The platform called Edenchain plans to make a 3rd generation blockchain that has the support and help of smart contracts to create a programmable economy. On this platform, users can take advantage of their digital assets and trade them over the blockchain network. This platform also hopes to bring to the table a general system where users can access the finance, healthcare, business, marketing, as well as other sectors.
The main goal of the Edenchain is to create a general blockchain platform with numerous applications that cuts across a lot of important sectors in our lives. It also tries to provide solutions that plague these sectors in accordance to their technology and the world market.
Problems
The issues that Edenchain tackles include
- Numerous platforms under each sectors are affected generally by security and performance issues
- Most of the tangible and intangible assets are affected by miscellaneous problems in respect to the global market.
Solutions provided by Edenchain
With the introduction of the Edenchain platform, many users can build a marketplace and fix their belongings in the form of cryptocurrency and they won't need any intermediary or a third party to do so.
The platform also offers a very secure and tight security with the use of its unique consensus algorithm and this will make sure that their data is very safe and secure on chain and offchain.
There is also the integration of Namespace along with Merkel tree to ensure a very great scalability as well as increased performance by the creation of a system that executes parallel processing, i.e processes a lot of transactions at a time.
What are the general features of Edenchain
The features that makes Edenchain every unique includes
- A spread ledger layer - as the platform database is decentralised, it has a layer where all the data utilised on the blockchain is stored and very secure.
This is where the transaction data is agreed upon and processed to the validation layer. - Validation Layer - here is where all the transactions are being verified and executed with the use of the smart contracts and it includes the Ethereum Vital Machine.
- Bridge layer - here the platform will have connection with the external data resources with the use of a secure line that will allow the on chain smart contract to interact with the off chain resources.
Token And ICO Details
The platform is run with the cryptocurrency called EDN tokens and its an ERC20 token that runs in the ethereum blockchain. An ICO had already taken place in May 2018 and the EDN Token was sold for $0.006 USD and it had a hard cap of $24,000,000. But fear not, its not too late to get your hands on this wonderful tokens.
In conclusion,
This, this is a very great project and what they offer is very concrete and it will hopefully change the blockchain world with all the solution it has offered.
To get more information on this great project and to be a part of it. It's simple, just visit one of the following links.;
Website: https://edenchain.io
Whitepaper: https://edenchain.io/edenchain-whitepaper_v1-2/
Facebook: https://www.facebook.com/edenchainio
Twitter: https://twitter.com/edenchainio
Telegram: https://t.me/edenchainio
Author - hamzeto
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