EdenChain : Third Generation BlockChain Infrastructure

EdenChain is the third generation blockchain platform which has a unique potential of capitalizing both tangible and intangible assets. With the use of programmable economy technology and smarts, contracts in the blockchain Edenchain can tokenize any kind of assets. Thus can be traded on the internet without any intermediaries and the profits are redistributed. The team aims to build a most dynamic blockchain infrastructure which is highly secure and includes interoperability feature. This high-performance blockchain is scalable and will have a very low fee for the transaction. The market that Edenchain is aiming is very enormous as there is no such market where tangible and nontangible goods could be traded. EdenChain could be useful in different sets of industries such as ICO (Initial Coin Offering) , IOT (Internet of things ) , shared economy , gaming , finance and many more.

Technologies such as the internet , smartphones , AI (Artificial Intelligence ) , IOT etc has become a daily part of our life. And a new technology called blockchain is gaining its momentum in a direction of making a great impact on our life. Programmable economy comes into effect when these two great technology meets each other. In simple words, the programmable economy can capitalize any kind of assets (tangible and non-tangible) which can be traded on the internet freely without the need of a middleman. Tangible assets such as stocks, bonds ,livestock, vehicle , real state and so on and non-Tangible assets like time, frame , network , service etc can be both tokenized with the help of smart-contract on the blockchain. The programmable economy simply connects the buyers and seller of such goods and there would be no need of any intermediaries. In the existing market ,the intermediaries are believed to be charging up to 20 percent in fees for their services. In the other hand , Edenchain can basically lower these cost and give users a high performance , secure , scalable platform to run their desired business through tokenization.

Although, there seem to be some technical problems in achieving the programmable economy in the blockchain. Two main problems are 1. Performance 2. Security. As mentioned in their whitepaper ,Edenchain has a solution for these problems. Merkel Tree and Namespace can be used to solve performance issue by executing a transaction of different NameSpace in parallel, in addition, E-Oracle technology is used to work with external blockchains. It is also possible to run infinite transactions per second through Merkle Tree and NameSpace for parallel processing. Edenchain is a permission blockchain with three layers: distributed ledger layer, validation layer, and bridge layer which means it is less prone to attacks as compared to permissionless blockchain (Bitcoin , Ethereum ).For reliability and security, EdenChain adopts MVT (Median Voter Theorem ) as a consensus algorithm , granting robust function for selecting the values that occur in interworking with an external system. Beside this , Proof of Elapsed Time (PoET ) as a consensus algorithm for mining which would require less computing resources and thus put an added value in its Blockchain.

The Company is based in Seoul- South Korea and they have offices in Singapore as well as the British Virgin Islands. The team includes some of the well experienced , award-winning personnel’s from IT field. Advisory members are also well experienced and talented veterans. However, this article serves to provide basic information about EdenChain and to make an investment everyone should do their due-diligence.

website : https://edenchain.io/ telegram : https://t.me/edenchainio