In most situations, people tend to be blindfolded to the limitations of a new innovation in technology. Bitcoin and Ethereum, the two most popular and current currency of the blockchain technology are not exempted from this truth no matter how perfect they appear.
Ethereum is a blockchain-based public operating system featuring smart contract functionality. It is very easy to create new tokens on the platform, that is why there are over 1000 tokens currently on the Ethereum smart contracts. It is better than the bitcoin protocol as transactions are completed in minutes unlike bitcoin that takes a while. It makes use of the Ethash algorithm, this reduces the advantage of specialized ASICs used in mining. Transaction fees are lower as well, which is one of the uniqueness of Ethereum over bitcoin.
The kind of system used on the network involves the debit of Wei from one account into credit into another, unlike the Bitcoin's UTXO system, which can easily be likened to spending cash and receiving change in return. In as much as this system is better than the Bitcoin in many ways, it also has a lot of flaws in its storage, usage, complexity, and security. It is a very common occurrence for users to get pinshed and their funds stolen. This has left many users wary of using the platform. This is one of the biggest defect of using the Ethereum platform.
The Edenchain as a third generational blockchain seeks to address and resolve the cons of these two aforementioned systems.
The vision of a creation such as the EDENCHAIN platform, as a programmable economy platform which fills the missing gap in today's blockchain technology was actualized.
WHAT IS UNIQUE ABOUT EDENCHAIN?
Unlike other projects which are based on promises written on whitepaper and hope, the edenchain platform is unique in its own as it already has strategically positioned partners and affiliations to help actualize its goals and create a flawless ecosystem for all to use. The Edenchain platform in brief is a newly invented platform that seeks to bring about stability, reliability and the adequate functionality in the block chain technology. Armed with the capacity to conduct transactions at very fast tps (transactions per seconds) rate, Edenchain is set to take over from its competitors.
Equipped with features that will eliminate poor performances experienced in the conventional blockchain technologies and providing a secured connectivity vital in blockchain operations, one can only imagine how the Edenchain platform will operate. There is also the promise of no downtime for all transactions on the network, unlike its competitors that experiences a series of downtimes due to outdated networking configuration done on their platform.
Basically, the Edenchain has three unique platforms on its network, they include;
HelloEden platform: this platform has its focus on the Korean market. ICO services which include coin release, marketing and investment will be available here. The Edenchain has partnered with M&K in Korea to help actualize this feature.
Clean deal Platform: It will be used on the b2b open market platform. This platform is in agreement with hyungji corp KHMA. This partnership is great for edenchain as it will ensure that it’s in constant demand as cleandeal is a platform that caters to housing needs in Korea.
My credit chain platform: It will provide peer to peer financial service for users of its platform, it’s been affiliated with Korea’s number one Fintech company, Finger. This platform will use the EdenChain Platform to provide access to coins and blockchain technology required for the success of the peer to peer features.
By using the E-Oracle consensus and its intel software guard extension, the Edenchain network is built on its own secure and trusted blockchain, which significantly ensure no downtime at any time. This component also ensures that its ability to maintain the smart contracts on its network without the fear of user’s data being compromised. Edenchain has the potential to solve all scalability problems and conduct a large volume of transactions at once through the help of its sophisticated network platform. Its processing speed will be faster than that of the Bitcoin and Ethereum.
The EDEN Architecture
Security is one vital requirement in any blockchain based platform. There is a predominant lack of trust in the currently existing blockchain technology like I earlier pointed out. No smart contract can work perfectly if there is no proper security done on is channels. When a smart contract is used with an external source system, the Edenchain will utilize its E-bridge to restore data. It then conceals the data and employs the Median Voter Theorem (MVT) to protect the system from being compromised.
Taking a look at the project metrics, most of the partners involved in the project are Korean based, the network is centralized, the team is amazing. At the moment, it’s in partnership with M & K, which happens to be a top public relation firm in the republic of Korea.
Another interesting thing about edenchain is that it has a market already. It will be used in concluding transactions on the cleandeal b2b open market platform. This platform is in agreement with hyungji corp KHMA. This partnership is great for edenchain as it will ensure that it’s in constant demand as cleandeal is a platform that caters to housing needs in Korea.
The Edenchain platform will also allow users to take cryptocurrency- based loans in order to encourage startups. It clears the technical issues in the conventional blockchain technologies like the bitcoin and ethereum, thus boosting the effective functionality of a programmable economy. Individuals which use the Edenchain platform can now utilize the programmable economy in tokenizing all type of assets, registering them on the blockchain and trading them with others.
Token sale
Token supply - 1,000,000,000 EDN
Target - $24,000,000
1 EDN = $0.06
My opinion
As compared to its competitors such as Ethereum, Stellar, ICON, it stands tall. One of the reasons is that it has a lower cap of 24million tokens unlike its rivals which had a higher cap. Therefore its very easy to get a higher ROI if you invest I this project, that is if you are only looking to increase your investment. But if you are like me and you want any platform that will outperform its competitions and that you can buy fr cheap in ico, then you will do well to invest in edenchain as well. It also appears as if it has the backing of the Krean government, which is good news as this will boost the social status of the platform and promote net worth. It already has existing partnerships as well as fostering newer ones every day. In conclusion, I think edenchain is not the kind of platform you want to miss investing in.
TEAM
The team consists of 22 experienced hands with years of successful service in their different areas of interest.
Advisors
The advisor team are well seasoned and experienced as well
Investors
Partners
For more information, visit any of these links;
Website: http://edenchain.io
Whitepaper: https://edenchain.io/wp-content/uploads/2018/05/EdenChain-Whitepaper_v1.2.pdf
Tokensale: https://edenchain.io/tokensale/
Twitter: https://twitter.com/edenchainio
Telegram: https://t.me/edenchainio
Reddit: https://www.reddit.com/r/edenchainio/
Facebook: https://facebook.com/edenchainio
Authors Bitcointalk username: Cryptoboss12
Authors bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1954514