Edenchain is the blockchain based platform and it is capitalizing the trades of assets for the programmable economy and technology. The smart contracts can integrate the real and virtual economics to create a fundamental and programmable economy into the platform. The smart contracts are divided into three different parts based on the programming skills of each.
Bitcoin Smart Contracts
Bitcoin is the component of cryptocurrency and it provides the programming language called Script to the system. It is a bytecode for a stack-based language which is similar to Forth. It has been designed for the Turing based Incomplete which is the intentional support to the loop or recursion.
This will have the assurance for the execution of the script to program without any risk of hackings. The Script will have the support of various functions like stack manipulation, string manipulation, bitwise manipulation and basic cryptography. It is inherently limited by the usage because of several factors. The maximum size for the script has to be 10,000 bytes because of the limitation to the Bitcoin block size and the number of available opcodes is limited to 201.
Ethereum Smart Contract
Ethereum is another form of cryptocurrency component and this supports the Turing-Complete language by the usage of Loop and Recursion as it is flexible enough for the implementation to the Bitcoin Script Language. This Script prohibits the Loop and Recursion for a deliberate delay to the execution of the program with prevention to the long wait times. Ethereum has the involvement with the concept of Gas and it can be understood as one form of royalty-free concept used ether for encryption for executing the smart contract.
The calculation will be executed by someone through the Ethereum Smart Contract and it will run through a way to the subtraction to a certain amount from the gas paid in advance. This cannot have any deliberated delay to the individuals by the execution of repeating the circulation indefinitely. It is an interesting feature of Ether Smart Context language along with the reactive property ensuring the smart contracts programs executing by other transactions. This has been designed with the reactive characteristics to avoid a DoS attack.
The Ethereum based languages are supported in the Ethereum Virtual Machine to run the smart contracts in a non-secured environment. It can create and register the smart contracts in a publicly permissive blockchain to run quarantined to a redundant network of the environment. It will be running through the particular smart contracts due to the problem arising from the EVMs to roll back to the state before execution for not returning to the Gas that has already been used.
NXT Smart Contract
NXT will adopt the Proof-of-Stake consensus algorithm securing the performance and scalability with the first generation blockchain technology. This has been designed according to a client-server architecture connecting within the internal and external systems by using APIs. NXT will be using the smart APIs as it provides basic functions necessary to the various fields by the file storage, messaging, and trading.
This will have the general logic to use the programmable language creating an NXT smart contract by the functions of input, delete and update data in a block. It will have the functions for the smart contracts to create NXT for limited blockchain technologies supporting the language-based smart contracts. This mostly depends on the type and content of the provided APIs.
It can capitalize on the tangible and intangible assets by the valuation of tokenization and make the system feasible enough.
Website : http://edenchain.io/
Whitepaper : https://drive.google.com/file/d/1qUUUm8mNuL-7f5yYsNza1gqcZE6PoDhN/view
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