any industry. The users will be able to select a transaction engine to meet their needs. Eleven01 will be able to choose from various algorithms, Proof-of-Stake, Proof-of-Work, BFT-based algorithms, etc.  Initially, the solution will adopt ERC20 Eleven01 tokens. These tokens will later be converted into native Eleven01 tokens. The solution will also allow to create asset tokens. Eleven01 will employ oracles to ensure that off-chain systems can be used to verify the token authenticity.