The blockchain network has settled up a new trend by the innovation of internet. It has made easy the transaction process that physical currency does not a matter anymore. The blockchain platform is entrusted by cryptocurrencies and the organizers are constructing the service improvising innovation to it. Edenchain is the blockchain networking organization for the programmable economy.
This platform is capitalizing and trading every sort of assets for the programmable economy technology and this will be used through the blockchain smart contracts. Eden can be applied through a diversified industrial and service arrays that include with the Initial Coin Offerings, IoT, Shared Economy Platforms, Gaming, Finance and many more. This will have the ability to capitalize the valuable assets by the execution of the transactions rapidly, securely and at low costs.
Key Elements for Technical Motivation
The key elements for the smart contracts have the effect on the programmable economy by the tokenization which has been realized through the smart contracts. These will have the ability in rapid defending attacks against the misuse and tempering of the hackers.
It will deal with the larger number of transactions including the sensitive data. The operation to the smart contracts is the actors of autonomous behavior as it is completely predictable. The system will enable the smart contracts for using the reliable transaction processing.
Categorizing Issues
The issues will be categorized into four types through the generation of smart contracts. This can be done according to the Professor of Distributed System Aad van Moorsel. The categories are:
Codifying Issue: It will explain the difficulty in creating a completely seamless smart contract.
Security Issue: This will happen when the security issue is related to the attacks for using bugs or weaknesses within the smart contract system.
Performance Issue: This issue will be caused due to the scalability of problems for the execution of smart contract into the blockchain
Privacy Issue: It describes the problems arises due to the contents of the smart contracts for becoming public.
Other Issues: There are some other technical issues and this will be required for addressing the smart contracts. This can be used for the trusted autonomous actors. As soon as all these issues meet to the solutions, the smart contracts will be used for a number of fields for the programmable economy which is also true for the smart contracts.
Technical Issues
Edenchain may face two major technical problems by the implementation of the programmable economy. These users are the throughput speed and the security. These issues are restricted by the entire functionality for the programmable economy. The current blockchain dispensation methods have the existence for a greater deal of difficulty to use the techniques in the conjunction with the actual services because of the slow speeds and the vulnerability of being attacked through the hackers.
The Edenchain blockchain enables the values to be capitalized and traded while the platform works based on the ability employment to the blockchain smart contracts for capitalizing any and every tangible and intangible assets into tokens. The platform is working hard to trade freely without any interference of a middleman. It has the belief of lowering the transaction costs so that the profits can be shared among the community members implementing a brand new market for capitalization of foreign and domestic goods to be created.
Website : http://edenchain.io/
Whitepaper : https://drive.google.com/file/d/1qUUUm8mNuL-7f5yYsNza1gqcZE6PoDhN/view
Telegram : https://t.me/edenchainio