About Prasaga DataGrid Blockchain
#Prasaga is a project developed with the mission of opening Decentralized access to the world. It is a project which has gather together the global developers , miners , crypto enthusiasts and investors across the global social media platform with the goals of coming together and building the world class blockchain technology known as Data Grid blockchain to resolve the prevalent barriers in blockchain space and enabling mass adoption of the technology . Prasaga will create easier access to blockchain technology and enabling easy access to the use of digital asset in various digital devices. Amongst the goals of Prasaga is to create an open decentralized network that will be easily accessible by anyone . The project also focuses on improvement in transaction speed . It aims to offer the falsest blockchain network in the world . #DataGrid blockchain (DGB) will offer personalization controls and ensuring personal democratic freedom and the data privacy .
DataGrid Blockchain is not limited to Cryptocurrency issuance or finance . It is a multipurpose blockchain network that is relevant and can be applied to different fields of life. Compaines , businesses, individuals willing to achieve operational efficiency can integrate DGB into their management system . It is relevant in communication industry , logistics industry , medical industry , education and many more . It is a general purpose blockchain designed for complex business models due to its high level of scalability . What makes DataGrid blockchain different is that it is not Smart Contract executed unlike some existing blockchain networks.
#Prasaga DataGrid Blockchain is building a parallel transaction processing technology which comprises of 2 major features : This unique features is that DGB blockchain consensus protocol comprises of 2 different protocols ; namely : Proof of Work (Pow) and Proof of Stake (PoS) Consensus algorithm , these features enables custom and split blockchain to run in the parallel , allowing them to process transactions in parallel and at the same time maintaining higher level of security just like Bitcoin network security.
As stated earlier, Prasaga DataGrid Blockchain is a multi purpose blockchain network which is applicable in diverse field of life . . #DataGrid blockchain is an infrastructure which will be very useful on a global scale due to high level of the network scalability . In terms of security , DGB offers Bitcoin like security system which gives the users of the network rest of mind , DGB use case will include (IoT) internet of Thing applications . This will grant Fintech ability to track and create complex business relationship and logic in a secure and open system.
What is DataGrid Blockchain?
DataGird Blockchain Ecosystem (Explained) : DataGrid Blockchain is the next generation blockchain network which has high disruptive tendencies . This network consist of the Proof of Work , Proof of Stake, Sharding , Staking , Sharing , Parallelization , open source code, permissions design, verifiable random functions and lots more appealing features which will make it highly secured, scalable , adoptable , independent and decentralized. The designed of the blockchain is focused on securing low latency , high transaction speed and scalability. As explained earlier, Datagrid blockchain is fueled by DGT which is the native token of the platform . DGT can be used for rewarding the miners for their block production and validation activities.
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Prasaga DataGrid Blockchain Has been Designed to Solve some key Problems in Blockchain industry
DataGrid Blockchain focuses on addressing the key challenges in the global blockchain space. Problems such as low scalability of the consensus algorithm coupled with smart contract architectural sharding . The system embraced Distributed Proof of Work ( D- POW) for effective scalability and (XBOM) Exensive Blockchain Model feature for parallelization . DataGrid Blockchain is structured by a feature called XBOM ,It established main ledger and transferring all codes, payment and transactions straight to the blockchain . it provides a more better approach to smart contracts with a very high speed , guaranteed quality and evidence of revolutionary infrastructure Token ( DGT) is a native token of DataGrid Blockchain . DGT will enable node validators and allowing DGT coin goes beyond a mere store of value instruments . DGT is a coin which goes beyond just a mere store of values , DGT is built for varieties of purpose and will serve as a token that will be used for day to day transaction . This will drive the growth for the demand of DGT, hence increasing the value . Among the prominent features of DGT token is its governance mechanism which will allow all voters who are registered on the management committee have ability to make request to the changes in the unpleasant structure in the blockchain . This feature will allow DataGrid to build to finest and most effective blockchain network .It will enable them to build a structure which will be able to resist all attacks at all level. The Ecosystem will consist of Distributed Proof of Work ( D-PoW) , XBOM and the DGT altogether to formulate an highly scalable , stavle , global and decentralized blockchain network.
XBOM
XBOM is a Blockchain based operating system, just like Windows or MAC OS but better! XBOM is designed to be the basis for various things which will facilitate the implementation of the use of Blockchain for various things. Build safe and transparent applications with lower costs and faster time consumption than today's traditional systems. Combination between DataGrid Blockchain and XBOM Creating a new concept that never existed before.
Prasaga Project Mission
Prasaga's mission is to create a global "data network". With the aim of its operation, namely to grow the asset value of the Data Grid Token (DGT) which represents data as currency, so it is called a Data Currency. Prasaga consists of several non-profit entities that are operated under the Prasaga Foundation which is managed by the Prasaga Supervisory Board. Prasaga consists of several non-profit entities operating under the Prasaga Directors. These include, Maltese Inc., Prasaga Systems Integrator, and are expected to include additional non-profit entities from time to time. The Internet of Things (IoT) is an embedded network of devices, electronics, vehicles, and other physical entities with multiple connections, sensors, actuators and software. IoT creates opportunities to create a more direct integration of the physical world with computer-based systems.
A decentralized network and platform to dynamically route data flow between distributed message servers and clients. By creating an emerging interoperable messaging network for sharing information and data, Prasaga DataGrid enables the ability to enhance the world's environment and infrastructure through a crypto-economic incentive system embedded with regenerative ecosystem principles and triple bottom line alignment. Many of these go beyond the DataGrid Prasaga, but this idea is only possible and real with the basic decentralized IoT device ecosystem. DataGrid preservation supports a bid / ask exchange for device data, namely the Chicago Board Options Exchange (Cboe; http://www.cboe.com) of IoT data. Anyone can build an exchange using DataGrid Preservation. This exchange will consist of several ETDs, (Exchange Traded Data).
What type of coin is the DataGrid Token?
The DGB utilizes the DataGrid Token ('DGT') as its 'native' coin. The DGT is a mining coin that works in the same manner as the Ethereum coin. That is, transactions ingest DGT in the same manner as the "GAS" Ethereum. New DGT is produced as motivation incentives for mining block creation, comparable to both Bitcoin and Ethereum.
DGT fiscal policy is a novel modern method to controlling the availability of coins (i.e. tokenomics) to boost the stability of DGT depending on economic activity, as contrasted to static algorithmic minting.
DataGrid Token (DGT)
DGT is the native currency of DataGrid Blockchain . Just as Ether act as the native token of Ethereum blockchain infrastructure , DGT will fuel the entire economy and operation of DataGrid blockchain . It will service as a cryptocurrency for DataGrid network marketplace . it will be used for paying transaction fees, DataGrid Date transaction , Rewards for the Validators and more . The blockchain will support smart contracts and will be support countless token .
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DataGrid Token Monetary Policy
The monetary policy embraces by the DGT is economy driven system for the smooth management of the coins production . In achieving this , the monetary policy requires Policy algorithm for minting new coins for the maximization of the coins availability and burning coins indirectly which is part of the processing node incentive scheme. The monetary system algorithm designed to increase or decrease the coins availability.
Conclusion
DataGrid blockchain is designed to solve multiple general problems related to data exchange between machines . There are various areas of the global economy which DataGrid blockchain will disrupts . Among these sectors includes : Identity , Supply Chain and logistics , Decentralized Finance Ecosystem (DeFi), Government and RegTech . The Platform envisioned to offers a better and qualitative life to everyone by integrating blockchain uses into humans life , making it more easy to use for varieties of purposes .
For more information :
Website: https://www.prasaga.com/
WhitePaper: https://www.prasaga.com/ecosystem-whitepaper/
Presale: https://www.dgblabs.io/
Telegram: https://t.me/prasagaofficial
Twitter: https://twitter.com/PrasagaOfficial
FaceBook: https://www.facebook.com/prasagaofficial
LinkedIn: https://www.linkedin.com/company/prasaga/
YouTube: https://www.youtube.com/channel/UCWvAYSTavfT2xzN7AnAc2pg
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