Edenchain is bringing up with a blockchain platform to capitalize and trade all types of assets by using programmable economy technology.
This is fast,secure and reliable blockchain platform technology that allows all your tangible and intangible values to be capitalized under smart contract blockchain, and freely trades through the internet without a middle man.
Benefits
- It will reduce transaction cost by removing middle man.
- It can redistribute the profits that the middle man has monopolized.
- It creates a new market that has never existed through the capitalization of domestic and foreign materials, which potentially can enrich many peoples’ lives by returning the economic benefits back to them.
Major Technical Issues
There are 2 major technical issues in achieving programmable economics in the current blockchain technology
- Performance
- Secured connectivity
Solution
Eden solves these technical problems with breakthrough technology.
Eden uses Merkle Tree and Namespace to solve performance issue by executing all the transactions in different Namespaces in parallel.
E-Oracle system for external system and also MVT(Median Voter Theorem) as a consensus algorithm provides reliability and safety.
E-Protocol system by using ECC-TC is very powerful mechanism that can protect Eden from attack of hackers by encrypting all network data.
Let us learn more about Merkle Tree and Namespace
Merkle Tree
In cryptography and computer science, a hash tree or Merkle tree is a tree in which every leaf node is labelled with the hash of a data block and every non-leaf node is labelled with the cryptographic hash of the labels of its child nodes. Hash trees allow efficient and secure verification of the contents of large data structures. Hash trees are a generalization of hash lists and hash chains.
Demonstrating that a leaf node is a part of a given binary hash tree requires computing a number of hashes proportional to the logarithm of the number of leaf nodes of the tree; this contrasts with hash lists, where the number is proportional to the number of leaf nodes itself.
The concept of hash trees is named after Ralph Merkle who patented it in 1979.
Source : Wikipedia
Namespace
In computing, a namespace is a set of symbols that are used to organize objects of various kinds, so that these objects may be referred to by name. Prominent examples include:
- file systems are namespaces that assign names to files.
- some programming languages organize their variables and subroutines in namespaces.
- computer networks and distributed systems assign names to resources, such as computers, printers, websites, (remote) files, etc.
Namespaces are commonly structured as hierarchies to allow reuse of names in different contexts. As an analogy, consider a system of naming of people where each person has a proper name, as well as a family name shared with their relatives. If the first names of family members are unique only within each family, then each person can be uniquely identified by the combination of first name and family name; there is only one Jane Doe, though there may be many Janes. Within the namespace of the Doe family, just "Jane" suffices to unambiguously designate this person, while within the "global" namespace of all people, the full name must be used.
In a similar way, hierarchical file systems organize files in directories. Each directory is a separate namespace, so that the directories "letters" and "invoices" may both contain a file "to_jane".
In computer programming, namespaces are typically employed for the purpose of grouping symbols and identifiers around a particular functionality and to avoid name collisionsbetween multiple identifiers that share the same name.
In networking, the Domain Name System organizes websites (and other resources) into hierarchical namespaces.
Source : Wikipedia
User case
Initial Coin Offerings (ICO), IoT, Shared Economy, Gaming, Finance and so on, as it can capitalize valuable assets and execute transactions fast, securely and at a reasonable cost.
Launch and Prototype
Team had promised to demonstrate Two MVPs before crowdsale.
The team has already released the Both MVP. This shows that the team is able to deliver on its promises.
E-Explorer : The E-Explorer will be the first among many products built on Edenchain. In the demo, the E-Explorer is used to show transactions, batches and blocks produced on our testnet. More information is available here
E-Edge : It is a web interface for developers to manage APIs and namespaces. The use of RESTful APIs in Edenchain makes it easy for enterprise users to adopt Edenchain blockchain platform!
Most developers have extensive experience using APIs, and Edenchain's APIs will allow them to easily tokenize their products and services on Edenchain blockchain platform, without needing specialised blockchain developers. This keeps cost of development for building a blockchain platform significantly lower than other products such as Hyperledger!
For more information click here