Components of Edenchain Execution

in #crypto6 years ago

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Edenchain is the name of the blockchain based organization dealing with the programmable economy platform. It will ensure the high-performance of processing speed addressing the technical issues by the capacity of developing a variety of automates service.

The use of smart contracts is adding value to the tokenization of the assets. It will integrate the real and virtual economies and generates a fundamental and programmable economy into the platform with the advantages of lowering the transaction costs for the system, redistribution of profits and creating new markets for capitalizing the domestic and foreign materials.

Merkle Tree

The possession of Merkle Tree has been presented by Ralph Merkle in 1998. It has been established when a data tree has been structured for the authentication. The leaf nodes will have hash values of the child nodes and data should be stored in the nonleaf nodes.

Right now, Merkle Tree is been using in several projects like IPFS, ZFS, Bitcoin, Ethereum, and Apache Cassandra for the reason of efficiency is storing data to the variety of data integrity with lesser data. The root level of nodes of the Merkle Tree has been updated in every time when the nodes are added with the hash functions applied recursively according to the hash values of the leaf nodes.

The hash value of the root node is quite different when the other value for a specific node has been changed. It is a property enabling the data for the verification of known roots by the valuation of nodes. Their own node values are added with the counterparty of the node value.

Namespace

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Eden is using Radix Merkle Tree to store the current state of the blockchain. The validator nodes will check the conformity of blocks containing Radix Merkle Tree as it will display some data with optimal space. The child nodes will unite with the nodes into one so that it can use the memory effectively.

The leaf nodes of the Radix Merle Tree will address the nodes and will include this by the possibilities of identifying the siblings or parent of the nodes and it will address the values. The validator node will examine the node to address the transaction to include within a block and a batch for the verification of the transaction with a formula that states as Node Address = Namespace + Node Path.

Identification Value of Namespace

As the namespace is the form of identification, it will have the value for ascertaining in types of transaction where Edenchain will contain the information regarding the namespace. The Validator nodes can be used as per the namespace information and will group the transaction into blocks related to the transactions.

If any transaction contains simple transaction information, the namespace of EDN will be used and XYZ will be used for the smart contract. This way the validator node can distinguish among the XYZ related transaction of EDN related transactions. It will simply check the namespace to contain the transaction by differentiating EDN and XYZ for different types of transactions for the data consistency problems in the transactions. It can be executed parallelly with the result that is not necessary for the execution of transaction at the time during the data consistency issue for the case of many solutions existing for the blockchain space.

The Edenchain blockchain is establishing the service by making the system feasible to the user so that in turn it can enrich the lives to return the economic benefits back to them.

Website : http://edenchain.io/
Whitepaper : https://drive.google.com/file/d/1qUUUm8mNuL-7f5yYsNza1gqcZE6PoDhN/view
Telegram : https://t.me/edenchainio
Reddit : https://www.reddit.com/r/edenchainio/