Hello guys, today I'll be introducing you to a platform that is geared towards revolutionizing and repositioning blockchain technology.
What is EDENCHAIN?
Edenchain is a blockchain that allows people to join its network and run smart contract faster and efficiently in a trusted environment. It is a blockchain platform prepared for global enterprises and enterprise users. EDENCHAIN will be implementing a decentralized setup to oversee the permissioned blockchain and assures no censorship on the information or data.
FEATURES OF EDENCHAIN
Edenchain is built on 3 distinctive layers and I'll be talking extensively on each layer and its benefit to Edenchain.
DISTRIBUTED LEDGER LAYER
For everyone conversant with computer networking, internet of things, big data technology then we should know that the database is the heartbeat of all information. This is the essence of Edenchain's distributed ledger layer. Its functionality is to provide and secure a decentralized database and the Linux foundation's open source is used for this. Edenchain's distributed ledger layer has the ability to store up data generated on the blocks of Edenchain and this data once stored cannot be altered
The distributed ledger layer provides decentralized database functionality to Eden and is used and it works on the assumption that all data is from a legitimate transaction.
The distributed ledger layerVALIDATION LAYER
Of course we are aware that transactions are incomplete unless correctly verified and validated, this is the essence of Edenchain's validation layer. This layer helped in initiating, executing and verifying transactions. It effortlessly sends transactions to corresponding nodes on naamespace on a Transaction Execution Scheduler (TES). This is usually automated and allows monitoring and management of transactions across all nodes.
Edenchain's validation layer is all encompassing as it involves transactions on ethereum virtual machine and this puts it at an advantage over blockchain 1.0 and Blockchain 2.0. With Edenchain's virtual layer monitoringand operation of blockchain transaction is done with very optimal resources and computing power because of its trusted network.
BRIDGE LAYER
Before delving into this subject and what it entails it will interest us to know that not all blockchain transactions are done on the block connecting all the nodes (computers), some of it are carried out on single computers and not recorded as a whole. This is exactly the difference between on chain and off chain and why Edenchain's bridge layer is necessary for the betterment of blockchain technology and cryptocurrency transactions.
Edenchain's bridge layer has an electronic bridge that connects on-chain and off-chain communication. It allows on-chain smart contract to interact with the off-chain modules through the use of external data sources with secured interoperability. The off-chain and on-chain modules are usually on different network hence the bridge layer secures a networkthat connects both to work seamlessly. This attribute of Edenchain puts it ahead of the usual ethereum smart contract which is likely to fail if there is a large number of contracts at a time and bitcoin transaction that has no smart contract to execute commands.
The reason why you need EDENCHAIN
B2B Commerce;
EDENCHAIN platform provides coin and blockchain technology that is needed for B2B cleandeal service. It means there is a ready market (hyungji Corp KHMA) for edenchain that will facilitate a large trading volume everyday because of its usage on cleandeal which is the major housing company in Korea.
ICO PLATFORM
Edenchain will provide ICO coin release, marketing and investing, a total service on the basis of a platform. It promotes secured smart contract on its platform which means that people with a business or good idea are welcomed to host their project on edenchain.
PEER TO PEER FINANCING.
Edenchain is working hand in hand with a Korean based company called MYCREDITCHAIN to support financing on its platform through cryptocurrency based loans by strategic investors to smaller investors who intend to start up small businesses.
STRENGTH
Edenchain secure interoperational technology which provides an environment in which smart contracts can securely interwork with external systems. Unlike other blockchain technology which is not safe for cyber criminal threats such as hijacking, corruption of data and data/information forgery.
SPEED/HIGH PERFORMANCE
Edenchain can perform piles of transactions in split seconds. Namespace technology allows high-performance processing because it separates unrelated transactions into separate spaces and executes transactions in parallel. As transactions increases, the processing is organized by namespace to maintain optimal performance at all times.
AFFORDABLE FEE
Edenchain processing fee are cheap because it charges according to the number of executions none the less of the processing by function. It was also created flexibly to keep the processing fee at a reasonable level. Unlike other existing smart contracts, processing cost are billed for each function based on the prices of cryprocurrencies, and thus the processing cost are high
ROAD MAP
Going through the edenchain roapmap what will interest you the most is that it is strategic.
- the first intriguing strategy is that EDENCHAIN has a list of activities focused on the improvement/development of the coin in terms of code testing and programming.
- the second intriguing strategy is that EDENCHAIN has a list of activities to aid the propagation of marketing as well as good public image.
CONCLUSION
Edenchain is going to be the best selling platform in terms of financial scheme set up for users and there is the assurance of safety for users data or information such as password, keyword and identity.
TOKEN INFORMATION
Name: Edenchain
Total supply: 1,000,000,000 EDN
Type: ERC-20
Ticker: EDN
Price: 1EDN = $0.06
Fund Raising Target: $24,000,000
TOKEN ALLOCATION
For more information visit
Website: https://edenchain.io/
• WhitePaper: https://edenchain.io/wp-content/uploads/2018/05/EdenChain-Whitepaper_v1.2.pdf
The following provides the link to their social media sites:
• Facebook：https://www.facebook.com/edenchainio
• Twitter：https://twitter.com/edenchainio
• Telegram group: https://t.me/edenchainio
Authours bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2050345
Author’s Telegram: https://t.me/mzyudee
Project with a difference is what I call Edenchain. This goes to show just how much work the team has done. I am motivated to buy this token. Please how can I partake in this Ico? Thanks for the insight.
What is interesting about this project? What differentiates it from other blockchain? I've seen a lot on this Blockchains but I need to know why this superceeds the other
The Edenchain Platform is bringing a new revolutionary blockchain system which is designed to solve the various shortcomings of already existing blockchain systems.
Pretty much interesting read, looking to find more resources on the workings of Edenchain's bridge layer.. thanks for sharing this piece
Beautifully analysed, i took part in the ico though but u just made me understand this project the more thanks for sharing ma.
I am well informed on this and I think this will make a great leap in future but I do need to know the plans in place to make it feasible