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With the birth of blockchain technology and cryptocurrency, developers have not relented in making new improvements on daily baisis. This is pointed words the fact that they want all users to enjoy the possibilities of cryptocurrency and the technology backing it which is the blockchain technology. Giving to the fact that Blockchain technology has its own unique features of decentraliztion it is possible for any developer to create its own unique decentralized application with any novel idea it offers to its users. The creation of many decentralized applications on has lead to scalability issues which which has in turn created high latency period on the blockchain network.
If development has to continue on this framework then it is important that the scalability issue is being worked on.
THE SOLUTION OFFERED BY BITSHARE 2.0 GRAPHENE
Graphene is the underlying framework that successfully powers many different big blockchains network (Steem, Bitshares, Golos, etc). Graphene 1.0 was outstanding in its cpability to process numerous transactions up to hundreds of thousands and it has enabled the development of big blockchain projects like steem. Graphene 2.0 is a notable improvements on this backend technology that is aimed at helping platforms like big platform with large scale in an secure and economical manner without interfering in its sceurity measures. Bitshare is built using the latest technological features in the industry research, BitShares 2.0 offers a high level of financial services including exchange and banking on a blockchain. The Bitshare 2.0 Graphene is by far one of the best technology used in solving the scalability related issue of the blockchain technology. It can by far process numerous transactions even up to 100,000 transaction per second. This provides room for high level of productivity deliverables. This technology has the ability to multitask and carry out various functions at a go with little commissions attached to it when engaging in multi token transactions.
EDC INTEGRATION OF THE BITSHARE 2.0 GRAPHENE TECHNOLOGY
EDC will be implementing this technology in its blockchain. EDC understands to the fullest the implication of scalability and with that knowledge they will ensure that they eliminates any scalability issue on their blockchain network since many business, coopertions and individuals will be making use of it. EDC integration of Graphene 2.0 will ensure a high level of performance and guarantee developers with the opportunity to develop any high level decentralised application they wish to create. With this technology developers can create their applications and it will be able to accommodate large numbers of users operating at a full processing speed processing more than 100,000 transaction per second. With EDC users can customise their application to suit their very own desired needs, this will go a long way in solving the high level of complexity invloved in individual creating their own decentralised applications
FINAL THOUGHT
Scalability has been one of our major challenge in this space if EDC BLOCKCHAIN can address this issue adequately as rightly stated in their MVP then it will be a big win for the crypto currency community as big investors can easily make use of crypto features.
For more information visit:
Telegram Group: https://t.me/EDCBlockchain
Twitter: https://twitter.com/EDCBlockchain
Facebook: https://www.facebook.com/EDCBlockchain/ LinkedIn: https://www.linkedin.com/company/EDCBlockchain Instagram: https://www.instagram.com/EDC.Blockchain/
Website: https://blockchain.mn
Wallets: https://blockchain.mn/wallets/
Whitepaper: https://blockchain.mn/wp-content/themes/blockchain/EDC_Blockchain-presentation_(EN).pdf
Author
Bitcointalk Username: 79b79aa8d5047da6d3XX
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=364161
Very rarely does one get a view of the underlying technology that runs something like Steem -- thank you!
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