In this article, let's analyze EdenChain according to its strengths and weaknesses
StrengthsThe major strengths of EdenChain lie in its adoption of blockchain technology and a super unique architecture to solve existing problems in the asset trading industry.
Blockchain confers on EdenChain, elements of decentralization, low transaction fees, interoperability, and scalability.
Another Strength that EdenChain possesses is in the use of a special 3-layer architecture and with other valuable concepts to enhance performance and security in comparison to other projects.
In addition, one other strength this project boasts of is the wealth of experience of its developers, quality of advisors, and strong industry partnerships.
The team of developers combined about 5 decades of experience in blockchain technology, Cloud, and Big Data on this project. For Example, James Ahn (the CEO and Founder) was a former CTO at CyberRenassance Inc in Japan and has spent over 20 years in IT. Ditto the others like: Jenny Ryoo (Co-founder and 10 years of experience in Cloud Analytics); Kangho Kim (CSO and partner at Byzantine Partners); Brian Park (Developer); Hokyun Kim (Developer); Jessica Park (Marketer); Kathy Roe (Marketer); Changki Park (Advisor: founder of Paxnet with 14 years of experience at Samsung);
Mirza Uddin (Advisor: investor at Two Sigma);
Aaron Tay (Advisor: Byzantine Partners);
Joongheon Kim(Advisor: Masters and PhD from the University of Southern California).
All have professional experience in IT or big enterprise according to their profiles on Linkedln.
In comparison with other projects using certain criteriaProject | Consensus Algorithm | Interoperability | Testnet tx/s | Permissioned Blockchain (Scalable, Energy efficient, Low transaction cost, Security) | Asset | Industry Partners | Supported Languages |
|---|---|---|---|---|---|---|---|
Ethereum | PoW | ❎ | 25 | ❎ | Native Asset | High | Solidity (the most popular smart contract programming language) |
EOS | DPoS | ✅ | 1000 | ❎ | Native Asset | Average | C, C++, or web assembly |
NEO | dBFT | ❎ | 1000 | ❎ | Native Asset | High | C#, C++, JavaScript, Python, etc. |
Edenchain | PoET | ✅ | 1000/Namespace | ✅ | Any Asset (Tangible or intangible) | High | Solidity |
Lisk | DPos | ❎ | 2.5 | ❎ | Native Asset | Low | JavaScript, TypeScript. |
WeaknessesMajor weaknesses with EdenChain in comparison with similar other projects is that its mainnet is yet to be launched and its market capitalization is still very low at $24 million. Although these shortcomings, just like any startup, will probably be forgotten when the mainnet is launched.
Major Expected Milestone: Mainnet by Q1 2019.
Final Thoughts
With all the points taken into consideration, we can safely conclude that EdenChain is a solid project for enterprises. They have done a great job to identify and solve issues in digital asset trading ecosystem. Pushing this programmable economy onto the blockchain community provides decentralization and sundry benefits for all.
Questions regarding this innovative platform, EdenChain are welcomed from our esteemed readers.
Additional information on EdenChain can be gotten from their Website or from the Whitepaper
SOCIAL LINKS
TELEGRAM
ADDITIONAL LINKS
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Edenchain is much more than just another whitepaper, they’ve got 2 completed MVP – in E-explorer and E-edge, 20+ strategic investors to date and 20+ partnerships and alliances to date. This is one of the many reasons I have got confidence in this project.
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The team of experienced and decidated professionals have put together an aggressive but achievable roadmap that should set them up for success.
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Edenchain would provide an ICO Platform for start-ups to launch their own ICOs across all sectors.
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This is one of the projects that is worth paying attention to.
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A programmable economy has been a goal for many to produce, EdenChain looks to be the first to attempt it within the blockchain world. As an investor I took the risk by investing in this daring project during its ICO, I hope for success and to would be rewarded with profits in the long term.
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Yeah, the risk is high, but the payout might be huge if EdenChain can truly crack the code, and deliver a programmable economy through its blockchain.
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EdenChain is a unique opportunity in the crypto market the likes of which we have not seen in a long time.
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Everyone is talking about the possibilities of Ethereum. It has a lot of options for developers who don’t want to create a whole new blockchain. But it also has its limits, and that’s why Edenchain stands the chance to outperform it.
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Are there any problems with listing EDEN? takes so long
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I wonder how Edenchain expects to grow their company without Chinese or American clients 🤔
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I see Edenchain is coming into the market with an entirely new and innovative approach to solving scalability issues and enhancing security through its blockchain architecture, but can you please shed a little more light on the PoET consensus algorithm?
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Edenchain would be used easily by companies, organizations or individuals that needs to implement blockchain technology and tokenise it.
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