INTRODUCTION
The fast rise of Defi has substantially impacted transaction around the globe. Individuals and legal entities are benefiting more from this innovative financial system.
With the blockchain infrastructure contributing immensely in bringing about a scalable, transparent and effective payment system, decentralized finance seems to be the solution for the complexities experienced in traditional financial methods.
Meanwhile, the Etherum blockchain which overtime has contributed to the growth of decentralized finance is currently experiencing a number of issues and laxities within its framework, there are lags and freezes,pending transactions, blocks without rewards as well as high transaction fees, obviously, every efforts made towards addressing this issues has proven abortive until now.
INTRODUCING EUCLIDEUM
Euclideum is a version of the etherum blockchain infrastructure which is characterized by a proof of stake consensus and delegated staking with its own decentralized protocol known as ptolemy and a decentralized exchange by the name ArchimDEX.
The expected processing capacity of this blockchain is circa 100 tps with an average block time of 10 seconds,by implication, transactions will only take 2-3 times less to be processed unlike on the etherum blockchain.
UNIQUE FEATURES OF THE EUCLIDEUM BLOCKCHAIN
SWIFT AND LOW COST TRANSACTION(POS)
With the etherum blockchain experiencing lags and congestion s,with a lot of pending transactions and an appreciation of transaction fees which jumped to $1.5 in June 2020,the only solution to this is the proof of stake but unfortunately,the etherum blockchain cannot possibly make a quick switch from the Pow consensus algorithm to the Pos in such a little time from.
However, the EUCLIDEUM network was launched as a proof of stake (Pos) in order to substantiate its effectiveness. As earlier said, the expected capacity at launch is 100tps which is far better than what is obtainable on the etherum blockchain network.
STAKING
This is another area where the EUCLIDEUM network is striving. It is designed to address the issues of delay in upgrading to Pos staking and etherum 2.0, lift the barrier on high entry activity on the network,bring about withdrawal of stakes as well as increase the possibility of delegation staking. Users who choose not to run nodes are given an opportunity to delegate their stakes and earn passive reward.
More so, unlike on the etherum blockchain, validators who decide to discontinue with staking can withdraw their stakes from the network seamlessly after a number of weeks.
LIQUIDITY PROTOCOL AND DEX
USEFUL LINKS
Website: https://euclideum.com
Telegram: https://t.me/euclideum_bounty
Twitter: https://twitter.com/euclideum
Facebook: https://www.facebook.com/euclideum.network
ANN: https://bitcointalk.org/index.php?topic=5266231
Whitepaper: https://euclideum.com/whitepaper.pdf
AUTHOR’S DETAILS
Bitcointalk Username- Vunchan
Bitcointalk Profile link- https://bitcointalk.org/index.php?action=profile;u=2774784;sa=summary