Programmable Economy is an economy system that capitalizes tangible and intangible values with blockchain technology. Programmable economy removes the role of middlemen in our daily transactions as they are prone to error, connecting people together and this results to lower transaction costs.
Blockchain has a strong potential to revolutionize every aspect of global trade from financial to manufacturing to educational institutions to Big data industry. The impact of the Blockchain technology on the current digitized society has paved the way for a Global programmable economy.
There are many programmable economy system but most are ineffective in running programmable economy as they are deficient in speed and security restricting the full functionality of the programmable economy. EDENCHAIN proffers solutions to this.
EDENCHAIN ECOSYSTEM
Edenchain aims to develop a Programmable economy on the Blockchain network. The platform employs APIs, Artificial intelligence, Internet of things (IOT) and Machine learning to drive a vibrant Programmable economy where any asset of value can be traded in P2P. EDENCHAIN is creating a blockchain protocol that will provide high-performance processing speeds and address the technical issues of many blockchain protocols that has inhibited their adoptions in the programmable economy system.
The three layered core protocol of the Edenchain platform will eliminate middleman typical of the traditional economy to provide a trust smart contracts, higher TPS (transactions per second) and also ensuring parallel chain system between nodes. This leads to lower bargain costs as there's no third individual and it will also build up another market by means of the capitalization of new and abroad resources.
Blockchain technologies such as Bitcoin and Ethereum are exposed to hacker attacks due to the lack of guaranteed trust in interacting with external systems that is normally required for non-deterministic smart contracts. Eden Chain ensures interoperability allows the keen assertions in the Eden Chain to interwork with external systems, which enhances security.
Edenchain uses the E-Bridge layer to retrieve data from multiple data sources when a non-deterministic smart contract is interfaced with an external system. Eden encrypts this data and incorporates the Median Voter Theorem (MVT) to secure trust and to defend against attacks from hackers. Edenchain constructs a blockchain using EVM and Solidity, which are verified and continually improved by the community.
The utilization of the eden chain also allows for the tokenization of assets to such an extent that they can be enrolled as a component of the eden chain, managing tokens and let the utilization of IOT to mechanical exchanging. Eden Chain can be connected to various divisions including ICO, amusement, IOT, shared economy, financial matters among others.
The Edenchain platform guarantees reasonable transaction fees for users. The handling costs for highlights depend on computerized cash esteems. In any case, on Eden Chain, the qualities rely upon the figure of executions paying little heed to the agreement include. This makes the costs lower. Also, the Eden Chain platform was planned in such a strategy, to the point that the costs are kept sensible.
EDENCHAIN TOKEN (EDN)
The EDN is an utility token that will be connected for bargain charges over the system. It will be used for transactions in the EdenChain platform. Makers should apply the EDN token to utilize the eden chain innovation and deal with their administration giving on it.
TOKEN DETAILS AND ALLOCATION
• Ticker: EDN
• Token type: ERC: 20
• Fundraising Goal: $24,000,000
• ICO Token Cost: One EDN = $0.0600
• Full Tokens supply: 1,000,000,000
• Available for Sale: 40%
• Token Issue: June 2018
• KYC: Yes
EDENCHAIN ROADMAP
THE TEAM
In Conclusion, the EdenChain platform will improve security and scalability which are the basics in a programmable economy.
IMPORTANT LINKS.
• Website : https://edenchain.io/
• Whitepaper : https://drive.google.com/file/d/1qUUUm8mNuL-7f5yYsNza1gqcZE6PoDhN/view
• Facebook : https://www.facebook.com/edenchainio
• Twitter : https://twitter.com/edenchainio
• Telegram : https://t.me/edenchainio
Written by Ngene Chinenye
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