EDENCHAIN – A Novel Decentralized Programmable Ecosystem

Hey Guys!

I hope you are keeping pace with the innovation that is sweeping across the world through blockchain technology. Blockchain technology continues to improve our everyday living particularly in the area of online transactions.

Today, I will be introducing you to a whole new decentralized programmable ecosystem which comes with more efficient architectures and protocols in providing solutions to the problems that existing blockchain networks face. There is no gainsaying in denying the fact that despite laudable achievements that blockchain technology has brought in the area of online transactions, this technology still lag behind in some areas.

Billions of transactions are carried out per second and for blockchain technology to gain mainstream attention, then the level of performance i.e transaction per second on this novel tech must meet up with the market demands in the area of online transactions. Performance inefficiency as a result of lack of scalability is still a major problem that blockchain faces. This has successfully lowered the number of transactions per second on the blockchain. Another problem is lack of secured connectivity. Secured connectivity with external systems is something that the current blockchain network lacks at the moment. This is particularly dangerous as hackers are on the lookout to take advantage of any little slack in the security of transactions and vital information.

A cursory look at the image below will give you an idea of the current position of blockchain technology in providing an alternative to online transaction platforms.

It is quite evident that there is a need for a novel programmable economy that will put blockchain on the map as one of the best platforms for carrying out safe, efficient and secured transactions. In the course of my research, I found just the platform that exist to solve these major issues that blockchain faces today.

Introducing EDENCHAIN – A Novel Decentralized Programmable Ecosystem

Eden is a revolutionary decentralized programmable economy platform that aims to provide high-performance processing speeds for online transactions. The major aim of this novel platform is to proffer solutions to the technical issues that faces the current blockchain networks e.g. Bitcoin and Ethereum. The Eden platform comes with truly innovative architecture and protocols that aims to provide automated services leveraging the power of smart contracts, and also providing an avenue to securely connect to external systems. Traditional blockchain networks can be insecure when it comes to connecting to external systems which expose these networks to malicious hackers. But Edenchain has implemented an E-bridge layer that retrieves data from multiple data sources when the platform interacts with external systems. This data is also encrypted with a fool-proof Median Voter Theorem (MVT) that protects the data from malicious attacks from hackers. Edenchain provides the following solutions to the existing blockchain problems:

• Increased Scalability/Performance
• Secured Connectivity

Increased Scalability/Performance
One of the areas in which Edenchain has improved the programmable ecosystem is in terms of increased performance. Eden combines the use of Namespaces and Merkle Tree which isolates transactions based on a particular namespace thereby ensuring increased performance and scalability. The execution of smart contracts on this platform is based on parallel processing by the namespace. This ensures that the Edenchain platform is able to carry out a vast number of transactions simultaneously in parallel. It is worthy of note that Eden is a permissioned blockchain which enables smart contracts to run quickly and efficiently in a trusted environment. A permissioned blockchain enables smart contract transactions to be carried out on some selected nodes rather than all the nodes in the system. Current blockchain networks like bitcoin and ethereum uses permissionless blockchain which means smart contracts run on all the nodes in the ecosystem but Edenchain deviates from this to use a protocol which refuses to burden the whole nodes in the ecosystem thereby improving performance and scalability.

Secured Connectivity
Connecting to external systems is also an area in which the current blockchain networks are less efficient in terms of providing a secure protocol that connects to external systems. Edenchain solves this seemingly huge problem by implementing the E-Bridge layer. The E-Bridge layer is a core protocol that acts as a secured software bridge connecting the on-chain with the off-chain. Transferring of data within a blockchain network can be secured with the use of consensus algorithm but the transmission of data between on-chain and off-chain networks could be prone to attacks by hackers if not done in a secured manner. E-Bridge is a technology that solves this technical problem and provides trusted connectivity between the on-chain and off-chain modules. Eden makes use of E-Oracle technology to effectively defend against hacker attacks when data is being exchanged between on-chain and Off-chain networks.

Edenchain programmable ecosystem is a novel blockchain platform that increase performance and speed of transactions using innovative protocols like namespace and MVT which ensures speedy transactions. Eden also provides a secure way of connecting to external systems through the E-Bridge layer in a secured manner. Edenchain is a decentralized platform that greatly increases computing power so as to handle more transactions while also increasing processing speeds.

The Eden Token
The Eden token with the ticker EDN is an ERC20 standard type token. The tokens will be used to carry out transactions on the Eden platform. The Eden token will also be the standard token on the Eden exchange when it becomes fully operational. The ICO for this wonderful project was conducted in May 2018 with a total 3,530 ETH generated. The total supply of Eden token is 1 billion EDN while the ICO price is $0.06.

Token Information:
Name: Edenchain
Total supply: 1,000,000,000 EDN
Type: ERC-20
Ticker: EDN
Price: 1EDN = $0.06
Fund Raising Target: $24,000,000

Token Allocation:
• Token Sale - 40%
• Strategic Partners - 15%
• Founders and Shareholders - 13%
• Accelerator Program - 12%
• Foundation - 10%
• Bounty and Marketing – 5%
• Advisors and Team – 5%

The Edenchain team

Advisors

Investors and Partners

Roadmap

I have provided links to the website and whitepaper of Edenhain below
• Website: https://edenchain.io/
• WhitePaper: https://edenchain.io/wp-content/uploads/2018/05/EdenChain-Whitepaper_v1.2.pdf
The following provides the link to their social media sites:
• Facebook：https://www.facebook.com/edenchainio
• Twitter：https://twitter.com/edenchainio
• Telegram group: https://t.me/edenchainio
Authours Profile: https://bitcointalk.org/index.php?action=profile;u=2077261
Author’s Telegram: https://t.me/folorunsho15