Introduction
In the blockchain industry, there is usually an introduction of a new blockchain technology built to offer an additional feature or to improve certain processes existing in other technologies that do not meet up to the expected requirements. This is why blockchain experts and crypto enthusiasts often discover innovative ways to create new blockchain networks. These networks can provide the needed extra and more effective network features that meet the current demand in the industry. Some issues addressed by building a new blockchain network can include low transaction processing speed, security issues, non-integration of traditional banks, and much more. Euclideum is one of the most recent blockchain network developed to offer advanced features to clients in the industry.
The Euclideum Network
This blockchain network is similar to the network of a popular cryptocurrency, Ethereum. However, as a new and innovative network, it offers additional features that may not be obtainable in the latter. This is related to the Ethereum network and offers all the features and more of Ethereum. It is capable of writing and deploying smart contracts that are useful for making unaltered negotiations in business corporations and organizations. On the other hand, the algorithm systems of the networks differ, while the Ethereum network is built on the Proof of Work (PoW) algorithm system, the Euclideum network is supported on the Proof of Stake algorithm system (PoS).
This cryptographic algorithm adopted by this network enables it to process a higher number of transactions per second (Tps) as compared to Ethereum, which is slower and this affects the transactions that need completion within the shortest possible period. Euclideum can process a minimum of 100 Tps. With the occurrence of slow transactions, usually caused by huge projects like Tether, experienced by numerous blockchain networks, most of these networks are beginning to integrate their process into the network to avoid the lagging and piling up of their transactions. Since the Euclideum platform supports solidity, the redeployment of any existing smart contracts built on another network is possible and it is cost-effective to achieve that.
Euclideum DApp Ecosystem
This blockchain network also focuses on creating an ecosystem that supports the development of decentralized applications (DApps). The network offers beneficial provisions and extra incentives to developers, which fosters the growth of an ecosystem that supports DApps. Some incentives include:
Grants for the best DApps
Developers who have novel ideas on building DApps can access grants from the Euclideum network. A developer needs to submit a draft of the DApp that has the potential to offer real value to the ecosystem to access the grant. The developer can receive about 300 ECL when the founding team and community members accept and approve the idea. The Euclideum development fund is responsible for providing these grants; however, users are free to make donations to support the ideas.
Free Smart Contract Audit
Euclideum also supports the growth of a DApp ecosystem by providing the auditing of smart contracts at no cost to the developer. The Euclideum development fund is also responsible for offering this subsidized contract audit.
USEFUL LINKS
Website: https://euclideum.com
Telegram: https://t.me/euclideum_bounty
Twitter: https://twitter.com/euclideum
Facebook: https://facebook.com/euclideum
ANN: https://bitcointalk.org/index.php?topic=5266231
Whitepaper: https://euclideum.com/whitepaper.pdf
AUTHOR'S DETAILS
Bitcointalk Username: Esty2281
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2737693