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Ellaism is a decentralized cryptocurrency and smart contract platform that emerged as a community-driven fork of Ethereum, aiming to maintain the original vision of a censorship-resistant blockchain without ICOs or premine. It operates with its own independent network and community governance, allowing developers to build and deploy decentralized applications similar to Ethereum. The project emphasizes principles of immutability, decentralization, and community control, positioning itself as an alternative to larger blockchain platforms while maintaining technical compatibility with Ethereum's virtual machine.