Like an eagle that has taken flight, the EdenChain ICO began with a deluge of momentum and ended quick as lightning as major believers in the project wasted no time in securing their position as one of the pioneer supporters of EdenChain’s revolutionary technology. But now that the ICO is over, what are the expectations to look out for now?
Save for an unexpected turn of events, EdenChain is expected to stick closely to the timeline on their roadmap as they gradually warm their way into the market. That means at any moment now we should be expecting to see their EdenChain Alpha version as well as Wallet Alpha Version to sign off the 2nd quarter of the year 2018.
For the benefit of those who haven’t heard about EdenChain, let me quickly sum it up by letting you know that EdenChain is the next big thing that is going to happen to the current blockchain technology. It is a technology platform where capitalization, as well as trade of all assets, is made possible using what can be referred to as programmable economy technology. Tokenization will be key here as both asset values that are physical or intangible can be capitalized with the aid of smart contracts. This makes it possible for intangible assets like insurance or fame/popularity as well as physical assets like vehicles or real estate to be tokenized using a smart contract via blockchain. The EdenChain programmable economy platform will be of immense benefit to areas of service like ICOs, Finance, Internet of Things (IoT), Gaming and much more.
Now that the ICO is over what should we really be expecting?
A state-of-the-art platform that is scalable and can perform simultaneous transactions on a parallel scale. This will speed up transaction times rapidly and ensure seamless successful transactions.
Developers need a high-scale platform for innovating and creating applications. Eden will offer a huge opportunity for this with its extensive range of dApps and industries that supports various languages.
Smart contracts, registered and run within a non-secure environment, can be easily created by anyone with the knowledge on the EdenChain platform thanks to its supported EVM (Ethereum Virtual Machine).
A global DNS and load balancer will be deployed under Eden’s cloud-based multi-datacenters to ensure that the service is always online and is capable of withstanding hacks and possible occurrence of natural disasters.
Anyone that wants to access the platform has to go through Eden’s permissioned blockchain network for authorization via an authentication process that may be similar to email or sms-style of authenticating. This, together with its 3-staged key generation, based on encryption & decryption makes it difficult for cyber criminals to hack the platform.
The Median Voter Theorem (MVT) is a consensus algorithm that delivers concise functions to reduce vulnerability of the system, gain trust and block off possible hacking attempts.
In a bid to lessen the number of resources it takes to complete a ledger, PoET (Proof-of-Elapsed-Time) will ensure that leader emulation, consumes less computing resources.
This and many more are what we expect Eden to fulfil on their promise as they step into the next stage of their developmental progress. If you want to learn more about EdenChain you can check out the following links; website, whitepaper, telegram, twitter, facebook.
Author - Coltpython