![Logo](/uploads/logo.png "Logo"){.pagelogo} <!-- TITLE: Principles --> <!-- SUBTITLE: Ellaism - A stable network with no premine and no dev fees --> (Derived from Principles of Bitcoin)[^1] All changes and upgrades to the protocol should strive to maintain and reinforce these Principles of Ellaism * Monetary Policy: 280 million coins. * No censorship: Nobody should be able to prevent valid txs from being confirmed. * Open-Source: Ellaism source code should always be open for anyone to read, modify, copy, share. * Permissionless: No arbitrary gatekeepers should ever prevent anybody from being part of the network (user, node, miner, etc). * Pseudonymous: No ID should be required to own, use Ellaism. * Fungible: All coins are equal and should be equally spendable. * Irreversible Transactions: Confirmed blocks should be set in stone. Blockchain History should be immutable. * No Contentious Hard Forks: Never hard fork without consensus from the whole community. Only break the existing consensus when necessary. Many feature upgrades can be carried out without a hard fork, such as improving the performance of the EVM. --- [^1]: https://en.bitcoin.it/wiki/Principles_of_Bitcoin)