Blockchain technology has broken records with the pace of adoption it has had in the mass market. Much of the growth can be allotted to the media headlines cryptocurrencies made, on a regular basis, throughout 2017. A vast portion of the world’s early adopters are now part of this community. Now, despite the great pace of advancements in the blockchain sphere, the present level of blockchains available are unable to sustain the demand requirements. Consequently, a new generation of blockchains, self-asserting as the third generation blockchains, are trying to target the pains felt by blockchain developers and the community.
Bitcoin began the dawn of this technology but it was Ethereum that made the utility possible on a mass-level by allowing blockchain technology to have cross-product integration. Due to Ethereum’s advancements, it is classified as the legacy second generation blockchain. But success can be double-edged as Ethereum has proven to be so successful that its network remains in heavy demand. The challenge now is that a vast portion of developers who hope to utilize the Ethereum network must share it with many, many other projects. The result is an over-loaded network unable to fulfill the demands of the developers and the community. While blockchain technology is extremely beneficial, it faces a scalability problem; third generation blockchains are surfacing to target this, and this is what has led to the development of EdenChain.
A Scalability Solution
2017 brought in mass attention to the blockchain technology and now 2018 is focused on fulfilling the massive, sudden growth in demand. Through the usage of parallel execution of transaction, EdenChain is designed to be a high performance blockchain tailored for the era of scalability needs; this makes it the true enterprise solution. EdenChain’s team asserts that they have pinned down the ability to achieve a high scalability by being able to process high transactions per second. The key concept of blockchain technology is that it is able to add a scale of value to interactions and that necessitates some degree of transaction fulfillment. It’s ironic that despite the key necessity blockchains serve, they struggle to fulfill scalability needs. As a result, the third generation blockchains stand to be the future of this technology; understandable, advancement is necessary for an industry to survive and those products that are able to capture the particular advancements the market needs are able to overthrow even the most well-rooted industry leaders.
An Enterprise Solution
Businesses and technology have become increasingly twined since the advent of the first computer. Most enterprises are open to adopting cutting edge technologies and the current spotlight is on blockchain.
Despite the popularity blockchain products have faced, mass-utility remains a challenge. For mass public usage, blockchains needs to be able to support enterprise-level needs. EdenChain’s team has set out a clear mission in mind for fulfilling enterprise-level solutions.
- EdenChain will serve as a permissioned blockchain; this clearly defines the team’s goal to serve this development as an enterprise solution.
- This blockchain is designed for low fees, thereby making it feasible for it to compete with existing payment networks.
- EdenChain is utilizing a tested payment processing mechanism (FIFO) and its team asserts that it will be able to process all transactions.
- We live in an age of convenience, yet most blockchains serve as a raw technological offering; EdenChain supports a large menu of languages—it even supports solidity. This makes it feasible for large scale adoption by not just large corporations but even SMEs.
Wrap-Up: EdenChain is a third generation blockchain aimed at offering an enterprise solution. It utilizes various innovative features to bring about scalability though the fulfillment of extremely high transactions per second. In order to reach broad-scale adoption, it utilizes tested payment processing mechanisms and support a large menu of languages.
EdenChain stands poised to be the blockchain that brings smart contracts to everyday usage by every business.
EdenChain’s Essential ICO Links
🌐 Website: http://edenchain.io/
💡 Whitepaper: https://edenchain.io/wp-content/uploads/2018/04/EdenChain-Technical-Paper-v3-en.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=3144036.0
💻 Telegram: https://t.me/edenchainio
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Greetings friend, I love your post is great good work, Luck ..
Thanks
I try my best!
Дякую вам👌
Thank you :)
Enterprise focused blockchains need to be permissioned. Great idea to keep bad players from even getting a chance to participate.
Exactly, they planned it out quite well.
The blockchain sphere genuinely needs an enterprise solution.
Hello hatu i see you introduce another blockchain wallet
Hey Ommy,
Actually, EdenChain is an entire new blockchain. They are developing their own platform as a competitor to Ethereum. However, Eden has taken an approach towards enterprises--this should pay off well in the long run as specializing a product towards a narrower market makes it stand out to the audience.