EDENCHAIN BRING PROGRAMMABLE ECONOMY SYSTEM TO THE WORLD

package42 (41)in #edenchain • 6 years ago (edited)

            INTRODUCTION

Everything is changing from traditional to a more advance and better way through technology. The way we see money is different from the early 90's which blockchain everything is now different. As payment is faster, transparent and accessible from every part of the world. Change is the most constant thing in human race because when internet came some people are afraid of it thinking it might be the sign of end time. Now internet have been the bedrock of many big companies in the world with huge capitalization and revenue. This companies make money through the Internet i.e. Google, Alibaba etc most of this companies started when nobody believe in the internet, but today we have Internet television, internet radio, new media, online film house and many more. And Internet gave room for a whole lot of other entrepreneurs to spring out ranging from graphic designers, web designer, template designers , bloggers and many more. Blockchain technology bring another new set of opportunity so that people can be able to solve problems. And a lot of real-life problems have been solve with blockchain but not much have been nothing have been done in the area of the economy. This why EdenChain develop the programmable economy platform to cater for the world economy. This platform will make use of blockchain technology to capitalize on tangible and intangible values. With this people from every part of the world will be able to trade on the internet without relying on a middleman. With the programmable economy platform users will be able to connect with each other and carry trade without the need for a middle man and this will reduce cost for users.

          EDENCHAIN ECO-SYSTEM

BRIDGE LAYER

Here Edenchain connects with e-bridge with external data sources making use of secured interoperability, which will enable the on-chain smart contract to interact with the existing off-chain modules.

The nodes exist on both the on-chain and the off-chain, an E-Protocol uses an encryption process called the Elliptic Curve Cryptography (ECC) – Threshold Cryptography (TC) for trusted connectivity.

VALIDATION LAYER
Here all the transactions are executed and verified in this layer, which includes the Ethereum Virtual Machine (EVM). Using a Transaction Execution Scheduler, it will forwards transactions to all corresponding nodes based on namespaces. The router can then 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 (TEE). By making related transactions into batches, the validation layer will ensures efficient execution and it will eliminates any data dependency issues.

               ADVANTAGES

Decentralized market: through this market people from every part of the world can connect and sell goods and services. This will be a huge opportunity to lot of people because there want be any entry barrier as one can trade on the platform from any part of the world.
Cost reduction: since this platform is build on blockchain technology and this eliminate the need for a middle man for every transaction this will reduce cost for buyers and sellers.
Erase monopoly: EdenChain is a platform working towards the elimination of monopolies and redistributing wealth to the people through incentives.
Confidentiality: the activities on the smart contracts executed on Eden run on the EVM and the SGX enclave and all this data can not be controlled, censored or accessed.
Accessibility: everybody from any part of the world can easily access this platform either through their smart phones or computer.