EdenChain

Edenchain is a next generation blockchain platform serving as a programmable economic platform where users and enterprises can capitalize and tokenize both tangible and intangible assets. It aims to solve two pain points faced by current incumbents, scalability and security. It is a permissioned blockchain which ensures smart contracts are run quickly and efficiently in trusted environment.

Edenchain have three layers namely, Bridge, Validation and Distributed Ledger layers. Bridge layer serves as a link between on-chain and off-chain allowing zero knowledge trusted connectivity. It ensures data are trusted and securely transferred.Validation layer consist of Ethereum Virtual Machine (EVM) which handles and validates transactions. Only data verified by the validator will be allowed to store in the Distributed Ledger.Distributed Ledger layer consist of executed transactions and serves as a log for past records.

Technology

EdenChain’s blockchain architecture is comprised of 3 layers: a distributed ledger layer, a validation layer, and a bridge layer.

Distributed Ledger Layer: Based on Linux Foundation’s open source project, Hyperledger Sawtooth, this distributive ledger layer provides the decentralized database functionality to EdenChain. The layer in which data used in the blockchain is distributed and stored, and only data of transactions agreed to in the validation layer are processed. Distributed ledger data can be added through transactions.

PoET (Proof of Elapsed Time) is a consensus algorithm that uses a CPU command in the Software Guard Extension (SGX) to select a leader randomly without utilizing large amounts of energy to solve a hash problem. SGX allows applications to run trusted code in a protected environment.

Validation Layer: The layer where a transaction is executed and verified, and includes an Ethereum Virtual Machine (EVM) to run a smart contract. Transactions are executed and verified in this layer, which includes the EVM. With a Transaction Execution Scheduler, it forwards transactions to corresponding nodes based on namespaces. The router can be automated, allowing resource management across transactions and nodes.

One can also operate the blockchain with optimal resources and computing power through real-time monitoring of the workload allocated to the Trusted Execution Environment.
By grouping related transactions into batches, the validation layer ensures efficient execution as well as eliminates any data dependency issues.
the validation layer’s transaction scheduling function has a significant impact on the performance and scalability of EdenChain.

Bridge Layer: This layer consists of an e-bridge that connects EdenChain with external data sources through secured interoperability, enabling the on-chain smart contract connects with the off-chain modules. This layer is used to securely import data needed by an on-chain smart contract within the blockchain in cooperation with an off-chain.

In the bridge layer, nodes naturally exist on-chain and off-chain, and an E-Protocol using ECC-TC, which is an encryption technique, is used for reliable communication between these nodes.

EdenChain ICO Review

EdenChain is creating a third generation smart-contract blockchain which they will utilize to implement a Programmable Economy. With the EdenChain platform, users can capitalize tangible / intangible values, and trade them over the blockchain. EdenChain also aims to provide a pervasive blockchain and token platform for applications across the board, including IoT, Energy, AdTech, P2P finance, Healthcare etc.

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Problem

In regards to technology:

With the growth of innovation in regards to a programmable economy, the two factors that currently hold these platforms back are security and performance.
The original platforms created were extremely secure, but process transactions at an extremely low rate, making the possibilities of mainstream adoption impossible.
Current existing platforms offer solutions which improves performance but at the trade-off of security.

In regards to the global market:

Tangible Assets: These tangible assets such as real estate, furniture, valuable arts, automobile, etc. are sold in a market managed by intermediaries. Both parties involved in the transaction require these services due to; lack of experience in these transactions, the process in which to finalize the sale, the necessity for oversight, and many more. These fees could range anywhere up to 20% or possibly more.
Intangible Assets: The lack of platforms that provide a means to broker deals for intangible assets (time, social influence, services, networking, fame, etc.) causes the few current existing platforms to monopolize and charge extremely high fees to connect these deals.

Solution

EdenChain attempts to create the best possible solution to solve these global and technical issues that are present with modern day global market economy. Their approach to solve efficiency issues without sacrificing the user’s security could turn their platform into one of the most appealing up and coming projects out there.

The EdenChain platforms allow any user to create a marketplace, attach their assets and trade via cryptocurrency, all without the necessity of a third-party.
The platform offers a high level of security in regards to interoperability by implementing a consensus algorithm to ensure data integrity between on-chain and off-chain.
EdenChain combines Namespace with Merkle Tree, isolates transactions by Namespace, and secures performance and scalability by constructing an Execution System capable of parallel processing by Namespace without processing one transaction at a time.

Token Metrics

Ticker: EDN
Token type: EDN will be ERC-20 post crowdsale, and swapped into EdenChain’s wallet format when the mainnet launches in Q1 of 2019.
ICO Token Price: 1 EDN = 0.0600 USD
Hard Cap: $24,000,000 USD
Total Tokens: 1,000,000,000

Roadmap

The Private Sale Series Round A has concluded.
The Private Sale Series Round B will begin in May.
The whitelisting has closed for the crowdsale.
The crowdsale will begin in May.
The MVP / First Alpha is scheduled to be released before the ICO (April).

Team + Advisors

CEO James Ahn

Amassed over 20 years of experience in the field of IT
Worked as CTO of CyberRenassance Inc.
He served as a consultant to the NIA Platform, a technical advisor to the National Computing & Information Service, and an advisor to Cloud for the Korean Agency for Technology and Standards.
Developed a big data platform for the National Assembly Library
While working with the government, James managed to improve efficiency in performance, energy consumption, analytical processing, and handling of large volumes of data.

Jenny Ryo — Co-Founder

Over 10 years of experience in the field of IT
Wrote an award-winning bachelor’s and master’s theses at Korea University and Dongguk University
Developed big data analysis service for the activation of knowledge service of national academic information integration data based on the clouds of National Information Society Agency / National Assembly Library
Worked at various sectors of government research projects such as:
Korea National IT Industry Promotion Agency (NIPA)
Development of Real-Time Big Data Analytics Platform (2014) Software Development Support Project, NIPA).
Korea Institute of Energy Technology Evaluation and Planning (KETEP)
Development of Server Power Saving System based on software technology.

The advisor section also looks pretty huge because they have listed ten(!) people including the “one of the most successful internet businessman in Korea,” Changki Park, who founded the most significant financial information portal in Korea, Paxnet and he worked at Samsung for 14 years. I’m no Korea expert so I asked a Korean friend, and he lowered my expectations a bit by saying that Park isn’t the chosen one as pointed out at the Edenchains website.

More information on the project ( EDN ) please visit their website listed below:

 WEBSITE: https://edenchain.io/

 WHITEPAPER: https://drive.google.com/file/d/1qUUUm8mNuL-7f5yYsNza1gqcZE6PoDhN/view

 ANN THREAD: https://bitcointalk.org/index.php?topic=3101588.0

 TELEGRAM: https://t.me/edenchainio

 FACEBOOK: https://www.facebook.com/edenchainio/

 TWITTER: https://twitter.com/edenchainio

Author: Dulaj Dilshan

Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2053287

Telegram username: @sachindu15

Thank You!