OVERVIEW
Eden is a platform based on blockchain technology that trades assets using the programmable Economy Technology. It seeks to use the Blockchain technology and its smart contracts to profit from all tangible and intangible assets by converting such assets into tokens. Using the Blockchain smart contracts, it tends to integrate real and virtual economies thereby creating the programmable economy platform.
PROGRAMMABLE ECONOMY CONCEPTS AND PROBLEMS
One of the factors limiting achieving programmable economies in the Blockchain network is its poor performance and the lack of secured connectivity. Eden is seeking to provide the solution to these problems by providing the necessary components required to successfully implement a programmable economy. It is aiming to deploy "Merkle Tree and Namespace technology" to solve problems relating to performance by executing transactions of different Namespaces in parallel and integrating such with E-Oracle technology for external systems interactions. Additionally, it will provide reliability and privacy by using the Median Voter Theorem (MVT), thereby allowing a powerful function for selecting values when interacting with external systems.
It will also adopt the use of E-protocol, Elliptic Curve Cryptography (ECC) and Threshold Cryptography (TC) to fight hackers’ attacks by encrypting all data within its network.
The Proof of Elapsed time (PoET)is designed to allow for efficient leader emulation while utilizing few computing power and resources.
Programmable Economy Offering and Solution
The Programmable economy platform will lead to the reduction in transactional cost because it will eliminate the dealings of middlemen and redistributes those profits to participating members and investors. It will create a new market that will be rewarding to participants in the long run.
Eden has diverse applications in different industries and sectors like Initial Coin offering (ICOs), Shared Economy Platforms (SEP), Gaming, Finance and so on, because of its ability to profit from assets and carry out transactions in a faster and more secure manner at a very low cost.
PROGRAMMABLE ECONOMY FUTURE
The future of the programmable economy is promising with the advent of Eden and its ability to scale up performance and guarantee security within the blockchain technology. This will translate to lower cost of transaction, more efficient and secure network and increased transactional and processing speed within the Blockchain network.
EDEN TOKEN (EDN)
In order for prospective businesses to enjoy this innovative technology on the EDEN platform, they must acquire the platform native currency as it will be the only medium for payment of services offered on the platform.
TOKEN DETAILS
The token sale has ended successfully, all interested persons can acquire it once they are listed on exchanges across the globe.
TEAM
The team behind each blockchain technology project is very important. What's more, the team pushing this project forward isn't any extraordinary in such manner. The partners incorporate blockchain specialists, crypto lovers, and different technocrats who have faith in the ability of blockchain.
CONCLUSION
This is one project every smart investor will want to invest in, the project is huge and has great potentials. The team is up and doing. With the level of engagement and progress, the team has achieved so far, I believe they will deliver.
Website: http://edenchain.io
Whitepaper: https://drive.google.com/file/d/1qUUUm8mNuL-7f5yYsNza1gqcZE6PoDhN/view
Telegram: https://t.me/edenchainannouncements
Facebook: https://www.facebook.com/edenchainio
Twitter: https://twitter.com/edenchainio
My bitcointalk profile link:
https://bitcointalk.org/index.php?action=profile;u=1708600;sa=summary
my bitcointalk username: sparklins4u
I have been a keen follower of this project and with this article, I have a broader view of what to expect. Good read...