EdenChain – A Korean Blockchain Programmable Economy Breakthrough

prioritet (36)in #edenchain • 7 years ago (edited)

Both mobile device and the Internet play a huge role in our world nowadays. With the improvement of smartphones, the blockchain technologies became an integral part of our world as well. And there are no doubts those technologies will have a big impact on that world in the nearest future.

One of the possibilities to trade material and non-material values over the Internet without any third parties or middlemen is a programmable economy. All that lowers the costs of each transaction and makes both buyers and sellers interact directly with each other. It’s also possible to tokenize all of the assets and automate the whole trading process within the system.

The Etherum or Bitcoin possibilities are unlimited. The developers have an access to various features of these digital currencies in case they do not wish to develop a totally new blockchain. They still have their limits though. For that reason, some other digital competitors arise and are pretty successful. One of such new stars in the blockchain world is EdenChain.

The platform is intended to solve as many issues as possible through their own platform based on blockchain having such features, as top security, low transaction fees, and high performance. That is a so-called Programmable Economy, meaning that the platform can be used in various fields. All the users of the platform are able to capitalize their material and non-material values, as well as trade those values across the blockchain. Anyone from companies to individuals can easily use the platform for carrying out and tokenizing blockchain technology.

A powerful smart contract of EdenChain is not based on the Etherum and Bitcoin blockchain. So, what are the key features of Edenchain?

Top security. Traditional Etherum and Bitcoin blockchain technologies are not as safe, while they hardly resist hacker attacks. The E-Bridge layer of EdenChain guarantees top security and defense against attacks of hackers when getting data from various sources.
Top performance. A scalable and steady programmable economy is possible thanks to Merkle Tree combined with Namespace. Large transaction numbers can be easily processed at a time.
Low transaction fees. The transaction costs will be always kept at a reasonable level while being charged depending on the executions number.

Solidity is the most wide-spread smart contract language and it is supported by EdenChain. The platform has already managed to create a strong partnership with the world’s leading tech companies. One of the platform’s advantages is that they do not promise any numbers, thus, they stated they will need to perform some more tests to find out how many transactions it will be possible to perform at a time. Anyone can make sure that each of the numbers is proved by tests on the platform and isn’t just a shot in the dark. Another perk of joining the platform is that users can create decentralized apps on it. The Edenchain team seems to be pretty good and it looks like they are really able to reach their best results, while the project is very ambitious and has a top potential. It could become one of the leading projects of the year. However, the project is intended to cover lots of areas, so it’s necessary to be really good in each of them. Let’s hope they will manage to do this. It’s is still not clear whether the crowdsale will take place at all, the team is still exploring their funding options.

RoadMap:

The platform token is called EDN, and it is planned to earn 24 million USD. Its price is 1EDN=0.06 USD. The price is pretty affordable and reasonable. The total token supply is 1.000.000.000 EDN. The ICO date isn’t announced yet.