Idea & Token
Edenchain is a blockchain-based platform for enterprises that will support applications from a number of various sectors, including Energy, Ad, IoT, p2p, Commerce, Finance, Healthcare, and ICO. Users will capitalize both tangible and intangible values and trade them on the Eden Exchange.
Edenchain is going to solve the following problems of existing blockchain problems:
– Low performance and scalability
Edenchain will use namespace technology and Merkle Tree to isolate transactions by namespace. Each namespace has performance up to 1,000 TPS.
– Insufficient security
Edenchain will implement hardware and software solutions that will use cryptography technologies and protect against attackers.
– No methods to capitalize intangible assets
Users will be able to tokenize their assets to be traded as cryptocurrency.
– Low speed of blockchain adoption
Edenchain will have APIs to interact with their blockchain that doesn’t require extensive experience of developers.
The company is going to implement several MVPs, one of which called E-Explorer is already released. Two others are planned to release before the ICO, and even more MVPs are to come.
Their utility token called EDN will be used for transaction fees on the platform, exchange fees on the Eden Exchange, collateral for ICOs listing on the platform, as well as to operate master nodes. Developers will also need EDN to affer their services on the platform. A total supply is 1 billion tokens. The token distribution is as follows: 40% – sale, 15% – partners, 13% – founder and shareholders, 12% – accelerator program, 10% – foundation, 5% – team and advisors, 5% – bounty and marketing.
The team consists of 11 members and looks focused on the results. Three blockchain developers have total 33 years of experience in IT, several business developers personally dedicated to a specific region, as well as financial specialist and a marketer. The team is led by CEO James Ahn who has 20+ years of experience in IT, founded several companies, worked as CTO, representative, consultant, and adviser in different companies, has written four books and several papers about machine learning and finance. The team is supported by 13 advisors, 4 of them have PhD.
Edenchain is not a unique project, but very ambitious and competes with such projects as EOS and ICON. Seeing the results of these two projects, we have the right to expect similar development of Edenchain. A significant hype, ambitious roadmap, the first released MVP, a solid professional team, and positive market expectation make up our confidence that the project has more than bright future.
A really diversified blockchain-based platform for enterprises offering decisions for a number of current blockchain issues. The project is not unique, but there’s a strong market demand for such products.
Edenchain ICO datesexport to calend
Eden is a blockchain-based platform that can be used to capitalize and trade all types of assets through programmable economy technology. By using blockchain Smart Contracts, you can capitalize all tangible and intangible asset values into a Token (Tokenization). We use smart contracts to integrate real and virtual economies, creating a new and enormous economic system and programmable economy. Programmable Economy: 1) It can lower transaction costs because there is no middle man. 2) It can redistribute the profits that the middle man has monopolized. 3) 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.
Currently, there are two major technical problems in achieving programmable economics in blockchain technology. They are 1) Performance, 2) No Secured Connectivity. Eden solves these technical problems and has the components necessary for implementing a programmable economy. We use Merkle Tree + Namespace to solve the performance problem by executing transactions of different Namespaces in parallel, and use E-Oracle technology for external system interworkings. In addition, it provides reliability and safety, and adopts MVT (Median Voter Theorem) as a consensus algorithm, granting robust functions for selection of values that can occur in interworking with external systems. EProtocol using ECC (Elliptic Curve Cryptography) – TC (Threshold Cryptography) acts as a powerful mechanism that can protect against attack by hackers with all network data encrypted. The settlement algorithm of ledger data, using PoET (Proof-of-Elapsed-Time), is designed to make it possible to conduct efficient leader emulation with fewer computing resources.
Eden’s key programs are implemented in the SGX Enclave to disable software attacks and hardware attacks, further enhancing secured sonnectivity when interacting with external systems. Eden uses Global DNS, Multi-Datacenter pattern, and Virtual Private Network (VPN) Hub technology with a view to providing secure services against natural disasters, such as earthquakes, typhoons, and other large-scaled attacks by hackers. In any case, the service can continue from operating Eden Chain Service Zone from each continent around the world.
Eden can be applied to a variety of industries and services, such as 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.