We are now living in the world with technological advancements and developments. It is making the systems to run faster enough to make it worth. Among all the emerging technologies the blockchain technology has taken over the world is the exciting one and has labeled as the disruptive and innovative.

It has been abundant with the distributed ledger and cryptocurrencies like Bitcoin, Ethereum etc. the blockchain network is the essential element of this as this will help the transaction to flow receiving attention from various industries.

concept will record the transaction in a secure, stable and chronological way. This makes the application possible in several areas by improvising a few issues of unwanted centralized and slow transactional verifications on time. It has a greater balance between security and speed. Currently, a number of blockchain networking organization are providing cryptocurrency services and Edenchain is one of them.

Definition to Edenchain

Edenchain is establishing a world-class platform for the enterprises of the future. It is the blockchain based platform used for capitalizing and trading every type of assets. These assets must be programmable to the economic technology and this will be used for the blockchain Smart Contracts.

It will capitalize all the tangible and intangible assets valuation for tokenization. The smart contracts will be used for integrating real and virtual economics to create a fundamental and programmable economy into the platform. The programmable economic platform of Eden will be used for including some advantageous facts. Such as;

• The transaction costs will be lower due to the system bereft of middleman
• The profits can be redistributed to monopolize the middleman
• The new market can create for the never existed one capitalization of domestic and foreign materials. It will ultimately enrich the lives of many economic benefits so that it will return back to them.

Programmable Economics

In order to achieve the programmable economics, Edenchain will face two major economic technical problems. One is poor performance and the other is lack of secured connectivity. But Eden has solutions ready to face these technical problems. They will provide the components as per the necessity of implementation for establishing a programmable economy. Eden will implement the Merkle Tree along with the Namespace for creating a solution in the performance with the problems for executing the transaction for different Namespaces in parallel and integrates.

This will be based on the E-Oracle technology having interactions with the external system. Moreover, it will provide the reliability and privacy through the adoption of MVT which is the shorter form of the Median Voter Theorem. It is the consensus algorithm for granting robust functions to select the values to occur the interaction with the external systems.

EProtocol

The Edenchain protocol is also known as the EProtocol. This uses the ECC or Elliptic Curve Cryptography and TC or Threshold Cryptography. These will act as the powerful mechanism to have the protection against the hackers to encrypt with all the data related to the network. The system also enables the Proof of Elapsed Time or PoET as the settlement for the algorithm of the data ledger. The system has been designed for enabling the efficient leader for the emulation with a fewer number of computing resources.

Being a programmable economic platform, Edenchain has already established a number of milestones forward to the users so that they can make use of the service at full force. The system is working hard to make it flexible enough for the users.

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