Prasaga DataGrid Blockchain is a brand new project presented as the next stage of blockchain technology. This blockchain is proof-of-work, proof-of-stake and parallel chains (sharding), staking, open source code, open unauthorized design, etc. It will contain many features. Short waiting times, scalability with increased resources and high tps are promised.
DGB aims to address key issues such as the scalability of the consensus algorithm and the sharding of the smart contract architecture. The Distributed Proof-of-Work feature, which they call D-POW for scalability, and the eXtensible Blockchain Object Model (XBOM) feature have been developed for parallelization. The DataGird blockchain, catalyzed by the structure called XBOM, creates a main ledger and transfers all codes, transactions and payments directly to the blockchain. It offers an evolving approach to smart contracts with increased speed, high quality and evidence of infrastructural development.
DataGrid Token (DGT) will be the native token of the blockchain. With DGT, Node Validators are encouraged so that DGT will go beyond being a value storage tool. The team seems to pay special attention to this issue. In other words, they are trying to establish a structure that will encourage the use of the DGT token. As you know, coins such as Bitcoin or Ethereum have turned into a value storage tool instead of being used in daily life with very limited token supplies. On the other hand, in inflationary projects, users try to dispose of their tokens as soon as possible due to loss of value. Prasaga aims to establish a structure for the DGT token in the middle of these two extremes. It is a token that can be used and will not lose its value day by day.
One of the most important features of the new blockchain will be the Governance mechanism. Every voter registered on the management committee will be able to request changes to the blockchain. If the majority deems this appropriate, the relevant codes will be processed and the request will be fulfilled. A very essential feature for decentralization. Network security is also very important. For this purpose, a structure that can resist all attacks at the highest level will be created.
As a result, D-Pow, XBOM and DGT together form a global, scalable, stable, independent and decentralized blockchain. However, it should be noted that some of these innovations are currently pending for patents. If you want to review the source code, you can visit https://www.xbom.io/.
DataGrid Blockchain
The DataGrid Blockchain is a new form for a blockchain that incorporates the concept of proof- of-work, proof-of-stake, parallel chain/ sharing, Byzantine fault tolerance, verifiable random functions, staking, open, permissionless design, or open-source code. This data grid blockchain is explicitly designed to secure low latency, high up the throughput transaction rates, and scalable with increased source availability. The DGP uses the DataGrid Token( DGT) as its native coin, while DGT is a mind coin that functions precisely as the ethereum coin. It is created as an incentive award for miner's block production similar to both Ethereum and Bitcoin.
DataGrid Token (DGT)
The DataGrid token (DGT) is a cryptocurrency used on the Blockchain Marketplace for transaction fees, for validator rewards, and for DataGrid data transactions. The following DGT flows are predefined as part of the DataGrid Architecture. Since the Blockchain Marketplace supports Smart Contracts, the number and types of token streams are not limited. The DataGrid vendor, which operates the DataGrid Message Server, acquires DGT through normal operations to buy data from data producers and sell data to data consumers. The main mission of the Prasaga Foundation is to drive growth, and support DataGrid globally. Thus, the previous treasury was funded according to tokenomics. The Strengths and Incentives of the Blockchain Validator Market The incentives for the Blockchain Validator Marketplace are described below. The Blockchain marketplace will use a "stakes" consensus model as opposed to a "Proof-of-Work" consensus model for validating blocks. The P Blockchain Marketplace accepts general Smart Contract transactions and DataGrid Smart Contract transactions that include one or more trusts. To incentivize the validator to accept trustworthy transactions, the block producer reward is increased by a percentage of the number of trustworthy transactions in a given block of the total number of block transactions.
What Features will DataGrid Have?
DGB possesses features that make it the most advanced crypto platform in the financial world. Among these features include;
- Transaction Speed and Efficiency : One feature that makes DGB unique is that it’s the first blockchain to introduce a hybrid consensus algorithm. DGB leverages a dual chain consensus algorithm, combining both Proof-of-Work and Proof-of-Stake algorithms in its functioning. The feature combination makes the DGB super-efficient and reliable, with the characteristics of top transaction speeds and the release of new blocks.
- Sharding and scalability : Currently, all blockchains in the crypto space lack scalability of transactions. Because of their growth in adoption, it takes long durations to complete the verification of transactions. However, DGB implants sharding to bolster its scalability. Sharding is a technology that breaks down the database into small partitions called shards, which are operationally independent, thus can provide space for increasing resource supply in the blockchain.
- Parallel Transaction Execution : DGB institutes a system that allows it to execute multiple transactions simultaneously. Parallel execution of transactions will increase the speed of service delivery.
- Top Security : As an option for completion of payment, DGB is instituting safety protocols ensuring the platform has top security from hackers and attackers. DGB inculcates security that may parallel Bitcoin while still providing decentralization and speed. There is a safety-critical system enabling private, secure, interoperable networks. It will have vast applications in the industrial internet provision, messaging networks, fintech, and Dapps. The PoW-PoS system offers even more security protecting the system from 51%-attacks cases. In design, DCB will have maximum transparency but still maintain the highest integrity level for world data storage. The aim is to make an open-source, truly distributed, and decentralized network by leveraging the best system principles.
- Complete Decentralization : To bolster the blockchain's decentralization, DGB uses XBOM. XBOM is an eXtensible Blockchain Object Model, providing top infrastructure for faster Dapp development, better market[place functioning and generation of a decentralized and scalable network. You can fully control your account. The marketplace transactions are decentralized in that all economic benefits autonomy and security if focused on the participants. A code inheritance-like system that provides a chance for exponential improvement All on-chain executions follow a smart asset approach that fosters privacy, compliance to regulations, and better monetary policy.
Prasaga’s Real-Time Data Marketplaces
Prasaga provides a marketplace for exchanging data between IoT device owners and data consumers in a decentralized, frictionless, free, and secure manner. The platform allows all entities to build their data marketplace and sell them to data consumers. Unlike other marketplaces that offer past data, the Prasaga marketplace allows the entities to provide real-time data. It is easy to integrate many IoT smart devices, giving enormous data liquidity. It's the consumers' choice to select their data sources. In Prasaga, there is top innovation in the social world, especially with the real-time data streams. The hub of all these marketplaces will be the DataGrid blockchain, with innovators getting an easy time using DGB.
Prasaga Token Detail
Token Name : DGT
Contract Address : 0x17101F0fF8F42Bc1AcF9A85aE0Ec2ee4166A6496
Decimals : 18
Max Total Supply : 53,278,888,889 DGT
Conclusion
In short, DataGrid Prasaga is a decentralized network or platform for dynamically routing data flow between distributed message servers and clients. Prasaga's mission is to create a global (data network). For the purpose of work, namely increasing the value of the Data Grid Token (DGT) asset in the future. and I personally believe that this Prasaga project will attract large market investments.
More Information Prasaga
Website: https://www.prasaga.com/
WhitePaper: https://www.prasaga.com/ecosystem-whitepaper/
Token Presale Page: https://www.dgblabs.io/
Telegram channel: https://t.me/prasagaofficial
Twitter: https://twitter.com/PrasagaOfficial
FaceBook: https://www.facebook.com/prasagaofficial
LinkedIn: https://www.linkedin.com/company/prasaga
Author : Gozila
ETH : 0x948c0D91F515575d1fb04907F5adEC922C2cf494