Edenchain is the programmable economy platform for blockchain used for capitalizing and trading every sort of assets to the programmable economy technology. It will be used according to the blockchain smart contracts for capitalizing tangible and intangible asset values. This will enhance the process of tokenization so that the smart contracts can integrate the real and virtual economies.
It will generate a fundamental platform for the economy platform using the advantages of Eden programmable economy by lowering transaction costs, redistribution of profits and by generating new market to the existed capitalized domestic and foreign material. This will help to enrich the returning economic benefits and will make solutions for the technical problems and it will provide all the necessary contents for the implementation of the programmable economy.
E-Bridge
A core technology for Edenchain is E-Bridge where the bridge layer connects with Eden through the external system. It essentially acts as a software bridge and it connects the on-chain and off-chain. The data will move within the blockchain network ensuring the security by the implementation of technologies like a consensus algorithm and encrypted messaging.
The external system of the data has a guarantee of security as it can be attacked by the hackers from some places and therefore on-chain modules and off-chain modules can interact whenever it is necessary to build trust for the external system. It will assure the data transmission from the external system from the securely transmitted threats linked with the on-chain module. There will be a problem in trust for an odd-chain data source and it can even be resolved by the external system providing public services with reputation.
The example of Apple stock can be a good match to it. If the stocks of Apple requires a smart contract and data, it will receive it from the Nasdaq as it is considered to the reliable source for data providing. A trust problem may occur in the off-chain module while communicating with an external system and it can be classified largely from three issues. Such as;
Data Source Reliability: It is the problem regarding reliability for the data providers by the correction of external system
Reliable Data Transfer from A Data Source: This will make a correction to the delivery of data by the means of the data from a reliable data source. It is simple for the transmission entirely without being into the subject of hacking, data corruption or improper to the data fetching.
Reliable Data Transfer from the Off-chain Module to the On-chain Module: It will transmit the data from the reliable data sources through an external system where it will need to be transmitted to the on-chain module without being attacked.
The technology of E-Bridge technical problems will be solved by providing trusted connectivity among the on-chain and off-chain modules. The design of E-Bridge has the existence around the software module like Oracle server and it is located into enclave off-chain and it will be located at the execution level for on-chain. The clients for Oracle are able to interact with one another to secure the connectivity.
Edenchain has its focus on getting into the bottom of the technical issues to utilize the software and hardware so that it can promote the presentation of the whole network and guard the blockchain against the external hackers. This will necessitate having the ability to monetize the assets to implement locked, cost-efficient and closer transactions.
Website : http://edenchain.io/
Whitepaper : https://drive.google.com/file/d/1qUUUm8mNuL-7f5yYsNza1gqcZE6PoDhN/view
Telegram : https://t.me/edenchainio
Twitter : https://twitter.com/edenchainio
Reddit : https://www.reddit.com/r/edenchainio/
Linkedin : https://www.linkedin.com/company/edenpartnersinc/