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Edenchain: the Programmable Economy Platform

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The rate at which the world is developing is really having positive impacts on all sectors. Just of recently, we have seen programmable economies where value can be exchanged amongst individuals.

There are many online retail platforms where people exchange values within their selves, but there are lot of complains about the system.

Some of the complaint about the system is the influence of the third parties on the system whereas charges are levied on both the users of the platform and the buyers upon each transaction done on the platform.

Such platform is also having a low level of security of transactions because we have seen a difficult issue where hackers still wreak havoc on these platforms.

Other challenges about such platform are connectivity problem, congestion of network on the system and slow on transaction time.

But there is good news for everyone. A platform is here to bring solution to those various challenges facing the above sectors and provide a secure and profitable environ which will be benefits to all users. Edenchain also introduce the use of cryptocurrencies on the platform.

Challenges programmable economies is facing currently

The aims of programmable economics has not been achieved in the universe of blockchain technology due to various challenges the system is encountering. Some of the challenges are presence of third parties, congested network with poor performance, lack of secured connectivity etc. Some of these blockchain can’t handle enough transactions per seconds which make it look ineffective with the aim while it was created.

These alone has caused an alarm that there is need for improvement in the blockchain industry which will provide remedy to those various setback on the system.

Many organizations and industries are gradually embracing blockchain technology; therefore there is need for addressing the technical issues relating to the performance and scalability of programmed economies

Other challenges a programmed economics is facing is lack of secured connectivity. Users need a stable and reliable connection which is always required to carry out some various tasks.

It does not end there; programmed economics is still having challenges of third parties in transactions. This has caused a lot of setbacks due to the unnecessary charges that may accrue to all users.

EDENCHAIN is the solution to the above problems.

Here is how Edenchain will provide remedy to these problems.

Edenchain will introduce a blockchain-based programmable economy platform that provides solutions to the already existing problems by providing an advance technical issues, a high-performance processing speeds, which provides remedies to the previous problem such system has encountered

Eden will offer automated services using smart contracts, making for interoperability with external systems.

Eden also adopt new technology called E-Bridge layer (EL), which will be use to retrieve data from multiple data sources when a non-deterministic smart contract is interfaced with an external system.

Eden also encrypts the data retrieved and employs the use of the Median Voter Theorem (MVT) to secure trust and to defend against attacks from hackers.

Eden implements smart contract which will improve the performance of the technical issue.

It does not end there, Eden makes use of namespaces with Merkle Tree, which isolates transactions based on its particular namespace, and ensures the continued performance and scalability of its system by the creation of an execution system which is capable of conducting parallel processing by namespace, enabling the ability to carry out a vast number of transactions simultaneously in parallel remedying in the process the problem of performance already mentioned.

Eden introduces smart contract language by the use of Dyerium’s EVM which will help in any cogent form of communication between the user and the platform.

Edenchain will bring more life to the programmed economics by introducing

trading of various blockchain-based assets on the Internet which guarantee all users a secured connectivity of all transactions.

Summary

Edenchain is the remedy to all pproblem of programmable economies.

Eden will make the use of blockchain technology easier for all possible enterprise options. Eden will provide full security on blockchain by using E-Oracle technology to effectively defend against hacker.

I boldly tell my readers that Eden is the way forward for programmable economies and I will urge everyone to invest in it and used it for the better development of the blockchain industry.

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Edenchain: The Programmable Economy Platform. (2019, April 10). GradesFixer. Retrieved October 28, 2020, from https://gradesfixer.com/free-essay-examples/edenchain-the-programmable-economy-platform/
“Edenchain: The Programmable Economy Platform.” GradesFixer, 10 Apr. 2019, gradesfixer.com/free-essay-examples/edenchain-the-programmable-economy-platform/
Edenchain: The Programmable Economy Platform. [online]. Available at: <https://gradesfixer.com/free-essay-examples/edenchain-the-programmable-economy-platform/> [Accessed 28 Oct. 2020].
Edenchain: The Programmable Economy Platform [Internet]. GradesFixer. 2019 Apr 10 [cited 2020 Oct 28]. Available from: https://gradesfixer.com/free-essay-examples/edenchain-the-programmable-economy-platform/
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