Executive Summary

Building the Evolved Blockchain with Smart Contracts 3.0

We’ve designed the next evolution of blockchain architecture. A blockchain that actually achieves the promise that all blockchains have aspired to. One that provides the highest level of resistance against attacks. One that rewards its ecosystem of contributors. And, one that, perhaps most importantly, scales in throughput as more resources are added to the network, providing the maximum possible increases in speed.

We want to live in a future where data is used to produce a better quality of life — where data is democratized and where data is available on open platforms that insure both security and privacy. Platforms that break down the current barriers and data silos that self-interested business models have created and open up universal access on a DataGrid™, where real-time data can be exchanged and leveraged much like power grids for electricity today.

To this end, we’ve created a working prototype of this open standard driven message server that functions much like WhatsApp to provide secure end to end onboarding and access that will support vibrant data marketplaces.

To fuel its success, the DataGrid™ Blockchain (DGB) needs to harness the blockchain’s promise of:

• Open decentralized access.

• Optimal scaling to unleash the transaction speed necessary now and
in the future.

• Individualized control to ensure our individual autonomy and data
privacy.

Knowing that blockchain solutions are still early in their maturity, we explored all the major projects currently being promoted and discovered not one satisfies the DataGrid’s need for security and scalability while remaining decentralized.

The DataGrid Blockchain catalyzed by our eXtensible Blockchain Object Model
(XBOM) builds a ledger that puts the coding, execution and settlement of all asset transactions directly onto the blockchain — delivering an evolved approach to Smart Contracts that provides increased speed of development, higher quality, and a future proofed development infrastructure.

Our teams background had us primarily focused on Industrial Internet of Things (IIoT) and SmartCity applications. What we discovered is that all the potential use cases for the blockchain in other sectors like Fintech, Supply Chain / Logistics, and Government would benefit from our evolutionary DataGrid Blockchain (DGB) and has expanded our vision for a future of democratized data innovation.

Blockchain’s Big, Bold Future

Cryptocurrency is Here to Stay...and It’s Only Going to Get Bigger

Worldwide spending on blockchain solutions is expected to grow from $1.5 billion in 2018 to an estimated $176 billion by 2025 and then onto $3.1 trillion by 2030. Companies in nearly every industry are rushing to take advantage of the perceived benefits of the blockchain phenomenon and many are seeking to adopt their own private versions of
blockchain and cryptocurrency. The financial sector accounts for over 60 percent of the market value of blockchain 2018, but the technology has spread to nearly every industry from transportation and energy to healthcare and agriculture.

By 2025, the business value added by blockchain will grow to slightly more than $176 billion, then surge to exceed $3.1 trillion by 2030, according to a recent forecast by Gartner. “Product managers should prepare for rapid evolution, early obsolescence, a shifting competitive landscape, future consolidation of offerings and the potential failure of early stage technologies/functionality in the blockchain platform market.”

Everything is Possible on the DataGrid

We started our blockchain journey to solve the problems of data exchange between machines…and we learned something game changing along the way — how to take trade between humans to new heights of speed, ease, and security.

We can build a future that is powered by the DataGrid Blockchain. A future where the blockchain network lets us re-imagine our global economy and improve everyone’s quality of life, not just today, but many years into the future.

Over the last three years, we have taken counsel with industry-leading developers and some of the world’s largest solution providers, and we’ve been inspired by the profound ways the DataGrid will accelerate blockchain technology.

Imagine allowing blockchain to reach its full potential, improving identification and voting, financial services and solving hard challenges in supply chain and logistics, in automotive and aeronautics to pharmaceuticals and organic produce. All is possible on the DataGrid.

https://www.prasaga.com/wp-content/uploads/2021/01/DataGrid-Blockchain-Technical-WP.pdf

https://www.prasaga.com/wp-content/uploads/2021/01/Prasaga-Commercial-WP.pdf

https://www.prasaga.com/answers


Problems Of Blockchain

However, is blockchain application effective in these areas when blockchain exists disadvantages such as unable to apply intensive computations due to limitations of current unscalable blockchain environment? That is because all the computations in current blockchain is repeating across all nodes and it does not have an external realistic platform that can support intensive computations.  Another factor need to be considered is the interoperability of the blockchain out there. 

In particular, some blockchain projects also think about using external platform for computation purposes, nevertheless, they cannot provide flexible solution that can help their off-chain computations compatible with other blockchain platforms, leading developers are only able to create their dApps on a specific blockchain. Therefore, this makes the adoption target of blockchain even more difficult to achieve. The last issues is consensus.

Prasaga Solution

Understanding the current problems of blockchain, after doing a lot of research, Prasaga has released an innovative technology and solution that can help solve these problems. To be more specific, Prasaga uses a consensus protocol that combines two protocols, Proof-of-Work (PoW) and Proof-of-Stake (PoS), allowing custom and distributed blockchains to run in parallel and from that can handle all transactions in parallel. This infrastructure is called DataGrid Blockchain (DGB), 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. The reason why Prasaga decided to use DGB for their solution is because it is one of the most popular operating systems used around the world thanks to its open source advantage - allowing everyone to customize and create to different products without any cost. 

Today, the DGB is not just the kernel or the operating system, it is an encryption system that underpins many different technologies supporting almost all IT systems in the world. It is at the core of Prasaga created with the aim of building a ledger that is the place to perform encryption, settle asset transactions directly from the blockchain - a Smart Contract approach will be provided. level of development speed, best quality and infrastructure for future development, which will save them time and improve workflow efficiency. Another notable point of the Prasaga solution is its compatibility, meaning that the DGB node can allow any smart contract in different blockchains to set up computation without any inconvenience. any difference. This will help to reduce the complex barrier of different specific blockchains that prevent interaction between them. Ultimately, in terms of consensus, Prasaga herself has the ability to automatically ensure consensus by preventing any misconduct and resolving disputes. Additionally, all stakeholders will be able to validate computations outside of the blockchain, meaning very little computational effort is required inside the blockchain at negligible costs no matter how large external computation is. 

The PrAsaga platform focuses on the Industrial Internet or (IIOT) and SmartCity applications. The usual case is that the potential use of blockchain in other sectors such as Fintech, Supply / Logistics and the country will benefit from the development of the DataGrid Blockchain (DGB) technology currently being developed and expanded by Prasaga. Prasaga vision for future data innovation.

With all the aforementioned features, it is not surprising that the Prasaga solution benefits many device manufacturing industries so that Smart IoT devices can be supported by Prasaga, helping owners of devices. Start making use of their data in a simple way. AI and Machine Learning (ML) companies also use large amounts of data to train their algorithms. These algorithms are only smart when the data they are provided with, so reliable real-time data available on the DGB will help drive greater innovation.  

Token DGT

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

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. 
  

Currently Prasaga is holding a personal presale, tokens will be unlocked within 3 months after the Liquidity Bootstrap Pool. 20% will be added to transactions above 150 ETH and an additional 10% for initiation of 80 ETH transactions. Community Presale has a minimum bonus of ¼ ETH and an additional 5%.

This is not an investment advisory article, this is an analysis of the project for the community to consult and learn more deeply, so we will not be responsible for any problems encountered in the investment process. Any investment opportunity also has certain potential risks, so we hope that everyone can carefully consider each investment decision to get the highest probability of success.  

TEAM

Most of the project team are talented people with many years of experience in famous crypto companies. Examples include Mr. Michael Holdmann: He is the founder of one of the world's first ASPs (old Cloud technology) and product developer of VPN, MPLS and GTM project launchers for US, APAC and LTAM There are many other famous members that you know, please visit: https://www.prasaga.com/ to learn more about the project. 

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Author

Bitcointalk Username: ronaldono

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2394217;sa=summary

Telegram Username: @sakitm

Eth: 0xEB248c4Ca93233AFC54a809a341110895441D910