With the introduction of the Internet, smartphones, artificial intelligence technologies, etc. in our everyday routine, we can be sure that blockchain technology will quickly change our economic perspective of life as a whole.
When we combine blockchain with the economic system, we come up with programmable economy, which is a new economic system capitalizing both material and non-material values and trading via the webland without an intermediary person. This assist sellers and purchasers in connecting straightforwardly to each other and in such a manner reducing the cost and facilitating the current transaction procedure.
Nevertheless, there are two main technical issues in the programmable economy, which prevents its implementation: safe connectivity and production speed. EdenChain platform aims to solve these issues.
What Is EdenChain and Things You Should Know About It
EdenChain represents a Korean programmable economy platform, which offers high data processing rates, and introduces a blockchain technology able to implement diverse automatized services on smart contracts basis.
The platform focuses on providing safe interworking between on-chain and off-chain service bases, since the current blockchain technologies are not protected from computer fraudster threads including data counterfeit, malpractice or piracy, during smart contracts interoperability with outer systems.
EdenChain generates a huge set of transactions rapidly. Utilizing Namespace technology, it divides non-associated transactions into individual spaces and carries out parallel transactions. With the growth of transactions, the process conditions are arranged by Namespace in order to keep continuous optimum fulfillment.
The processing costs are defined for every function taking into account the cryptocurrency prices, which is why they are quite expensive. The present platform gives the opportunity to reduce the processing costs and charges in accordance with the number of modifications irrespective of the processing by function.
Moreover, EdenChain platform reinvests and trades different types of assets, which can be converted into blockchain tokens. These tokens can be used to register ownership, insurance policies, real estate, etc. or sell stocks, gold, game items, etc. and the required conditions can be stated as smart contracts to meet the asset characteristics.
Conclusion
EdenChain constitutes a controlled blockchain, which creates and operates under trustworthy conditions for smart contract implementation, ensures security, increases performance by applying a specific amount of nodes on Namespace basis and guarantees complete processing of any transaction fast and at a reasonable price.
This ICO platform orientating the Korean market will offer ICO release and distribution and, as we all know, the existing Korean projects are bringing good profit involving low investment.
Authored By: x0r2