Edenchain brings the Programmable Economy Platform to reality

akhat (29)in #cryptocurrency • 6 years ago

Edenchain is a blockchain based platform which can be used to capitalize and trade all types of assets through the Programmable Economy Technology Platform. The Programmable Economy Platform works in a way that by using the blockchain Smart Contracts, you can capitalize all tangible and intangible assets values through tokenization. Edenchain can also be applied to a diverse array of industries and services. For example the Initial Coin Offerings (ICOs), Shared Economy Platforms, Gaming, Finance and a lot more. This is done by giving the Edenchain Platform the ability to capitalize valuable assets and execute transactions faster, secure and a low cost price.
The use of Eden’s Programmable Platform has a great deal of advantages. These advantages are as follows:
Its lower trading transaction fees with the help of a system that is bereft of a middleman. It can create a new market that has perhaps never existed through the capitalization of home and foreign materials and can redistribute the gains that the middlemen has monopolized. This in turn can enrich the lives of many by returning the economic benefits(profits) back to Users.

The Eden Blockchain Technology has tackled a lot of problems encountered in order achieve the programmable economy. These problems tackled were the poor performance and lack of secured connection. The Solutions to these problems provided components necessary for implementing a programmable economy. Eden’s programmable economy implements Merkie Tree plus Namespace to solve the problems. These problems being solved by executing transactions of different Namespaces in parallel and integrating E- Oracle technology for external system interactions.
In addition, it also provides reliability and privacy by adopting MVT (Median Voter Theorem) as a consensus algorithm, granting robust functions for the selection of values that can occur when communicating with external systems. Talking about Security, the Eden’s programmable economics uses E-protocol which uses the Elliptic Curve Cryptography(ECC) and TC(Threshold Cryptography) to act as powerful mechanisms to protect against attacks by hackers by encrypting all network data. The Eden ‘s programmable economy platform also has POET(Proof of Elapsed Time) and the settlement algorithm of ledger data which is designed to make way for efficient leader emulation with fewer computing resources.

The Edenchain programmable economy platform has key programs which help in the SGX Enclave to disable software attacks and hardware attacks, further enhancing security connections when communicating with external systems. In addition, the Eden’s platform incorporates with DNS globally, Multi –Data Center patterns and Virtual Private Network(VPN) hub technology to ensure proper services despite the potential occurrence of situations that may disrupt the local system. For example Natural disasters and large scaled attacks by hackers. The Eden platform can also be used to diverse array of industries and services securely and at low cost.

In conclusion, the Eden Platform is a blockchain technology that improves speed and security, which are typical requirements for applying blockchain technology to programmable economics. Due to the data Consistency problem, Serial execution is not scalable and increasing computing power to handle more transactions cannot increase processing speeds. As the Eden Platform would be the perfect way to improve and increase this transactions and processing speeds.