Prasaga The Potential Of Blockchain Technology

imlarry (33)in #prasaga • 4 years ago (edited)

Currently, blockchain technology is rapidly developing, helping business models and projects take advantage of decentralization and data security to build and thrive on a distributed ecosystem. However, with some blockchain platforms such as Ethereum, too many projects are built on top of it, resulting in limitations in the processing speed of transactions and user accessibility.

These shortcomings in data processing speed require a new technology solution that integrates the features of the blockchain while optimizing features that increase processing speed and protect data for projects and models. business when wanting to develop on a blockchain platform. Prasaga was born with the mission of solving problems of data exchange and speeding up blockchain technology.

What is Prasaga?

Prasaga is a new root chain coin development and project. It's the next step forward for blockchain with features that can break existing barriers and the data warehouses the business model creates and open up global access. The project seeks a future where data will help improve people's quality of life, democratic, secure and private.

Project objectives:

Open decentralized access
Optimal scaling to release the transaction speed needed for now and in the future
Personalization controls to ensure personal democratic freedoms and data privacy

The DGB is designed for the general purposes of blockchain that encompass cryptocurrencies and business relationship models from simple to complex and globally scalable. However, the DGB is not a smart contract executed on top of any other existing blockchain technology.

Technology

Parllel transaction processing

The DataGrid Blockchain (DGB) consensus protocol combines two protocols, Proof-of-Work (PoW) and Proof-of-Stake (PoS), allowing custom and distributed blockchains to run in parallel and from there. can process all transactions in parallel while maintaining Bitcoin level security.
DGB is envisioned as a general purpose blockchain, a "horizontal" infrastructure technology, we believe its first use cases are Internet-of-Things applications and "Fintech" applications. ". In both cases, the ability to create and track complex business relationships and business logic in an open, but secure way are fundamental requirements.

Prasaga's most special product is XBOM

(XBOM) uses the "first class" object model to instantiate classes on the DGB, loading the code for the classes. XBOM designed a bottom-up system to promote code inheritance and allow for exponential improvement.

Since XBOM explicitly uses code already loaded on the DGB, the chances for individual code errors are significantly reduced and the carrying of the XBOM object is clearly stored in each user's account state.

The XBOM architecture will provide many additional functions that are not supported by existing Smart Contracts. In the XBOM structure, each account is essentially its own virtual world, where all assets and data are under its own control. This allows for an open, permissionless blockchain ecosystem and private chain. XBOM allows accounts to hold assets or digitally in accounts on the blockchain.

XBOM- open block chain object model

The Extended Block Chain Object Model (XBOM) uses the "first class" object model to instantiate classes on the DGB, loading the code for the classes. XBOM designed a bottom-up system to promote code inheritance and allow for exponential improvement. Since XBOM explicitly uses code already loaded on the DGB, the chances for individual code errors are significantly reduced and the carrying of the XBOM object is clearly stored in each user's account state.
The XBOM architecture will provide many additional functions that are not supported by existing Smart Contracts. In the XBOM structure, each account is essentially its own virtual world, where all assets and data are under its own control. This allows for an open, permissionless blockchain ecosystem and private chain.
XBOM allows accounts to hold assets or digitally in accounts on the blockchain.

Currently XBOM - Class Manager Infrastructure (CMI) on HyperLedger is being deployed in the Testnet stage.

Equipment Manufacturers - Equipment manufacturers will have the opportunity to integrate with Prasaga as part of the manufacturing process. That way, Smart IoT devices can be supported by Prasaga, making it simple for device owners to start leveraging their data.
Systems Integrators will drive the initial Prasaga adoption because they have access to device manufacturers, device owners, and companies using IoT Smart devices.
AI and Machine Learning (ML) Companies - AI and ML companies require large amounts of data to train their algorithms. These algorithms are only smart when the data they are provided for, so reliable real-time data available on the DGB will help drive greater innovation.
Companies - Any company with a Smart IoT device can leverage Prasaga for anonymity and real-time data exchange without traditional IoT-related security risks.
Data Brokers - As more IoT Smart devices are connected, data brokers will be able to purchase data streams from devices owned by companies and people, repackaging , then sell them to consumer data.

Token Metrics

Specifically when an entire successive development framework is related with Prasaga, the various stages can regulate each other. If one stage identifies a problem in made by an additional, it can begin a verdict and also prompt the operators. A Smart Manufacturing facility producing coolers can additionally acknowledge issues from ice chests sitting in clients residences as well as make changes on the line promptly.

We desire to live in a future where information is used to generate a far better high quality of life- where information is equalized and also where information is available on open platforms that insure both security as well as privacy. Systems that damage down the existing obstacles and also information silos that self-interested company models have produced and open up universal access on a Data-Grid, where real-time information can be traded and leveraged a lot like power grids for electricity today.

The Data-Grid Blockchain and also message labourer ultimately offers brand-new opportunities to individuals as well as organizations to team up around data. Metropolitan individuals team can use information made by organizations and also residents to make far better decisions as well as get information from their existing marine force of IoT astute tools.

DataGrid Token (DGT) Overview

DGT is a mined Native Token that functions similar to Ethereum.

Total token supply: 53,278,888,889 DGT
Softcap: 6.000.000 USD
Hardcap: 25.000.000 USD

Function:

Create incentive rewards for miners' block production
DGT's money management policy is the approach to coin supply management to improve the stability of DGT.

DGT is not a token built on smart contracts like ERC 20 or similar.

Prasaga aims to develop the next blockchain architecture which will increase the potential of blockchain technology. better ecosystem for developers in Prasaga the rewards of contributors. So with Prasaga, we can present blockchain technology that can deliver a better future.

The official project social media website: